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Financial Peace Revisited Summary – Dave Ramsey

Arthur Worsley
by Arthur Worsley
M.A. Psychology, Oxford. McKinsey Alum. Founder & Editor at TAoL.
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One-Sentence Summary

Financial Peace Revisited is an approachable, practical guide to getting out of debt and unlocking your financial freedom no matter who you are or where you're starting from - by personal finance guru, radio host and businessman, Dave Ramsey. (352 pages)

Note: This Financial Peace Revisited summary is part of an ongoing project to summarise the Best Personal Finance Books and Best Self Help Books of all time.

Note: This Financial Peace Revisited summary is a stub. I'll write a full summary later. For now, you'll find enough meta-data here to help you decide if it's worth reading the book.

Financial Peace Revisited Summary

Publisher’s Blurb

This publisher’s blurb comes from the back and flaps of the hardcover version of the book…

“With the help of a #1 New York Times bestselling author and finance expert, set your finances right with these updated tactics and practices

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; and
  • How the flow of money can revolutionise 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.”

Dave Ramsey’s 37 Steps

These 37 key sub-headings are spread out through the 22 chapters of the book (see contents section below)…

  1. Avoid “Stuffitis” the Worship of “Stuff”
  2. Plant Seeds—Give Money Away to Worthy Causes
  3. Develop Your Own “Power Over Purchase”
  4. Find Where You Are Naturally Gifted — Enjoy Your Work and Work Hard
  5. Live Substantially Below Your Income
  6. Sacrifice Now So You Can Have Peace Later
  7. You Can Always Spend More Than You Can Make
  8. The Borrower Is the Servant to the Lender; So Beware!
  9. Check Your Credit Report at Least Once Every Two Years
  10. Handle Credit Report Corrections Yourself
  11. Realize That the Best Way for Delinquent Debt to Be Paid Is for You, Not Collectors, To Control Your Financial Destiny
  12. You Must Save Money (The Power of Compound Interest)
  13. Use the “Keep It Simple, Stupid” Rule of Investing
  14. Only People Who Like Dog Food Don’t Save for Retirement
  15. Always Save With Pretax Dollars It Is the Best Deal The Government Gives You
  16. Learn Basic Negotiating Skills for Great Buys
  17. Learn Where to Find Great Buys (the Treasure Hunt)
  18. You Must Have Patience to Get Great Buys
  19. Singles Get Self-Accountability From the Written Plan
  20. Singles Should Look For a Money Mentor for Advice And Accountability
  21. Singles Beware of the Impulse Monster; He Will Eat You Alive
  22. Men and Women View Money Differently, so Be Sensitive To Differences
  23. Opposites Attract in Marriage, So Work Together For Maximum Wisdom
  24. When You Agree on Spending, You Will Experience Fabulous Unity in Your Marriage
  25. Teach Children to Work, Spend Wisely, Save, And Give
  26. The Most Powerful Legacy You Can Leave Is Wise, Competent Children
  27. Giving Loved Ones All the Money They Request May Not Be Best for Them
  28. Making Decisions Based on Fear of Reprisal Can Be a Sign of Codependence
  29. Be Strong Enough to Help Others and Strong Enough Not To
  30. Listen to Your Spouse’s Counsel (Women’s Intuition)
  31. There Are Few “Old” Fools—Seek Experienced Counsel
  32. You Must Keep Your Checkbook on a Timely Basis
  33. Lay Out the Written Details of a Cash Management Plan
  34. Commit to Your Plan for Ninety Days
  35. Take Time to Prioritize Your Life Daily
  36. Keep Your Spiritual Life Healthy
  37. Take Baby Steps — Prioritize Your Plan and Move Slowly

