Dave Ramsey's Financial Peace University
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!