The Total Money Makeover by Dave Ramsey is a great book – not only for those in debt, it’s a great read/listen for those who want to avoid debt and become financially secure.
**Disclaimer: I (Michelle Dyer) am not a financial advisor, please contact one. The views in this video are strictly my own and do not reflect my employer.**
I highly recommend the audiobook (what I listened to), because he does such a good job of narrating it. I mean duh – it’s his own words.
It is entertaining and informational (and I love his insights on the payday loan industry and “same as cash”).
Here are the 7 baby steps that he teaches:
Baby Step 1: Save $1,000 for Your Starter Emergency Fund Baby Step 2: Pay Off All Debt (Except the House) Using the Debt Snowball Baby Step 3: Save 3–6 Months of Expenses in a Fully Funded Emergency Fund Baby Step 4: Invest 15% of Your Household Income in Retirement Baby Step 5: Save for Your Children’s College Fund Baby Step 6: Pay Off Your Home Early Baby Step 7: Build Wealth and Give
Anyway – definitely check out the book – I highly recommend it.
FTC Disclaimer: As an Amazon Associate I earn from qualifying purchases.