[ EPUB ] ✰ The Total Money Makeover: A Proven Plan for Financial Fitness Author Dave Ramsey – Shiningweb.info

The Total Money Makeover: A Proven Plan for Financial Fitness Recently, a good friend of mine who knew that I had read this book asked me whether or not I found it helpful This friend has struggled with managing her personal finances and is drowning in credit card debt She was feeling pretty hopeless and was worried that she d never be able to take care of her bills and set enough aside for retirement Rather than go into the ins and outs of the book, I downloaded the audiobook version and we listened together while working on paperwork during the work d Recently, a good friend of mine who knew that I had read this book asked me whether or not I found it helpful This friend has struggled with managing her personal finances and is drowning in credit card debt She was feeling pretty hopeless and was worried that she d never be able to take care of her bills and set enough aside for retirement Rather than go into the ins and outs of the book, I downloaded the audiobook version and we listened together while working on paperwork during the work day Honestly, I just didn t think I could communicate the underlying message of the book without coming across kind of preachy This provided a nice way to share the major concepts of the book with her, while providing a strong reminder for me.As you can imagine, personal finance isn t exactly the most entertaining topic That is especially true when the take away message is to exercise restraint and behave responsibly Nobody wants to face the fact that we are to blame for our own financial situations It is far less painful to blame somebody else for the damage we do to ourselves.That being said, I really like Dave Ramsey s common sense approach He tells some hard truths and forces you to take a long, hard look in the mirror If you re looking for excuses or a pity party, you won t find it here He is brutally honest Sacrifice today for wealth tomorrow is idea There is no get rich quick scheme presented, just old fashioned wisdom Essentially, his advice is to turn back the hands of time and handle money the way my grandparent s generation, and the generations before theirs, did Don t spend money that you don t have Save for future expenditures Quit trying to keep up with the Joneses It s that simple.Of course, he does provide guidance for how to get out of debt if you ve already accumulated it His personal story of bankruptcy and how he was able to turn around his finances was inspirational He made it clear that anyone could do it, but they had to be willing to work hard and make some sacrifices Most importantly, they would have to evaluate their attitudes toward money and be willing to make some changes in their behavior.Although I m not a very religious person, I wasn t bothered by the bible verses that were interspersed throughout the book Some people might be put off by that, but it wasn t an issue for me Clearly, his religious views are an important piece of his identity For people that arespiritual than I am, this might prove to be a great source of inspiration It was neither here nor there for me.All in all, I think that this is a great book It didn t feel gimmicky or too good to be true There were no promises or schemes presented It was just good, sound advice for eliminating debt and living within your means In fact, I ll probably make my children listen to this as they get older I m planning to purchase the book he wrote with his daughter that is geared toward children as well Might as well start early.Check outof my reviews at www.bookaddicthaven.com If You Will Live Like No One Else, Later You Can Live Like No One ElseBuild Up Your Money Muscles With America S Favorite Finance CoachOkay, Folks, Do You Want To Turn Those Fat And Flabby Expenses Into A Well Toned Budget Do You Want To Transform Your Sad And Skinny Little Bank Account Into A Bulked Up Cash Machine Then Get With The Program, People There S One Sure Way To Whip Your Finances Into Shape, And That S With The Total Money Makeover Classic EditionBy Now, You Ve Heard All The Nutty Get Rich Quick Schemes, The Fiscal Diet Fads That Leave You With A Lot Of Kooky Ideas But Not A Penny In Your Pocket Hey, If You Re Tired Of The Lies And Sick Of The False Promises, Take A Look At This It S The Simplest, Most Straightforward Game Plan For Completely Making Over Your Money Habits And It S Based On Results, Not Pie In The Sky Fantasies With The Total Money Makeover Classic Edition, You Ll Be Able To Design A Sure Fire Plan For Paying Off All Debt Meaning Cars, Houses, Everything Recognize The Most Dangerous Money Myths These Will Kill You Secure A Big, Fat Nest Egg For Emergencies And Retirement Buy it, live it An amazing system that s not a system just living within one s means Worth the investment many times over I read