There's one sure way to whip your finances into shape, and that's with ' The Total Money Makeover: Classic Edition'.īy now, you've heard all the nutty get-rich-quick schemes, the fiscal diet fads that leave you with a lot of kooky ideas but not a penny in your pocket. Okay, folks, do you want to turn those fat and flabby expenses into a well-toned budget? Do you want to transform your sad and skinny little bank account into a bulked-up cash machine? Then get with the program, people. He provides a bold approach to finance matters and gets to the bottom of money problems: you.If you will live like no one else, later you can 'live' like no one else.īuild up your money muscles with America's favorite finance coach.

Kathleen Elkins and Libby Kane wrote for Business Insider, 'Financial guru Dave Ramsey doesn't shower his readers with quick fixes in The Total Money Makeover. Jamie Johnson's review for Bankrate stated that, 'If you've been struggling with debt and need a step-by-step plan for how to pay it off, The Total Money Makeover gives you precisely that.' Invest 15% of household income for retirement.Īs of August 2017, over five million copies have been sold and the book has been on The Wall Street Journal bestsellers list for over 500 weeks.Save a proper emergency fund that is 3-6 months of expenses.Repeat until all debts except the house mortgage are paid off. When the smallest debt is paid off, add that money to the payments of the next smallest debt. Use any available money to pay as much as possible to the smallest debt. Make only the minimum payments on all except the smallest debt. This means to list all debts arranging them by smallest to largest amount. Get out of debt using the debt-snowball method.The book teaches the seven 'baby steps' to follow in order to achieve financial stability, planning ahead for upcoming financial events, like retirement, and shares stories of individuals and couples that have done so successfully using The Total Money Makeover.

The Total Money Makeover teaches how to get out of debt, how to budget, and corrects money myths. It proposes methods of getting out of debt, staying out of debt, and corrects myths about money.

The Total Money Makeover: A Proven Plan for Financial Fitness is a personal finance book written by Dave Ramsey that was first published in 2003.

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