DAVE RAMSEY

Dave Says special edition: ‘Stuff’ just doesn’t do it

Dec 12, 2023, 1:00 PM

group of people appearing to share holiday gifts...

This holiday, try putting your energy on focusing on giving instead of receiving - the benefits work wonders. (Pexels File Photo)

(Pexels File Photo)

Most families have money problems at some point. And when I was a little kid, our family went through tough financial times just like everyone else. A job layoff can take your breath away. An illness can leave you completely broke. Little kids in the house may not know exactly what’s going on, but there’s stress in the air. They’re told, “Times are tough, so we can’t go on vacation this year,” or “We have to move,” or “Christmas is going to be slim.”

My parents were in the real estate business and were building homes. Then, the economy went sideways and left them in a mess. Outside forces brought trouble to our house. We never went without food, shelter, or anything else, but the air changed in our home. I always thought money would solve the problem, so I vowed that one day I would become a millionaire. I doubt I even knew what that meant, but in my head, I thought it meant money would never be a problem.

Believe it or not, I’m a spender by nature. I’ve always enjoyed spending money. Of course, when I was young and immature, that idea of spending for fun led me into the trap of thinking if I got enough Stuff, I would be happy. I would’ve never admitted it out loud, but there was also the stupid idea deep down that if I got enough Stuff, I would be happy and safe, or if I got the right Stuff, people would be impressed.

With that driving force, I went about the business of earning piles of money so I could spend piles of money. But a funny thing happened. The Stuff became . . . unsatisfying. There was never completion or peace after a purchase, only the need to buy more.

Stuff just doesn’t do it.

By the time I was 26, I was a millionaire making $250,000 a year. Not long after that, due to some really dumb business decisions, I went broke and lost everything. That was 30 years ago.

I also met God during this time, who did bring me peace and completion. I finally realized I was pouring Stuff down a spiritual hole, and Stuff is not designed to fill that hole. No matter how many cars I bought, or fancy dinners I ate, or cool places I traveled to, there was always something still missing.

During the following decades, we slowly began re-building wealth . . . this time while always giving. In the process, we discovered there’s much more joy in giving than in Stuff. If you haven’t experienced the joy of giving, there’s no better time to start than during the holiday season. Who knows? It might just be the encouragement you need to become a giver all year long.

Merry Christmas, everyone!

ENDORSEMENTS

Dave Ramsey

financial irresponsibility mom bad with money...

Dave Ramsey

Dave Ramsey says: What do you do when mom won’t behave with money?

Dave Ramsey advises a husband who is concerned about his mother-in-law's perceived financial irresponsibility and wonders what to do.

5 days ago

complex financial task money advice Dave Ramsey...

Dave Ramsey

Dave Ramsey says: Work out the details before launching a complex financial task

Got a complex financial task like setting up a safety fund or buying a new home on your list of goals? Follow these tips from Dave Ramsey.

12 days ago

monetary perspective financial changes lifestyle Dave Ramsey...

Dave Ramsey

Dave Ramsey says: Want to change your finances? Change your monetary perspective

Should you compromise your morals for a well-paying job or give up luxuries for financial freedom? Your monetary perspective is a game-changer.

19 days ago

Dave Ramsey on unemployment benefits....

Dave Ramsey

Dave Ramsey says: It’s morally OK for accepting unemployment benefits

A reader who recently lost his job is unsure if it's morally acceptable to take in unemployment benefits. Dave Ramsey gives his answer.

26 days ago

Dave Ramsey said "heart problems" can cause money issues. (Pexels File Photo)...

Dave Ramsey

Dave Ramsey says: Don’t be emotional with money. It can ruin your finances

Dave Ramsey says many people have a "heart problem," which is when someone's attitude toward money is emotional and not strategic.

1 month ago

Two people shake hands....

Dave Ramsey

Dave Ramsey says: Small businesses should not seek out investors

Financial expert Dave Ramsey shares his advice for small businesses looking to grow with investor support.

1 month ago

Sponsored Articles

...

Collins Comfort Masters

Collins Comfort Masters: Leading the Way in HVAC and Plumbing Services in Arizona

Tempe, AZ – Since its inception in 1985, Collins Comfort Masters has been a cornerstone in the HVAC and plumbing industry in Phoenix and the surrounding Valley.

...

Sanderson Ford

Sanderson Ford joining Arizona Diamondbacks during playoff race

The Arizona Diamondbacks are in the thick of the 2024 MLB playoff race and Sanderson Ford is going along on the ride with them.

...

Midwestern University

Midwestern University Clinic visits boost student training & community health

Going to a Midwestern University Clinic can help make you feel good in more ways than one.

Dave Says special edition: ‘Stuff’ just doesn’t do it