After reading Dave Ramsey's "Financial Peace, revisited", I feel that I have got more sense of what I am spending my money on and I feel like I know more about financial things that I used not really to be to concerned about, and this book has helped me to understand more about everyday finance and that I can have financial success in the future if I just make some sacrifices and watch my money and on what I am spending it on. Although it took me a while to read this book I found it interesting and easy to understand, and it will be very helpful in the future to have read this book. I"m will talk briefly about the book and then I will talk about the parts I liked about it and what stood out for me in it.
In Financial Peace Revisited, Dave Ramsey talks about how to get out of debt and to save up money. Using spiritual guidance, he shows us easy-to-follow rules to help us pay off debts. He recommends ways to change our spending habits, ways to be a bargain shopper, and ways to save our money. After learning these principles, we can us them to get financial stability and maybe be rich.
Ramsey begins by telling his personal story of bankruptcy. After explaining that this could happen to anyone, he gives the steps that you need to improve your way of life without having to hit the bank. One of his main points focuses on getting rid of bad debts. He says that one should put all debts in order from smallest to largest. After doing that, you should focus on paying off the smallest one. Once that one is paid off, you should continue to the next smallest one. Eventually, all your bad debts have been eliminated. He recommends that you never use credit. He says that you should only buy something when you have the money for it. .
He has a good sense of what needs to be done to get people out of debt. He is able to tell of his own personal stories to let us know that it is possible to get out of debt, no matter how far in debt you may be.
