THE TOTAL MONEY MAKEOVER SUMMARY (BY DAVE RAMSEY)

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Animated video summary of Dave Ramsey’s ultimate guide explaining how to take control over your personal finances: The Total Money Makeover.

The ultimate playlist of books on how to save money fast: http://bit.ly/2Onqiwa

Top 5 takeaways from The Total Money Makeover:
0:00 Intro
02:40 1. No More Denial!
05:07 2. Get an Emergency Fund
07:00 3. Get the Debt Snowball Rollin’!
09:01 4. Be Financially Healthy For Life – Maximize Retirement Investing
10:33 5. Reach Financial Independence

TL;DW:
- Your personal finances are in trouble because of you – the first step towards taking control over your money is to stop being in denial and to realize that there in fact is a problem
- Before you start to learn how to invest your money, you must save enough money for an emergency fund – a financial cushion for unexpected events
- How to save money fast? The debt snowball by Dave Ramsey is a great way to start.
- Maximize the contributions to retirement investment accounts where your money can grow with tax-benefits and where your employer matches your contributions
- Reach financial independence and millionaire status by investing in mutual funds

My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.