#454 in Books
Use arrows to jump to the previous/next product

Reddit mentions of The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness

Sentiment score: 22
Reddit mentions: 45

We found 45 Reddit mentions of The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness. Here are the top ones.

The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness
Buying options
View on Amazon.com
or
    Features:
  • Classic Edition
  • Way to whip your finances into shape
  • This product will be an excellent pick for you
Specs:
Height9.5 Inches
Length7.67 Inches
Number of items1
Release dateSeptember 2013
Weight1.40875385418 Pounds
Width0.75 Inches

idea-bulb Interested in what Redditors like? Check out our Shuffle feature

Shuffle: random products popular on Reddit

Found 45 comments on The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness:

u/JackGetsIt · 7 pointsr/asktrp

Money: Watch this over and over, take notes and internalize the information. Read this. Live within your means.

Social Contacts: Fnordsnord covered it. Also read "How to Win Friends and Influence People." Actually take notes, practice what you read and reread. Read this blog post.

Women: You're already on redpill so you're probably pretty set on knowledge there. Read this, this, and this anyway. Internalize, practice, reread.

Life: Two suggestions, 1) Your first reaction to things isn't always the right reaction. 2) Prepare to fail. Skipped a gym visit or missed a lift? Chump = give up. Man = you were prepared for this it doesn't phase you. You're back at it tomorrow. Narrow your life to a few important things and work daily on them. Don't overdo it just plod along. All the greatest achievements in life are done with steady hard work. Read this

Career: Every two-four weeks or so update your resume (keep two versions of your resume, a super long form with absolutely every reference, accomplishments, phone number, address, date, etc and a super short form single page one with all the highlights, make it pretty) and glance for either a higher paying job within your field or a higher status job. Always secure a new job before leaving an old one. If you're still in college or decide to go back, pick a career field that will be in demand when you graduate. Start applying while you are still in school. Read this.

Organization: buy a simple small 2 drawer filing cabinet and manilla folders, put important docs in there. Digitize super important docs. Clean it out every once in a while. Watch this.

Study habits/learning habits: I don't really have time to go into this in any detail but go to everyclass. Take comprehensive notes, ask a shit ton of questions, bounce new things you're learning off people and discuss it as much as possible. Find people that know the material better than you and spend time with them. Take those notes you wrote and get a piece of paper. Draw three columns. Right column is most important info that might be on test/eval, center column is that same info in short hand, left column is a visual representation of the information that might help you daisy chain memorize it. This is my own technique so PM if you'd like more clarification. Turn every assignment in no matter how poor the quality. Last but not least one more time prepare to fail. Talk to your boss or professor if you're slipping; our first impulse is to turn inward and blame yourself and not seek others to help because it looks weak. Like I said your first reaction/feeling isn't always the right one. Prepare to fail. Be antifragile. Good luck; you don't need it if you apply yourself, plan, and work diligently.

Edit: One last thing. Statistically you will live a long time. Think with your future self in mind everyday.

u/Diviertete1 · 6 pointsr/beyondthebump

I agree with everyone, sell the car and get a little reliable beater to drive until you get your feet underneath you. i am a huge Dave Ramsey fan, as in he completely got us out of debt and changed our lives. Listen to his podcast and read The Total Money Makeover. Dave would tell you to get rid of that car today!

u/ShadowIBlade · 6 pointsr/personalfinance

This may look impossible to overcome, but it can be done. Good news is you have a great income. The only way out of this mess is to get yourself on a strict written budget, cut up every single credit card and never use them again, and increase your income even further with a second part time job. Pay the minimum on everything while putting all extra money on the smallest debt. Once you pay that off, move onto the next smallest debt. This will begin to add up and you will start to make progress if you stick with it, but it won't be easy. Bankruptcy is a last resort and ultimately won't solve your terrible spending habits. Not everyone on this subreddit agrees, but I think you should really read Dave Ramsey's The Total Money Makeover. Pick it up from your local library because you don't need to spend anything to read.

u/gillish · 5 pointsr/personalfinance

I am just like you. Except that I didn’t come to this realization at 21. I finally woke up to my debt when I was 28 and by then had $20K in credit cards and $80K in student loans. Do not be like me.

