The Total Money Makeover program is built on this underlying principle: if you will make the sacrifices now that most people won’t, you can live later in a way that most people can’t. Do get a copy of our full 13-page summary for more details or get the full mojo from The Total Money Makeover book. We’ll now outline how you can improve your financial health. In this book, Ramsey (i) explains various financial principles vs myths, (ii) a 7-step plan to transform your life, and (iii) injects hope/inspiration through stories of people who’ve successfully applied the plan. The real challenge is in adopting them and taking concrete action to change the way you think and live. The principles in this book are not new, and are actually very simple. Transforming your financial situation is about 20% know-how and 80% action. In this summary, we’ll outline the foundations and 7-step plan for your total money makeover-if you embrace these ideas and implement the steps consistently, you will become financially healthy and transform your life.įor the full details, examples and tips, do get a copy of the book, or get a detailed overview with our complete book summary bundle. The Total Money Makeover by Dave Ramsey debunks modern myths about money and debt, and provides a proven step-by-step plan to help you become debt-free and wealthy. 88% of graduating college students have credit-card debts before they have jobs, 60% of Americans don’t pay off their monthly credit card bills, and 49% of American families only have enough savings to last less than 1 month if they lose their household income.

A shocking number of Americans are in poor financial health.

The money makeover