and has it truly helped you with getting out of debt? if so, how much did you have to invest in the program and how long did it take you to get out of debt....
2007-01-07 07:49:07 · 4 answers · asked by brendalee80 2 in Business & Finance ➔ Personal Finance
Yes, we went through FPU (financial peace university) about $100 investment and one evening a week for 13 weeks, it helped us to start being accountable and do the program. We are still working on getting out of debt but we have only been working at it for 11 months. We have paid of over 5 figures so far, we have a year or two to go but making big strides, much more so than without his program. During this time period we had to make 3 unexpected trips 15 hours away to bury my father-in-law and help bury him, we still have paid off a ton of money and paid cash for the trips. Even with tragedy and getting off track his program works.
His radio program is great but we wouldn't be doing as well with the program without FPU. We are going to go see him in Feb (1 year after starting the program) as a refresher and to stay motivated.
He is biblical based "the borrower is slave to the lender." He teaches what he practices so it is great to hear. He has also been there done that, going from millionaire to bankrupt and back to millionaire (10 years after going bankrupt) proves to us that he has been there done it and it can be done.
He often has specials on his books at his website: www.daveramsey.com and you can find FPU in your area on his website.
2007-01-07 12:15:51 · answer #1 · answered by mldjay 5 · 0⤊ 0⤋
Still working on getting out of Debt, Brendalee ... but yes it has definitely helped (I went through FPU - Financial Peace University). If for no other reason that it makes you REALLY aware of how bad debt can be and the importance to paying off your debt quickly. Most of what he teaches isn't rocket science or even uniquely his ideas, but he teaches important concepts in a very light hearted and humorous way that helps to motivate you to start doing the right things.
It's going to take me about a year to get out of all debt (except the house), but I've already paid off about $15,000 dollars of debt (mostly loans for a new car and furniture) since taking the course. I also like the Baby Steps system and the Debt snowball concepts (which I used even before taking Dave's class).
Dave Ramsey structures the class to help out everyone, even the person in the worst possible shape, so some of his suggestions and strategies were not particularly useful for me, but you're always free to pick and choose which parts are most applicable to your situation.
I definitely recommend it ... even to people without any debt because Ramsey ALSO focuses on how to build wealth and retire early as well ... so ... there is something for everyone.
Good Luck.
2007-01-07 08:08:36 · answer #2 · answered by Informed1 4 · 1⤊ 0⤋
Dave Ramsey (in spite of his religious ramblings) is dispensing pretty much straight-ahead truth & sound advice regarding getting out of debt. But you can listen to his radio program for free, and learn the basic principles of his debt-reduction plan, without paying for it!
2007-01-07 08:23:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I have gotten of our debt took us several years and use primarily Dave's system. I like the baby steps concept.
2007-01-07 07:51:24 · answer #4 · answered by T O 3 · 0⤊ 0⤋