The one book that changed my relationship with money, the one book which put me on the right path for financial freedom, and the one book I recommend to everyone who wants to read about money.
What will you learn from the Book?
- How must you hold yourself accountable for your money problems and stress
- How to get out of debt?
- Why and how should you avoid debts?
- How following what rich people do can make you rich, exactly like doing what physically fit people do can make you physically fit
- You are the only one who is in charge of your retirement, and you must start NOW
- You must have a budget and retirement plan
- Learn the basics of how money should be handled and seven steps for financial Freedom
7 Baby steps for Financial Freedom
- Save $1000 for Emergencies
- Pay all your debt (How debt snowball method works)
- Finish Emergency Fund (At least 3 to 6 months of expenses)
- Invest 15 Percent of your income in retirement
- Save for Education
- Pay off your home mortgage
- Build wealth like crazy
Top 10 Money Quotes from the book Total Money Makeover
Here are the top 10 quotes from the book which are worth sharing and the most impactful.
You can read and also download all the quotes in the format of the images.
Quote: 1
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Quote: 2
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Quote: 3
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Quote: 4
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Read Chapter 4 from the book for all the money myths.
Quote: 5
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Quote: 7
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Start your emergency fund today, you can read more about why here Emergency Fund; A way of worry free life. (What, why, and how)
Quote: 8
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Easiest way to start your investments is with Index Funds, read more Best Index Funds for 2021 and the future
Quote: 9
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Here is a simple guide on how can you start college 529 for your kids’ future, How to open a college 529 Account?
Bonus Quotes
Don't wait till you're sixty-five to do what you love .
Money is an excellent salve and a horrible master.
A budget is people telling their money where to go instead of wondering where it went.
Conclusion
Total Money Makeover by Dave Ramsey is an easy recommendation for all who would like to understand how money should be handled.
The book covers why and how we must put ourselves responsible for our money issues. If we understand our money problems we can also solve those.
The book is filled with countless examples for encouragement, reading those stories I believe we can free ourselves from societal pressure and choose a more fulfilled life.
Let me know if you have read the book and if you have a favorite and if you haven’t, please do read the book and share with us.
