Friday, June 2, 2017

Dave Ramsey's Complete Guide to Money


Title: Dave Ramsey's Complete Guide to Money
Author: Dave Ramsey
Released March 3, 2015
Bought from Amazon
Rating: 5/5

Summary

Dave Ramsey’s Complete Guide to Money covers the A to Z of Dave’s money teaching, including how to budget, save, dump debt, and invest. If you’re looking for practical information to answer all your “How?” “What?” and “Why?” questions about money, this book is for you. You’ll also learn all about insurance, mortgage options, marketing, bargain hunting and the most important element of all—giving. Now let’s be honest: This is the handbook of Financial Peace University (Summary from Goodreads).


Review

This is actually the first self-help book that I've read in its entirety, because the writing was easy to understand and this book made me feel excited, actually excited, to follow Dave Ramsey's Baby Steps.  Personal finance is a topic that interests me, but I often feel overwhelmed by all the information out there.  I'm always wondering if I'm really reading the right information, or if I'm getting sucked into a scam.

I don't even remember how I suddenly decided to look at Dave Ramsey's books, but I asked my dad if he's ever heard of him.  My dad meets the definition of Nerd in Dave Ramsey's book when it comes to finances, so when my dad told me he liked him, I thought this could be a good guy to learn something from.  You see, when I ask my dad about financial stuff, he just says "I'll get you set up right when you graduate college." But all I can think of is, God forbid, what if he dies tomorrow? I need to know this stuff now or I might not have anyone as financially literate and trustworthy as my own dad to teach me (okay, there are others I trust in my family, but my dad is my go-to person for advice).  I decided to read this book now so I can get some of my dad's input to verify what I was reading.

So, if you are in a similar situation as me, in college or starting a career with little knowledge of how to handle your personal finances, I think this book is an excellent starting point.  You don't have to follow his steps if you don't trust them, but it's great for learning the basic options out there for insurance, retirement, and mortgages.  Personally, I think the thousands of great reviews from the people he has helped is a testament to his advice.  His advice may seem simplistic, but I think over-complicating things is what gets us into messes in the first place.

One of the things that I really liked about Dave is that he stresses giving.  Although he presents it from a Christian perspective (as a Catholic this resonated with me), I think that giving is something that can make most people feel good about themselves and give some purpose to life. Not only that, but he challenges the notion that being financially well-off makes you selfish.  After all, you can't give to others if you have nothing to give!

After finishing this book, I felt empowered.  I'm a big-time worrier, so having a basic plan (the Baby Steps) to follow after college has eased my mind greatly.  If you don't want to purchase the book, but are curious about the Baby Steps, you can find information on his website. There are also several nice infographics floating around on Pinterest.

2 comments:

  1. My mom got me Dave Ramsey's CDs when I graduated college. Good stuff. We should probably try to pay off the house faster, but right now we have small kids (read: diapers are expensive) and have some home repairs that need priority. :/

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    Replies
    1. Yes, I imagine following his advice exactly is much more difficult with kids! I think that just knowing where your money is going puts you above a lot of people, so don't feel bad for what you're doing. :)

      Thanks for the comment, and happy reading! <3

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