Analysis Of The Total Money Makeover

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“The Total Money Makeover” is radio star and financial speaker Dave Ramsey’s viewpoint, ideas and techniques on the financial world put into words that are not only simple, but super helpful to those seeking motivation in their financial lives. Throughout this book Dave Ramsey projects his attitude on how to begin a debt free life. In this particular book Dave Ramsey constantly presents the ideas of an emergency fund, myths and truths, savings, loan and credit card use. Out of all these chapters the most important and useful information I learned was the obstacles in getting to a debt free life, Ramsey’s Seven Baby Steps and the priorities of money.
One important idea portrayed in Dave Ramsey’s book was that a lot of the “obstacles” to a debt free life is mainly attributed to your mental and emotional thoughts. These obstacles would be characterized as the feelings of contradictions, inexperience, obliviousness, denial and ignorance. These small characteristics are the stem of financial problems. These emotions don’t allow a person to see the great successes such as a debt free life, so in all they lead to a lack of motivation. These emotions are actually connected to the idea of “Keeping up With the Joneses”. This goes hand in hand …show more content…

This topic was previously mentioned in “The Richest Man in Babylon”. The quote, “Make thy gold multiply”, has similar meaning to Dave Ramsey’s ideas. Ramsey’s main idea of money was to use it to the best of its abilities. This does not mean to spend it all in one shot or invest all of it into a share, but it means that you have to figure out your priorities and get them in. For you financial life you need to understand what you need to save, invest, and spend and also how much money you are willing to use for each. Your money priorities should be shaped around life aspects, but you should always be reminded that your “wants” are not always

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