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Total Money Makeover by Dave Ramsey | Animated Book Review

Total Money Makeover by Dave Ramsey | Animated Book Review



Total Money Makeover by Dave Ramsey is an absolute must if you want to be wealthy. Grab a copy from Amazon ( and begin your stress-free life. Remember to subscribe for more videos!

Danse of Questionable Tuning by Kevin MacLeod is licensed under a Creative Commons Attribution license (
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40 Comments

  1. 666dynomax

    We will be debt free in 6 months. after that 6 months we are saving cash to go on a vacation. no more debt. the money that will be freed up after paying everyone else is FREAKING REDICULOUS… almost 2000 per month. gonna hit the mortgage next

  2. IrelandVonVicious

    Should be save a thousand per person in your family for those of you who have wife and kids.

  3. Sheldon Cooper

    Dave Ramsey's method is concrete, but highly conventional. It assumes life won't throw big curve balls at you (unemployment, medical expenses, unjust government fines/false imprisonment, huge stock market declines, expensive divorces/false rape accusations, etc) that would throw anyone off this plan. As MJ Demarco said, "I want to be rich while I'm still young, NOT old."

  4. R. Brooks

    If anyone can't afford to buy the book at the moment I'm offering loans to cover the cost at very competitive rates. A few pennies a week for 30 years, it's a good offer, more than covered by the money you save by following the advice in the book.

  5. BingtheLizard

    I was a late starter with work (was studying for years), and when I came across Dave Ramsey I thankfully had no outstanding debts other than my deferred student loans (in Australia, they're interest free, automatically deducted through tax over a certain threshold, and only increase annually by re-indexation to reflect true value, CPI, etc).

    Having always loathed borrowing money, I found myself fortunate enough to be able to skip the debt snowball phase of the process, and in 6 months, saved up enough to cover another 6 months'-worth of living costs. By default, in Australia and New Zealand, wages are structured for some percentage to be contributed towards superannuation (retirement fund), so I need only save a bit more, top it up, and save towards home-ownership (renting currently). No kids yet at this stage, so their university fees are at least 18-19 years away from the moment they come into existence.

    It's relieving to have the whole process broken down so simply.

  6. Jeff Dixon

    basically, build your foundation first. my one quibble is that whatever one's debt/savings situation, i don't see how it's ever wise to NOT take advantage of an opportunity to have their employer match their retirement contribution. that's free money that will turn into big money over time. waiting months/years of debt payoff then savings build up is leaving money on the table

  7. Christian Prepper

    WOW! No Car??? Really? 4:05
    You must live where there is a great public transportation system or across the street from your job & the grocer.

  8. Christian Prepper

    FARCE: You will NEVER own your home outright! You can only ever hope to reduce your monthly mortgage to just an annual property tax payment… FOREVER! 9:46

  9. Melissa Kittle

    Lots of people say, "money is not important to me" or " I don't care about money" or "I don't wanna be like the rich" … Stay away from these people! Because when they say it's not important they mean it! They have no problem taking or expecting yours! You will never have money if you don't care about it or it doesn't matter to you! It's a nice thing to say, I suppose, but these type of people don't respect anyones money! Live n learn!

  10. kung foo man

    Problem is the entire financial system is rigged for debt in global scale… some individuals get out of the debt trap, but the society at large is hopelessly in debt, always.

  11. Robert Uy

    $1000 is psychological, bought used car based on reliability, I already had one break down, I don't need two breaking down. Paid reasonable with low apr. wife got a job. threw every penny of her new salary at the debt. Consolidated my credit cards though my credit union with no balance transfer fee. I tried a citi card and it cost me the same in balance transfer fee then the money saved on interest. Pay off high interest first. 23k is down to 5k throwing my wifes entire salary MINUS her 401k match.After that is paid off we'll tackle the car while we save to get rid of the other hoopty. after all debt is gone, we'll save for emergency and plan for our first home down payment.

  12. Peppie Tandhasetti

    excellent book. i give away one book every month to one of my adult students. I gave many family members first.

  13. GS 93

    I just finished reading the total money makeover and Dave’s complete guide to money. The only thing I regret is not having read them years ago.

  14. Paul Faulkner

    Hi – I'm British but whether it's Dollars, Pounds, Euros or anything else, a currency unit is a currency unit.

    I snowballed to pay off all of my credit debts (the only thing I have left is the mortgage – and I will halve the term for sure). I still do have credit cards – but only on the basis that I use them to buy something (because we have what's known as "section 77 protection" where basically if I buy, for example, a washing machine and it breaks after three months but the people who sold it either won't accept responsibility to fix it or have simply gone out of business, I can claim the money back from the credit card). I always pay my balances off in full every month. I have paid nothing in interest to a credit card company for 8 years…. But I also do something else:

    I "borrow" money from myself – I will give an example … let's say that my washing machine breaks and isn't repairable. I need to buy another one and that it will cost me £500. This is what I do. Firstly, I go and buy a washing machine using a credit card. A couple of days before the "pay in full by this day or we charge interest date" I withdraw the money from my savings account and pay off the credit card in full. The discipline is to pay off the loan I've made to myself WITH INTEREST TOO

    Banks in the UK are typically charging 30% on a credit card. I only charge myself 12.2%… Once your laughter has stopped, ask yourself the question Who gets and keeps the interest? When I don't have any self-financed 'loans' outstanding, I save just 1.75% to my savings accounts. I always do have money for a rainy day. I always pay my own self borrowings back. If I am late with any particular payment, I don't slag myself off at the credit reference agencies! What do I do with the money I'm not paying in interest on the credit cards? Overpay the mortgage. Banks want you to leave £500 on a credit card so that they can charge you £30 a month for the next 5 years or more. Get a calculator and PAY THEM ALL OFF!!! In the table below, I give a notional example for the washing machine and how I'd pay it off. The numbers in parentheses are fractions of a penny which helps explain the occasional difference between any two days' interest.

    I have tried multiple times to leave a spreadsheet with all the figures but google / youtube won't allow it no matter how I've tried…. I conclude that Google is part of the conspiracy to keep you ignorant! There is nothing like looking at a spreadsheet and seeing how you get stuffed every day by the banks with their interest on interest compounding!!!

  15. Elli07 4nd3r50n

    My rule, Save 40% of salary in a cardless, non net banking savings account.. keep 10% for medical emergency and use the rest 50 for paying bills.(I'll be left with some money after paying bills that i can either save or spend for something i like to)

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