You need two things:

  • Dave Ramsey’s Book
    This book has literally changed my life. If you call Dave Ramsey’s radio show and tell him your story he may send this book to you for free! I personally am not Christian so I skip the few religious references. (Bonus: r/DaveRamsey)

  • YNAB
    This software keeps me on budget with my expenses and debt repayment. It’s amazing and there are ton of free classes and resources. As a student you qualify for a discount. It pays for itself so don’t be put off my the money. Do the 34 day trial before paying for it. (Bonus: r/YNAB)
u/SteelSharpensSteel · 4 pointsr/marriedredpill

On What to Read


Here are some suggestions on books and websites:


The Millionaire Next Door by Stanley and Danko - https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474


If You Can by William Bernstein - http://efficientfrontier.com/ef/0adhoc/2books.htm


Free version is here - https://www.dropbox.com/s/5tj8480ji58j00f/If%20You%20Can.pdf?dl=0


The Investor's Manifesto. Preparing for Prosperity, Armageddon, and Everything in Between by William Bernstein - https://www.amazon.com/Investors-Manifesto-Prosperity-Armageddon-Everything/dp/1118073762


The Bogleheads Guide to Investing - https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/1118921283


The Coffeehouse Investor - https://www.amazon.com/Coffeehouse-Investor-Wealth-Ignore-Street/dp/0976585707


The Bogleheads' Guide to Retirement Planning - https://www.amazon.com/Bogleheads-Guide-Retirement-Planning/dp/0470455578


The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William Bernstein - https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio/dp/0071747052/


Total Money Makeover by Dave Ramsey - https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277


Personal Finance for Dummies by Eric Tyson - https://www.amazon.com/Personal-Finance-Dummies-Eric-Tyson/dp/1118117859


Investing for Dummies by Eric Tyson - https://www.amazon.com/Investing-Dummies-Eric-Tyson/dp/1119320690/


The Millionaire Real Estate Investor per red-sfplus’s post (can confirm this is excellent) - https://www.amazon.com/Millionaire-Real-Estate-Investor/dp/0071446370/


For all the M.Ds on here and HNW individuals, you might want to check out https://www.whitecoatinvestor.com/ and his blog – found it to be very useful.


https://www.irs.gov/ or your government’s tax page. If you’ve been reading, you know that millionaires know more than your average bear about the tax code.


https://www.reddit.com/r/TheRedPill/comments/7vohb3/money/


https://www.reddit.com/r/TheRedPill/comments/3hzcvn/financial_advice_from_a_financier/


https://www.artofmanliness.com/2017/09/22/4-money-tips-4-personal-finance-legends/


Personal Finance Flowchart from their wiki - https://i.imgur.com/lSoUQr2.png


Additional Lists of Books:


https://www.bogleheads.org/wiki/Books:_recommendations_and_reviews


https://www.whitecoatinvestor.com/books-4/


Subreddits


https://www.reddit.com/r/investing/


https://www.reddit.com/r/personalfinance/ - I would highly encourage you to spend a half hour browsing their wiki - https://www.reddit.com/r/personalfinance/wiki/index and investing advice - https://www.reddit.com/r/personalfinance/wiki/investing


https://www.reddit.com/r/financialindependence/


https://www.reddit.com/r/SecurityAnalysis/


https://www.reddit.com/r/finance/


https://www.reddit.com/r/portfolios/


https://www.reddit.com/r/Bogleheads/


MRP References


https://www.reddit.com/r/marriedredpill/comments/40whjy/finally_talked_to_my_wife_about_our_finances_it/


https://www.reddit.com/r/marriedredpill/comments/67nxdu/finances_with_a_sahm/


https://www.reddit.com/r/marriedredpill/comments/488pa0/60_dod_week_6_finances/ (original)


https://www.reddit.com/r/marriedredpill/comments/6a6712/60_dod_week_6_finances/ (year 2)


https://www.reddit.com/r/marriedredpill/comments/3xw015/how_to_prepare_for_a_talk_about_finances/


https://www.reddit.com/r/marriedredpill/comments/30z704/taking_back_the_finances/


https://www.reddit.com/r/marriedredpill/comments/2uzukg/married_redpill_finances_and_money/


https://www.reddit.com/r/marriedredpill/comments/3637q5/some_thoughts_on_mrp_and_finances/


https://www.reddit.com/r/askMRP/comments/8dwaqt/best_practices_for_finances_within_marriage/


https://www.reddit.com/r/marriedredpill/comments/588e5o/gain_control_of_the_treasury/


Final Thoughts


There are already a lot of high net worth individuals on these subs (if you don’t believe me, look at the OYS for the past few months). This should be a review for most folks. The key points stay the same – have a plan, get out of the hole you are in, have a budget, do the right moves for wealth accumulation. Lead your family in your finances. Own it.


