10 Book Reviews submitted by our Members...sorted by voted most helpful
Rondifer reviewed Financial Peace: Restoring Financial Hope to You and Your Family on
Helpful Score: 3
This book shows you how to reduce your debt with the "Snowball Method," create your own "envelope cash system," build your emergency fund, and follow the "Keep it simple, stupid" rule of investing. It's both an "easy read" and very helpful. Both Dave Ramsey and his wife provide a lot of insight.
This book really helps you grasp why living in debt is wrong!!!!!! The undue stress that you put on yourself CAN be lifted. Guidance is here!!!!!! Take it in the form of Dave Ramsey. It will do wonders for you.
Debbie Y. (StarTwinMom) reviewed Financial Peace: Restoring Financial Hope to You and Your Family on
this book is great!! everyone needs to read this book! teenagers! read this!! i give as newly wed gifts. it really straighten out our money and got us on the same page. we would not be in the mess this country is in if we all lived like this book!!
This is a great book. I did like the Total Money Makeover by Dave Ramsey better. This is a no nonsense, no gimmick, book with simple steps on how to get out of debt and stay out of debt. This book also tells the financial story of Dave Ramsey. He went into debt and then bankruptcy about 20 years ago and now he lives debt free.
The baby steps are simple, here is a glimpse of them:
Step 1: Save $1000 as a mini emergency fund
Step 2: List your debts smallest to largest (except for the mortgage) and pay minimums on all but the first one, pay as much extra on the first one until it is paid off. Take all that extra and the minimum of the first debt and start on the second debt. Do this until all the debts are paid off.
Step 3: Finish your emergency fund of 3 to 6 months of expenses.
Steps 4,5, and 6 you do together.
Step 4: Start retirement savings.
Step 5: Start college funds for the kids (if applicable)
Step 6: Pay off the house early.
Step 7: Get wealthy.
The book has a lot more information but this is just the basics. My husband and I have followed the Dave Ramsey plan for two years and we are almost done with step 2. This program has helped my relationship with my husband because we communicate more about money and other aspects of our lives. Anyone can do this plan. Don't let everyone tell you that debt is a part of life. It does not have to be.