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

3 MINUTE READ

Financial Peace Revisited (1992)

by Dave Ramsey

Paperback | Ebook | Audiobook

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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)

Contents

1. One-Sentence Summary

2. Financial Peace Revisited Summary

3. Publisher’s Blurb

4. Dave Ramsey’s 37 Steps

5. Financial Peace Revisited Contents

6. Best Financial Peace Revisited Quotes

8. Wish There Was a Faster/Easier Way?

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)…

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

Financial Peace Revisited Contents

Financial Peace Revisited has 22 main chapters…

The Beginning… A Very Good Place to Start
Enough of Anything Is Too Much
The Basics (A Foundation)
Understand the Spiritual Aspects of Money
Let the Buyer Beware Caveat Emptor
Career Choice
Lifestyles of the Rich
Dumping Debt
Cucumbers, Collectors, and Credit Reports
Pile Up Plunder
“Kiss” Your Money
Of Mice and Mutual Funds
Buy Only Big, Big Bargains
Single as a One-Dollar Bill
Tying a Knot in Your Money: Marriage
Crumb Snatchers and Money
Family, Friends, and Money
Carefully Consider Counsel
Why Written?
Do It Daily
Baby Steps
The End… Or Just the Beginning?

APPENDICES

Financial Management Forms
National Credit Bureaus
Sample Letter #1: Credit Bureau Cleanup
Sample Letter #2: Creditor Calls at Work
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.

"That stupid saying "What you don't know can't hurt you" is ridiculous. What you don't know can kill you. If you don't know that tractor trailer trucks hurt when hitting you, then you can play in the middle of the interstate with no fear - but that doesn't mean you won't get killed."