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Financial Peace Revisited
 
 
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Financial Peace Revisited [Hardcover]

Dave Ramsey (Author)
4.5 out of 5 stars  See all reviews (138 customer reviews)

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Book Description

December 30, 2002

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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Financial Peace Revisited + The Total Money Makeover: A Proven Plan for Financial Fitness + The Financial Peace Planner: A Step-by-Step Guide to Restoring Your Family's Financial Health
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Editorial Reviews

From Publishers Weekly

An updated, expanded version of Ramsey's first book about overcoming debt and managing personal finances, this edition boasts new chapters on the relationship between money matters and family matters. (Originally self-published in 1992, Financial Peace had its sales bolstered by Ramsey's eponymous personal finance radio talk show; the 1997 Viking edition became a business bestseller.) When it comes to solving money problems, Ramsey knows whence he speaks: he had made and lost a real estate fortune by age 30. His straightforward guide to fiscal tranquility covers the basics of career (work hard in a job you're good at), savings (sock away 10% of your take-home pay), investments (invest long-term with pretax dollars) and spending (live below your income). The new chapters offer financial advice for singles, spouses and parents-agreeing on money matters, Ramsey says, leads to "fabulous unity" in a marriage. Commentary from Ramsey's wife, Sharon, concludes each chapter; while often a bit drippy ("Communicating with those closest to you is important. A lot of times this will be your spouse or your best friend"), it puts another reassuring layer on an already warm (sometimes Christian-themed) and helpful text.
Copyright 2002 Reed Business Information, Inc.

About the Author

Dave Ramsey, the nationally-syndicated radio host of "The Money Game" and bestselling author, has helped thousands through Financial Peace University-a 12-week financial planning program. He presents seminars in churches and corporations throughout the country. He holds a degree in finance and real estate and lives with his family in Nashville Tennessee.

Product Details

  • Reading level: Ages 18 and up
  • Hardcover: 326 pages
  • Publisher: Viking Adult; Revised edition (December 30, 2002)
  • Language: English
  • ISBN-10: 0670032085
  • ISBN-13: 978-0670032082
  • Product Dimensions: 9.3 x 6.3 x 1.2 inches
  • Shipping Weight: 12 ounces (View shipping rates and policies)
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (138 customer reviews)
  • Amazon Best Sellers Rank: #3,837 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews
62 of 63 people found the following review helpful
Format:Hardcover
The original edition of this book was the first book I read on personal finance and I still think it's the best one out there. Dave's personal story of how he lived the "rich lifestyle" and then lost it all really speaks to the myth of "having it all". He makes the point that we don't have to "have it all" (or "own it all") to be happy. That said, he offers a very solid and straight-forward plan on how to break out of the debt cycle and save for the future. The book includes a number of ways to change your thinking and your habits to make you more financially secure.

Since reading this book, I have put many of his ideas into practice. There is nothing that has added to my personal happiness and security more than knowing I have an emergency fund to cover expenses if something unexpected happens. I am also almost debt-free and have money saved for retirement.

I have recommended this book to others and have even bought a copy (I originally read this at the library) just so I can read it again and lend it to friends. Everyone needs to read this book!

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89 of 93 people found the following review helpful
Top On My List April 1, 2006
Format:Hardcover
I've read at least two dozen books on money management and wealth creation, including the Rich Dad series (which is also great by the way), and I have to place this book in the number one spot. I've purchased copies for many friends and family members and continually recommend it to people in my seminars. I really believe it can change your life... it did for me.

I was working hard and earning a great income of more than $100k per year, but I was also spending it all. Then changes came and I plunged down, suddenly, to less than $35k per year. For some people that's a lot of money, but imagine you've been earning $35k per year and suddenly it fell to $15-18k - that's about what I felt like emotionally. Then I cam across Dave's materials and my life was literally unlocked.

I learned that I needed to manage my money to manage the rest of my life. I discovered that stress can disappear - even in the modern world - when you've taken care of your primary needs first and provided a security blanket for the future.

Today, I have a bank account that will keep me going for about a year even if my funds were completely cut of and, borrowing from another excellent book, I have multiple streams of income.

Since reading Dave's book, I've read the entire Rich Dad series, the Multiple Streams of Income and Multiple Streams of Internet Income books and many others on finances. They've all added to my life, but this book is the one that started my journey and gave me the needed principles to evaluate opportunities and options that come my way.

