Dave Ramsey’s Financial Peace Revisited is an awesome book. This easy reader began by making financial problems relatable to a middle class worker. In the beginning, Ramsey started off by sharing some of his financial experiences. He expresses how at the age of twenty-six, he thought life was sweet. He was able to continually borrow money because of established connections. Until one day, the company was bought out by a larger company. This sent Ramsey and his family into a spiral of financial issues. He was in about 1.2 million dollars of debt that would have to be paid back in ninety days. Not only does Ramsey book teach us about the reality of borrowing, he teaches the value of a dollar, consistency, and how to plan. When reading, there …show more content…
Ramsey wrote about how when we were younger, we did not mind spending money on anything. A price did not matter in regards to what we want. Now that I have to spend my own money I see why Ramsey suggests to plan. Every priority for spending should be listed out. Listing every bill, charitable gift, and miscellaneous payments help to see how much is needed in comparison to what your income is. Often times the income and the monthly expenses are the same, and this is okay. Ramsey help me to see that not all expense will necessarily come out at the same time. Once you have developed an effective plan for where the money will be spent, you have to be consistent. Consistency is a tough act to hold firm to. There will always be penny pinchers who want to borrow. As a someone trying to reach “financial peace” you have to learn to say no. Ramsey stated in his book to reflect on who you are giving to, how much you are giving, and why. The analogy he used was are you giving a drink to a drunk. This really stuck with me. There will always be those around you who are leeches with bad habits. As a good friend or relative, you just have to be honest with them as well as yourself. If you constantly give and take away from your priorities, what will you be left with in the end? Honestly, nothing. You will end up in the same financial bind, and no way