Financial Peace years ago We tried to live the plan, but looking back we could have done a lot better The Total Money Makeover takes the same plan and breaks it down intodetailed babysteps This REALLY works We ve had our 1000 emergency saving account for years now and have hardly had to dip into it because we really think through what an emergency is Most of the time we have been able to wait a few weeks until the extra paycheck, tax return or a bonus comes through instead o I read Financial Peace years ago We tried to live the plan, but looking back we could have done a lot better The Total Money Makeover takes the same plan and breaks it down intodetailed babysteps This REALLY works We ve had our 1000 emergency saving account for years now and have hardly had to dip into it because we really think through what an emergency is Most of the time we have been able to wait a few weeks until the extra paycheck, tax return or a bonus comes through instead of using our savings The debt snowball really works I was amazed when I saw how much money is going toward our last debt It will only be a fewmonths to get it paid off Yes, we did stop retirement for the past year it was a simple form to fill out at work and only took a couple minutes The money that was previously in our IRA is still growing, but we re not adding to it right now When that debt is gone and we have our 3 6 month savings we ll start it up again What doesn t make sense is having debt when you retire and using your money from your 401K IRA to pay off the debt.This book is just common sense in a big way There is so much peace in being in control of our money and our marriage is so much better because we have GOALS that we plan together This book is a great gift for college graduations and weddings We buy it on Dave Ramsey s website when it goes on sale for 10 a copy.Update June 2018.I wrote the original post Jan 2008 We still follow this plan We ve been debt free for the past 10 years no credit cards for even longer My husband started his own company debt free and has never borrowed money for it We paid for six vehicles in cash a dave car for my husband, a family can, then a truck to replaced the Dave vehicle, one replaced the worn out family vehicle, the others are the high schoolers and a college car Currently have 4 good running, paid for vehicles We have paid college tuition, missionary support and cash flowed a wedding Our only debt is our house It will getattention after our children are grown We ve been amazed at what we can do by being intentional and planning large purchases, vacations and budgeting This book is great for those who are in debt because of overspending Unfortunately Dave Ramsey groups everyone in the same category with the undisciplined, regardless of their background He uses unrealistic examples of people having a mortgage of 50,000, or someone paying 250 month for a small apartment while paying off debt He uses examples of young people in their mid twenties making 50,000 a year These are completely unrealistic numbers in most regions of the country.He proudly says th This book is great for those who are in debt because of overspending Unfortunately Dave Ramsey groups everyone in the same category with the undisciplined, regardless of their background He uses unrealistic examples of people having a mortgage of 50,000, or someone paying 250 month for a small apartment while paying off debt He uses examples of young people in their mid twenties making 50,000 a year These are completely unrealistic numbers in most regions of the country.He proudly says that his business is debt free Dave Ramsey is not a dentist or a chiropractor or a manufacturing business owner who would need expensive equipment to run his business.He fails to understand that many people grow up in poverty and are always just barely keeping up with their bills They may have a mentally ill spouse or child People face unfair lawsuits, unemployment, death, and other tragedies in life His self righteous response is that you should have had your emergency fund in place before these things happened.Many of us are college educated, frugal, and self disciplined We don t pay for manicures, we cut everybody s hair in the family, we don t buy meat, our vacations are mini vacations within an hour s drive from our home, we drive 15 year old cars, and we live in a small condo.Perhaps his most arrogant statement is that there is no excuse to retire without financial dignity in the United States today If you are educated, hard working, disciplined, and understand how money works, you will waste your money on this book You can learn a lotabout money and compassion from Suze Orman than from Dave Ramsey Buy a book by Suze Orman instead Listened to the audio version of this book This book is an insult to the intelligence of any rational human being who has even the slightest notion of what personal finance