Where Financial Peace gave you the solid saving and investing principles, this book puts those principles into practice. You'll be exercising your financial strength every day and quickly freeing yourself of worry, stress, and debt. And that's a beautiful feeling.
©2003 Dave Ramsey; (P)2003 Thomas Nelson Publishers
"The strength of this book is that it is a straightforward motivational tool. He provides the brutally direct truth about the hard work it takes to become free of debt, and his directness is a great part of the book's charm." (Publishers Weekly)
I see a lot of negative reviews of this audio book. I disagree with them. I think people generally don't understand how they waste their hard earned money by living outside of their financial means, and yet they feel like it's not their fault. This book demonstrates how we mislead ourselves. His approach is definitely direct and simple, but his style in unconventional. Yes, saving money is a simple formula, but this walks you through the essentials. Very solid. Highly recommend.
Dave Ramsey's advice is simple - so simple it is apparently mind-boggling to many of the reviewers who attack it. To succeed with money you must spend less than what you bring home. Period. To spend less than you make, you must plan your budget each month and name every dollar. Period. Borrowing money other than for your house is stupid because the interest you pay destroys your ability to build wealth.
Dave tells you like it is. He won't get you rich quick, he won't offer a secret recipe for lifetime fulfillment. He just tells you to get up off your butt and take care of your money with the same passion that you might cheer for your favorite sports team! If you can't handle some straight, in-your-face advice, his book isn't for you. If you are ready to deal with the real problem with your finances - you - he is well worth your time.
I also highly recommend his 13-week class - even more than this book, quite honestly. But if you aren't sure you are ready for his class, the book is a great start.
This audiobook changed my life. It completely changed how I look at money and helped me set goals that will help us get to where I want to be: financially independent. Now me and my wife are debt free, thanks to Dave, and we share his hatred for it. We are now so much better off than we were and now we're using all the money we were paying on debt to build wealth. Amazing. It is simplistic. But it isn't easy. "Debt gives the illusion that you are winning."
A college educated man who wants to actually be wealthy instead of pretending to be so.
Great read. Main discussion is all about NEVER using credit and he talks about how to do this very well. The only question that I had thought was he states for 30 seconds to not file for bankruptcy and does not give reasons why (I know it wrecks your credit). My main confession is that if we are never to use credit.....then why is filing for bankruptcy so bad. Wish he would have discussed more on that topic.
I have read a fair share of personal finance books. One question I've always had was do I pay off my debt first? before I invest? if so, what about a mortgage? Dave answers all these questions and more. Best book on personal finance I've ever listened to.
This purchase is worth for just the few amazing quotes mentioned. Would pay $100 for this kind of info. Entertaining and also informative.
Say something about yourself!
This book changed my life and our financial situation. My wife and I have an entirely different way of dealing with our money. No more fighting. No more ignoring things. It takes work, but if you will work at it, it will work for you.
Are your credit card bills piling up? Are debt collectors calling you non-stop? If so, then don't call one of the bankruptcy attorneys or debt consolidators you see on the late-night TV commercials. Instead, listen to "The Total Money Makeover".
This book was truly life-changing for my wife and I. We've alway been what I would have considered financially stable with decent jobs, but no matter what it always seemed like we were living paycheck-to-paycheck, and we never seemed to make a dent in our debts. The Total Money Makeover really turned the light on for me. Dave Ramsey's approach to money management is simple and fool-proof, but it does take time and discipline.
After reading the book, my wife and I decided to take his Financial Peace University course. It really got down the nuts and bolts of the concepts outlined in The Total Money Makeover, and I would highly recommend it as well. It's been almost two years now since I first listened to The Total Money Makeover, but since then my wife and I have stopped using credit, we've paid off a significant portion of our debt, and we've also built up a nice emergency fund to fall back on.
Dave has been excellent through out this book explaining about the basics about finance management and the ruthless steps that needs to be taken to come out of debt. His explanations are logical and sensible to anybody across the world. This book is a must read for anybody who wants to win financially and become debt free.
I wish there was an unabridged version... but this is still a must have audio book. Excellent work Mr. Ramsey!! This book has changed my life.
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