No. of Recommendations: 11
Having said that ...I do think Dave Ramsey makes a valid point which is that people don't get rich because of getting back cash on credit card purchases or doing 90 days same as cash purchases. At the end of the day, those are little things that have no significant impact on wealth building. I think he would think that focusing on them is focusing on the wrong things and distracts from the main ways to make money.

I think, though, that people who pay attention to the small details such as getting cash back on a planned purchase for a bit of additional savings may also pay more attention to other large and small details in their financial lives, and may therefore end up being wealthier.

I think that such discipline can help in all aspects of a financial life, and that is important.

I find that I prefer cashback cards because it effectively drives prices down, and that's a way for me to save. Similarly, I'm likely to do things like turn off lights that are not in use and use a setback thermostat to get small savings on utilities. In the grand scheme of things, these aren't huge, but every little bit helps.

I will use the same discipline to manage my money where I may choose to use one bank over another for a better interest rate, or move to a different broker for lower commissions. Over the long haul and with large amounts of money, these things add up.

These are habits I've always had, and I think that simply not wasting money, which is what this sort of behavior translates to for me, I end up saving a whole lot more. And since these habits are also the ones that lead me to only spend planned, budgeted money, I'm also not paying interest on anything, and that gets really big in a hurry.

I may not reach financial independence because I do these small things, but I suspect I will reach it and stay there because of the discipline associated with such behavior because it carries over to many other things.

I've seen many financial ships wrecked on these boards from a multitude of small leaks. There's no reason to believe that a financial ship can't be helped by the opposite, which is small gains.
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