is all about Full of filler, fluff, weak sauce stories trying to be inspirational Let me tell you in one sentence what this book took over 200 pages to tell Take personal responsibility for your finances and start living within your means you ll be happy and wealthy eventually because of it.Don t read this book I probably should have given this bookthan three stars, because it s a good start to figuring out a critical piece of the financial puzzle getting out of debt This book is debt centric, so, if you re in debt, then yes, you really should read this book.However, while focusing on getting out of debt is a crucially important step of freeing up your income because if the money you make every month is spent every month, you re not financially fit , there are many aspects of your financial se I probably should have given this bookthan three stars, because it s a good start to figuring out a critical piece of the financial puzzle getting out of debt This book is debt centric, so, if you re in debt, then yes, you really should read this book.However, while focusing on getting out of debt is a crucially important step of freeing up your income because if the money you make every month is spent every month, you re not financially fit , there are many aspects of your financial self that are not addressed in this book And, while Mr Ramsey would probably tell you that these aspects of your financial self can wait until you re out of debt, I don t think it s wise to procrastinate an awareness of your financial whole.This is not to say that you should rationalize being in debt and or put off getting out of it and Mr Ramsey has a sure fire way of doing that So, to the person in debt, the book does contain a money makeover plan just not a total money makeover plan.If you want a money makeover that is total, you can combine this book with others or my sister, Taibi, has recommended a book called Making the Most of Your Money, and she says it is a total guide to managing money I m going to read it myself, soon, and I ll let you know how I like it.Other books I would recommend about money Money Harmony by Olivia Mellan, and Secrets of the Millionaire Mind I ll post reviews of those separately This book is a great step by step plan to help you get control of your finances by walking you through the 7 baby steps.1 Small Emergency Fund of 10002 Pay off all debt except house with debt snowball3 Fully Fund Emergency Fund to 3 6x of living expenses4 Invest 15% of income for retirement5 Fund kids college fund6 Pay off mortgage7 Have fun, give and investDefinitely a must read and the companion website www.mytotalmoneymakeover.com is hands down the best most practical website I ve eve This book is a great step by step plan to help you get control of your finances by walking you through the 7 baby steps.1 Small Emergency Fund of 10002 Pay off all debt except house with debt snowball3 Fully Fund Emergency Fund to 3 6x of living expenses4 Invest 15% of income for retirement5 Fund kids college fund6 Pay off mortgage7 Have fun, give and investDefinitely a must read and the companion website www.mytotalmoneymakeover.com is hands down the best most practical website I ve ever seen from making a budget to tracking all your goals to forums and plenty This guy s claim is basically that the key to accumulating a lot of money is to 1 become debt free, 2 save a sizeable nest egg 3 10k for the big emergencies that typically send people into debt in the first place, and 3 put the rest of your savings in mutual funds He s particularly insistent that you suck it up and drive old cars that you ve paid cash for rather than make payments on a new car Good advice, but it would help if he offeredinsights on how to follow it, especially sin This guy s claim is basically that the key to accumulating a lot of money is to 1 become debt free, 2 save a sizeable nest egg 3 10k for the big emergencies that typically send people into debt in the first place, and 3 put the rest of your savings in mutual funds He s particularly insistent that you suck it up and drive old cars that you ve paid cash for rather than make payments on a new car Good advice, but it would help if he offeredinsights on how to follow it, especially since he seems to think that even those deeply in debt can achieve steps 1 and 2 in a year or two He uses a lot of catch phrases like live like no one else and save with gazelle like intensity but somedetails would go a long way


About the Author: Dave Ramsey

Dave Ramsey, the nationally syndicated radio host of The Money Game and bestselling author, has helped thousands through Financial Peace University a 12 week financial planning program He presents seminars in churches and corporations throughout the country He holds a degree in finance and real estate and lives with his family in Nashville Tennessee.


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