Book Report: The Total Money Makeover by Dave Ramsey


Book Report: The Total Money Makeover by Dave Ramsey – 044


In episode 44, it’s time for our book report.  This month’s book is The Total Money Makeover by Dave Ramsey. 

This book was instrumental in helping John and I take control of our financial situation and we hope that it will help you too!

We also check in to see how Jenny and I are doing with our 19 for 2019 lists.  We are more than a quarter of the way through the year, so it checks out that we should be more than a quarter of the way through our lists.  How are you doing with your 19 for 2019 list?


Tune in and Listen Below



What You’ll Hear (and don’t want to miss!)


1:13: We review what we are doing for this month’s challenge around monitoring your finances.

1:44: Book Report:  We dig right into the details of The Total Money Makeover by Dave Ramsey

10:27: Baby Step 1 – $1,000 to start an Emergency Fund

12:18: Baby Step 2 – Pay off all debt using the Debt Snowball

14:32: Baby Step 3 – 3 to 6 months of expenses in savings

16:10: Baby Step 4 – Invest 15% of household income for retirement

17:09: Baby Step 5 – College funding for children

18:19: Baby Step 6 – Pay off home early

20:00: Baby Step 7 – Build wealth and give!

27:55: We check in to see how Jenny and I are doing when it comes to our 19 for 2019 lists.

37:39: We wrap it up for this week. Next week it’s a new month and it’s time for a new challenge. 


Resources + Links Mentioned in This Episode:


Right click here and save as to download this episode to your computer

App:  Mint

Book: The Total Money Makeover by Dave Ramsey


Dave Ramsey’s Website

Dave Ramsey’s Debt Snowball Tracker

Dave Ramsey’s Debt Payoff Calculator

Rachel Cruze Instagram Page  


Key Quotes:


The Total Money Makeover Challenge

Dave introduces the concept of the Total Money Makeover, and challenges the readers to take a good honest look at themselves and how they are using money. In his words, “the plan isn’t theory. It works every single time. It works because it is simple. It works because it gets to the heart of your money problems, you. It is based on a series of prices that must be paid to win.” This roadmap is simple, but not easy. He describes financial success as 80 behaviour and 20 percent knowledge and explains that most of us know what to do, we just don’t do it and that frankly it is hard. His motto is If you will live like no one else, later you can live like no one else. 


Share your thoughts… We’d love to hear from you!


What was your biggest take away from this episode? Did you read The Total Money Makeover?  What did you think?  Are you going to make any adjustments to your financial habits based on what we learned today?

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The Improvement Project podcast is hosted by Dr. Peggy Malone and Jenny Couse.  Peggy is a health care provider who encourages her patients every day to create better habits associated with their health and wellness.  She is wife to the hilarious and heavily bearded John, with whom she takes many adventures. Dr. Peggy is also a human being on a mission to create better habits for herself and by doing so, she hopes to inspire others to take up the challenge with her!  Jenny is a marketing professional in the international trade sector.  She and her husband Jeff are parents to hilarious 5 year old Ethan.  Her year of monthly habit resolutions in 2015 piqued her interests in how habits are created and best kept.

Join them weekly to explore how to create healthy habits that stick on the journey to becoming better humans!



Until next time,

  Let’s get to work on improving your most important project.  That’s YOU!  Stay focused and get after it!

Thank you so much for listening.

Big Love,

Peggy and Jenny