What would you do if faced with a massive $4 million debt? There’s not an iota of doubt that the amount is significant and it might take many, many years to repay it. But there’s one thing that it would most likely teach you - winning at money! While most dream of retiring in their 40s, what they lack is not just financial disciple but a plan to go about.
A self-made millionaire, widely recognised personal finance expert, and a best-selling author - Dave Ramsey - has famously talked about the simple formula for winning at money. It is not how much one has, not where one’s investments are, and not even how high returns you are generating. It is simply behaviour and awareness and understanding in your head.
