The total money makeover

The TOTAL MONEY MAKEOVER Other Books from Dave Ramsey The Total Money Makeover Workbook The Total Money Makeover Spanish Edition (La Transformación Total de su Dinero) Financial Peace Revisited Financial Peace Planner Foundations in Personal Finance (High-school Curriculum) Tranquilidad Financiera (Spanish edition of Financial Peace ) More Than Enough More Than Enough Planner Life Lessons with Junior (Children’s Series) The TOTAL MONEY MAKEOVER A Proven Plan for Financial Fitness Dave Ramsey © 2003, 2007, 2009 by Dave Ramsey All rights reserved No portion of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means —electronic, mechanical, photocopy, recording, scanning, or other—except for brief quotations in critical reviews or articles, without the prior written permission of the publisher Published in Nashville, Tennessee, by Thomas Nelson Thomas Nelson is a trademark of Thomas Nelson, Inc Thomas Nelson, Inc titles may be purchased in bulk for educational, business, fund-raising, or sales promotional use For information, please e-mail SpecialMarkets@ThomasNelson.com Scripture quotations noted NKJV are from THE NEW KING JAMES VERSION © 1979, 1980, 1982 by Thomas Nelson, Inc., Publishers Used by permission All rights reserved Scripture quotations noted CEV are from THE CONTEMPORARY ENGLISH VERSION © 1995 by the American Bible Society Used by permission Scripture quotations marked NRSV are from the NEW REVISED STANDARD VERSION of the Bible © 1989 by the Division of Christian Education of the National Council of the Churches of Christ in the U.S.A All rights reserved ISBN 978-1-59555-216-7 (SE) ISBN 978-1-59555-078-1 (2009 edition) Library of Congress Cataloging-in-Publication Data Ramsey, Dave The total money makeover : a proven plan for financial fitness / Dave Ramsey p cm ISBN 978-0-7852-8908-1 (2007 edition) Finance, Personal Debt I Title HG179.R31563 2003 332.024'02—dc21 2003014115 Printed in the United States of America 09 10 11 12 13 WC To my beautiful wife, Sharon, who walked arm in arm with me through a Total Money Makeover—I love you, honey To the superstars all across America who have had the courage to face the person in the mirror, the culture, their family, and even their coworkers as they “lived like no one else so later they could live like no one else.” You who have courageously had a Total Money Makeover of the heart and wallet are the real superstars To the Dave Ramsey team and the Thomas Nelson team for tireless hours on this project to make this material available to everyone across this great land Contents Introduction What This Book Is NOT Flying Turkeys and Skinny Dipping The Total Money Makeover Challenge Denial: I’m Not That Out of Shape Debt Myths: Debt Is (Not) a Tool Money Myths: The (Non) Secrets of the Rich Two More Hurdles: Ignorance and Keeping Up with the Joneses Save $1,000 Fast: Walk Before You Run The Debt Snowball: Lose Weight Fast, Really Finish the Emergency Fund: Kick Murphy Out Maximize Retirement Investing: Be Financially Healthy for Life 10 College Funding: Make Sure the Kids Are Fit Too 11 Pay Off the Home Mortgage: Be Ultrafit 12 Build Wealth Like Crazy: Arnold Schwarzedollar, Mr Universe of Money 13 Live Like No One Else Meet The Winners of The Total Money Makeover Challenge About the Author Budgeting Forms Index Introduction Read the stories of the lives changed by this book! As a matter of fact, I recommend you skip through the book reading all the stories first They will inspire you to read all the way through and actually the Proven Plan to Financial Fitness Many years ago I was given a calling: to show people the truth about debt and money and to give them the hope and tools necessary to set themselves free financially First, I did that with a few speaking engagements and a small self-published