Financial Peace Revisited
by Dave Ramsey
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List Price: $23.95
Our Price: $12.00
Your Save: $ 11.95 ( 50% )
Availability: Usually ships in 24 hours
Manufacturer: Viking Adult
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Average Customer Rating:  
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Binding: Hardcover
Dewey Decimal Number: 332.024
EAN: 9780670032082
ISBN: 0670032085
Label: Viking Adult
Number Of Items: 1
Number Of Pages: 352
Publication Date: 2003-01-27
Publisher: Viking Adult
Studio: Viking Adult
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Spotlight customer reviews:
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Customer Rating:
Summary: You'll never regret getting your finances in order
Comment: I took the Financial Peace University class and received this book along with the class materials. Dave Ramsey is a special financial adviser in the way that his advice focuses on changing financial management behavior first and then getting into the more in-depth details later.
There are a lot of reviews and descriptions here, so I'll keep my thoughts on this simple: check out the book, take the program, and you will not regret it. This works if you apply it from my experience and the experiences of those I know who took the class. This isn't a quick fix: it'll take you a couple months to get the hang of things and some time after that to get your finances in order.
If you're serious about changing your financial future, you should really take the class, too. It's cheap and they are conducted throughout the country.
Customer Rating:
Summary: I wish I would have known this a long time ago. But still helpful now!
Comment: Dave Ramsey makes everything so simple. I just wish I would have had this information in my 20s or even younger. It is changing my life. It gives me hope and promise.
Customer Rating: 
Summary: Well intended, but for the most part misguided
Comment: Ramsey offers some good thoughts, but the examples offered are at best questionable. First, I agree that debt is a burden when used incorrectly, but Ramsey seems to tag debt itself as an immoral product of lenders. Debt does not have a moral character; debt is a tool, much like a pick or shovel, when used correctly it has benefits, when incorrectly it can create problems. Ramsey offers this advice when buying a car without cash to purchase. Buy a '$5700' car to arrange for payments of $100, rather than a new $23,000 car with payments of $300. Invest the difference, $200, for seven years to save for the next car. Ramsey uses an investment return rate of 10%. I can't think of any reasonable investments that will yield an average of 10% a year for seven years, especially with an initial investment of $200. Nearly all cars in a recent search of AutoTrader.com in such a price range had well in excess of 100k miles and many were nearly 10 years old. Maintaining a car with age or mileage such as these would be an expense that would likely exceed the savings of $200 per month, unless you are good at car repair. Nor does Ramsey comment on the fact that lenders charge much higher rates on older used cars, rates of 18% (or more) are likely. A much better alternative would be a newer used car, especially one without the bells and whistles, that would have factory warranty remaining. Accelerate the payments, if the payment is $350, pay $450 in order to retire the debt with as little cost as possible, when the loan is repaid, direct that payment to savings. Take care of the car and keep it until repairs exceed the value of the vehicle.
Ramsey recommends investing in mutual funds as a primary investment vehicle. He then gives examples of the poor return when investing in the NYSE, stating that a dart board approach for picking stocks is nearly as effective as professional investors (he is right about this, because of the short time frame allocated the investment). I don't know who he thinks invests the money placed in mutual funds or what they invest in, but he again assigns the NYSE almost a moral character. Mutual funds usually have expensive 'loads' and have ongoing fees assessed against your investment. If you don't have the time to investigate your investments with some detail, mutual funds are okay, but a better approach is investing your money in the market based on YOUR research. There are many resources to help you do this that doesn't require a great deal of technical knowledge. Investing in anything requires your due diligence and on going follow up. Stock in solid firms that pay a dividend offer the opportunity for a good reward for long term investors.
Buy 'The Richest Man in Babylon' and a good investment book, you will be better served.
Customer Rating:
Summary: This Book will Help you . .
Comment: I have read 4 of Dave's books. I would rank this # 2 behind The Total Money Makeover or the Workbook version of the same title. The concepts are similar to the Total Money makeover but less examples of how to do things and how to put into practice versus The total Money makeover. On that basis, I would recommend reading the Total money makeover first, then this one for other insights. This book does still give you the groundwork of how to do it (get out of debt) and put into practice healthy habits that will make you rich over time.
Customer Rating:
Summary: Required Reading!
Comment: I checked this book out from my local library. It has changed my life and finances for the better. I am in far better financial shape now than when I was addicted to debt. I bought Dave's other book for my brother and I am now buying this one for my neice's wedding. I just wish that someone gave me this book 22 years ago when I got married!
I approach is simple. Get out and stay out of debt using his baby steps. I recommend listening to his radio show to help reinforce the principles of the book and provide encouragement.
