You can criticize common sense advice from here to the gutter, but bottom line, most people don't live it. Dave can get those sidelined by life back on track. Without going on and on, this step-by-step, practical system can save your financial life, and maybe even some important relationships in the process.
I recommend this book to anyone who is not a millionaire i.e., everyone. It has a kind on rediculous AM radio style but it really shows you that spending all your money on consumer products and using credit cards is bad news. The book gives you a reasonable plan to get out of debt and start saving money. I was inspired to do just that.
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Great audio book. Both my wife and I listened to the CD a couple of times. While not much earth shattering very encouraging.
My kids too have had a laugh or two and hopefully they will choose a better path than Mom and Dad have.
We will be debt free in 39 more months! (Except for the home and we where in deep).
After listening to this audiobook, I was amazed on the quality of The Total Money Makeover philosophy. I agree with other critics that the audiobook demonstrates ideas and illustrations that are direct and blunt (not for wimps). This author deals with offering straight talk about personal financial management and taking responsibility one's financial choices. The author offers a five step plan that is practicial and easy to start.
I was sceptical about this book, but was I wrong! At first I was a little unsure, but as the book continued, showing the ways to eliminate debt, I was completely engrossed and have now started my "Total Money Makeover". Simple guidlines and advice combined with real world examples, make this book a must for anyone battling to get out of the debt trap!
I wish I'd read a few of the reviews here a little closer. I think that the message here is very relevant for a lot of people, especially in terms of breaking habits, but I really don't need to be quoted scripture and told that I'm doing this because the bible says so. I'm assuming that Dave might think that this encourages middle (i.e. Christian right) America, but it simply grates on this overseas listener.
I agree with the basic principle though, and look forward to being a happier financial person simply due to the lack of worrying about money!
only few tips are useful, most information are out of date, and useless.... 401k is a money trap, arther was wrong about many "money making tools".
Maybe... If he/she was in debt and ignorant to the fact that debt is bad, I might recommend this book to them. This is a good book for people that need a reminder on debt and its consequences but it's not for everyone.
Not anything from self-acclaimed financial "experts."
He is a radio show host and he read the book like he was doing a radio show. A bit slow for me... I listened at 2x.
I don't have debt and mostly bought this audio book to find useful stuff for my friends that are in debt. It was more a motivational book than sound financial advice.
Dave Ramsey has obviously done a great job with his target audience, but he needs to realize there is no one universal financial advice that works for everyone, and he should be clear about that. Debt IS bad and that should be common sense but unfortunately it's not, and I'm glad there are people like Mr. Ramsey out there telling people to be careful with credit cards, and other types of debt, but his assumptions about investment is what worries me. It's great to be optimistic but his facts about the mutual fund returns are plain wrong! First of all, the historical average on index funds and mutual funds from 1926 to 2012 has been just about 6.5% (adjusted for 2% inflation)... not to mention the mutual funds fees you might have to pay (usually 0.50 to 2.5%). So his 12% mutual fund return that he repeats over and over are worrisome. It will lead the not so savvy investors to be overly optimistic and miss their retirement goals.
Everyone should take the advice from this book with a grain of salt. Yes, debt is bad... Yes, you should pay off your debt asap... Yes, you need to have an emergency fund... But you should NOT blindly follow just any investment advice! Do your own research and come up with a plan that fits your life and goals.
not sure. had some ideas but lacked specific. It assumes you make the median about of american income. What if not. does not go into a plane for those.
yes. He has a radio show that is ok.
for the rich
make him right a chapter for those in lower income field