Type of bind: Hardcover
Dewey Decimal Number: 332.024
EAN num: 9780670873616
ISBN number: 0670873616
Label: Viking Adult
Manufacturer: Viking Adult
Quantity: 1
Page Count: 270
Printing Date: January 01, 1997
Publishing house: Viking Adult
Sale Popularity Level: 403486
Studio: Viking Adult
Other books you might be interested in perusing:
Editor's Notes and Comments:
Product Description:
Get out of debt and stay out with the help of Dave Ramsey, recently seen by millions of Today Show viewers. His practical regimen, very first set forth by The Financial Peace Planner, which will be published by Penguin in January 1998. Loaded with inspirational insights that come from personal experience, this set of books is the most valuable purchase a debt-ridden reader can make.
User popularity level:
Rated by buyers 
-
The "Financial Peace Planner" is a soft-cover version with more interactive options (lists, graphs, do-it-yourself charts) than the hardback. If you like the Financial Peace series, just get the planner to get the full usage from the teachings.
Rated by buyers 
-
While no book can give you everything you need to know about finances, this one comes very close. After reading Total Money Makeover, I felt compelled to read this one because he consistently referred to it. I think I enjoyed this one better because put everything thing in a real doable format. He even gives you forms and letter for all major aspects of your financial life.
I like how he refers to the bible on certain points which shows that we are not the only ones who ever struggled with debt, low savings or foolish investing. This gives the book a sense of reality that most just ignore.
It is easy to tell that he knows what he is talking about because he speaks as though he and his wife had the same problems as we do. Though educated in finance, this is encouraging because if he can do so can we.
He covers a lot though with may reference which can seem over powering at times, but it shows Mr. Ramsey has done his homework.
I like his Pease Puppies at the end of each chapter which is a kind reminder of what each chapter was about.
1. Avoid Stuffits. Making your life less dependant on Stuff.
2. Plant seeds. Start you money growing by understanding compound interest.
3. Discover you own "power over purchase". You have the choice to purchase.
4. Find where you are naturally gifted- Enjoy where you work and work hard. Find work that makes you happy and you will always do it well.
5. Live substantially below your means. Though easily said then done; great advice.
6. Sacrifice now so you do not have to later. Can be tough to put off yesterday what you want, but it is worth it.
7. You can always spend more than what you can make. Don't. This is done by using credit.
8. The borrower is Servant to the lender; so beware. True and makes you wonder that we never believe this.
9. Check you credit report at least every two years. Everyone makes mistakes, so check it.
10. Handle Credit report corrections yourself. Most are easy and the credit reporting agencies must correct them.
11. Realize that the best way for delinquent Debt to be paid IS FOR YOU, not the collector to control you financial destiny. How often do we forget this?
12. You must save Money (the power of compound interest).
13. Use the "Keep it Simple, Stupid" rule of investing. Invest in what you know and are rather simple (mutual funds mostly).
14. Only people who like dog food don't save for retirement. So save, save, save.
15. Always save with pretax dollars.
16. Learn Basic negotiating skills for great buys. Great ideas for saving money for everything you purchase.
17. Learn where to find great buys (treasure hunt). Great buys are everywhere like flea markets and garage sales.
18. You must have patience to get great buys.
19. Communicate with your spouse about money. Lack of it causes divorce. She can also give you great insight.
20. Teach the children!
21. Listen to your spouse's council (women's intuition). Men have it too.
22. There are few "ole" fools- Seek experience counsel.
23. You must keep your check book on a timely basis. Surprising how most people don't.
24. Lay out in written detail of a cash management plan. Written budget and cash flow statement.
25. Commit to the plan for ninety days. Give the plan a chance to germinate.
26. Take time to prioritize you life.
27. Keep your spiritual life healthy.
28. Take baby steps- Prioritize your plan and move slowly. (read total Money Makeover for this detailed plan)
While this may seem daunting, but making some simple changes to your financial life, you can achieve great success.
I gave this 4 stars because Amazon does not allow for me to give it 4 1/4 stars because there is a wealth of information in the book and spiritualness of the book, but there were some problems that I could not deal with perhaps because of ignorance or lake of understanding. I would recommend reading this book before you read Total Money Makeover.
Enjoy
Rated by buyers -
This book is an excellent starting place if you're picking up your very first book about personal finance and getting out of debt. Ramsey does an excellent job explaining what debt really does to you financially and emotionally. He also offers a very simple plan for managing your debt and building a plan that anyone can follow to get out of it.
If this is not your very first book about personal finance, however - skip this one. It's mired in the basics and goes over them in excruciating detail. Ramsey has nothing to say that Suze Orman and his competitors haven't already said -- with the exception of who his target audience is. Ramesey lives in a world with white picket fences where the husband works, wife doesn't, and the 2.5 kids never get into worse trouble than the occassional baseball through a broken window. In this book, Ramsey explains why it may not make financial sense for your wife to work as well as "you," for example... This model works great if your wife is capable of making only $18,000 a year, and she'll spend $100/mo. on clothing and $45/mo. on dry cleaning from that salary. Who are these people? His point is valid, and if it gets you thinking, it's done its job. He's not writing for the world I live in, however.
If you're young, living toward the left wing, or not kept awake at night wondering whether your wife should work or stay home, I recommend Suze Orman's The Money Book for the Young, Fabulous & Brokeinstead as a great very first step on your journey to financial empowerment.
Rated by buyers 
-
I actually had this book in 1993 when it was self published the principles in it showed me how to go from being totally broke and $50,000 in debt to now having a net worth of $150,000, this is also after going through a divorce where I lost 50% of my net worth.
This is financial step one:Start the journey.I have also been listening to Dave Ramsey on the radio since he started in Nashville in 1993. His common sense information is why I have a 6 figure 401K, and have had financial peace over the past 13 years. He taught me what my parents should have about personal finance. This is a great beginners book in personal finance,it can show you the way out of debt and into prosperity. Here are some of the rules:
1). Never have a car payment
2). Do not use credit cards
3). Get a mortgage of less than 25% of your monthly net income.
4). Have 3 months of expenses saved
5). Get a career you love not a job
6). Tell yourself and yout family NO to things you can not afford
7). Contribute 15% to your 401K
8). Live on a budget
9). Live on less than you make!
10). Work two jobs until you are out of debt.
It is worth the price you pay short term for the long term peace.
Rated by buyers -
This book has literally changed our lives. I give this as a wedding gift (w/some cash) for many young couples. But, young or old, the practical steps given in this book can change your life!
Ramsey is blunt, but caring. He provides hope when things look the worst. He's lived through bankruptcy and loss of everything, and he shares his story to show how changes in money management can impact you. Written in easy to understand language and terms. Should be required reading for all high school students! (but, it's not too late for the Baby-boomers.) Ramsey is a true teacher.
Find other books like this one:
