12th out of 56 books
—
105 voters
Financial Peace Revisited
by
Dave Ramsey
Dave Ramsey knows what it's like to have it all. By age twenty-six, he had established a four-million-dollar real estate portfolio, only to lose it by age thirty. He has since rebuilt his financial life and, through his workshops and his New York Times business bestsellers Financial Peace and More than Enough, he has helped hundreds of thousands of people to understand the...more
Hardcover, 352 pages
Published
December 30th 2002
by Viking Adult
(first published 1992)
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Nov 08, 2009
Chad Warner
rated it
2 of 5 stars
·
review of another edition
Shelves:
finance,
non-fiction
Some of my friends are Dave Ramsey fans. The 2 main things I knew about him were his envelope system of budgeting, and his anti-debt stance. I thought I'd find out about these by reading The Total Money Makeover. That book covered his anti-debt stance, but didn't cover the envelope system, and it also contained many references to this book, Financial Peace. So although this book was published before The Total Money Makeover, I read it second. The 5 Baby Steps briefly mentioned in this book serve...more
Mar 12, 2008
Liz
rated it
4 of 5 stars
Recommends it for:
anyone who has any debt or wants to build wealth
If someone is in dire straits financially, this book is invaluable for tips, strategy and plain common sense for savings and dumping debt. His baby steps for financial peace are applicable to anyone in any circumstance, especially the emergency fund in a money market account and the debt snowball. However, I do believe that he is legalistic in some of the minute details of those steps. For someone who has never paid a penny of credit card interest in 12 years, but who enjoys free money from the...more
May 20, 2008
Jared Kessler
rated it
5 of 5 stars
Recommends it for:
ANYONE in debt and wanting to pay it of.
Recommended to Jared by:
"The Billionaire"
There are few books that are as straight and to the point about money, and getting out of debt as this one. I read A LOT of books on how to get out of debt, but honestly, this is the only one that worked.
More importantly, Dave Ramsey has the personal experience in applying what he teaches, and although there aren't any "smoke and mirrors," if you do what he says, I think you will agree that this is by far the best book on building wealth, paying off debts AND living on a cash only system.
From...more
More importantly, Dave Ramsey has the personal experience in applying what he teaches, and although there aren't any "smoke and mirrors," if you do what he says, I think you will agree that this is by far the best book on building wealth, paying off debts AND living on a cash only system.
From...more
Have you read The Total Money Makeover by Dave Ramsey? If not i surely advise you to read that book first and then this one. That may seem out of order since Financial Peace was released before Total Money Makeover, however TMM is the overview and FP is the in depth analysis and understanding.
Financial Peace Revisited talks about how as individuals we are not perfect, yet we allow society to dictate how we present ourselves. Just because you have money does not mean you need to flaunt it by buyi...more
Financial Peace Revisited talks about how as individuals we are not perfect, yet we allow society to dictate how we present ourselves. Just because you have money does not mean you need to flaunt it by buyi...more
I loved this book. Once again, I felt like many of the suggestions were so easy I should have come up with them myself! However, his point is good. I'm not a dumb person. I'm just ignorant about finances because no one ever taught me how to handle my bills.
Much of this information is already out there and easily accessible. If you read The Total Money Makeover: A Proven Plan for Financial Fitness you'll get pretty much the same information. If you follow any message boards, forums, or any other...more
Much of this information is already out there and easily accessible. If you read The Total Money Makeover: A Proven Plan for Financial Fitness you'll get pretty much the same information. If you follow any message boards, forums, or any other...more
Dave Ramsey's advice is spot-on about saving and debt reduction. In fact, he is not a fan of debt at all, regardless of what "experts" say about tax leverage and benefits. I agree completely with him. Long before Ramsey made a name for himself in real estate and then in financial planning, Bob and I were fiscally conservative. Ramsey simply presents time-tested financial management techniques that have been around for ages: don't buy stuff you don't need, and don't buy on impulse (okay, I have a...more
I've heard so much about Dave Ramsey over the last couple of years and all about his amazing financial guru powers, so I've been trying to get my hands on one of his books at my local library for a while now. I managed to finally get a copy of this book this week and devoured it in a day or so.
My first impression was:
Hmm. What's the epiphany here? There doesn't seem to be a whole lot of something new. This could be for 3 reasons.
