Dave Ramsey admits up front in “The Total Money Makeover” that his concepts are not new or complicated. He walks you through the dangers of debt and myths about money. Ramsey focuses on a cash-only living, aggressive payments on credit card and other non-mortgage debt that he refers to as the “Debt Snowball”.
Ramsey provides advice on creating an emergency fund, retirement investing, college tuition savings and paying down the home mortgage. There are also testimonials from people who have followed his program.
Do you think you could live a cash only lifestyle? Why or why not?
