Dave Ramsey, author, and host of the radio program The Dave Ramsey Show likes to say his grandmother used to say the best place to go when you are broke is to work. Ramsay has helped millions of people get out of debt and stay out of debt using his 7 Baby Steps method and they work.
Our family cleared out over $50,000,00 in debt in eight months back in 2015 and have not taken on one dollar of debt since, save for our mortgage, and we are working that down.
Within that first paragraph, the word work or working was used three times. That’s was deliberate.
Work is foundational to the American way. Seemingly that central principle has been lost in our culture today. At the very least it’s been misplaced.
In September, the unemployment rate dropped to 3.7 percent, the lowest it has been since 1969. Yet we still have plenty of people with unwilling or unable to work.
There were 757,000 retail-job openings across the United States in July, which is about 100,000 more than a year ago, according to the Bureau of Labor Statistics. The food industry had 909,000 job openings in July, an increase of 161,000 from a year ago.
So what’s the problem – why are people still broke?
Simply put many are unwilling to work.
Perhaps those jobs don’t offer enough prestige, maybe they don’t pay well and frankly its rather easy to get on some sort of government assistance.
The average college graduate leaves school with a student loan as large as a mortgage. In large part, the degrees they earn will get them an entry-level job somewhere further ensuring that they will stay broke. That’s subject matter for another day.
So what is the solution? Work is the solution. There it is again, work.
We need to understand and teach our young people, money comes from work and we have lost sight of that.
Where you start to work doesn’t have to be where you finish.
The point is, you have to work. Stop looking for an easy way out. Stop hoping for that winning lottery ticket. People who win with money are not afraid of work. Again to quote Ramsey, “get up each day leave the cave and go find something to eat and drag home.”
But it will take work.