Tip to Achieve Financial Peace and Freedom

by on September 27, 2009

in EMS Tips

For several years I was an intermittent listener of the Dave Ramsey radio show. Then one Sunday afternoon I bought his best-seller the Total Money Makeover for a business trip that started the next day. With four plane rides and two nights in a hotel I read the book cover to cover and devised a plan to discuss and implement a family Total Money Makeover with my wife.

Over the next several weeks Amanda and I reviewed Dave’s seven Baby Steps. The biggest hurdles for us were to 1) devise a monthly budget and 2) stop using credit cards to earn rewards.

Now 18 months later we look forward to our monthly budget planning sessions and enjoy the financial freedom that comes with following a budget and living debt free (we are still working on our mortgage). Along the way we have increased our income, increased our saving for retirement, and increased saving for our kid’s college. We now save for the things we want and buy them with cash – usually at a better price than we could have gotten with a credit card.

Today’s Everyday EMS Tip is to achieve financial peace and freedom. There are lots of methods to reduce debt, control expenses, increase income, and save more. I like Dave Ramsey’s Total Money Makeover because it is easy to implement (but challenging to stick with) and has worked for millions of people.

Buy a new or used copy of the The Total Money Makeover: A Proven Plan for Financial Fitness (Amazon.com link) or check out a copy from your library. Learn more about Dave Ramsey at DaveRamsey.com.

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Tagged as: Book, Independence, Wellness

  • http://emsgarage.com Chris Montera

    Greg,

    I fully agree with you. I was doing Dave Ramsey’s baby steps before they were called that since 1996. Our family enjoys financial freedom of never owing credit card debt. It can take a while but with the right planning and faithfulness to your goal you will be successful. Amy and I now save up for vacations or purchases. We only have a credit card so we can buy online and it is paid off within the month. We utilize a debit card whenever we can and I am happy to report that we have 1 car payment left and then the mortgage. Ours is a tough battle since we moved into a higher end area of Colorado our modest home that we owe $400,000 on will take time. I encourage everyone to read Dave Ramsey’s book or Larry Burkett’s book on home budgeting. Silly as this sounds, but Amy and I don’t buy anything over $20 without asking first. Strange but it makes you realize what you really need or you really want. Thanks for the insight Greg!

    Chris M.

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