Financial Peace: Revisited

Financial Peace. Dave Ramsey built a wealth portfolio of $4million by the time he was 26 years old. By age 30 he had lost it all! He and his wife started applying basic money principles and eventually dug themselves out of debt. Now, an author and successful radio show host, Dave spends his life helping others learn how to manage their money. This book is a result of his struggles and success in recovering from financial loss.

Laced with Scripture and short notes written by his wife, Sharon, at the end of each chapter, beyond the obvious money theme, it is also a story of this families faith in God through the hard process of rebuilding their lives.

Encouraging and practical, Dave deals with issues that most money books do not consider. For example, he makes very clear the fact that if a person is willing to sacrifice his integrity in seemingly small ways, such as cutting corners, stealing time from employers, hiding receipts from spouses, etc… becoming wealthy will only accentuate that lack of integrity, not eliminate it!

He also covers topics such as investing, debt elimination, saving money and giving, as well as money management specifically for marriages, singles and children. Overall, the book is a great resource for those wanting to eliminate debt and create a plan for staying debt free.

One word of caution is in order. Dave does not claim to be a theologian, and it shows. His expertise is in finance. Some of the recommendations for reading that he makes in regard to other areas such as marriage, children, etc… are troublesome. Occasionally, he mentions resources for his readers to help them develop areas other than money; resources such as Boundaries, Wild at Heart, The Five Love Languages and others.

If you want a book to help you with debt elimination and money management, my opinion is that Financial Peace is the best. If in reading this book you recognize another area of your life that needs some help, disregard Dave’s recommendations and see what The Discerning Reader recommends.

I’ll agree with Dave’s tag line for ending his radio show each day; “There is ultimately only one way to financial peace and that is through the Prince of Peace, Christ Jesus.

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Comments

Posted by: DEBTective at May 21, 2007 10:40 AM