The Total Money Makeover by Dave Ramsey

Dave Ramsey is well known in American as the baby Steps Guru.

Until I came across his shows on tele and you tube, I didn’t appreciate the value of having an emergency fund.

He likens us adults as a kid in a candy shop who falls on the ground screaming, I want sweet, I want sweet, he said rather than scream, we bring out the credit card. 

I found this book very enlightening, down to earth and easy to read. 

He also says that you can build wealth, it’s one to read, because you will find other people who have done exactly those things that you might be doubting whether it’s possible. 

This book is different in the sense that it takes a behavioural approach to getting out of debt, where you pay off the smallest debt first,”

The idea is that seeing that debt gradually go to zero would give you the motivation to keep paying off other debts which ‘snowballs’ and gives you the motivation to pay it all off.”

There are many testimonials in the book who attest to doing just that.