The Five Foundations
Get Out Of Debt
Pay Cash For Your Car
The third foundation, paying cash for your car, Dave Ramsey tells us to not borrow money from people, period. When you are purchasing a new car, you're actually losing money. Staying away from car payments by driving reliable used cars is what the typical millionaire does. That is how they became millionaires.
Pay Cash For College
The fourth foundation is gonna be a difficult one but done right you'll be a pro at it in no time. Paying for college is one of the most stressful things anyone can imagine. By believing that student loans are a "good debt' because they are a path to getting an education is a myth.