What are YOU doing to own your finances? Give some examples below.


u/mattsepter · 4 pointsr/personalfinance

Total Money Makeover by Dave Ramsey
http://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277/ref=tmm_hrd_swatch_0?_encoding=UTF8&sr=&qid=
Trust me. You can like or not like the religious stuff, either way the money talk is spot on.

u/isestrex · 4 pointsr/personalfinance

Here's the book

/u/astupidfish, Dave Ramsey wrote this book exactly for people like you. I HIGHLY recommend you get a hold of it and devour it.

u/34Mbit · 4 pointsr/UKPersonalFinance

I'd strongly recommend you follow Dave Ramsey's approach. Seven steps to financial security, with the debt-snowball method.

If you have an Amazon wishlist, I'd be happy to buy his book for you.

u/LevelOneTroll · 4 pointsr/personalfinance

Heh, I'm still just at level one, so I find myself being more helpful than not. :)

If you'd read enough of my comments, the following probably wouldn't come as much of a surprise. I would not use more debt to handle my current debt.

What you've outlined here is a plan to borrow what amounts to about half of your gross income... and it's mostly unsecured debt (not backed by collateral), which is why you need a cosigner. These are all huge red flags!

My advice would be to pretty much do the opposite. Keep paying minimums on the credit cards, but pay extra on the card with the smallest balance. Once it's paid off, throw your extra money at the next smallest balance, and so on. This is going to take planning and being intentional with your money. Start making monthly budgets if you're not doing that already.

I'm not being ugly here, please understand, but your income is on the low side. I would pick up an extra part-time job and kick all of its income over to paying off the cards even more quickly. You could probably get an extra $500/mo by just delivering pizzas on the weekends.

After the cards are paid off, then you get to save up some cash (you'll find that you've got more of that sticking around now that the credit cards are gone), and buy a computer. Save a little more and buy a desk and chair.

I recommend picking up this book: Total Money Makeover. It's pretty much the only thing that gave me traction with getting out of debt.

Best of luck!

u/return2ozma · 3 pointsr/WhitePeopleTwitter

Follow the easy steps in this book and you'll be set financially for life.

The Total Money Makeover by Dave Ramsey
https://www.amazon.com/dp/1595555277/

u/jl1159 · 3 pointsr/DaveRamsey

This should give you tons of detail:
The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness https://www.amazon.com/dp/1595555277/ref=cm_sw_r_cp_api_RX6QAbXS34QY9

u/seven_deus · 3 pointsr/personalfinance

All right; go to your local credit Union; apply for an unsecured personal loan(s) with your wife.

Be prepared, they will give you a very bad rate 14% or more for 5 years but within 2 to 3 months your credit will go backup and then you can refinance (sometime you have to refinance for a bigger amount $500 mini) with a 7%-10% interest rate (still bad but better than 14%).

Keep in mind that this is a quick fix that does not cure the disease …You guys are out of control. This will help no doubt, but this is just the beginning...now you have to get rid of that debt asap and avoid credit cards like the plague.

Edit: I went to my local credit union because I had 21k in cc debt, now I have 19K in unsecured loan (to pay off 3 credits cards) at 13.9% due to my stupidity, I'd leave at that...
My credit score in January was 620 after 2 months went to 720 and now I am at 780 and I am thinking of refinancing to get a much lower rate very soon. Since then I have been following Dave Ramsey common sense principals that somehow I lost.


I use/read/listen:

mint.com

Everydollar.com

/r/ynab/ ynab.com

/r/DaveRamsey/ - Dave Ramsey

u/[deleted] · 3 pointsr/portugal

Se queres ler para aprender, dos temas que mencionaste aconselho-te IMENSO a leres sobre finanças. Perceber como o dinheiro funciona é uma das coisas mais essenciais na vida e a triste realidade é que a maioria das pessoas não sabe sequer fazer um budget para gerir o orçamento familiar.

É um dos melhores investimentos que podes fazer no teu futuro, não posso deixar de recomendar que comeces o quanto antes.

