The Total Money Makeover by Dave Ramsey is a classic text on how to eliminate debt step by step and why you would want to do such a weird thing.
The book is broken up into the seven baby steps which are:
* $1,000 Starter Emergency Fund
* Paying Off Debt with the Debt Snowball
* 3 to 6 months of Expenses in Savings
* 15% of Household Income to Retirement Accounts
* College Funding
* Pay Your Mortgage Off Early
* Build Wealth and Give
Dave not only give you instructions that work but also explains why he recommends doing things in the order given. There are several examples of families that have gone through the steps woven into the book so you can see that real people have made a real difference in their life.
I can’t say enough good about this book. It is a game changer for many people and I have seen the principles here turn on light bulbs for people through Financial Peace University. It is a common sense approach for managing your money written in a quick and easy to read style. It has budget worksheets in the book that you can use to help you along the way.
With all of that being said I will tell you that even following the plan the journey isn’t always easy. There will be difficulties here and there and when that happens you just have to keep pushing forward. I promise you it is worth the effort! I ordered my first edition of this book in 2010 somewhat by accident. When it arrived I read it anyway and it began a change that has lasted ever since in my family. It taught us how to be much more financially responsible and for that I thank Mr. Ramsey.
Lastly, this book is not for everyone. You really do need to be ready to take charge of your finances before this book will be of help to you. Also, in full disclosure, while I agree with 98% of what is taught there is that 2% that I think people need to make their own judgements on. That being said, his plan does work and I would recommend for anyone to try it and make adjustments where they feel it is needed in their own life.
For more information, other reviews or to purchase check out the book on Amazon.
*Note: I received a copy of this book at no charge in exchange for my honest review.*