![]() Dave also talks about how much money you should aim to have saved for retirement.Ĥ. ![]() Retirement Planning: This section covers the different retirement options available to you, such as 401(k)s, IRAs, and annuities. Dave also debunks some common investing myths, such as the idea that you need a lot of money to invest.ģ. Investing: This section covers the basics of investing, including how to invest with just a few thousand dollars. Once finished paying all debts, you’ll save up 3-6 months of living expenses in an emergency fund.Ģ. Dave recommends starting with a $1,000 emergency fund, then paying off all debts (except your mortgage) using the debt snowball method. The Baby Steps: This section teaches you how to get out of debt using Dave Ramsey‘s “Baby Steps” method. ![]() ![]() These include myths around your credit core, the need for a credit card, and why debt reduction is the best way to increase long-term wealth.ĭave divided the Total Money Makeover into seven sections, each teaching a different money principle. ![]() That’s because the wisdom and principles inside are ageless, and continue to be relevant no matter what the economy or stock market is doing.ĭave Ramsey packed the Total Money Makeover with practical wisdom, but the book also includes facts that fight against the typical money fallacies. Even after over two decades since it was first published, it remains at the top of many bestsellers list. The classic edition of Dave Ramsey‘s “The Total Money Makeover“ is one of the best-selling personal finance books. ![]()
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