Radio talk show host and money maestro Dave Ramsey shares his sure-fire baby step method to financial security. He also debunks money myths and explains how commonly held beliefs about money and debt actually enslave American consumers. At the end of the book, Ramsey offers worksheets to help readers work out a budget and implement the principles covered in his book.
As Ramsey himself states at the beginning of this book, this is not a get rich quick book filled with information that can not be found elsewhere. Instead, it is a common sense approach to getting rid of debt by paying it off and not allowing it back into your life.
I think this book should be a required read for anyone undergoing credit counseling, going through a bankruptcy, or for high school seniors before they leave home and enter college. A lot of the information is common sense or easily figured out if you just spend a little time thinking about what is really important in life. However, the majority of American consumers either don’t have this insight, or just choose not to exercise it!
What I found most helpful about this book was the myth debunking section. It is funny how misconceptions that are repeated often enough from a variety of sources eventually become “facts”. I loved how Ramsey played on the names of different credit cards or financial terms to help readers easily remember why they should not even be considered by anyone wanting to be financially healthy – for example, a car “fleece” instead of a car lease, and Social Insecurity. He has an engaging writing style that makes the potentially dry topic of money management an interesting, quick read. This book doesn’t take that long to read, but can be life-changing if families take the time to implement the Baby Steps.
I also really liked the way Ramsey offers hope to everyone, regardless of their age or economic level. He shared stories of all different types of people that utilized his strategies to become debt free. The chapter focusing on educating children on beginning with a solid foundation was good, too.
As I read back over this review, I see myself saying over and over, “This was good and that was good”. Obviously this was a good book with a lot of helpful information. I can’t think of anything really critical to say. If you desire to have financial freedom, walk through the steps of this book. If it doesn’t bother you to look into the future and see years and years of making payments to banks and other organizations making them richer while you continue to get by without a solid financial plan, then spend your reading time on something else. But again, this book can provide you with the tools to financial freedom through common sense and delayed gratification, so check it out if that is something you are interested in.
I received a complimentary copy of this book from BookSneeze in exchange for my honest review. All opinions are my own.
- Dave Ramsey’s Total Money Makeover book (fiscallyfitchica.com)
- Living Debt Free – Dave Ramsey and The Total Money Makeover (remembertolivewithpassion.wordpress.com)
- Dave Ramsey Giving away $7,346.00!!! (delirioushousewife.com)
- Three Books that Focus on Money (resourcesforus.wordpress.com)
- Dave Ramsey (mindbodysoulblog.com)
- 31 days – fall 2013 – goal setting (atwelladventures.wordpress.com)