1. The library only had this 1997 version, which has made it ext...more
My first impression was:
Hmm. What's the epiphany here? There doesn't seem to be a whole lot of something new. This could be for 3 reasons.
1. The library only had this 1997 version, which has made it ext...more
I didn't like this one as well as Total Money Makeover, it was a much slower read and just not as "hands-on" applicable information for finances, but I did learn a couple things, these are the notes I jotted down as I read:
-page 30 (haha, not sure what it was, but if I ever need to reference it again...at least I'll remember the page!)
-sinking fund: payments in reverse (p. 118)
-3 to 6 month emergency fund
-Proverbs 21:20 "There is treasure to be desired and oil in the dwelling of the wise; but a...more
-page 30 (haha, not sure what it was, but if I ever need to reference it again...at least I'll remember the page!)
-sinking fund: payments in reverse (p. 118)
-3 to 6 month emergency fund
-Proverbs 21:20 "There is treasure to be desired and oil in the dwelling of the wise; but a...more
If you've spent much time around me lately, you may have noticed my recent infatuation with Dave Ramsey. When I first happened to catch his radio show about a year ago, I scoffed. He sounded like my dad's financial planner on steroids. But in these difficult economic times, his no-nonsense approach to personal finance is a welcome return to simpler times when everything under the sun wasn't sold for a low monthly payment.
Financial Peace was the first book Ramsey wrote after saving himself from h...more
Financial Peace was the first book Ramsey wrote after saving himself from h...more
I just finished reading Dave Ramsey's Financial Peace. I have always enjoyed his television and radio show. If you don't know...He was a real estate agent who ended up in huge amounts of debt. Losing his car and almost his house. He pulled himself out of debt and is now debt free. (To be fair, it doesn't hurt that he make s a lot of money hosting his TV show, radio show, writing numerous books and selling his Financial Peace University course) But at one point he was a regular guy.
On the radio...more
On the radio...more
Since I've been in the middle of a lot of money trouble, a friend of mine lent me this book as well as a little cash to make it through my next set of bills. I figured I owed him enough to at least read the book.
I can't tell you how annoying it was to read this thing, which is clearly just a collection of transcribed parts of Ramsey's seminars and radio shows from the 1990s. So he gives us some moderately sound financial advice: Get out of debt, or better yet, don't go into it. Save where you ca...more
I can't tell you how annoying it was to read this thing, which is clearly just a collection of transcribed parts of Ramsey's seminars and radio shows from the 1990s. So he gives us some moderately sound financial advice: Get out of debt, or better yet, don't go into it. Save where you ca...more
This one does NOT get five stars for writing style or organization--it gets it for PARADIGM SHIFTING. I was rather annoyed with it part of the time, but by the end of it, I was so full of ideas and energy around finally getting my financial crap together, it's like a religious conversion. Or is it like a fad diet? All enthusiasm for a week or a month, to be followed lamentably by a quick regression to former habits? I hope not--one of his recommendations is to get a Financial Sponsor (cf. Alcoho...more
I can't help it. I love personal finance books. There's a reason I love them, though. They make me feel strong, motivated, and inspired. Ramsey is really good at this. While reading his books, I feel like I can take on the world and really accomplish my dreams.
I read Total Money Makeover about a year and a half ago and I got a similar boost from that. After reading, I built up an emergency fund and paid off my car a year early. However, I then bought a house. That is not part of the plan. After...more
I read Total Money Makeover about a year and a half ago and I got a similar boost from that. After reading, I built up an emergency fund and paid off my car a year early. However, I then bought a house. That is not part of the plan. After...more
This book was my first exposure to Ramsey. I found this step-by-step method to be a life-saving way of getting out of debt and becoming financially sound without getting completely overwhelmed by the process.
After applying the principles Ramsey outlines and starting with baby-step #1, my husband and I were able to dump over $40k worth of debt and gain financial independence in less than 2 years. I'm sure we could have done it faster by adopting Ramsey's beans & rice, getting 2nd jobs, sell...more
After applying the principles Ramsey outlines and starting with baby-step #1, my husband and I were able to dump over $40k worth of debt and gain financial independence in less than 2 years. I'm sure we could have done it faster by adopting Ramsey's beans & rice, getting 2nd jobs, sell...more
Apr 07, 2012
Gary
rated it
3 of 5 stars
Recommends it for:
those who are in financial trouble
Recommended to Gary by:
my brother
Shelves:
owned
Financial Peace Revisited is a companion book to his Financial Peace University 13 week seminar. Much of the seminar is oriented towards people who are in big debt and need a way out. As such, its focus is narrow—how to be wise with your money.
