Knowledge will not change behavior. Most of us know that debt is not a good thing; most of us know not to spend more money than we make; most of us know that money does not grow on trees. And yet, too many of us spend money as if we have that money tree in our backyard. We just cannot say no when it comes to spending money. This is precisely why the knowledge of such things will not change our behavior. If we truly want to experience the freedom of a debt-free life, we must practice it! I was told early and often while playing sports that “practice makes perfect,” and it is true. Whether on a ball field, in a classroom, at the office, or with your finances, practice makes perfect. Our financial situation will never change unless we are willing to put wisdom into practice.
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