If I were to sum up Dave
Ramsey’s Total Money Makeover book I would say that it helps you set up a good
framework to get yourself out of debt and back on a firm financial footing.
At the heart of the book is
his ‘baby steps to financial freedom’.
- Save $1000 in an emergency fund
- Start the debt snowball
- Save 3-6 months living expenses
- Invest 15% of your income towards retirement
- Save for the kids’ college
- Pay off your home
- Build wealth – invest, donate, enjoy life (without going into debt)
This book is consistently in Amazon’s top three financial books list. If you are struggling with debt, or if you are just starting life out on your own and don’t want to be in debt, you might want to give this book a read. The financial advice is solid and works. The motivational stories in the book tell of people who were in really dire financial straits and managed to pull themselves out of debt.
No comments:
Post a Comment