Self-help · HopefulDave Ramsey's seven baby steps for paying off debt, budgeting and building wealth
The Total Money Makeover
by Dave Ramsey
Seven baby steps from debt to wealth and generosity
Thomas Nelson published Dave Ramsey's book in 2003, with updated editions in 2007 and 2013. It covers methods for paying off debt and avoiding future debt, budgeting and correcting common money myths. It lays out seven sequential steps called baby steps: save a $1,000 starter emergency fund, pay off debt with the debt-snowball method, save a full emergency fund of three to six months of expenses, invest 15% of household income for retirement, save for children's college, pay off the home early, and build wealth and give generously. It includes stories of individuals and couples who used the plan.
More about this book
Who
Dave Ramsey, and the individuals and couples whose stories the book tells.
World
Household money: debt, budgeting, emergency funds and retirement.
What makes it different
Wikipedia says over five million copies had been sold as of August 2017, without naming who reported it, and that the book had been on The Wall Street Journal bestseller list for over 500 weeks.
Feel
Plain-spoken and motivating.
Page count and cover shown for: Selected edition
Further reading
- The Total Money MakeoverWikipedia