The Total Money Makeover A Proven Plan for
October 17, 2009 by admin
Filed under Debt & Credit Free
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The success stories speak for themselves in this book from money maestro Dave Ramsey. Instead of promising the normal dose of quick fixes, Ramsey offers a bold, no-nonsense approach to money matters, providing not only the how-to but also a grounded and uplifting hope for getting out of debt and achieving total financial health.
Ramsey debunks the many myths of money (exposing the dangers of cash advance, rent-to-own, debt consolidation) and attacks the illusions and downright deceptions of the American dream, which encourages nothing but overspending and massive amounts of debt. Don’t even consider keeping up with the Joneses, Ramsey declares in his typically candid style. They’re broke!
The Total Money Makeover isn’t theory. It works every single time. It works because it is simple. It works because it gets to the heart of the money problems: you.
A must read!
Rating:5 out of 5 stars
This is one of the best books and best time you can invest that will provide a return for years!
Learning to deal with money
Rating:5 out of 5 stars
this book is excellent! it shows that all it takes to be financially responsible is discipline and maturity to forgo automatic satisfaction, for a better brighter future. It gives you a clear path to fix the mess you made with your money, not an easy one, but clear enough for anyone to understand. Who doesn’t want to be able to say, I don’t owe anything to anyone?? I sure do.
Good Financial Health Book
Rating:4 out of 5 stars
The author presents a total money makeover in a few “simple” steps.
1. Save $1000 for emergencies
2. Create a debt snowball plan – make minimum payments on all debts and focus on paying off the smallest debt first.
3. Save a 3 to 6 month emergency fund (based upon monthly expenses)
4. Invest 15% of gross income
5. Save for college (ESA plan first, then 529 – $2000 per year)
6. Payoff Mortgage
7. Have fun – invest – give
Those are essentially the steps. Follow each one in order and don’t move on to the next until you complete each step.
Overall, I agree with the author. There is no better plan for personal finances. However, that doesn’t mean there aren’t other plans that are equally as good. I do believe that if you follow his steps, you will eventually be debt free and living a healthy financial life.
One thing I didn’t like about the book was the number of times the author said he was a millionaire, lost if all and is now a millionaire again! Seems a little egotistical to me.
I also found the customer testimonies annoying. They all seemed to praise the author, how great he is and how much they love him. Blah Blah Blah. I realize some testimonies are good and necessary, but I think most of them simply feed the author’s ego and fill his book!
Overall, I would recommend this book and this plan for anyone wishing to get in shape financially.
Total money makeover is awesome
Rating:5 out of 5 stars
This is a wonderful book to read. I think everyone should read it. It tells you step by step what to do with your debt and it really works!
A Life changing book
Rating:5 out of 5 stars
If you think you know a lot about money… think again. Dave’s book showed me where I was wrong, when that happened and especially what to do to get out of (now the dreaded word) debt. If you read these reviews you basically admit you’re one of us, the people who fell for the buy now, pay later mentality. We know it’s wrong but we continued to do it. There is hope! Yes, take heart and read, read and read again this book. It’s got all the info you need to get out of it. We are on our way to Freedom, freedom from making others rich and us poor. There is a lot more there so you need to check for yourself. Thank you, Dave. You da’ man!