Many of us at the very least have gone through a phase where
we had money troubles. We may not have even thought of ourselves as being in
that much “trouble” but were, in fact, hanging on the edge of possible
financial ruin. It is extremely stressful to be in a situation where we are in
slavery to debt and struggling to pay the bills without a financial
breakthrough in sight.
Dave Ramsey offers practical solutions in a step-by-step
process to eliminate debt and move toward financial prosperity. It is not a get-rich-quick
scheme and he warns that the process is not easy. However, with some determination
and the know-how he offers, Dave shows how anyone can win the fight for
financial freedom.
I had heard of Dave Ramsey’s methods before, and even used his
first few steps when I was pulling myself out of a major financial slump a few
years ago. However this is the first time I actually read any of his books. I
can’t say I agree with everything he says about credit cards and debt, but the
gist of his message is pretty solid. I will say that for anyone deep in debt
and financial struggles, it would be wise to follow his instructions to the
letter. My main disagreement comes in when he discusses never borrowing money
for any reason. I believe in staying out of debt, but there is a time and a
place for it. It would take too long to debate this topic, however, so I will
just say that his plan is pretty solid for getting out of debt. As I said, some
years ago I was at the point where I had to start going through his baby steps and they worked to get me out of the crisis I was in. The later steps are
important for building wealth, and there is some room for modification to fit
the individual or couple. I like the fact that he gives guidelines and advice
on how to set your own targets based on your income, goals, and family
situation.
Of course I loved the chapter where he talks about what to
continue to do with your money on the last step. He urges the reader to
continue to invest, but also to have fun and give to others! As motivational as
the first two chapters are, it’s the last part that really spoke to me. The
secret to getting there is delayed gratification, as those of you who read my
blog and know about our house project are aware my husband and I practice! I
have become so used to the “delayed” part that I don’t really give that much
thought to the “gratification” part! Don’t get me wrong, I look forward to it,
and I know it’s there, but I don’t really dwell on the details. I think now that
that’s a mistake! Waiting is easier when you have dreams that might someday
come true!
I received this book
for free from the publisher through the BookSneeze®.com <http://BookSneeze®.com>
book review bloggers program. I was not required to write a positive review and
the opinions and thoughts I have expressed are my own. I am disclosing this in
accordance with the Federal Trade Commission’s 16 CFR, Part 255
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