Ramsey describes a different life-style. His slogan describes it: You are to live like no one else, so that you can live like no one else.
This is a book which is meant to be used, rather than thought about. He is dogmatic in his approach, such as you shou...more
Ramsey describes a different life-style. His slogan describes it: You are to live like no one else, so that you can live like no one else.
This is a book which is meant to be used, rather than thought about. He is dogmatic in his approach, such as you shou...more
When my teacher told me that I had to read this book for her class, I didn't think I was going to like it at all or have struggles with finishing it because of the subject of finances. I haven't even heard of Dave Ramsey until I picked up this book to read.
What made me really enjoy this book was how simple everything was in explaining things. Dave did a really good job of letting the reader know about what could happen if you take things too fast with dealing with money and debt. I picked up a...more
What made me really enjoy this book was how simple everything was in explaining things. Dave did a really good job of letting the reader know about what could happen if you take things too fast with dealing with money and debt. I picked up a...more
As a Dave fan, the info is nothing new to me. I like Dave's principles and I think this was the first book he published so I wanted to read it. In my mind, he's best at convincing people to change how they thing about money - if he wasn't, he wouldn't have the huge following he does. Americans tend to buy too much "stuff" and he's good a showing how "stuffitis" can hinder a person's ability to get ahead financially.
I'd probably recommend Total Money Makeover to this book if you want to start Da...more
I'd probably recommend Total Money Makeover to this book if you want to start Da...more
There are few people in the world who are in a situation where they can truly teach others about money. It is such a sensitivity topic, but Dave Ramsey has been to broke and back more times than anyone else ever hopes to. His in sites on having peace not only in your finances, but your entire life causes the reader to sit back and reflect on what ways their life could be more peaceful.
Dave expounds on 37 ways to take control of your money and your life. Personal favorites include:
#2 Plant read...more
Dave expounds on 37 ways to take control of your money and your life. Personal favorites include:
#2 Plant read...more
I would really recommend this book to those who are in financial distress, who can’t tell where their money is going or who are drowning in debt. For them, Dave Ramsey lays out a no-fail plan to gain control of one’s finances. For the rest of us, however, there is a bit less to be learnt, and the author’s insistence on using cash only and painstakingly writing out a budget based on the receipts in your wallet needs to be updated for the 21st century, with all those online banking tools that will...more
A lot of what Dave Ramsey offers is common sense advice, but I did gain a better understanding of a couple of investment strategies and insurance products I am going to take a closer look at this week.
I would recommend the full Financial Peace University course to anyone who is willing to make changes in the way they spend and save in order to secure a better financial future for themselves and their families. If you simply must have instant gratification, Dave's system isn't for you.
Note: I wa...more
I would recommend the full Financial Peace University course to anyone who is willing to make changes in the way they spend and save in order to secure a better financial future for themselves and their families. If you simply must have instant gratification, Dave's system isn't for you.
Note: I wa...more
This edition of the Financial Peace book covers the basic principals of budgeting and cash management including establishing a workable monthly budget, the Envelope System, getting debt-free, and strategies for developing an emergency fund and long-term savings.
Dave and Sharon both share their experiences in having it all, the embarrassment and shame of losing it all, and rebuilding their financial lives step-by-step. The book is a helpful and pleasant read. I could hear Dave's "voice" in the wo...more
Dave and Sharon both share their experiences in having it all, the embarrassment and shame of losing it all, and rebuilding their financial lives step-by-step. The book is a helpful and pleasant read. I could hear Dave's "voice" in the wo...more
I took the Financial Peace class years ago, while Dave and I were still dating. It's something I definitely recommend, especially young couples. Dave and I learned so much, it's probably the reason we aren't crazy in debt right now.
After getting this book back from a friend I loaned it out to, I decided it was time to read it again.
I'll admit, I had forgotten most of the book. But it was interesting to see which concepts Dave and I are still using in our budget today. Overall, we're not doing to...more
After getting this book back from a friend I loaned it out to, I decided it was time to read it again.
I'll admit, I had forgotten most of the book. But it was interesting to see which concepts Dave and I are still using in our budget today. Overall, we're not doing to...more
Dave Ramsey has sound advice regarding financial matters. His big push is to get out of debt, build up savings, get wealthy and give it away. I always feel motivated after listening to him on the radio or finishing his book, but unfortunately that motivation dissipates about 30 minutes later--especially when I start thinking about a budget. Ramsey knows that this is where a lot of people get hung up, and he says you can call it a budget or a cash flow plan...the later sounds less restrictive eve...more
Borrowed from a friend (there's some saving money already) and a fairly quick read. Some good advice in this book - especially if you are REALLY struggling to make ends meet. The first tip is to save $1000 as an emergency fund and then there are 6 more steps. Personally I think the biggest thing to do is budget - and stick to it. There are some good tips on doing this and some good advice on getting everyone in the family on board with the budget.
Some of the numbers seem (already) to be out of d...more
Some of the numbers seem (already) to be out of d...more
This is a dated version of the book. Ramsey has since come out with *Financial Peace Revisited* which is the one that goes along with the class these days, but we used our aged materials instead of buying new ones. It's good. It's useful (practical). I don't know what the new one is like. This book follows along very closely with the lectures. One issue I had, which they may have fixed, is that the workbook recommends you do the reading after viewing the corresponding video, but for me it is bet...more
I thought I was doing OK with managing my finances, but this book (along with the 13-week course) really helped me to regain disciplines that I had let slide - like writing a budget and actually updating it, planning how my income is to be spent rather than trying to work it all out in my head, learning to say "no" or "not yet" to myself in favor of paying off debts. I'm now free of debt and building up my savings. I'd recommend the book to anyone wanting to take control of their finances again...more
Dave Ramsey has taken a tested and true set of principles, threw some scripture quotes in, and called it "Financial Peace." And that's fine, because if it helps to get people to get their cash flow under control, more power to him.
As a representative of the genre this book belongs to, it really is not bad. Usually in books of this nature the author will attempt to establish his credibility by telling you, in 1/2 the book, his story. (For extreme examples of this, please see the "4 hour" series b...more
As a representative of the genre this book belongs to, it really is not bad. Usually in books of this nature the author will attempt to establish his credibility by telling you, in 1/2 the book, his story. (For extreme examples of this, please see the "4 hour" series b...more
This one is hard for me to rate. I'm so saturated in Dave Ramsey's teachings that it didn't blow me way. However, any lessons he provide are really, really great.
I think it is a must read for everyone ... though I'd give you The Total Money Makeover as the first book to read so you can implement the plan ... and then follow up with this book to reinforce why you are working the plan for financial peace. I know that seems backwards ... but I get anxious to start making change.
I'm a strong believ...more
I think it is a must read for everyone ... though I'd give you The Total Money Makeover as the first book to read so you can implement the plan ... and then follow up with this book to reinforce why you are working the plan for financial peace. I know that seems backwards ... but I get anxious to start making change.
I'm a strong believ...more
I've had several friends tell me about radio talk show host and Christian financial fitness guru Dave Ramsey in recent days so when I found 2 of his books at our local Half Price this morning I figured that God must be encouraging me to take a tighter hold on the tiller in these high winds of financial change and struggle. Financial Peace offers a basic overview of average American financial problems (lack of discipline) and simple steps to take to overcome them (eliminate debt, frugal is fun, s...more
Another great one. I actually think this book should be read before his other one. This one is more of a general book, whereas his other one is a specific plan on getting out of debt, and then investing in your future. This one has more info on types of investments and different things. I really have like what I've read from Dave Ramsey, but I did also read he may not be the best person to go to for investments. I hear he is great helping people pay off their debts, but as far as what comes afte...more
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David L. Ramsey III (b. September 3, 1960) is an American financial writer, radio and television host.
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“That stupid saying "What you don't know can't hurt you" is ridiculous. What you don't know can kill you. If you don't know that tractor trailer trucks hurt when hitting you, then you can play in the middle of the interstate with no fear - but that doesn't mean you won't get killed.”
—
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