Dumping Debt

by Dave Ramsey

Debt is a tool and should be used to help create prosperity. Debt isn't used by wealthy people nearly as much as we are led to believe.Debt is dumb. Most normal people are just plain broke because they are in debt up to their eyeballs with no hope of help. If you're in debt, then you're a slave because you do not have the freedom to use your money to help change your family tree.It takes a lot of will, discipline, courage and help to slay the debt monster. But it can be done. Imagine how much you could put toward retirement if you just didn't have a stinking car payment? This is how the wealthy really build their wealth. Debt is dumb. Welcome to the real world!The myth has been sold that we should use OPM (other people's money) to prosper. The academic garbage is spread really thick on this issue. My contention is that debt brings on enough risk to offset any advantage that could be gained through leverage of debt.

Genres: Personal Finance, Finance, Money, Nonfiction

Audio CD

First published January 1, 2003

About the author

Dave Ramsey is America’s trusted voice on money and business. He’s a #1 National bestselling author and host of The Ramsey Show, heard by more than 18 million listeners each week. Dave’s eight national bestselling books include The Total Money Makeover, Baby Steps Millionaires, and EntreLeadership. Since 1992, Dave has helped people take control of their money, build wealth, and enhance their lives. He also serves as CEO of Ramsey Solutions.

Reviews

[Lindsay · Rating 5 out of 5]

Very motivating and inspiring!

[Svetlana Kurilova · Rating 5 out of 5]

Entertaining, educational and actionable. Definitely, the book I will be coming back to on a regular basis to re-evaluate my strategy in building financial stability and completely getting off debt (all over again!).

[John · Rating 4 out of 5]

Entertaining during my drive to Copper Mtn.- really made me think and yes, I did shred MOST of my credit cards. I kept 3 - 1 debit and 2 for business use. Also motivated me to set-up a debt pay-off plan that I beleive will work. Created a spreadsheet for tracking and measuring my goals / objectives.

[Charles · Rating 4 out of 5]

This is an awesome course!! More people - esp. the church needs to take this course. Because we are to be the head and not the tail (in debt).

This is a course I am taking at work. That's awesome - that our company values this and is willing to provide it our its employees.

[Stacey · Rating 4 out of 5]

Maybe on DVD it would have been better, but basically its the begging of The Total Money Makeover. This one was brief and to the point, but your better off investing your time/money in TTMM book in whole.

[Paul · Rating 2 out of 5]

Didn't have much debt to dump, but it convinced me to dump it! It's good to be debt free.

[Ddspoons · Rating 5 out of 5]

So far EVERY THING that Dave does has been GREAT!

[Jessica · Rating 3 out of 5]

Pretty good read, helpful to anyone who makes money. A little repetetive but still good. I like The Total Money Makeover better.

[Barbie Thompson · Rating 5 out of 5]

ouch not my card???

[Melissa · Rating 5 out of 5]

I took his Financial Peace University classes and it has opened my eyes to being debt free! We are trying to follow it and not have the unneccessary debt!

[Jan · Rating 4 out of 5]

This is about the same as the total money makeover book, but with a lot less detail. I liked it, but I like the total money makeover book better.

[Kaz]

-- not rating as it was listened to in order to find any hiccups in disk not for content.