book titled Financial Peace Later Financial Peace was published by a New York publisher and became our first New York Times bestseller I began doing a small local radio show that has now grown to more than 450 stations and millions of listeners that tune in weekly We started teaching a thirteen-week class called Financial Peace University, which has had over million families attend Then came The Total Money Makeover I am positive that personal finance is 80 percent behavior and only 20 percent head knowledge Our concentration on behavior—realizing that most folks have a good idea of what to with money but not how to it—has led us to a different view of personal finance Most financial people make the mistake of trying to show you the numbers, thinking that you just don’t get the math I am sure that the problem with my money is the guy in my mirror If he will behave, he can make the money thing work The math of wealth building is not rocket science; it is simple—but you have to DO IT! So the proven Total Money Makeover plan I teach has become very successful not because I have found the secrets of the rich Not because I had some revelation that no one else has ever had about credit cards Not because I am the only one with a “Debt Snowball” plan Instead, this proven plan is having a national impact because I have realized that to change your money thing, you have to change You have to change your life When you change your life, you will get out of debt, give, and invest at an unbelievable rate When you read the stories in this book, you will read not about mathematics, or magic systems, but about changed lives You will read about transformed marriages and relationships Because when you change your life, you really change your life So when Mike Hyatt, the president and CEO of Thomas Nelson Publishers, brought me the concept for a Total Money Makeover book, I became very excited I became excited because I knew this book would inspire readers to take immediate action through a simple, step-by-step process that could only lead to life-changing results Hope—the light at the end of the tunnel, that is, not an oncoming train—is a very powerful force The Total Money Makeover has given HOPE to hundreds of thousands of families This book has given them hope to win, and that hope has caused them to take action and claim ultimate victory over their financial struggles and worries—and to actually win! The number of people that I meet across this nation who tell me this is the first book of any kind they have read in ten years is staggering The Total Money Makeover is a book for everyone It is for highincome earners, as I am And it is for someone beginning at the bottom, which is where I once was You are about to read about a process, a proven plan, to win You will find the plan to be very simple yet very inspiring The principles are not mine I stole them all from God and your grandmother The principles are common sense, which isn’t so common anymore The plan is mine— and I’m no genius—created by simply observing literally millions of lives with whom I have IRREGULAR-INCOME PLANNING Many of us have irregular incomes If you are self-employed or work on commission or royalties, then planning your expenses is difficult, since you cannot always predict your income You should still all the sheets except the Allocated-Spending Plan The Monthly Cash-Flow Plan will tell you what you have to earn monthly to survive or prosper, and those real numbers are very good for goal setting What you must is take the items on the Monthly Cash-Flow Plan and prioritize them by importance I repeat: by importance, not urgency You should ask yourself, If I only have enough money to pay one thing, what would that be? Then ask, If I only have enough money to pay one more thing, what would that be? Move this way