Financial Peace Revisited Contents

Financial Peace Revisited has 22 main chapters…

  1. The Beginning… A Very Good Place to Start
  2. Enough of Anything Is Too Much
  3. The Basics (A Foundation)
  4. Understand the Spiritual Aspects of Money
  5. Let the Buyer Beware Caveat Emptor
  6. Career Choice
  7. Lifestyles of the Rich
  8. Dumping Debt
  9. Cucumbers, Collectors, and Credit Reports
  10. Pile Up Plunder
  11. “Kiss” Your Money
  12. Of Mice and Mutual Funds
  13. Buy Only Big, Big Bargains
  14. Single as a One-Dollar Bill
  15. Tying a Knot in Your Money: Marriage
  16. Crumb Snatchers and Money
  17. Family, Friends, and Money
  18. Carefully Consider Counsel
  19. Why Written?
  20. Do It Daily
  21. Baby Steps
  22. The End… Or Just the Beginning?

APPENDICES

  1. Financial Management Forms
  2. National Credit Bureaus
  3. Sample Letter #1: Credit Bureau Cleanup
  4. Sample Letter #2: Creditor Calls at Work
  5. Sample Letter #3: Cease and Desist

Best Financial Peace Revisited Quotes

These Financial Peace Revisited quotes come from The Art of Living's ever-growing central library of thoughts, anecdotes, notes, and inspirational quotes.

Read More: 5 Books Like Financial Peace Revisited

Enjoyed this Financial Peace Revisited summary? You might enjoy the rest of the books on these lists of the Best Personal Finance Books and Best Self Help Books of all time.

And in the meantime...

Here are 5 top books like Financial Peace Revisited...

Books Like Financial Peace Revisited: The Richest Man in Babylon
1. The Richest Man in Babylon - George S. Clason (FREE Summary)
The Richest Man in Babylon is THE classic parable on how to acquire money, how to not lose money and how to make money multiply - by serial entrepreneur and author, George S. Clason.
Published 1926 // 194 pages // Rated 4.3 over 146,000 reviews on Goodreads
Books Like Financial Peace Revisited: Rich Dad Poor Dad
2. Rich Dad Poor Dad - Robert Kiyosaki (FREE Summary)
Rich Dad Poor Dad is one of the few must-read handbooks for anyone who's serious about earning their financial freedom - by businessman, investor and best-selling author, Robert Kiyosaki.
Published 1997 // 195 pages // Rated 4.1 over 472,500 reviews on Goodreads
Books Like Financial Peace Revisited: Rich Dad's Cashflow Quadrant
3. Rich Dad's Cashflow Quadrant - Robert Kiyosaki (FREE Summary)
Rich Dad's Guide to Financial Freedom
Rich Dad's Cashflow Quadrant is the practical sequel to Rich Dad Poor Dad that'll show you EXACTLY how to take control of your cashflow and buid massive wealth - by businessman, investor and best-selling author, Robert Kiyosaki.
Published 1998 // 376 pages // Rated 4.1 over 47,600 reviews on Goodreads
Books Like Financial Peace Revisited: The Millionaire Next Door
4. The Millionaire Next Door - Thomas J. Stanley (FREE Summary)
The Surprising Secrets of America's Wealthy
The Millionaire Next Door is a fascinating study of the work and personal habits of America's surprisingly abundant blue-collar millionaires and PAW's (prodigious accumulator's of wealth) - by marketing professor, author and business theorist, Thomas J. Stanley.
Published 1995 // 258 pages // Rated 4.0 over 91,500 reviews on Goodreads
Books Like Financial Peace Revisited: The Total Money Makeover
5. The Total Money Makeover - Dave Ramsey (FREE Summary)
A Proven Plan for Financial Fitness
The Total Money Makeover is the über-practical, 7-step sequal to Financial Peace Revisited that maps out the EXACT sequence of baby steps you need to break free of debt and earn your way to freedom - by personal finance guru, radio host and businessman, Dave Ramsey.
Published 2003 // 223 pages // Rated 4.2 over 80,500 reviews on Goodreads

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Arthur Worsley
I founded TAoL to discover and share the best wisdom on how to live long and prosper. Before that I studied Psychology, Philosophy & Physiology at Oxford and consulted at McKinsey. Still curious? Learn more or take my FREE productivity quiz.

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