summary ofThe Total Money MakeoverBook by Dave Ramsey

first KEY POINT

First look at the person in the mirror

Being totally broke is not fun. There's debt, nothing is stashed away for a rainy day, there's no sense of control over life and living. You can’t do adult stuff like paying the month's bills and mortgage; feeding the kids, keeping them warm, taking care of them in ill health and sending them off to college; enjoying life, and retiring; without constantly being at the edge of money worries.

Building wealth is not rocket science. It is 80% behavior and 20% head knowledge. Knowing what to do is not the problem, doing it is.You are the problem with your money, and you are the solution to your money problems, not the financial channels or instructional videos on DVDs. If you change the way you behave with and around money, all your money problems would soon be long gone.Your financial fitness plan is the tool to help you change your behavior around your money, and its costs. If you make the sacrifices you need to make, that most folks are not willing to, you can live later as those folks will never be able to.

This summary offers a proven system of guidelines that require sacrifice and discipline. With it, you will be free of all debts, begin saving, and be able to give like never before. It is not a silver bullet to end poverty, it will work, only to the extent that you work in implementing its guidelines.But it all begins with the person in the mirror.