through the list Now be prepared to stand your ground because things have a way of seeming important that are only urgent Saving should be a high priority! The third column, "Cumulative Amount," is the total of all amounts above that item So, if you get a S2,000 check, you can see how far down your priority list you can go Item Amount Cumulative Amount _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BREAKDOWN OF SAVINGS After your emergency fund is fully funded, you can save for certain items like furniture, car replacement, home maintenance, or clothes, and your savings balance will grow This sheet is designed to remind you that all of that money is committed to something, not just a Hawaiian vacation on impulse because you are now "rich." Keep up with your breakdown of savings monthly for one quarter at a time BALANCE BY ITEM MONTH: Emergency Fund (1) $1000 Emergency Fund (2) 3-6 months Retirement Fund College Fund Real-Estate Taxes Homeowner's Insurance Repairs or Mn Fee Replace Furniture Car Insurance Car Replacement Disability Insurance Health Insurance Doctor Dentist Optometrist Life Insurance School Tuition School Supplies Gifts (incl Christmas) Vacation Other Other TOTAL THE DEBT SNOWBALL List your debts in order with the smallest payoff or balance first Do not be concerned with interest rates or terms unless two debts have similar payoffs, then list the higher-interest-rate debt first Paying the little debts off first gives you quick feedback, and you are more likely to stay with the plan Redo this sheet each time you pay off a debt, so you can see how close you are getting to freedom Keep the old sheets to wallpaper the bathroom in your new debt-free house The "New Payment" is found by adding all the payments on the debts listed above that item to the payment you are working on, so you have compounding payments, which will get you out of debt very quickly "Payments Remaining" is the number of payments remaining on that debt when you get down the snowball to that item "Cumulative Payments" is the total payments needed, including the snowball, to pay off that item In other words, this is your running total for "Payments Remaining." COUNTDOWN TO FREEDOM!! Date: _ Item Total Payoff Minimum Payment New Payment Payments Remaining Cumulative Payments PRO RATA DEBTS If you cannot pay your creditors what they request, you should treat them all fairly and the same You should pay even the ones who are not jerks, and pay everyone as much as you can Many creditors will accept a written plan and cut special deals with you as long as you are communicating, maybe even over-communicating, and sending them something We have had clients use this even when sending only $2 payments and survive for literally years Pro Rata means "their share": the percent of total debt each creditor represents That will determine how much you send them Then, you send the check with a budget and this sheet attached each month, even if the creditor says they will not accept it Index A Adjustable Rate Mortgage (ARM), ♣, ♦, ♥ How to figure the change in, ♠ See also How to Figure the Change in Your ARM aggressive growth funds (aka small cap or emerging market funds), ♣, ♦ airline miles, ♣, ♦ Allocated-Spending Plan (worksheet), ♣–♦ See also Instructions for Allocated- Spending Plan American Bankruptcy Institute, ♣, ♦ American Express, ♣ American Funds, ♣ AmeriDebt, ♣–♦ annual percentage rate (APR), ♣ ARM See Adjustable Rate Mortgage auto insurance, ♣, ♦, ♥ B Baby Steps (introduction), ♣–♦ Baby Step One (Save $1,000 Cash as a Starter Emergency Fund), ♣–♦ (ch 6) Baby Step Two (Start the Debt Snowball), ♣–♦ (ch 7) Baby Step Three (Finish the Emergency Fund), ♣–♦ (ch 8) Baby Step Four (Invest 15 Percent of Your Income in Retirement), ♣–♦ (ch 9) Baby Step Five (Save for College), ♣–♦ (ch 10) Baby Step Six (Pay Off Your Home Mortgage), ♣–♦ (ch 11) Baby Step Seven (Build Wealth), ♣–♦ (ch 12) balloon mortgages, ♣, ♦ Bankrate.com, ♣ bankruptcy, ♣, ♦, ♥, ♠–†, ‡,–Δ, ∇, Ο; among the elderly, ◊; Chapter [L11], [L12], [L13]; Chapter [L14], [L15], [L16] Beardstown Ladies, ♣ Blue Chip funds See growth and income funds bonds, ♣, ♦, ♥, ♠ books from Dave Ramsey, ♣ borrowing more than home value, ♣–♦ Breakdown of Savings (worksheet), ♣ budget(ing), ♣, ♦, ♥, ♠, †–‡, Δ, ∇, Ο–◊, [L11], [L12]–[L13], [L14]–[L15], [L16], [L17], [L18], [L19], [L20]–[L21], [L22], [L23], [L24], [L25]–[L26], [L27]–[L28], [L29]–[L30], [L31]–[L32], [L33], [L34], [L35] budgeting forms, ♣–♦ building wealth, ♣–♦ (ch 12) See also Baby Step Seven Burkett, Larry, ♣ business debt, ♣–♦ C CardTrak, ♣, ♦ car payments (as a way of life), ♣–♦, ♥ cash: the “danger” myth, ♣, ♦ cash advance, ♣–♦ cash-flow plan See Instructions for Monthly Cash-Flow Plan; Monthly Cash-Flow Plan cash value life insurance, ♣–♦, ♥, ♠ CDs See certificates of deposit Certificates of Deposit (CDs), ♣, ♦–♥ checking accounts (separate), ♣ closing costs: Estimated Closing Costs Table, ♣ collectors: not your friends, ♣, ♦ College, Dave’s Rules for, ♣–♦ college funding, ♣, ♦–♥ (ch 10) See also Baby Step Five Consumer Credit Counseling Services, ♣ Consumer Equity Sheet, ♣ Consumer Federation of America, ♣, ♦ Consumer Reports, ♣, ♦ cosigning loans for friends or relatives, ♣–♦ Country Financial Security Index, ♣ Covey, Stephen, ♣ credit card: not required to buy online, ♣; obtaining to build credit, ♦–♥; paying off monthly, ♠–†; to teach teen responsibility, ‡–Δ credit-card debt, ♣, ♦, ♥–♠, †, ‡, Δ, ∇, Ο, ◊, [L11], [L12], [L13] Credit-Card History (worksheet), ♣ credit-repair kits, ♣–♦ D Dave Ramsey Show, The (radio), ♣, ♦, ♥, ♠, †, ‡, Δ, ∇, Ο, 229 Dave’s Rules for College, ♣–♦ debit cards: risk compared with credit-card risk, ♣–♦, ♥ debt consolidation, ♣, ♦–♥, ♠–†, ‡ debt myths, ♣–♦ (ch 3), ♥ Debt Snowball, ♣–♦ (ch 7); worksheet, ♥–♠; see also Baby Step Two debt: as a tool, ♣–♦, ♥–♠; to prevent economic collapse, †–‡ debt-management companies, ♣–♦ denial, ♣–♦ (ch 2), ♥, ♠, †, ‡, Δ Discover (card), ♣ divorce and debt, ♣–♦ Dogs of the Dow (investment strategy), ♣ Dow Jones Industrial Average, ♣ “Dum Math & Stupid Tax” (sidebars), ♣, ♦, ♥, ♠, †, ‡, Δ, ∇, Ο, ◊, [L11], [L12] E Economic Growth and Tax Relief Reconciliation Act of 2001, ♣ economic storm of 2008–09, ♣–♦, ♥ Educational Savings Accounts (ESA) (aka Education IRAs), ♣, ♦–♥ emergency fund, ♣, ♦–♥, ♠–†, ‡–Δ (ch 8) See also Baby Step One and Baby Step Three emerging market funds See aggressive growth funds envelope system, ♣, ♦, ♥ equity funds See growth funds estate planning, ♣, ♦–♥, ♠, † Estimated Closing Costs Table, ♣ F Fannie Mae Bonds, ♣ Federal Fair Credit Reporting Act, ♣ Federal Trade Commission (FTC), ♣, ♦, ♥, ♠ FICO score, ♣–♦ Fidelity (Investments), ♣ FinAid.org, ♣ Financial Peace (Ramsey), ♣, ♦, ♥–♠, †, ‡, Δ, ∇, 229 “fixed portfolio” plans, ♣–♦ 529 plans, ♣, ♦–♥, ♠ Financial Peace Jr., ♣ Financial Peace University, ♣, ♦, ♥, ♠, †, ‡, 229 fixed-rate mortgages, ♣, ♦, ♥, ♠, †, Forbes 400, ♣ Ford Motor Company/Ford Motor Credit, ♣–♦, ♥ foreign funds See international funds Fortune magazine, ♣ 401(k), ♣, ♦, ♥, ♠, †–‡, Δ, ∇, Ο 403(b), ♣ 457 (investing), ♣ G gambling, ♣ (success story), ♦, ♥–♠ See also lottery “gazelle intensity,” ♣, (success story), ♦, (success story), ♥–♠, †, ‡, Δ–∇, Ο, ◊, [L11]–[L12], [L13], [L14], [L15], [L16], [L17], [L18] (success story), [L19], [L20], [L21], [L22], [L23] General Motors, ♣, ♦ Gerber Life, ♣ get-rich-quick schemes, ♣, ♦–♥ giving (charitable), ♣–♦ GMAC (General Motors Acceptance Corp.), ♣ gold, ♣, ♦–♥; a poor investment, ♠–† Great Depression, ♣, ♦ growth and income funds (aka large cap or blue chip funds), ♣, ♦, ♥ (success story) Growth and Income Stock Mutual Funds, ♣ growth funds (aka mid-cap, mid cap, or equity funds), ♣, ♦ (success story) growth-stock mutual funds, ♣, ♦, ♥, ♠–†, ‡, Δ H health insurance, ♣, ♦, ♥ Health Savings Account (HSA), ♣ home equity loan (HEL), ♣ (success story), ♦, ♥, ♠–† (success story), ‡–Δ home mortgage, paying off, ♣–♦ (ch 11) homeowner insurance, ♣, ♦ How the Mighty Fall (Collins), ♣–♦ How to Figure the Change in Your ARM (instruction table), ♣ How to Figure Your New Payment (mortgage) (table), ♣ I-J ignorance (Hurdle #1 to your Total Money Makeover), ♣, ♦–♥, ♠ Income Sources (worksheet), ♣ Instructions for Allocated-Spending Plan, ♣ Instructions for Monthly Cash-Flow Plan, ♣ insurance, ♣–♦; types needed, ♥ See also individual types insurance (life) See life insurance insurance (medical/health) See health insurance international funds (aka foreign or overseas funds), ♣, ♦ (success story) investing, ♣–♦, ♥, ♠, †–‡ See also Baby Step Four (retirement), Δ–∇ See also Baby Step Five (college), Ο–◊, [L11]–[L12], [L13], [L14], [L15] (success story) investment returns, ♣–♦, ♥, ♠–†, ‡ irregular income, ♣ Irregular-Income Planning (worksheet), ♣–♦ J C Penney (department stores), ♣ K “Keeping up with the Joneses” (Hurdle #2 to your Total Money Makeover), ♣–♦, ♥, ♠ (success story) “kid-branding,” ♣–♦ Kiplinger’s Personal Finance, ♣ L large cap funds See growth and income funds leasing (automobiles), ♣–♦, ♥ life insurance, ♣, ♦–♥, ♠, † (success story), ‡, Δ, ∇, Ο (success story); for babies, ◊ See also individual types loaning money to friends or relatives, ♣–♦ long-term care insurance, ♣ long-term disability insurance, ♣ lottery, ♣, ♦, ♥, ♠–†, ‡; chances of winning, Δ Lotto, ♣, ♦, ♥ See also lottery “low-risk” investments, ♣ M Major Components of a Healthy Financial Plan (worksheet), ♣ manufactured housing See mobile homes MasterCard, ♣ Maxwell, John, ♣–♦, ♥ medical billing (to get rich quick), ♣ Medical Savings Account, ♣ See also Health Savings Account mid-cap funds See growth funds military (for college tuition), ♣–♦ Millionaire Next Door, The (Stanley), ♣ mobile homes, ♣, ♦–♥, ♠ (success story), † money: three uses for, ♣ Money magazine, ♣, ♦, ♥, ♠ money market accounts, ♣, ♦ money myths, ♣–♦ (ch 4), ♥ Money, Possessions, and Eternity (Alcorn), ♣ Monthly Cash-Flow Plan, ♣–♦ Monthly College Planning (worksheet), ♣ Monthly Retirement Planning (table and worksheet), 160–♣ More Than Enough (Ramsey), ♣, ♦,♣ Mortgage Bankers Association, ♣ mortgages: thirty-year vs fifteen-year, ♣–♦ mutual funds, ♣, ♦, ♥, ♠, †, ‡, Δ, ∇, Ο, ◊, [L11]–[L12], [L13], [L14]–[L15], [L16] (success story) See also growth and income funds; growth funds; international funds; aggressive growth funds MyTotalMoneyMakeover.com, ♣ N National Guard (for college tuition), ♣ National Underwriter: The Industry Mouthpiece, ♣ Nightingale, Earl, ♣–♦ “ninety days same as cash,” ♣–♦, ♥ (success story) “nothing-down” real estate, ♣–♦ O 100-percent-down plan (paying cash for a home), ♣, ♦, ♥ origination fee, ♣–♦ overseas funds See international funds P “par” quote, ♣–♦ payday loans, ♣–♦, ♥ Penney, James “Cash,” ♣ Pinnacle Point, ♣–♦, ♥ points (mortgage), ♣ postdated checks, ♣ Powerball, ♣ prepaying (funeral or college expenses), ♣–♦, ♥–♠ Pro Rata Debts (worksheet), ♣ Pukke, Andris, ♣ Q “quick, easy money,” ♣ “quick-release” CD, ♣ quitclaim deed, ♣ R rainy-day fund See Baby Step One real estate: investing in; ♣, ♦, ♥, ♠–†, ‡, Δ–∇, Ο, ◊, [L11]; “nothing-down,” [L12]–[L13] recession of 2008–09, ♣, ♦, ♥, ♠, † See also economic storm of 2008–2009 Recommended Percentages (budgeting worksheet), ♣ refinancing (home loan), ♣, ♦, ♥–♠, †–‡; How to Figure the Change in Your ARM (Addendum Three), Δ; How to Figure Your New Payment (Addendum One), ∇; Should I refinance? (Addendum Two), Ο rental property mortgages, ♣–♦ rent-to-own, ♣, ♦, ♥, ♠ retirement: security an illusion