Skip to comments.What Can March Madness Teach You About Getting Out of Debt? (Dave Ramsey)
Posted on 03/15/2012 5:45:56 AM PDT by CSM
All 68 of the teams in the 2012 NCAA Tournamentbest known as March Madnesswill have at least one thing in common when the tournament starts today.
No matter what type of season they had, whether they are 28-2 or 15-15, whether the year has been filled with injuries or as miraculous as a Disney story, all of these teams only need to win six more games to be national champions.
No matter what has happened in the past, the season starts over today. Each team, each player, each coach has a fresh slate. Past mistakesmissed shots, bad passes, poor coaching decisionshave all been wiped clean. Today, the futurewinning the next six gamesis all that matters.
But these teams dont start out in the first round thinking about playing in the championship. They have to approach the tournament one game at a time. Athletes and coaches have said that so often that its become cliché.
To win, these teams have to focus on the here and nowtodays game. When they win that first round game, they move on to the second round, which involves another round of game planning and preparation. They focus on each opponent, one at a time.
Thats how you attack debt, right? In our world, we refer to each of those opponents as debts in the debt snowball, but its the same message. You pay todays bill and then pay tomorrows bill until you eventually conquer your debt or win The Debt Championship (pardon the cheesy pun).
You dont worry about your past financial mistakes, and you dont get hung up imagining what your mortgage-free future might look like. You just focus on the here and now and plug away at your debts one at a time.
Youll still make mistakes, so dont expect perfection. But you can expect the unexpected, like a flat tire, a leak in the roof, and maybe an unexpected trip to the hospital. Thats the type of stuff that is sure to make an appearance when youre working your way out of debt.
Remember, if youre married, you are part of a team too. And the best way to pay down your debt is through teamwork and agreeing on your goals together.
Just like a great basketball team, stay focused on whats in front of you. Thats how you win the NCAA Tournament, and thats how you get out of debt.
Place a big enough bet on the right bracket, and you could be out of debt!?!?!
Make yourself and your family the cindarella story of this spring! Just be weird!
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Please send your instruction manual to the President!
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LOL! Good catch!