Book Report #4

The Total Money Makeover by Dave Ramseytotal-money-makeover

In 1984 I purchased a brand new car. I took out a 60 month loan. An aversion to debt was instilled in me from childhood. I wanted to pay the loan off as soon as possible, so I always made bigger payments than were actually due. Every year I got a statement with the loan balance. One year the dollar amount was low enough I knew I would be able to pay it off very soon. I continued to make my monthly payments and some extra until by my calculations I was able to make that final payment. I walked into my bank, money in hand, and told the teller I wanted to pay off my loan. I broke into tears when the she gave me the pay off balance. I was crushed. Poor teller, she didn’t know what to do or say. She got a loan specialist on the phone to talk to me. That was when I learned that I should have specified  that the additional money be applied to the principle. In a few more months the car title was transferred to my name and I drove that car for 11 years.

I started listening to The Dave Ramsey Show because it was on during my daily commute. Though I am not the average American with debt up to my eyeballs, I found the show very inspiring and entertaining.

I’ve given The Total Money Makeover as  graduation and wedding  gifts because Dave offers very practical money advice. 2-diWhen I found a $2 copy at Deseret Industries I purchased it thinking another gift giving occasion may come up in the future. When I brought it home I decided to read it myself.

Reading the book is very much like listening to Dave on the radio. I could hear Dave’s voice as I read about the “Baby Steps”. Along with Dave’s advice on becoming debt free are numerous testimonials from listeners/readers that have achieved  financial freedom by following his plan.testimonials

If you’re in debt, this book offers a common sense plan to work your way out. I also recommend giving it as a gift to people starting out in life so they can avoid debt.

We are not through February yet and I’ve finished 4 books, I hope I can keep up this pace.

You may have guessed that my next report will be on The Family Nobody Wanted.


This entry was posted in book report, new year's resolutions, Reading List, Second Hand Shopping, thrift store shopping and tagged , , , , , , , . Bookmark the permalink.

1 Response to Book Report #4

  1. Jen says:

    I’ve given Dave Ramsey’s book as a gift, too!

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