In America, some people say money is what makes the world go round, while others say its what corrupts the world, but what's the true deciding factor? I believe it is the person who holds the money that makes the decision based on how wisely they use what they have, and it seems that that is also what Dave Ramsey, a personal money management expert, also thinks. In his book,
The Total Money Makeover, he shares some facts about the credit card debt, interest rates, and the industry itself. If the total American consumer debt is more than 2.7 trillion dollars, I would not agree with the thought that money problems are only for the poor. It seems that every family is dealing with having to borrow money to pay back someone else they borrowed from. It's all a vicious cycle that needs to come to an end, But how do we end it? Dave Ramsey seems to have the answer. "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." This quote basically says that making more money won't get you out of debt. The way to get out is all about the choices you make in spending whatever money you have. It's all about saving, and not spending on things that are not a necessity. Because of economic situations I have seen from family and friends families around me, I believe I have seen what not to do, and what to do with my finances in the future. I am grasping the fact that you need to set and live by your priorities and boundaries. After starting my first job last February, I have started good habits (such as putting half of my paycheck into savings) that I will set in stone to live by as an adult. Money factors into my future career path as a teacher in early childhood education. Originally I wanted to be a preschool teacher until I researched and realized that an elementary school teacher had a higher salary. Since they both were around the same path, I chose the one with the higher pay because it would be more beneficial. I don't think money SHOULD be a major consideration, but more that it HAS to be. It would be ideal to do exactly what you WANT to do, but sometimes we have to do what we HAVE to do in order to live a healthy, debt free life. It's all about balancing the profit you'll get and doing what you love to do. Working as an anesthesiologist would be great because of the high income, but I wouldn't enjoy it for I have no interest in the health care path.