Michelle’s Book Review – The Total Money Makeover by Dave Ramsey

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.

The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness

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