Algumas recomendações dentro do tema:

  • Rich Dad Poor Dad - é para ler com um grão de sal porque na minha opinião tem alguns conselhos que não concordo e em termos de investimento é focado em real estate, mas ainda assim é um bom livro introdutório para começar a pensar de forma diferente
  • Motley Fool Investment Guide for Teens - introdução ao investimento em bolsa, de forma muito simples
  • Total Money Makeover - princípios básicos de finanças pessoas que toda a gente devia saber

    Deves encontrar quase todos estes livros na fnac.
u/IvyRaider · 2 pointsr/CFB

Here you go. This, and Total Money Makeover changed my life (just don't listen to Ramsey's advice on mutual funds and stick with indexing per Bogle). Also, use YNAB to budget every cent that you come across.

TLDR:

  • save $1000 cash

  • snowball your debts

  • go back and save up to 6 months of bills (some suggest 12 months in this economy)

  • max your retirement. /r/personalfinance suggests the following

    a. contribute to your 401k up until company match

    b. contribute to your Roth until max

    c. go back to your 401k until you hit the limit

    d. now you can play with individual stocks

  • pay cash for everything. If you can't afford it, save.
u/Artheon · 2 pointsr/personalfinance

I'm confused, because you say rent is $850 but he lives with you so really your rent is only $425 out of your $1400 take-home... which isn't as bad as I thought since your rent and utilities is 1/2 your income instead of 90%.


r/YNAB will help regarding using YNAB.


Nick True's YNAB tutorial:
https://youtu.be/xPVEB759gkU


Dave Ramseys YouTube channel: https://www.youtube.com/user/DaveRamseyShow

Dave Ramsey's Total Money Makeover:
https://www.amazon.com/gp/offer-listing/1595555277/ref=mw_dp_olp?ie=UTF8&condition=all

u/completedumpsterfire · 2 pointsr/gis

You have a job and you haven't been there that long. Keep at it another year and it may or may not lead to another position at that same company. In the meantime, here is how you make sure that one year from now you can land any entry-level GIS job you want:

  1. Read this book, then start attacking your student loan with the power of 1000 suns.
  2. Keep working on SQL and python as well as HTML/CSS/JS as much as possible.
  3. Keep yourself unmarried, unpregnant, undogowning, and generally as responsibility-free as possible.
  4. Keep an eye on https://gisjobsmap.com/us and see what sorts of jobs pop up around the country while thinking about possible relocations, more than just Texas.
  5. Keep your chin up, if you put in the effort it definitely gets better!
u/philziegs · 2 pointsr/PersonalFinanceCanada

it all depends on the bank and individual, every bank has both good and bad financial planners, unfortunately the only way to find out is trial and error.....FP's quite often also wont take customers that dont have investment money, their main purpose in the banks is to deal with higher dollar value clients and help them come up with a plan for retirement and other major life events like kids college, starting a business, purchasing a vacation home etc....they are supposed to look at your entire financial situation and help you develop your financial strategy as it were.....typically every financial planner I have ever known in the bank (myself included) didnt work with beating debt for clients....reguar financial advisor (account manager or whatever they are called at your FI) should be able to do this for you, unfortunately the quality of a lot of them is even worse than the FPs.....if you want to try a financial officer go ask the receptionist to book an appointment, try to find who is booking the furthest in advance because they are most likely going to be the most experienced/longest tenured officer there and going to know more (assuming they are willing to help)......

 

I would highly highly recommend you check you a guy named Dave Ramsey he is one of the best resources I have ever seen and he lives for helping people get out of debt and build wealth the smart way....he is pretty extreme in some of his strategies but they do work! and if you dont want to follow exactly to the letter it just takes a little longer (eg. he says no going out to eat until you are outta debt, but my wife and I did while we were climbing out, we just made sure we budgeted for it elsewhere and it just made it a little longer getting out, but not by much if you stick to the budget)

 

This is the link for one of his best selling books, the link is amazon but you can get an e-version as well, its cheap and pretty entertaining and a great read cuz it walks you through the "baby steps" of getting out of debt and building wealth....he also does a daily radio show/podcast that is excellent to listen to and its free!

<https://www.amazon.ca/Total-Money-Makeover-Classic-Financial/dp/1595555277/ref=sr_1_1?ie=UTF8&qid=1469806019&sr=8-1&keywords=the+total+money+makeover>

this is the hardcover and its only 20 bucks, i think the softcover is a little less...they carry his books in chapters and any major bookstore

u/upcboy · 2 pointsr/booksuggestions

I highly Suggest The Total Money Makeover by Dave Ramsey

u/scrager4 · 1 pointr/ynab

Certainly don't try to boil the ocean and attack all debt at this point. Step one is to get current and stay current.

If you can buy it or find it at a library, I would recommend a read of Dave Ramsey's Total Money Makeover. http://amzn.com/1595555277 It talks a lot about how to get started and the vision of where you want to get to. One of the main points is to imagine a life without payments. Imagine what you could do with your money if you were spending todays money instead of tomorrow's money, because right now your payments are a result of spending tomorrows money for a long time.

You'll get there, but it may take some hard choices and tough decisions about lifestyle and needs vs wants.

u/moxiousmissy · 1 pointr/Random_Acts_Of_Amazon

Duuuuuuuuuuuuude! Epic! I want your book, I hope you meet your goal =)

This did not happen today, but I paid off my car the other day and I'm still feeling good about it.

While I don't 100% agree on everything this dude says, I'm hoping to work through this plan with my hubby. =)

MCubb may be just a tad bit excited today!"

u/ayoayo123 · 1 pointr/personalfinance

For beginners in finance, I like the Dave Ramsey show because he helps show you get out of debt quickly:

​

https://www.youtube.com/thedaveramseyshow?sub_confirmation=1

​

Check out his book The Total Money Makeover : https://www.amazon.com/gp/product/1595555277/ref=dbs_a_def_rwt_bibl_vppi_i0?fbclid=IwAR3x5-Psjr8-Djy0FVEXkoBgcH4Hzl99Zk6szjCn1hSXnUXmphkcVUslMmI

​

​

​

​

u/karlsmission · 1 pointr/phoenix

Buy yourself this book, https://amzn.to/2ILu90D. It will help you learn to budget, it even has forms in the back. As far as a/c make sure you figure out how to set times, and as others have said, let it get 80+ during the day when you are not there, and drop down after you get home. My largest bill last year was ~$350 on a 2600 sq/ft house with 6 people and my crypto miners running (lots of power/heat) you should be able to beat that easily.

Good luck.

u/thesteadydrop · 1 pointr/StudentLoans

As a follow up on the my and SilentKnightOfOld's comments, I have to admit that there is an emotional aspect to owing almost 300K of student loan debt. I have 135k and am going for PSLF (3.5 years in), and it still bothers me sometimes when I see my balance changing very little. However, I have gone through the decision process many times and keep coming back to PSLF.

Here's an article about dealing with the emotions of student loan debt.

Ramit Sethi talks about psychology and the "invisible scripts" we have in our lives in his book. Basically, they are lies that we taught from childhood, and we should really analyze them to see if they are true. One of the most common: "debt is bad".

Dave Ramsey extols the "debt is bad" line in his book. He also realizes some simple elements about the psychology of money, in that paying off the smaller debt (snowball), regardless of interest, is a better path for most people since they get a bigger emotional win from seeing that one line item of debt eliminated rather than just seeing the interest calculations proving they are saving money from paying the higher interest debt (avalanche).

While I like the PSLF program, I realize that it is not for everyone. Some people just want to slash every expense, pay off the debt, and be done. Kudos to them. But their tool is hammer, and not everyone's money problems are a nail.

Have a frank conversation with yourself, then choose the best repayment option.

u/harbinger06 · 1 pointr/personalfinance

I was in about that much debt, though am single with no kids, but also earned a bit less. I discovered Dave Ramsey’s Total Money Makeover and it really helped me bust through my own bullshit attitude of “I should have these things I can not afford.” It was normal to have a $200/month cable bundle. It was normal to eat out daily. Well as Dave says, “being in debt is normal!”

I was lucky to have an extra job land in my lap, and I earned about an extra $10,000 in 8 months. All of that went to paying down debt. Getting a good chunk paid down helped reduce the monthly payments all round, as well as asking sure everything got paid on time. I didn’t realize how much I was wasting every month on late payments, not to mention the damage to my credit score.

You’ve probably already considered this, but weigh your wife’s future income against what childcare will cost. No sense in working just to pay childcare. And perhaps if she stays home with the children she can find a way to earn money online and contribute that way.

