Book Review: Dave Ramsey’s Complete Guide to Money

Title: Dave Ramsey’s Complete Guide to Money

Author: Dave Ramsey

Published: 2011

My Review:  5 out of 5 stars


The intent of this book, the handbook of Financial Peace University, is to “teach you how money works.”  Based on principles learned from his own personal choices, both good and bad, Dave Ramsey writes in a straightforward, easy-to-read manner.  Explaining how credit cards and student loans really work, Mr. Ramsey seeks to guide you through real-life financial decisions to find your way to financial peace.

Chapters in this book include:

  • Super Saving
  • Cash Flow Planning
  • Dumping Debt and
  • Working in Your Strengths

This book is literally intended to be a workbook through which you and your spouse learn to dig your way out of debt, start and grow your savings, and make your money work for you.  With his own experiences and education to stand upon, Dave teaches you about finances in a way you never learned in school!  Included in this book are worksheets to use to help you put your plan onto paper, and advice to get your plan into action.

My Review

This book is teaching me more about money than I ever learned in my lifetime.  I’ve read articles and taken classes in economics – but this book breaks money down into practical advice about how to make money work for you, instead of you just working for your money!

Managing money is as much about attitude and action, and Dave Ramsey really takes a deep look into both.  Explaining the technical aspects of loans and financial investments, he also touches on the attitudes that we have about money and how they hurt or help us.  He talks about the differences in marriage partners and how they can work together despite their differences and THAT alone makes this book worth reading!

There is a whole chapter devoted to credit and debt collectors, including federal laws regarding debt collections.   There is one chapter devoted to insurance and how to find what will work best for you and your family.  There is another chapter altogether about making sound investments, too.

This book is very straightforward, and breaks down money in a way that makes it SEEM manageable and that’s my favorite part!  I would highly recommend this book to anyone who wants to improve their financial outlook, learn how to manage money better in general, and for everyone who has to deal with overwhelming debt.

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