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Dave Ramsey's Financial Peace University

Updated on November 21, 2009

Dave Ramsey certainly fills a need in the world of personal finance. He was a millionaire in his twenties, lost it all and declared bankruptcy, paid everything back and is now a millionaire again. I think it is safe to say that most people can relate to what he has been through and learn some things about money. His class Financial Peace University gives everyone the opportunity to do just that.

Financial Peace University is a 13 week class that is full of great information. Typically this class will be offered through a church or workplace in your community. The class is structured so that you will watch a DVD of Ramsey presenting the information and then have a discussion time afterwards in small groups. I bet you are thinking that it would be miserable to watch a DVD on finances. Not so in this case! Dave Ramsey is a fabulous speaker and it is actually a lot of fun watching him.

The weekly sessions are not just for people trying to get out of debt, although he does spend a large portion of time in his books and on his radio show dealing with this. My husband and I took this course after we were out of debt except for our mortgage. We still learned a lot and made tremendous progress during the class.

The sessions will include the following information: Super Savers, Cash Flow Planning, Relating With Money, Buying Only Big, Big Bargains, Dumping Debt, Understanding Investments, Understanding Insurance, Retirement & College Planning, Buyer Beware, Real Estate & Mortgages, Career & Extra Jobs, Collection Practices & Credit Bureaus and The Great Misunderstanding.

There is a large workbook that comes with the kit. It has a large section on getting started with the program as well as budgeting forms, information on each week's topic and other templates that you can use to help you format letters to your credit card companies or possibly collection agencies. Also included in the kit is a CD containing budgeting forms and financial calculators, the audio CDs of the entire course, the book Financial Peace, and Ramsey's cash envelope system.

With all of these tools to help you, you will surely make great progress improving your financial life. In fact his statistics show that the average family going through his 13 week course will pay off $5,300 in debt and save $2,700 - just in the time they are taking the course. He also says that the average family will be debt free except for their mortgage within 18-24 months of taking this course. I believe him! The people in our class, including us, made so much progress during this time.

Financial Peace University is a wonderful finance course that will motivate you to finally take control of your finances. If there isn't a course in your area, it is possible for you to start one. The Dave Ramsey website has all the information you need to do this. One of the things I like so much about this program is that once you go through the course, you can go through it as many times as you want for free. You will only pay the first time and I have to say it is so worth the money and not very expensive for what you get.

If you are looking to change your life financially then this is the course for you. I think Dave Ramsey could motivate anyone to take control of their finances he is such a great speaker. If you are struggling and trying to get out of debt or to get ahead financially, this course will absolutely help you do that. Good luck!

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    • Jewelz1313 profile image

      Jewelz1313 5 years ago from Branson, Missouri

      Voted up and useful. Gotta love Dave.

    • petertheknight profile image

      petertheknight 6 years ago from Atlanta, GA

      I would like to host the Financial Peace University in my small town. I would also like to read his new book. Thanks for sharing!

    • MomCrafting4Fun profile image

      MomCrafting4Fun 7 years ago from Sunny Califronia

      We have not taken FPU, because we could not afford it. Now we are debt free excpet the house and I wasn't sure it would be helpful to us. You have changed my mind and I am excited to attend it with my husband.

    • profile image

      Dave Ramsey Fan 7 years ago

      FPU totally changed our financial lives. One of the keys for me and my wife was that we agreed to follow the program exactly unless we both disagreed with a point. We ended up following almost everything and within a couple of years were able to pay off substantial debt and get total financial control. I'm a big fan.

    • andryia profile image

      andryia 8 years ago

      Nice hub! I have taught Financial Peace University a couple of times and agree that it is really worth the effort. It's also a good way to meet people and make friends.

    • profile image

      nanniereese 9 years ago

      I took his course in the latter part of 2007. He open my eyes to so many things and we are still following what I learned and we are so thankful!