this book is really targeted at people with lots of debt and financial problems. Although there are some good tips for everyone, the main focus is on how to get out of debt.
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Great book! He gives you clear instructions on how to get out of debt. Good motivation for people who don't know where to start. Well worth the credit!
This is one of the best audiobooks I have listened to so far. The money management strategies are valuable for anyone, whether or not they consider themselves to already have a solid grip on financial management. There is something for everyone.
Dave Ramsey's narration is compelling. The way in which he conveys this book, which might be considered a dry topic to listen to, is dynamic and engaging.
It has been less than a week sense my wife and I have listed to Dave's book and it has already changed our lives and how we look at our finances forever. Within these few days we have paid off almost $3,000 in debt with money that was "just laying around the house". We had no idea how good it would feel to break free from being a prisoner to some of that debt that we have been paying on for years. It is so liberating to finally take charge of our money and actually have a plan. We have listened and read many financial books in the past but NOTHING and I mean NOTHING has gotten us this excited. It has actually given us more hope than we have ever had about changing our financial future. My wife and I have even grown closer because we are working on our finances together as a team for the first time. Every day we get more and more fired up about "The Total Money Makeover". We will never look at money and debt the same way again. If you are reading this review trying to decide if you should buy this book, DO IT AND DON'T WAIT! This book is worth every penny and then some. If you are ready to take control of your life and ?live like no one else? get started right now.
Mr. Ramsey makes quite a bold statement when he says you should invest in a 12% "Growth Stock" Mutual Fund rather then take the 7% Prepay option (when it comes to financing college). He fails to inform the listener about 2 threats to your investment. In first line, a Mutual Fund comes with a range of various expenses that will dramatically impact your real rate of return, referred to as the Expense Ratio. Second, there is absolutely no guaruantee that you will receive 12% in any given year, not to mention, 4 years in a row (average college duration)! If you are already stuggling financially, pick the guaranteed 7% saved by paying for college in advance.
Overall the audible is decent; focuses on the -mentality- of money management but lacks the -technical/factual information- needed for effective longer term plans.
The narration/reading of this book made me wonder if it was written in all capitals and italics. While I appreciated the information/ideas shared by the author, I didn't appreciate him yelling at me. I understand he's trying to motivate, but the intensity of his voice was just too much.
Aside from the seemingly random outbursts of yelling, Mr. Ramsey does a fine job of explaining basic budgeting and debt management. If you know how to do both of those things already, don't read this.
I have always made sure to payoff credit cards monthly or stop spending to not build up debt. I picked up this book to see how I can advance myself financially. Reading this book I realized I was already doing many things right. The confirmation felt really good. The step-by-step instructions were helpful to ensure you don't loose focus. This book has greatly motivated me to take control of my 'financial fitness'. I plan to teach this to my nieces once they are old enough.
The baby steps to achieving financial fitness.
The book is targeted towards people with high debt. I understood that some points had to be drastically emphasized in order to make them effective at all, but at times I found the emphasis a bit insulting.
An extreme and excellent way to view financial matters and decisions. Totally worth the read. If you're looking ate this review you should also read the book!