The Total Money Makeover

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
The Total Money Makeover
AuthorDave Ramsey
CountryUnited States
GenrePersonal finance, Debt
PublisherThomas Nelson
Publication date
Media typePrint Hardcover, audiobook and ebook
ISBN9781595555274 (hardback)

The Total Money Makeover: A Proven Plan for Financial Fitness is a personal finance book written by Dave Ramsey that was first published[1] in 2003.[2][3][4]


The Total Money Makeover teaches individuals how to get out of debt as well as how to budget. The book teaches the seven baby steps to follow in order to achieve financial stability, planning ahead for upcoming financial events, like retirement, and shares stories of individuals and couples that have done so successfully.[4]

The seven baby steps are:

  1. Save a $1,000 beginner emergency fund
  2. Get out of debt using the debt snowball
  3. Building a fully funded emergency fund
  4. Invest 15% of household income for retirement
  5. Save for children's college
  6. Pay off your home early
  7. Build wealth and be generous


As of August 2017, over five million copies have been sold and the book has been on The Wall Street Journal bestsellers list for over 500 weeks.[5]

Jamie Johnson's review for Bankrate stated that, "If you've been struggling with debt and need a step-by-step plan for how to pay it off, "The Total Money Makeover" gives you precisely that."[6]

Kathleen Elkins and Libby Kane wrote for the Business Insider, "Financial guru Dave Ramsey doesn't shower his readers with quick fixes in The Total Money Makeover. He provides a bold approach to finance matters and gets to the bottom of money problems: you."[7]


  1. ^ "The Total Money Makeover > Editions". Retrieved 2019-12-24.
  2. ^ "The Total Money Makeover Quotes by Dave Ramsey". Retrieved 2019-12-24.
  3. ^ Brown, Paul B. (2019-10-11). "Reconsidering the Advice in 3 Popular Personal Finance Books". The New York Times. ISSN 0362-4331. Retrieved 2019-12-24.
  4. ^ a b "Why Dave Ramsey's Baby Steps & The Total Money Makeover Work". Best Wallet Hacks. 2018-11-21. Retrieved 2019-12-24.
  5. ^ "The Total Money Makeover Hits The Wall Street Journal Bestseller List More Than 500 Weeks". PR Newswire. August 2, 2017.
  6. ^ Johnson, Jamie. "The 6 Best Personal Finance Books For Beginners". Bankrate. Retrieved 2019-12-24.
  7. ^ Kane, Kathleen Elkins, Libby. "19 books to read if you want to get rich". Business Insider. Retrieved 2019-12-24.