The Total Money Makeover
A proven plan for financial fitness
I think Dave Ramsey is the American equivalent of our Scott Pape The Barefoot Investor. He has a no nonsense approach for sorting out your personal finances and is well know for his stance on eliminating all debt. As a property investor with debt on investments I find this a bit extreme but he is very popular with a huge following so I guess it works for some. He makes it clear in the book that he is a Christian man and includes some bible verse in the text. This might not be everyone’s cup of tea and not what you would expect in a personal finance book. However, it doesn’t detract from the actual usefulness of his teachings on money.
Again some of what he teaches is not relevant for Australians but the overall concepts and process he outlines would work for anyone. If you are into super detailed zero sum budgeting then this is the book for you…I guess now is a good time to confess I find monthly budgets a bit much and prefer a looser approach but each to their own. No judgement here.
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