Consider whether it would be beneficial to sell and move to a smaller/cheaper house. Your wife’s car being leased will probably be tricky to get out of, but may be possible. Just seriously examine each monthly expense (including subscription services) and decide “do I need this, or is it a luxury?”

Examine your bank statements for what you spend on other luxuries than sneak in, like coffee or fast food. You’ve listed your bills, but what other things might you be spending money on that you don’t even notice?

I got rid of cable, tightened up on shopping and fast food. It’s taken about 4 years but I’m almost debt free. And I’ll admit, I could have been stricter and gotten it done faster.

u/jerpois1970 · 1 pointr/personalfinance

I’d like to suggest a book to you. I actually prefer the audiobook version because the author is the one reading the audiobook version and adds some additional unscripted info.
It’s the simplest plan to reset your finances and get to a solid foundation to build wealth from. There are more complicated/ sexy/ advanced ways available. The thing that they lack is the simplicity. You can add complexity later.

The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness https://www.amazon.com/dp/1595555277/ref=cm_sw_r_cp_api_i_KLiXDbKVBH0Y2

u/Trugy · 1 pointr/personalfinance

The best ones are of course free, and both this subreddit and bogelheads have a wealth of knowledge. I try and watch a tutorial or read a story a few times a week on both


For how to create and stick to a budget as a young professional, I like Dave Ramsey. He has tons of good rules of thumb and pitfalls to avoid that will be useful for the rest of your life. He's a bit conservative though, and I don't necessarily agree with his cash only, no debt strategies.


https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277/ref=sr_1_1?ie=UTF8&qid=1480449960&sr=8-1&keywords=dave+ramsey


Suze Orman is another great author for younger people, especially when tackling big things for the 1st time like home ownership and loans


https://www.amazon.com/Money-Book-Young-Fabulous-Broke/dp/1594482241/ref=sr_1_1?ie=UTF8&qid=1480450023&sr=8-1&keywords=suze+orman


My top suggestion though is Rich Dad, Poor Dad. It's not as direct as many other personal finance books, as its more general advice on how to steer your financial life, but itss an incredible book


https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680011/ref=sr_1_1?ie=UTF8&qid=1480450131&sr=8-1&keywords=rich+dad+poor+dad

u/Eyimanewpizzaguy · 1 pointr/DaveRamsey

Heres what you want https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277/ref=pd_lpo_sbs_14_t_0?_encoding=UTF8&psc=1&refRID=S6DQH80441684GWGFX7P

You can be ultra Dave and pick it up at the library for free!

Or, consider FPU. Its $129 but you get a lot of bang for the buck. Its meant to be done as a couple. I was just fine reading the book but I pay for Every Dollar which is $100/yr (paid version). I might as well have done FPU. You can do the classes online if you dont want to go in person.
https://www.daveramsey.com/fpu#in-progress=0

u/Whit3y · 1 pointr/AskReddit

Read this. Skip over the Jesus freak parts but I can't recommend this book enough.

The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness https://www.amazon.com/dp/1595555277/ref=cm_sw_r_awd_HyaSub1BN0K8R

u/JohnnyKonig · 1 pointr/books

Here is my list, they are mostly books which have helped me to live a better life, so not so much suited for a bucket-list as books which should be read early in life:

u/BillWeld · 1 pointr/algotrading

Check out this book and stay away from the stock market until you know what you are doing.

u/attackuwiththenorth · 1 pointr/personalfinance

I was in much of the same position you are. My dad made plenty of money and paid my way through college, etc.

The best thing the man did for me was force me to take Dave Ramsey’s class on money management. It changed my life and view on money. I learned how to tell my money where to go instead of just wondering where it went. Because the whole class is kind of expensive, I suggest you just read his book “Total Money Makeover.” Here’s a link if you so desire.

u/mphouli · 1 pointr/NoStupidQuestions

10 year ago I was in the similar situation, the book below change my life. My family is now completely debt free including our home.

The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness https://www.amazon.com/dp/1595555277/ref=cm_sw_r_cp_api_J1OJBb1KGMDHM

u/chocolate_soymilk · 1 pointr/personalfinance

I don't have a great answer to that question. I would definitely try a private sale first. If in a couple months you don't get a bite (deal local and in person on craigslist, please), then try to sell it to a dealership or carmax, etc.

