Thursday, November 7, 2024
HomeMarketMost Americans Have Garages And Attics Filled With Garbage 'Floor To Ceiling'...

Most Americans Have Garages And Attics Filled With Garbage ‘Floor To Ceiling’ They Don’t Need, Says Dave Ramsey. That’s Why ‘They’re Broke’

-


Financial expert Dave Ramsey does not sugarcoat things – he’s very direct about America’s clutter problem.

For instance, he recently pointed out that many Americans live paycheck to paycheck, weighed down not just by their financial obligations but by piles of unnecessary possessions filling their garages, attics and storage units “floor to ceiling.” Ramsey claims that one of the main reasons so many people are “broke” is their fixation with purchasing and storing goods.

Don’t Miss:

The argument is straightforward: excessive consumerism is hurting people’s financial well-being. Instead of investing in experiences, savings or assets that grow in value, countless Americans are pouring their money into things they don’t use.

Ramsey describes clutter as wasted money and missed opportunities – both for financial growth and a simpler, more stress-free life. As one of his followers on X said, “I’m proud to say we park our cars in our garage and the attic is empty.”

Self-storage facilities have become a booming industry as more people find themselves needing extra space to store excess belongings they can’t fit into their homes. According to Consumer Affairs, the average monthly cost ranges from $90 to $290. While they solve the immediate issue of overflow, they also result in long-term financial burdens.

See Also: Studies show 50% of consumers think Financial Advisors cost much more than they do — to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.

If you haven’t used an item in over a year, it may be time to sell it. As Ramsey says, “One or two good garage sales and some online sales could clear out the clutter AND get you out of debt.” Selling off unwanted goods can generate money to pay off debt, lower storage expenses and encourage more deliberate spending.



Source link

LATEST POSTS

Donald Trump net worth: How rich is the next US president?

Donald Trump has returned to the White House for his second term as the 47th US President after winning the 2024 election...

S&P CoreLogic Case-Shiller Sees 4.2% Annual Gain in August

“Home price growth is beginning to show signs of strain, recording the slowest annual gain since mortgage rates peaked in 2023…As students went back...

Bank of England rate cut: Bank of England cuts main interest rate by a quarter-point to 4.75% but sees higher inflation after Reeves’ budget

LONDON, - The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely...

Trump win impact on India: With Trump win, India open to freeing up market access for U.S. firms: Sources

India is open to offering easier market access for U.S. firms if Washington reciprocates under President-elect Donald Trump, who has long called out New...

Most Popular

spot_img