What We Read The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey
SYNOPSIS
In financial guru Dave Ramsey’s cornerstone book, The Total Money Makeover, Ramsey lays out a proven plan for financial health, with the goal of becoming “Debt Free.” Outlining seven “baby steps,” the book takes Ramsey’s decades of experience in creating financial stability and makes it accessible to anyone. WHY READ IT
When it comes to creating financial stability, few accomplishments can have as much impact as paying off overhanging debt. And when it comes to paying off that debt, few others have the clout that Dave Ramsey does. By taking the plan step by step, Ramsey ensures that the path forward works for everyone — no matter how big the mountain of debt, or how much progress you can make each month.
THE FINAL WORD
If you’re looking to pay off debt and get out from under the weight of your
A S P E C I A L TA K E AWAY
monthly bills, the Total
Although “Pay Off Debt” is technically only one step (Step
Money Makeover is a great
#2 of the 7 Baby Steps), creating a debt snowball is one
start. For an even deeper
of the most effective ways to pay off debt — quickly and
understanding — put into
consistently — and it actually consists of as many steps
practice — find a local
as you have owing accounts. Essentially, you’ll pay off the
organization that teaches
lowest balance first, then add that monthly payment to the
Financial Peace — a
monthly payment on your next balance, continuing to pay
program built off the same
off and add those payment dollars to the next balance. As
foundational principles of
the balances get larger, so does the snowball!
this book.
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