You two are great candidate for Dave Ramsey's plan - check out his book Total Money Makeover. It's a step by step plan to get out of debt, and it works well if you commit to it. It's very no-nonsense, and it has an enormous support community around the country and online.

u/r4d4r_3n5 · 1 pointr/technology

> Anyone have any idea how inefficient school and education are. People are spending 30 years of their lives in school, just to get ready for a job. 30 years. And that number isnt exactly getting smaller. When suddenly you have to be able to work multiple fields.

First, I don't know anyone that works 30 years in school. perhaps you mean that one is in school continually until they're thirty years old, which I also think is unlikely.

Second, I think that 'having to be able to work in multiple fields' is nothing new and not something to be avoided: My grandfather worked two jobs to support his family, landscaping during the day and working in the rail yard at night. Even in retirement, he practiced woodworking (wintertime) and small-scale farming (rest of the year). He performed pretty much all the repairs on his property himself (automotive maintenance to welding, drilling his own well, etc...) I myself have done analog and RF circuit design, programming, outside sales and product training, and that's just my current job.

>Not to mention the cost of living has gone up since the industrial revolution. There isnt exactly a lot of space in many countries, where you live in the city or you dont have any place to live. and its freaking expensive to live in the big city.

Not a lot of space in many countries? In the United States, a country of almost 314 million people, the average population density is less than 83 people per square mile. Denmark, on the other hand has an average population density of almost 337 people per square mile. Canada may be your best bet; it's only got one-tenth of the US population, and only 9 people per square mile on average.

You're on Reddit, so I assume you've got a technical background. Have you considered not living in a "freaking expensive" city? For example, Melbourne, Florida and the surrounding area has many technical companies, is very close to Kennedy Space Center, and has a reasonable cost of living. (Florida also has no state income tax, unlike my native Georgia.) I assume that as part of living in the EU, it wouldn't be too hard to go to another, lower-cost area and still find employment

> Someone on reddit once posted something about older generations being able to buy a house for was it one months salary i think. Yeah goodluck with that today, takes 20years salary to buy a house, if you take the average salary.

I've never seen this. All the references I've been able to find say the historical price for (new) houses is about three times the median annual salary for the country, and that is apparently true across most countries.


We live a fabulously wealthy world. When we have a guy with a pencil sharpening business, and people apparently pay him to sharpen their pencils for them, they can't be all that poor, can they?

I know he's from Tennessee, but would you consider looking at Dave Ramsey's The Total Money Makeover? I'm sure that you won't find it 100% applicable as I'm sure things in the EU work differently than in the United States, but his philosophy of money and wealth are universal.

u/AnOddOtter · 1 pointr/IWantToLearn

I can recommend a couple resources to get you started. One is the subreddit /r/personalfinance. There is all kinds of useful information on there that can help you. The other is the book The Total Money Makeover by Dave Ramsey. It is quick read. If you do the audiobook it is less than 4 hours. You can almost certainly get it from your local library for free, maybe even as an ebook or digital audiobook.

A very very brief simplistic explanation is that it uses a snowball approach to your finances when in debt. List out all of your monthly expenses from lowest to highest, establish a small emergency fund, then pay off the debts from lowest to highest. When you pay off the lowest one, start applying that now freed up expense to the next lowest. I know that saying to establish an emergency fund is /r/restofthefuckingowl material for this question, but I'm just giving a summary of the ideas.

An example is if you have two debts. One for $200 that you have a minimum paying of $10/month on. Second is for $1000 that you have a minimum paying of $50 on. Each month you pay the $50 minimum on the 2nd and as much as you can on the first one, we will say $25 for this. In 8 months you pay off the first loan, so in the 9th month you roll that $25 into the second loan, and start paying $75/month on it

That's the gist of Total Money Makeover, but I can give you another tip that has helped from my personal experience. It sounds like a discipline problem of spending money when you know you shouldn't. Open a savings account and use direct deposit to automatically put $10, 20, or whatever is appropriate for your paycheck into that savings account. Since it will never hit your checking account you just pretend it doesn't exist.

u/thedoc617 · 1 pointr/ADHD

Dave Ramsey!

What he teaches REALLY helped me. Cut up my credit cards and do cash only things or debit card, and did the debt snowball to pay down the lowest ones first (regardless of interest).

