Summary of Dave Ramsey's Dave Ramsey's Complete Guide To Money

By IRB Media

Get the Summary of Dave Ramsey's Dave Ramsey's Complete Guide To Money in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: Dave Ramsey's Complete Guide to Money covers the A to Z of Dave's money teaching, including how to budget, save, dump debt and invest. If you're looking for practical information to answer all your How? What? and Why? questions about money, this is the book for you. You'll also learn all about insurance, mortgage options, marketing, bargain hunting and the most important element of all giving. Now let's be honest: This is the handbook of Financial Peace University. If you've been through Dave's 13-week class, you won't find much new information in this book.

• Language: English
• Publisher: IRB Media
• Release date: Nov 30, 2021
• ISBN: 9781638159803

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

Book preview

Insights on Dave Ramsey's Dave Ramseys Complete Guide to Money

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 11

Insights from Chapter 12

Insights from Chapter 13

Insights from Chapter 14

Insights from Chapter 1

#1

Successful people are often faced with the question: how did I get here. It's a valid question because it's very likely that your wealth is built on a foundation of debt, and one bad investment decision can lead to your financial ruin.

#2

In this book, the author will focus on the Baby Steps, a process of getting out of debt and building wealth that he has taught for years. The book does not repeat everything in The Total Money Makeover, but follows the same seven steps.

#3

The Baby Steps are a guide to getting you from Point A to Point B, which is your goal, in the shortest time possible.

#4

Americans have a negative savings rate, meaning that at times they are spending more money than they are making.

#5

The first step toward wealth is to accept that you are the problem and that you need to change.

#6

Money is amoral. It doesn’t have any intrinsic value of its own; it only has the value that you assign to it. And if you’re holding onto a lot of it, you might be an evil millionaire, but you could just as easily be an upstanding Christian.

#7

There are three basic reasons to save money: to save for emergencies, to save for purchases, and to save for wealth building.

#8

Keeping your emergency fund separate from your regular bank account is the best way to keep it safe. You can set up an emergency fund with a money market account, which usually offers low interest rates.

#9

Having enough money to cover unexpected expenses is a sense of Financial Peace.

#10

You can avoid paying car payments by saving up enough money to buy your car outright.

#11

Nothing is more important than saving money and building wealth over the long run, which is why discipline is so important. It takes discipline to stick to your goals, but that little bit of discipline will take you a long way.

#12

The third and final wealth equation is compound interest. It is the most powerful and effective way to grow your money. Start saving as much as possible now, no matter how old you are, because time is your most valuable asset.

#13

The secret to having a plan for your money is to have a plan for your life. Life happens, and you don’t have a plan, and that $1,000 is gone. Who had a plan.

#14

The author is not a normal person. He wants to be different from the rest and live