Total Money Makeover.

[Jdotsturn]

Ive been reading this book by Dave Ramsey.

I think its pretty interesting. It's stuff we already know about managing our own finances but never really do.

Its a good book to motivate oneself to actually get going on getting your debt down and building that savings account.

https://beta.daveramsey.com/shop/renderImage.image?imageName=drstore/books/bk_tmmo_book.jpg

If anyone has read it or heard his talk shows..

DISCUSS :wan:

[Dorifto89]

Step one: Don't use money you don't have.

Step two: Set up an ordinary annuity (or something of the sort) and start making payments as soon as possible.

Step three: Work. Continue putting payments in.

Step four: Retire. Take investment from bank and put it in a payout annuity.

Step five: Factor in a cost of living adjustment.

Step six: Relax.

[touge monster]

It's quite simple.

Have more assets than liabilities.

[Jdotsturn]

Easier to say it than to actually go head and do it.

I work at a bank and I see it all day.

People with $30k- sitting in their savings/checking accts, with $90k on line of credits, or $50k on their credit card and they are making minimum payments. It just doesnt make sense.

i think its funny/sad