I've read Financial Peace and gone through the class, and gave my copy of Financial Peace to a friend. I wanted to get another book for a different friend, and this was on sale at Dave's site, so I got this and read it before I gave it to him. The principles haven't changed, but the success stories are plentiful in this book, and the motivation to get out of debt and manage money wisely runs through the pages of this book. ( )

Книга за отговорно отношение към личните и семейни финанси. Ориентирана е, според мен, прекалено много към американския начин на живот, където хората са в борчове до шията още отпреди да навършат 18 даже и всеки изплаща както колежански заем, така и кредитни карти, къща, кола и каквото друго е взел на лизинг - така че основната част от книгата се занимава с елиминирането на тия дългове. Авторът е стриктно против вземането на каквито и да е заеми и кредитни карти.

Останалото в книгата се заключава в създаването на личен фонд за извънредни ситуации в размер на минималните ти житейски разходи за 6 месеца и после внасяне на най-малко 15% от дохода ти като инвестиция за старини. ( )

Ramsey is sometimes criticized as being good at walking people out of debt but lagging in investment advice.
This book justifies that criticism. ( )

Dave Ramsey is the man. This guy knows everything. ( )

I will say this with a lot of caveats--this book helped us get out of debt quickly and gave us the motivation to stay out of debt and be in control of our finances. That being said, I don't really take investing advice from Dave Ramsey (there are better resources) and we do use credit cards that we pay off every month and reap A TON of rewards from. I understand his schtick and why he has to be this way, but I've also been out of det for many years and am a big boy who can use credit cards and understand that credit scores ARE actually relevant.

Overall, this is a great gameplan that will help anyone get out of debt and do it quickly if you're willing to stick with it. Does it make the most sense mathematically? Not really, no. But the whole idea behind the book is to do a debt SNOWBALL and create momentum. Take the smallest debt, kill it, build momentum, take the next biggest debt, kill it, rinse, and repeat. It works, I assume, because it psychologically feels like you're progressing. ( )