confess I didn’t just read this
book.I first read it about six years
ago.At that time I read it and thought “We
should try this”, but that is as far as it went.
December 2008 I read it again and decided to really give it a go.Little did I know at that time we would be
unemployed two months later, and stay that wayfor eighteen months.I had no
idea at the time I read it and decided to follow the plan that we would get
through that time of great financial inconvenience not only staying fairly
current on all our bills, but actually payoff some smaller bills as we
struggled financially each month.
next four years I have re-read this book numerous times and found guidance and inspiration every time I’ve needed
it.Today we have been free of using credit
cards for nearly four years, our indebtedness has dropped to less than half of
what we once owed.
If all goes
as scheduled we will be totally debt free, house and everything, in 18-24
months.All thanks to the guides offered
in this book.
itself is really an easy read where finances are concerned.I’m a math nerd and over the years I have
read numerous books on finances, investing and similar books.Quite frankly many of those books cause my
eyes to glaze over.They are so
technical, or preachy that I’ve often not finished some of them.Or I’ve gleaned one or two items from them
and ignored the rest.
Not so with “The
Total Money Makeover.”In it Dave Ramsey
takes you through the baby stepsof
becoming debt free.DR does not talk
down to you, but instead tells of his own personal trek from being in
bankruptcy with a wife and small children to being debt free and a millionaire.
On his radiotalk show he says he gives the same advice your grandma would give you, but he
keeps his teeth in.This type of humor
is throughout the book.
As he walks
you through the baby steps he gives personal stories of not only his family, but
of others who have followed the baby steps to gain financial freedom.
very beginning he leads you through the different stages of going from being a
slave to your creditors to total financial freedom.
the book with telling you in the introduction what this book is NOT about.It is NOT a “get rich quick” book.It is simple basic common sense.
As the book
progresses he dispels many money myths, and points out obvious things you would
not normally think of.A fine example of
this is have you ever considered why there are no Pay Day Loan, or Pay at the
Lot car dealerships in affluent neighborhoods?The answer is simple, those companies will charge you such high interest
and feed off the financially desperate.Often
they charge as much as 300% interest and no affluent person would ever pay
that, they wouldn’t be affluent if they did.So why should those who can least afford to pay it? He gives you
alternatives that you can do for free or near free to avoid such places.
walked through the steps of setting up a budget, how to get current on your
bills, common sense on what bills should be paid and in what order.Most importantly how to deal with the
financial bottom feeding bill collectors. I will not lie to you, it is not going
to be easy every step of the way.The
very first baby step is to put $1,000 into savings for an emergency fund.For some of us that is extremely hard to do,
but he givesyou suggestions on how to
get that $1,000.
thing is once you get that $1,000 you realize a certain sense of freedom.You have a cushion, a safety net.You will also find you guard that $1,000
furiously.What once beforeyou perceived as an emergency, becomes an “I
want” and will often become an “I can wait on it, until there is money in the
there will be times, as in our case, the hot water tank went out before our
household repair sinking fund was fully funded and we had to use part of the baby
emergency fund to have hot water for showers.
course, put us back on baby step one temporarily,
but we found the second time we had to fund the emergency fund it was
As time goes
on he walks you through snowballingyour
bills toward being debt free and beyond your bills to plan for a future of
if they follow the book, will be debt free in two years or less.Our journey was of course slowed down by our
debt load, by being unemployed for
eighteen months, followed by employment that was 25% less financially than we
had previously enjoyed. I will also
admit that we have not been gazelle intense the entire time.Hey, we’re human!
write volumes about what I’ve learned along the way from the writings in this
book, but it would be better if you read it yourself.
I must add
one thing here.One person, who was on
the verge of losing their home, I suggested this book to angrily told me I was
a fool for following it, that the only way such books help anyone financially
is the author who sells the book, and all the add ons that could go with
it.Today that person still has their
home, but only because a family member caught the loan on it up for him and
they are still struggling to put food on the table.
have spent ZERO money to do the plan in this book.I originally checked it out of the library
for FREE.Later a good friend gave me a
copy of the book as a gift so I wouldn’t have to keep re-checking the book from
the library.I listen to the Dave Ramsey radio show both on my computer and on my radio for FREE.I get emotional support for free from the
folks on the Dave_Ramsey_Debt_Beaters@yahoogroups.com. My family and I follow the plan for FREE
and as a result we are becoming FREEEEEEE from debt.
Yes, DR does
sell books, he does sell cds, cash envelope wallets, and numerous other things,
but you do NOT have to buy any of it to follow the plan set forth in the book.You can be free for free. All you have to do
is read the book and follow the baby steps.
Jan who says
the smartest thing she ever did financially was to read Dave Ramsey’s “Total
Money Makeover” and follow the plan in OK