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Editorial Reviews:
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Customer Rating:
Summary: You'll never regret getting your finances in order
Comment: I took the Financial Peace University class and received this book along with the class materials. Dave Ramsey is a special financial adviser in the way that his advice focuses on changing financial management behavior first and then getting into the more in-depth details later.
There are a lot of reviews and descriptions here, so I'll keep my thoughts on this simple: check out the book, take the program, and you will not regret it. This works if you apply it from my experience and the experiences of those I know who took the class. This isn't a quick fix: it'll take you a couple months to get the hang of things and some time after that to get your finances in order.
If you're serious about changing your financial future, you should really take the class, too. It's cheap and they are conducted throughout the country.
Customer Rating:
Summary: I wish I would have known this a long time ago. But still helpful now!
Comment: Dave Ramsey makes everything so simple. I just wish I would have had this information in my 20s or even younger. It is changing my life. It gives me hope and promise.
Customer Rating:
Summary: Well intended, but for the most part misguided
Comment: Ramsey offers some good thoughts, but the examples offered are at best questionable. First, I agree that debt is a burden when used incorrectly, but Ramsey seems to tag debt itself as an immoral product of lenders. Debt does not have a moral character; debt is a tool, much like a pick or shovel, when used correctly it has benefits, when incorrectly it can create problems. Ramsey offers this advice when buying a car without cash to purchase. Buy a '$5700' car to arrange for payments of $100, rather than a new $23,000 car with payments of $300. Invest the difference, $200, for seven years to save for the next car. Ramsey uses an investment return rate of 10%. I can't think of any reasonable investments that will yield an average of 10% a year for seven years, especially with an initial investment of $200. Nearly all cars in a recent search of AutoTrader.com in such a price range had well in excess of 100k miles and many were nearly 10 years old. Maintaining a car with age or mileage such as these would be an expense that would likely exceed the savings of $200 per month, unless you are good at car repair. Nor does Ramsey comment on the fact that lenders charge much higher rates on older used cars, rates of 18% (or more) are likely. A much better alternative would be a newer used car, especially one without the bells and whistles, that would have factory warranty remaining. Accelerate the payments, if the payment is $350, pay $450 in order to retire the debt with as little cost as possible, when the loan is repaid, direct that payment to savings. Take care of the car and keep it until repairs exceed the value of the vehicle.
Ramsey recommends investing in mutual funds as a primary investment vehicle. He then gives examples of the poor return when investing in the NYSE, stating that a dart board approach for picking stocks is nearly as effective as professional investors (he is right about this, because of the short time frame allocated the investment). I don't know who he thinks invests the money placed in mutual funds or what they invest in, but he again assigns the NYSE almost a moral character. Mutual funds usually have expensive 'loads' and have ongoing fees assessed against your investment. If you don't have the time to investigate your investments with some detail, mutual funds are okay, but a better approach is investing your money in the market based on YOUR research. There are many resources to help you do this that doesn't require a great deal of technical knowledge. Investing in anything requires your due diligence and on going follow up. Stock in solid firms that pay a dividend offer the opportunity for a good reward for long term investors.
Buy 'The Richest Man in Babylon' and a good investment book, you will be better served.
Customer Rating:
Summary: This Book will Help you . .
Comment: I have read 4 of Dave's books. I would rank this # 2 behind The Total Money Makeover or the Workbook version of the same title. The concepts are similar to the Total Money makeover but less examples of how to do things and how to put into practice versus The total Money makeover. On that basis, I would recommend reading the Total money makeover first, then this one for other insights. This book does still give you the groundwork of how to do it (get out of debt) and put into practice healthy habits that will make you rich over time.
Customer Rating:
Summary: Required Reading!
Comment: I checked this book out from my local library. It has changed my life and finances for the better. I am in far better financial shape now than when I was addicted to debt. I bought Dave's other book for my brother and I am now buying this one for my neice's wedding. I just wish that someone gave me this book 22 years ago when I got married!
I approach is simple. Get out and stay out of debt using his baby steps. I recommend listening to his radio show to help reinforce the principles of the book and provide encouragement.
Dave Ramsey knows what it's like to have it all. By age twenty-six, he had established a four-million-dollar real estate portfolio, only to lose it by age thirty. He has since rebuilt his financial life and, through his workshops and his New York Times business bestsellers Financial Peace and More than Enough, he has helped hundreds of thousands of people to understand the forces behind their financial distress and how to set things right-financially, emotionally, and spiritually.
In this new edition of Financial Peace, Ramsey has updated his tactics and philosophy to show even more readers:
€ how to get out of debt and stay out
€ the KISS rule of investing-"Keep It Simple, Stupid"
€ how to use the principle of contentment to guide financial decision making
€ how the flow of money can revolutionize relationships
With practical and easy to follow methods and personal anecdotes, Financial Peace is the road map to personal control, financial security, a new, vital family dynamic, and lifetime peace.
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