During our family vacation last month, I saw my sister in law reading this book, The Total Money MakeOver by Dave Ramsey. She told me that she’s just finished reading another book called  The Millionaire Next Door by Thomas J. Stanley

As a frugal person myself I usually don’t read these kind of books. There are so many books about how to manage your finances out there, and it seems they all offer similar ideas.  There’s nothing new.  I’m always skeptical about reading one, since I think I am frugal enough and I don’t need any more frugal lessons from any books or anyone. Boy! I think I am wrong.

Knowledge is an investment! Wherever the source is, you can always take the benefit from it. Learning is never ending.

One reason that attracted me the most (out of my curiosity) to want to read these books is after watching the changes in the attitude and habit of my sister in-law. If these books can change someone’s attitude and behavior toward their finances, they must be powerful and well worth reading.

The Total Money MakeOver by Dave Ramsey

I asked my sister in law… “why these 2 books?” And she said, the total money makeover will teach you the core lessons of financial management that lead you to financial freedom, a debt free life and a better future. And the millionaire next door will give you an understanding or at least help changing your mindset toward who the the millionaire is (Isn’t that being be a millionaire everybody’s dream?).

A little information about this 2 authors :

You may already know Dave Ramsey is a New York Times best-selling author, a nationally-syndicated radio show host and television host & motivational speaker. He has written numerous books and own a radio show called the Dave Ramsey Show. Also he’s been featured on many media outlets.

Thomas J Stanley, is American business book Author. He’s a respected researcher, advisor, and author of several award winning books on America’s wealthy population.
The millionaire next door is a series of his research on how wealthy people or people he calls self-made millionaires behave toward their life and lifestyle.

Sticking to my frugal principal, I borrowed these 2 books from library last week.

Tip: don’t buy a book if you know you can borrow it from the library.

For the next 3 weeks or so I will read and learn from these 2 books. As I am reading the book, I’ll also write my review about these 2 subjects.

Here’s the part I’ve been reading so far…
Dave Ramsey’s The Total Money Make Over Motto is “If you will live like no one else, later you can live like no one else.”  What it means is if you will make the sacrifice now that most people aren’t willing to make, later on you will be able to live as those folks will never be able to live.

The truth :  Do you know that 90% of people in our culture buy things they can’t afford?

Dave Ramsey makes the money makeover parallel to someone who tries to lose weight. If you want to lose weight you need to work extra hard the get rid of the pounds. The more pounds you have the harder the work you have to do. When you get older, your metabolism gets slower and losing weight gets harder and harder.

Have you ever seen the show “ The biggest loser”? it may seems easy for them to lose weight when you watch them on TV but in the reality I read from this interview with Jillian Michael they have to work out almost 4 hours every day. I know this is impossible and is not safe but the fact is you can do it if you want to.

The weight loss principle works similar to total money makeover. You just need to jump and make a decision if you want to change.

The Millionaire Next Door by Thomas J Stanley

From the few pages of The Millionaire Next Door I’ve been reading so far, I found this interesting fact : Most self-made millionaires (I’m not talking about someone who inherits money, or wins the lottery) are the most frugal people in society. They buy second hand cars. They don’t wear expensive clothes, suits, shoes, as you expect millionaires should.

Working in financial industry myself and working and watch many types of clients, I definitely agree with what this book is saying. Looks can be deceiving. You just can’t believe people who drive nice cars/import cars, wear designer clothes/bags, nice suits and shoes have far less in their account compared to a millionaire who drives an economy car and wears “goodwill” clothes. As a matter of fact, the old saying “Don’t judge a book by its cover” is true.

To Be Continued….


  1. Great article. We follow the Dave Ramsey baby steps to pay off our debt. The results so far are amazing! I will have to read the Millionaire next door, now that I know its not a get rich quick plan.

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