What if you were required to share the details of your current financial situation with all of your extended family and friends? Would you be excited about that? Or would it terrify you? If you would be overcome with panic, embarrassment, and sometimes even shame, you are not alone! Read on to find out how the best money book can help you!
What if I told you that your unorganized finances do not have to stay that way?
In fact, you can actually take proven steps that will give you more freedom and less stress in your money situation.
Yes, there is hope!
Did you know there is a money book with a proven plan available to you that will change your financial life forever if you do the steps? (And it may even be available at your local library!)
In this blog post, I want to share 10 reasons why the best personal finance book (after the Bible) will change your life!
And The Total Money Makeover by Dave Ramsey is a whole lot cheaper than hiring a financial planner!
10 Reasons The Best Money Book Will Change Your Life
Here’s what will happen if you follow the steps in Dave Ramsey’s book:
1. You will get rid of money stress once and for all.
What if you no longer had to live paycheck to paycheck?
Imagine not losing sleep over your debt situation.
Suppose you are actually able to pay your bills on time because your finances are organized.
Would that relieve some of the stress in your life?
For many people, money is one of the biggest stresses of life. But sadly, we often create some of our own misery when it comes to handling money.
Sometimes when we read the stories of others who have worked to become debt free, we think it is not possible for us.
But I have great news for you!
Dave Ramsey’s book gives a step-by-step plan that you can start right away. It is loaded with stories of ordinary people just like you and me, who have eliminated money stress completely by following Dave’s wise advice.
And these are not rich people.
Lots of them are middle income. Some you might even consider low income.
But they have learned to steward their money well and make it work for them.
You can do it too!
2. You will pay off all of your debt with a solid, proven plan.
Have you ever thought about what your life would be like if you had no debt payments?
Would you sleep better at night?
Consider all the things you could do with that money instead!
Getting rid of the debt is one of the first steps in The Total Money Makeover. And this book will seriously inspire you to see the possibilities within your grasp.
But you must be ready to commit and focus on getting rid of that burdensome debt.
Related: 5 Beginner Steps to a Simple Budget
3. You will actually have a growing savings account.
Doesn’t that sound great?
When your debt is gone, you will be able to save SO much more money! Your savings account will actually grow quickly.
In fact, you will actually be able to maintain multiple savings accounts for different areas.
So when the car breaks down, you won’t even be stressed about it.
When the air conditioner in your home needs repair, you won’t even be worried. Because you’ll have it covered.
I love the way Dave Ramsey says that these types of repairs will no longer create a financial crisis. They will only be a minor inconveniences.
You will be able to pay for them and then go on your way.
If you do not currently have a growing savings account, you will continue to experience the stress that comes from those inevitable expenses that a regular monthly check just will not cover.
4. An Emergency Fund will be ready when you need it.
You will be able to fully fund a true emergency account, reserved for true emergencies, such as job loss. Emergencies are things you hope never happen, but you are prepared if they do.
By following the strategies in The Total Money Makeover, you will enjoy the peace of mind to know that if you were to experience a job loss or another real emergency, you would have enough money set aside to cover your expenses for at least 3-6 months.
5. You will be able to invest in your retirement.
If you are living paycheck to paycheck, it may seem that investing will never be within your reach.
But when you free up your income by eliminating your debt, even this is within your grasp.
Old age is on the horizon for everyone, including you and me.
And it’s coming quicker than we realize.
Planning now for that time will enable you to live all of your years with dignity.
6. You will be able to help your children pay for college.
The cost of college is mind-blowing! It grieves me to imagine my children being burdened for years with student loans. My own children have had to take out some loans, but we are trying to help them keep that to an absolute minimum.
Have we made financial mistakes along the way? Oh, yes. Yes, we have.
But since we have wiped out debt, we are now able to help pay for college, which means fewer loans.
Although I have always been frugal-minded, I wish I had been able to read The Total Money Makeover when our children were young!
But hey, it’s never too late to start!
If you are wise now, you will be glad you prepared for the college years.
7. Your home mortgage will be paid off.
A home mortgage is a big chunk of change for everyone.
Can you imagine no longer needing to pay it?
In The Total Money Makeover, Dave shares many stories of people who have paid off their houses, some of them at a younger age than you think. We are not there yet, but do I believe it can be done?
Yes, I am certain it can be done, and we are on our way! And you can do it too!
8. Helping others will become a way of life for you by giving more than ever.
As Christians, we know that our Lord Jesus said, “It is more blessed to give than to receive,” and that “God loves a cheerful giver.”
The truth is, when your money is so tied up in bills and debt, you will feel trapped.
On the other hand, if your finances are in order, and your debts are paid off, you can make an impact for good in the lives of many.
Are you ready to leave a legacy like that?
With the steps outlined in the best money book, you can do it!
9. You will be able to build wealth to provide for your own needs as well as being able to help others.
Wow! Imagine being able and free to do both of those things!
If you are free from debt payments, and your mortgage is paid off, how much money would that free up for you?
You will be able to use your income to build wealth.
Not for sake of “getting rich”.
But rather, to be able to provide for your family’s needs as well as being able to help others in need.
If you are stewarding your money well in this way, the goal of the wealth should not be for greedy purposes, nor for building wealth for the sake of becoming rich.
The goal here is to live your life as a good steward of all the Lord has provided, for His glory.
This includes money.
Imagine being able to actually help someone who is in need. It is one of the greatest feelings in the world!
Imagine how you could partner with others to fund all sorts of projects and mission trips in order to bring the Gospel of Christ to lost souls!
What an opportunity! Imagine the joy you would experience!
And ultimately, imagine when you will hear these words from the Lord Jesus Himself, “Well done, good and faithful servant.”
And don’t we all long to hear the Lord say that to us? I know I do and I bet you do too!
10. You can attain financial freedom.
Financial freedom that comes from good stewardship of God’s gifts is a noble goal, and one worth pursuing for the glory of God, the good of your family, and the good of the many lives you could impact.
The Total Money Makeover is the best money book to help you on the road to financial freedom. Dave Ramsey outlines the steps that have helped thousands of ordinary people, just like you and me, to crush debt and free up their income to be used for good. Do not delay another day to start implementing these strategies. The sooner you start, the sooner you will be able to attain financial freedom.
YOUR TURN: Do you feel burdened by your financial situation? Do you hit roadblocks when you try to get your money in order? What is your biggest struggle with finances? Please share below in the comments!