The Total Money Makeover – Dave Ramsey

It is very difficult to run an efficient homestead when you are saddled with a load of debt. As Dave Ramsey always says, “The debtor is slave to the lender.” Debt is slavery.

I first heard of Dave Ramsey during my maternity leave in 2008-2009. While surfing the internet I stumbled upon a review of one of his books at The Simple Dollar. I found him mentioned again at Money Saving Mom. I decided to look into his debt-elimination philosophy and listened to his radio show. I was hooked! I purchased his book, The Total Money Makeover and read it cover to cover in a few days.

Dave’s philosophy is pretty simple, he calls it “the debt snowball”. You list your debts, smallest to largest. Continue making the minimum payments on all of your debts. You then take any extra cash and throw it toward your smallest debt. Once this is paid off you take that payment and roll it into the next largest debt. This creates a snowball effect and you continue until all of your debts are paid off. It is just that simple, not easy, but simple.

Using this technique we’ve managed to pay off $52,000 in 2-1/2 years! It has not been easy and we have made a lot of sacrifices along the way. We have $14,000 left on one student loan and we will be completely debt free except our house. We were on schedule to have this paid off in less than a year but instead decided to build our savings for the upcoming addition to our family. Once our child is born we will refocus our energy on eliminating this last loan.

If you want more information on Dave Ramsey please visit his site at He offers tons of tips and advice including his “Baby Steps” to help you take control of your financial future. His radio show/podcast is available for free on his site. I also encourage you to check out his book, “The Total Money Makeover”. It has changed our life and I am sure it can change yours too!

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5 Responses to The Total Money Makeover – Dave Ramsey

  1. Wakenda says:

    Wow, this is truly inspiring! We just started our debt snowball and we’re looking at approx. 3yrs until we’re debt-free. Thanks for letting us know it can be done. :-)

    • Britni says:

      Thanks! It hasn’t been easy but it has been worth every sacrafice. Good luck on you debt snowball! I’d love to hear how you’re doing along the way :)

  2. Pingback: Our Eventual Homestead · Getting your Finances in Order – The First Step

  3. Nikki says:

    I recommend the Total Money Makeover to everyone I know. We were introduced to Dave in October of 2010 and between November 2010 and August 2011 we’ve worked hard to pay off $17,000 of debt. It has changed our lives in so many positive ways. And we cannot wait to shout “We’re debt free!” Good luck on your journey and great job!

    • Britni says:

      That is awesome! I love to hear the stories of others who are transforming their lives through sacrifice and dedication. Good luck to you too!!

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