What are you passionate about? Hobbies? I bounced around in 4 different majors before I found Theatre Arts, got a degree and then decided to become a professional pet stylist. (dog groomer). At least I do it with flair!

I'm not particularly religious, but there is a class that is offered in many Christian churches that you have other like minded individuals also trying to get out of debt. (He does reference the bible and some religious teachings, but it's not littered in it)

u/MinutesOnAScreen · 1 pointr/personalfinance

You've already gotten a lot of good advice. But I wanted to say that filling for bankruptcy is not going to help you if you make less than you spend. It will screw up your credit and you will still be living off credit cards. Once you cut your expenses and gain more income, start working at paying off the highest rate CC first. You might want to consider getting a book like The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness"

Also, since she is staying home with your son, maybe she could take in another child to watch.

u/Aitikulta · 0 pointsr/RedPillWomen

Was it your SO? Was it your own choice?

We have 3 small children and I currently work full time in a nursing job. I was trying to do it all caring for my patients at work, being a mom, being a good wife, keeping up with the housework and all the kids activities and schooling. I found it was impossible to keep in top of it all and suffered a nervous breakdown a few months ago. My husband was the first to bring up me being a SAHM but I didn't initially want to as I was worried we wouldn't have all the vacations and frivolous things we currently can afford. My therapist then brought up the same thing and asked me if I was happy right now with my 1 vacation and year and frivolous things. The answer was no and neither are my kids and husband. We sat down and ran the numbers and we spend 50% of my salary on childcare and we were about to hire a maid so that would've taken more of my salary. The decision was easy.

How did it impact your life? Do you consider your financial stability is great on your SO's salary?

I'm not quitting for another 6 months, we need to make sure we have all our debts paid (credit card and line of credit) so all we will have is out mortgage. Things will be tight but the kids have been so happy since I've been off work. The house is in order, my husband only has to focus on his career and my kids can spend more time with me as I'm not struggling each night to get a days worth of chores (laundry, dishes, lunch and dinner making) done in a 2-3 hour period. Vacations are off the table as are pricey meals out and things like mani-pedis, but at the end of the day my marriage is stronger and so is my relationship with my precious children. Yes our finances are strictly on my husband but when the kids are older and don't need me as much we have talked about me getting a part time job that I can do when they are in school and still be home to pick them up from the bus.

Do you have any concerns about the future?

The future is never a given so I am trying to do the best by family and husband that I can in the present. If finances or health scares caused me to need to work again, I would in a heartbeat but for now this is the best for husband and kids.

Please tell me a bit about your experiences.

I head back to work in a few weeks and I'm dreading it but I have an end game in sight and a wonderful husband who supports me. He loves that I'm currently at home. He said coming home to a happy wife, clean home and happy kids is the best feeling as it makes him going to work worth it.

My biggest fears about staying at home are:

-SO meets another woman who contributes financially

I think this is a common fear for SAHW because their spouse us surrounded by other women 24/7. If you're keeping up with the housework and other necessities, taking care of yourself physically and mentally and are satisfying him physically I don't think there's anything to worry about. He chose you because of who you are as a person and if you keep up your end of the bargain he will too.

-SO leaves me and I have no savings /work experience

The future is never certain but if you trust him to marry him and he the same to you I think you will be fine. You just need to keep working on yourself and the house like it's your job, because it is. Don't fret over maybes, or you will drive yourself crazy. If he's a good man he will take care of you.

-Be poor

Money may be tight and that's a real consideration but if you are both smart with your spending and have a budget than it won't be that bad trust me. I highly recommend Dave Ramseys book "The Total Money Makeover" it changed our lives. I also can't say enough about Dr.Lauras book "In Praise of Stay at Home Moms".

Links to both books (both has a slight religious slant but as an agnostic I had no issue)

http://www.amazon.com/Praise-Stay-at-Home-Moms-Laura-Schlessinger/dp/B005SNO0L4

http://www.amazon.com/gp/aw/d/1595555277/ref=mp_s_a_1_1?qid=1453678813&sr=8-1&pi=SY200_QL40&keywords=total+money+makeover&dpPl=1&dpID=51g2DdD31VL&ref=plSrch

u/KrozFan · 0 pointsr/GetMotivated

The Total Money Makeover by Dave Ramsey. It's not a motivational book or anything like that but it's what got me out of debt and really got me started with goal setting and personal improvement. It was more of his radio show than the book for me though.