Book Notes – The Total Money Makeover

Over the last few days, I decided to re-read Dave Ramsey’s The Total Money Makeover just to skim it and go through anything I might have missed. I read this book about 8 years ago when finances were more tight, and a lot of the information is pretty helpful.

The takeaway I got after reading a second time was that this book works well for someone that doesn’t have much of an idea on how to handle finances. For someone without any opinion on how to manage their money, this provides a pretty simple workflow to get yourself on the right track.

However, if you’re someone who has more experience, you’ll probably find this book doesn’t teach anything new. Re-reading it the second time, nothing notable came out to me as something I was missing in my financial management. Another issue is that there are a few somewhat controversial ideas that don’t apply if you have decent discipline (avoiding credit use, paying down a house 100%, or only using 15 year mortgages come to mind) that can end up hurting you in the long run.

A couple major points: