Key Insights From:
The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness
By Dave Ramsey
Key Insights From:
The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness
By Dave Ramsey
What You'll Learn:
Americans are some of the richest people in the world, but most can’t hang onto their money. Personal finance guru, Dave Ramsey, lays out a proven path to financial freedom that crushes debt and creates more wealth than one might expect.
Key Insights:
- 80 percent of personal finance is related to behavior rather than knowledge.
- Before doing anything else, save up a $1,000 emergency fund.
- Attack your debts in order from smallest to largest to rack up wins and build confidence.
- Having six month’s worth of expenses saved turns crises into bumps in the road.
- It’s only when you’ve regained control of your income that it can start working for you and for others.
- If you can’t learn to be generous, you still haven’t achieved financial freedom.
- Whether your income is large or modest, this is the best way to get rid of debt and create wealth.
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