Notes & Quotes: Total Money Makeover by Dave Ramsey

The following are my favorite quotes from Dave Ramsey's Total Money Makeover: A Proven Plan for Financial Fitness.
  1. Personal finance is 80% behavior and only 20% head knowledge.
  2. I owe, I owe, so off to work I go.
  3. The challenge is you.  You are the problem with your money.
  4. If you will live like no one else, later you can live like no one else.
  5. The enemy of "the best" is not "the worst."  The enemy of "the best" is "just fine."
  6. It is human nature to want it and want it now; it is also a sign of immaturity.
  7. Debt adds considerable risk, most often doesn't bring prosperity, and isn't used by wealthy people nearly as much as we are led to believe.
  8. Looking good is when your broke friends are impressed by what you drive, and being good is having more money than they have.
  9. We yearn to become healthy, wealthy, and wise with no effort and with no risk, but it will never happen.
  10. The lottery is a tax on the poor and on people who can't do math.
  11. Ignorance is not a lack of intelligence; it is a lack of know how.
  12. Ignorance is not okay.  "What you don't know won't hurt you" is a really stupid statement.  What you don't know will kill you.
  13. Find something to do and do that with vigor until it is complete; then and only then do you move to the next step.
  14. You have to tell money to do or it leaves.
  15. If your budget is stopped-up and your debt snowball won't roll on its own, you are going to have to get radical.
  16. Beware not to rationalize the use of your emergency fund for something that you should save for and purchase.
  17. Retirement in America has come to mean "save enough money so I can quit the job I hate."  That is a bad life plan.
  18. College is great, but don't expect too much from that degree.
  19. College isn't even a need; it is a want.  It isn't a necessity; it is a luxury.  This luxury is one of the 1st on my list, but not before retirement, not before an emergency fund, and certainly not as a reason to go into debt.
  20. If you must take out a mortgage, pretend only 15-year mortgages exist.
  21. If you think wealth will answer all life's questions and make you trouble-free, you are delusional.
  22. Until you have $10 million, keep your investments simple.
  23. Always manage your own money.  You should surround yourself with a team of people smarter than you, but you make the decisions.  You can tell if they are smarter than you if they can explain complex issues in ways that you can understand.
  24. When your money makes more than you do, you are officially wealthy.
  25. Only the strong can help the weak, and that is true of money too.
  26. Money gives power to good intentions.
  27. There are only three uses for money: FUN, INVESTING, and GIVING.
  28. Wealth will make you more of what you are.  Let that one soak in for a minute.
This book doesn't necessarily lend itself well to simple quotes.  The fact is that if you're in debt, not only do you need to read this book but to apply the principles.