"We do not break the bad habit of debt through earning more money, but rather we break any habit by replacing it with a better one"
Debt rarely occurs from low income, the cause of it is usually poor choices. When I read the last phrase of that quote "but rather....better one" I believe that the new habit refers to budgeting and saving. A person will usually be in some form of debt, however one has to know how to handle owing money and pay off the debt in a smart, timely, manner to avoid stress. Managing one's debt and budgeting is a way to "break the bad habit of debt"; when a person doesn't have to stress about money than that debt is no longer a huge burden and is more likely to diminish.
I'm pretty sure that I will have to suffer some financial trouble in the future probably sooner than later. The job market right now scares me and even though I'm pretty confident in the career I have chosen and my abilities, I'm rational enough to not expect a perfect job right out of college. Miracles happen though and I could get lucky and have a job but even then during my college years I foresee financial troubles. However I am confident that I have the skills to overcome said troubles and I doubt I will encounter anything disastrous.
Money absolutely factored into my major choice! I want to become an Engineering Manager and later in life a Politician. Politics is my true passion and I chose I out of love rather than money. On the other hand, my choice of being an Engineer was strongly swayed by how much they earn and the security in that job market. I mean I really enjoy science and I'm good at math so I know I will enjoy an Engineering career, however my main goal is to be in Washington and Engineering is just a money making choice for me. My plan is to use the money I earn from Engineering to finance my campaign and to give my life diversity. In my opinion money should definitely be considered when choosing a career. A person has to evaluate what type of life they want and pick a career that will give them the salary to support said life style. If a man wants a wife and six children, a career at McDonald's is not going to be enough to support his family. Money should't be the biggest and main factor for choosing a career but it should definitely be taken into account.--
Interesting thoughts. Did you agree with the principles Dave Ramsey shared in his podcasts?
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