The Total Money Makeover
Classic Edition: A Proven Plan for Financial Fitness
by:
Dave Ramsey
in:
Personal Finance
Summary:
The book provides a step-by-step guide to achieving financial stability through debt elimination, budgeting, and saving, emphasizing the importance of disciplined spending and the creation of an emergency fund. It outlines seven "baby steps" to help readers develop healthy financial habits, build wealth, and secure their financial future.
Key points:
1. Seven Baby Steps: Save $1,000, pay off debt using the snowball method, save 3-6 months of expenses, invest 15% of income, save for children's college, pay off home early, and build wealth to give.
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