I’ve been a fan of Dave Ramsey for the past several years. There is a difference between being a fan and actually following through what he teaches. The plan is not difficult. It’s a matter of telling your money ‘where to go’ each month. It’s called a zero based budget. Every dollar has a name. It will take a few months to get it down.
If you want to get an updated version, buy this book and maybe gift the first book to a friend, co-worker, family member, or whoever might benefit. If you have even one credit card, then you need to read this book. Don’t be fooled by the gimmicks of free miles, points, and zero percent interest. It’s a trap. Recognize the trap and avoid it at all costs.
Throughout the book, there are stories that will inspire you to get out of debt. Mr. Ramsey debunks many myths including this one: Myth: Debt consolidation saves interest, and you have one smaller payment. Sounds true, right? The Truth: Debt consolidation is dangerous because you only treat the symptom. As Dave says, “Debt CONsolidation-it’s nothing more than a con because you think you’ve done something about the debt problem. You just moved it!”
In the back of the book, Dave gives you several forms that you can use in helping your family get out of debt including: irregular income planning, monthly cash flow plan, debt snowball, and more!
I highly recommend this book to people who want to live the true American dream and get out of debt so they can “live like no-one else” and be able to “give like no-one else.”
Disclosure of Material Connection: I received this book free from the publisher through the BookSneeze.com® <http://BookSneeze.com> book review bloggers program. I was not required to write a positive review. The opinions I have expressed are my own. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255 <http://www.access.gpo.gov/nara/cfr/waisidx_03/16cfr255_03.html> : “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”
Disclosure of Material Connection: I received this book free from the publisher through the BookSneeze.com® <http://BookSneeze.com> book review bloggers program. I was not required to write a positive review. The opinions I have expressed are my own. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255 <http://www.access.gpo.gov/nara/cfr/waisidx_03/16cfr255_03.html> : “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”
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