You'll love this book.
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56 of 57 people found the following review helpful
By Erinna
Format:Hardcover
Dave's principles are easy to apply for anyone, no matter their income. Even if you only make $24,000 a year, you can do this. The principles are simple: Live on less than you make, shed debt, don't borrow, invest wisely. The pervasive "gotta-have-it-now" conspicuous consumption mindset is addressed, in a no-nonsense style that still manages to convey warmth and caring.

He recommends extra jobs to increase income if the existing income is low. For those that view this as anti-family, consider two things: 1) Dave doesn't recommend it for the long term, only as long as is needed to get out of debt; and 2) financial freedom is a wonderful gift for your family. "Changing your family tree" is the aim. If you get out of debt, and teach your children the same principles of not spending money you don't have (i.e. borrowing), then you've changed your family for generations to come.

I did it; I got out of debt on a single-mom lower-than-national-average salary using Dave's principles. I dug out of a $24,000 pile of debt in sixteen months with this system. I am now debt-free, saving for retirement, setting aside some money for my son's education, and more financially secure than I have ever been. The plan works, if you work it. The key is personal responsibility.

Sure, Dave makes hundreds of thousands of dollars a year - now. He didn't always, and the fact that he lived what he preaches makes this book credible, interesting, and relevant.
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Most Recent Customer Reviews
If You're Dumb Enough to Need It, You're Dumb Enough to Ignore It
I'm going to preface this by saying that my mother signed me up for Financial Peace University, and I read this book in addition to attending that. Read more
Published 5 days ago by Michael Foster
Must read!
This book is very motivating and helps generate goals in personal life. Would recommend to anyone that is in debt or not.
Published 20 days ago by Pen Name
Financial Peace does not have to be an Oxymoron
I first read this book back in the 90's (last century). It introduced me to the principles taught by the author- Dave Ramsey.

It is a book of common sense/cents. Read more
Published 1 month ago by JR Felisilda
Great Book!
I always listen to Dave Ramsey's radio show and this seems to be a more detailed extension of his show. It talks about his background and why it is better to live debt free! Read more
Published 2 months ago by jpm11
A Great Simple and Basic Financial Book.
If you take anything away from this book it should be discipline and motivation. Most of the book is common sense - budgeting, paying down debt, saving for retirement, etc. Read more
Published 2 months ago by Ashley Woods
Shamelessly Simple
The advice in "Financial Peace Revisited" by Dave Ramsey is shamelessly simple. Even a 12-year old should have no problem figuring out most of the advice in this book, even before... Read more
Published 2 months ago by Glenn Gallagher
Financial Peace Revisited
This book arrived in like new condition. I have not had the time to read it but have scanned through it and seems to be a wealth of information. Read more
Published 3 months ago by Shirley Tinsley
Could use an update
This book was published in 2003; it could use an update for 2011's economy. The nice folks following Dave Ramsey's advice in Chapter 10 will have a hard time today finding mutual... Read more
Published 5 months ago by M. Heiss
Great planning and strategy
I like the fact that Dave is conveying a Christian viewpoint on money. He is helping normal people gain financial independence using simple techniques. Read more
Published 6 months ago by Donald JG Chiarella
Good, with one HUGE caveat
Financial Peace is an excellent book, but, with all due respect, his investing advice is awful. He preaches that the stock market returns 12% over the long run (he's close, but... Read more
Published 6 months ago by JC
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Inside This Book (learn more)
First Sentence:
AS I STOOD PUTTING GAS in my Jaguar, the cold damp January wind chilled me and seemed to dampen my spirits even more. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
financial peace, big bargains, competent children, cash management plan, gas card, peace puppies, power over purchase, debt snowball, money mentor, cash flow plan, written budget
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Keep It Simple, The Borrower Is the Servant, Develop Your Own, Live Substantially Below Your Income, Check Your Credit Report, Control Your Financial Destiny, Handle Credit Report Corrections Yourself, Plant Seeds-Give Money Away, Power of Compound Interest, Rule of Investing, Always Save, Learn Where, Get Great Buys, Least Once Every Two Years, Find Great Buys, Dumping Debt, Worthy Causes, Singles Beware of the Impulse Monster, Singles Get Self-Accountability, Opposites Attract, Spend Wisely, Teach Children, Peace Later, Sign of Codependence, Sacrifice Now So You Can
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