Dave Ramsey's The Total Money Makeover Book Review

Did you know you can take control of your money? You can build up your money muscles with America’s favorite finance coach.


Do you want to transform your sad and skinny little bank account into a bulked-up cash machine? Then get with the program, people. There’s one sure way to whip your finances into shape, and that’s with The Total Money Makeover: Classic Edition.

By now, you’ve heard all the nutty get-rich-quick schemes, the fiscal diet fads that leave you with a lot of kooky ideas but not a penny in your pocket. Hey, if you’re tired of the lies and sick of the false promises, take a look at this—it’s the simplest, most straightforward game plan for completely making over your money habits. And it’s based on results, not pie-in-the-sky fantasies. With The Total Money Makeover: Classic Edition, you’ll be able to:
  • Design a sure-fire plan for paying off all debt—meaning cars, houses, everything     
  • Recognize the 10 most dangerous money myths (these will kill you)     
  • Secure a big, fat nest egg for emergencies and retirement!
Includes new, expanded “Dave Rants” sidebars tackle marriage conflict, college debt, and more. All-new forms and back-of-the-book resources to make Total Money Makeover a reality.  Dive deeper into Dave's game plan with The Total Money Makeover Workbook: Classic Edition. The Total Money Makeover: Classic Edition is also available in Spanish, transformación total de su dinero.

Review:

This is a book about gaining control of your finances at any age. It gives you a series of what Dave calls baby steps to help you get back on track with controlling your money and not having it control you. Anyone with a debt (i.e. house, credit card, car payment, student loan) who wants to be debt free but isn't sure where to start can benefit from reading this book.

It's not a magic book. It does not tell you what stock is going to gain you a fortune. It will not make your debt disappear in a week. What it will do is give you guidance and realistic goals for getting yourself out of a bad situation. It sheds light on all of the money myths we have been sold over the years. It will cause you to rethink using that credit card to pay for your gas because you might need the twenty in your pocket for something later.

The baby steps are easy to understand and it is clear the work will be hard. We knew before reading this book that we were looking for a way to gain control of our finances. We knew it would take a long time to undo the damage we had created with our credit cards. We needed someone to tell us where to start and that is what this book did for us.

It also clearly states throughout the book that you are the one who can make a difference in your financial life and that if you follow the baby steps you will be able to do this in a positive way.

This book is a life-changer. We had another copy of this book & let others borrow it. The last time we gave it to someone, it never made its way back to us, so we bought this updated version. It's a quick read, but the methodology & lessons are a BIG DEAL. We've been following the program for years and it's been the best thing we could have done for our family. We're soon-to-be debt free & can't say enough good things about this program. We've attended FPU and read this book over & over for reference. There is helpful info for any stage of life - just starting out, establishing a household, and estate planning. Simple, no-nonsense money management that should be taught to everyone at a young age... what a concept! Our family tree is changed because of this book.