Samuel M. Rodrigues AP Language & Composition 16 March 2021
All About The Money
Recently, I finished reading The Total Money Makeover: A Proven Plan for Financial Fitness written by Dave Ramsey. I found several things fascinating in this book including myths on credit, building a strong barrier between you and murphy, taking on mortgages like a boss, and growing your money beyond belief. There is so much great information in this book that I know won't be able to fit in this blog post, but I'll do my best to explain some of the awesome things I learned about money. If you get to the end of this post and are like, "Hey. This book doesn't sound too bad," just let me know. I own a copy so I'll be happy to lend it out. But for now, let's get to it!
The first thing you should know before you start reading this masterpiece of a novel is Ramey's approach to personal finance: common-sense! By taking a common-sense route, Ramsey is able to create a plan for anyone to get out of debt, pay expenses, and build tremendous wealth. He makes it clear that you don't need to be a genius to be a millionaire. All you need is a set of common-sense principles to live by: [1] avoid credit like the plague, [2] set aside money early on, and [3] invest in mutual funds. There are easily twenty or more principles that he mentions throughout his book surrounding finances, but these three are by far the most important from a wealth-building and financial security standpoint.
Next week, I'll expand on the points I mentioned above so stay posted. For now, if you have any questions or thoughts, feel free to let me know.
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| Dave Ramsey & The Total Money Makeover |
Interesting! Usually, I'm a little leery of guides to becoming rich, because they always seem a bit sketchy. However, this seems to mirror advice I've already heard, so maybe there's something to it!
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