Which Ramsey Book Should I Read?

Which Ramsey book one should read really depends on one's needs and where they are at in their financial journey. Ramsey has written books on personal finance, on running a business, tools for parents teaching their children financial literacy, and how to best manage wealth. To get started, everyone should read The Total Money Makeover, which shares his story and the proven plan to achieve financial peace.

Which RamseyTrusted Book Gives the Best Financial Advice?

The Total Money Makeover is the best place to start to learn about the proven plan to achieve financial peace.

What is Ramsey’s View on Life Insurance?

Ramsey has strong opinions on this matter. Typically, he does not recommend using life insurance as an investment tool and discourages people to seek out whole life type products. Dave does recommend having term life insurance in place to protect one of people’s greatest assets: their life.

What is Ramsey’s Insurance Model?

Ramsey recommends having higher deductibles on property insurance, at least $500k in liability for liability insurance and term life insurance to cover one’s income earning years.

Why RamseyTrusted?

Ramsey has been in the valley and on the mountain top when it comes to finances. With that perspective he’s been relatable to most people. He recommends simple, straightforward advice to manage one’s finances that anyone who really wants to achieve financial freedom can accomplish.

Why Does Ramsey Recommend a Roth IRA?

In Ramsey’s 7 Baby Steps, step 4 outlines investing 15% of one’s household income in retirement. Diversity is important when investing so Ramsey recommends taking advantage of any retirement match given by one’s employer. He also says to contribute to a Roth IRA. The contributions to a Roth IRA are from post-taxed income, so when it becomes time to draw funds from that account, all of the withdrawals are tax-free. This differs from a 401k or Traditional IRA, which are funded with pre-tax income and are therefore taxed when withdrawn from.

What Type of Advice Does Ramsey Generally Give?

Ramsey is known for providing personal finance advice that’s based off common sense and wisdom he’s accumulated over his life.

What Does it Mean to be Ramsey Trusted?

Being a RamseyTrusted Pro means that our agency aligns with the values that Ramsey teaches, provides a high level of service, offers needs based solutions and is endorsed by the RamseyTrusted team.