without savings, ♣ retirement investing, ♣–♦ (ch 9), ♥, ♠, †, ‡–Δ, ∇, Ο Retirement Options (table), ♣ retirement plan, ♣, ♦–♥, ♠, †–‡, Δ–∇, Ο, ◊–[L11], [L12] risk denial, ♣–♦, ♥ Roth IRA, ♣, ♦, ♥, ♠ S S&P 500 index, ♣, ♦ saving $1,000 fast, ♣–♦ See also Baby Step One savings bonds, ♣, ♦, ♥ scholarships, ♣, ♦ (success story), ♥–♠, † second mortgages, ♣–♦, ♥–♠, † Secret Santa (Larry Stewart), ♣–♦ self-employment, ♣, ♦, ♥ selling stuff to get out of debt, ♣, ♦, ♥ (success story), ♠–†, ‡, Δ, ∇, Ο, ◊, [L11] (success story) SEPPs, ♣ Seven Habits of Highly Effective People, The (Covey), ♣ “Shocking Stats” (sidebars), ♣, ♦, ♥, ♠, †, ‡, Δ, ∇, Ο, ◊, [L11] shortcut mentality, ♣, ♦ Should I Refinance? (worksheet), ♣ six-month rule, ♣, ♦ small-cap funds See aggressive growth funds SmartMoney (magazine), ♣, ♦ Social Security, ♣ Social Security number: obtaining new to repair credit, ♣ Standard & Poor’s 500 index (also S&P 500), ♣, ♦ stock market, ♣, ♦, ♥, ♠, †, ‡, Δ–∇, Ο stocks, ♣, ♦ student loans, ♣–♦, ♥ (success story), ♠, †, ‡ (success story), Δ, ∇, Ο, ◊, [L11], [L12], [L13] (success story), [L14], [L15], [L16] (success story), [L17], [L18], [L19], [L20] stuffing envelopes (to get rich quick), ♣ subprime loans, ♣ success stories, ♣–♦, ♥–♠, †, ‡–Δ, ∇–Ο, ◊–[L11], [L12]–[L13], [L14]–[L15], [L16]–[L17], [L18]–[L19], [L20]–[L21], [L22]–[L23], [L24], [L25]–[L26], [L27]–[L28], [L29]–[L30], [L31]–[L32], [L33]–[L34], [L35]–[L36], [L37]–[L38], [L39]–[L40], [L41]–[L42], [L43], [L44]–[L45], [L46]–[L47], [L48]–[L49], [L50]–[L51], [L52]–[L53], [L54]–[L55], [L56]–[L57], [L58]–[L59], [L60]–[L61], [L62]–[L63], [L64]–[L65]: Atwood, James and Tabitha, ♣–♦ Bledsoe, Stacie and André, ♣–♦ Brewer, Ron and Teresa, ♣–♦ Cluff, Alan and Lonnie, ♣–♦ Dangerfield, DeLisa, ♣–♦ Eller, Jeff and Teresa, ♣–♦ Farrar, Steve and Amanda, ♣–♦ Frick, Walter and Stephanie, ♣–♦ Gonzalez, Rebecca, ♣–♦ Hickman, Larry and Susan, ♣–♦ Hogenhout, Shelley, ♣–♦ Hopkins, Josh and Amy, ♣–♦ Howerton, Sabrina and Doug, ♣–♦ Ivey, Adam and Kristi, ♣–166 Jarrett, David and Tayelor, ♣–♦ Key, Autumn, ♣ Kiger, Tony and Tara, ♣ Lokietek, Luke and Laura, ♣–♦ Marsh, Sarada and John, ♣–♦ McGinty, Keith and Karen, ♣–♦ McKinley, Brian and Tammy, ♣–♦ Morgan, Jaime, ♣–♦ Morrow, Kimberly and Chance (winners of the Total Money Makeover Challenge), ♣–♦ Newman, Tony E., ♣ Reep, Mark and Kelley, ♣–♦ Rhoads, Cheryl and Ken, ♣–♦ Robinson, Jim and Kay, ♣–♦ Schmidt, Darrin and Kristin, ♣–♦ Schubeck, Carla and Joe, ♣–♦ Seymour, Craig and Karen, ♣–♦ Skinner, Travis and Merry, ♣–♦ Smith, Vaneesa and Jared, ♣–♦ Stolworthy, Mark and Kari, ♣–♦ Wessner, Alison and Mike, ♣–♦ summer jobs, ♣ T title pawning, ♣ Total Money Makeover Challenge, ♣–♦ (ch 1), ♥–♠ Tote-the-note car lots, ♣–♦ trailers See mobile homes truth-in-lending statement, ♣ U unemployment, ♣ universal life insurance, ♣, ♦ USA Today, ♣, ♦, ♥ V Vanguard, ♣ variable life policy, ♣ Visa, ♣–♦, ♥ W Wall Street, ♣ Wall Street Journal, ♣ warranty, buying a new car for, ♣, ♦ wealth building, ♣–♦ (ch 12) See also Baby Step Seven Wealth Builder magazine, ♣ whole life insurance, ♣, ♦, ♥, ♠ (success story), † wills, ♣, ♦ work-study programs, ♣ X-Y-Z zero-based budget, ♣ Zero Liability policy, ♣ percent interest myth, ♣, ♦ www.DaveRamsey.com ... The TOTAL MONEY MAKEOVER Other Books from Dave Ramsey The Total Money Makeover Workbook The Total Money Makeover Spanish Edition (La Transformación Total de su Dinero) Financial... throughout this book who have won, or begun to win, with money for the first time in their lives The Total Money Makeover works! The Total Money Makeover Motto This plan works, but it will cost you... journey with me to your own Total Money Makeover, but remember, the first part of the quest is confronting the man in the mirror That man in the mirror is your Total Money Makeover Challenge 2 Denial: