What is Reddit's opinion of The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness?

From 3.5 billion Reddit comments

TLDR: Yes it's possible, no you need more information than any video can present in 9 minutes, think about whether it's a good idea for you.

I'm not going to sit through a video that probably only has 2 paragraphs of actual information. I will say that yes, it is possible to pay off a mortgage in that kind of time frame. If you want something with a little more detail on how to get there, you might consider spending $12.99 on a book. Heck, it turns out that Amazon will autocomplete "pay off mortgage in 5 years" and you can have a book that just deals with that for about $5.

The next logical question: is it desirable? Assuming that your mortgage is affordable and you aren't buried under a mountain of debt, is there a reason not to have a monthly mortgage payment? Sure, the mortgage interest deduction is probably not a factor anymore. But why not use the leverage of that money in your bank/brokerage account? And what about the piece of mind knowing that the escrow account associated with your mortgage is taking care of the property taxes without you having to save or even think about it? I'm not saying not to pay off the mortgage, I'm saying examine your reasons for doing so and the potential pros/cons before you get rolling.

https://www.amazon.com/Total-Money-Makeover-Classic-Financial-ebook/dp/B00DNBE8P6/ref=nodl_

Piracy is a form of stealing. Don’t think Dave would be OK with stealing.

If you really need the book, call in, and he might give it to you for free.

Dave has hard cover on his site for $16 and audiobook for $20 (price rounded up). Amazon sells kindle for $17.

Pay off your loans, then build an emergency fund, and only then invest. If market declines (which it will one day), you'll be in a horrendous financial position, with debt bills that must be paid but funds that are losing their value.

Your loan interest rate may be 4.4% and the average market may be a higher rate than that, but those mathematical numbers do NOT take risk into account. If you account for that, mathematically, you're better off to take the guarantee return of paying off the loans sooner rather than later.

My advice: Get on a ridiculously aggressive plan to pay off the loans in 2-3 years. What you save on interest & risk will yield greater returns than taking a risk in the market.

Would highly recommend this book for help--it changed my life and will hopefully prevent you from making the same mistakes I did:

Good on you for being proactive about your finances. Please cut it up so you don’t use it any more. I suggest reading this book https://www.amazon.co.uk/Total-Money-Makeover-Classic-Financial-ebook/dp/B00DNBE8P6

https://www.amazon.com/dp/B00DNBE8P6/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1

Read it, live by it. I know its a bit fucked to tell anyone in this position to just "be better with money" (especially with the Covid), but understanding how and where you spend money by doing a budget is critical. Getting a small sum together for emergencies, is critical.

This book really helped influence and codify how I use money, got my 50k in student loans paid off in 3 years, and has me well on my way to saving for retirement and a home.

Financial stress, constant never ending hardship of money, creates a form of PTSD that will literally kill you years ahead of your time.

> Caveat: I don't have a max on lifts because I never max out and I don't lift heavy often. These are weights I can do a few reps at or I max out at with the push-up/pull-ups > > Physical > > Squat - 265 > > Bench -225 > > 9 minute mile > > 3 Pull-ups > > 62 Push-ups

This is pretty good so far.

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>Stats: 5'8 220 28.7% BF

>I am 5'8 and 220 pounds which means I'm about 45-50 pounds overweight and it shows. I have man boobs, a decently big stomach, and a few chins.

This, however, is not. I see you realize this.

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>I've tried to lose the weight many times, at one point I got down to 190 but quickly went back up.

But you were unable to make any lasting changes. Why? Because you went right back to the same bad habits after losing 30 lbs. Long-term success means a permanent lifestyle change.

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>I've asked out many women and all have said no - not been on a single date ever.

And this is definitely not going to change until you address your weight. Your social skills are likely lacking, as you indicated, but being attractive can overcome a big part of that all on its own. I used to be just like you - at my heaviest I was 252 lbs. at 5'9". I did intermittent fasting and caloric restriction and lost 73 lbs. in 2-1/2 years. And this was starting when I was 43 years old. If I can do it, you can too. You just need discipline. You're already lifting and doing other exercises so you're off to a great start! Now it's time to start tracking your calories.

• Determine your TDEE first.

• Download the MyFitnessPal app and set it for 500 calories a day below your TDEE. Log EVERYTHING you put in your mouth. This should get you losing around 1 lb a week.

• For me, Macros are not so important. I'm doing 40/30/30 Protein/Carbs/Fat in general, but I don't hit those numbers religiously. Others feel that Macros are one of the most important aspects. Experiment to see what works for you.

• The biggest thing: write everything down - track your weight progress, your weights on the bar, your caloric intake. Look for trends that indicate you're moving in the direction you want to go.

It's the new year, so it's a perfect time to get started on this.

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>Made a few friends this past year at work

>Have no Christian friends though

Join the Discord: https://discord.gg/JHnN98u

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>Currently have 40k in student loan debt and 15k in car note

>Have 30k in the bank and debating if I should pay my student loans down or wait to see if Gov cancels them.

>Started a retirement fund this year and it has 10k at the moment. It is invested 100% in mutual funds that track the S&P 500.

It doesn't make sense to sit on money in the bank while you're in debt. My recommendation would be to pay off the car now, then put some of the rest toward your student loans. Whether or not the government chooses to cancel student loans is irrelevant - you borrowed money, you pay it back. That's the honest Christian thing to do. Plus let's be honest: the government is pretty much all talk at this point, so if you're waiting for them to help you'll be waiting a LONG TIME.

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Also, I wouldn't add anything to the retirement fund until you're completely out of debt. Make being debt-free your #1 priority. Get a copy of Dave Ramsey's The Total Money Makeover and get started.

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>I spend my free-time playing Video Games or consuming video entertainment whether that's YouTube or a streaming service.

Here's something to consider. Escape velocity, brother.

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>I watch porn on a daily basis with little satisfaction from it; however, watching porn brings this almost unexplainable happiness that I get nowhere else. It doesn't last, which is why I find myself consuming more of it day by day.

It's an addiction, like drugs or alcohol. Here's some links that may help:

• Tactics for Getting Out From Under Porn

• Kicking Porn for Good

• Taking off the old, putting on the new

• Practical tips to avoid sexual temptation

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>I realize I can't live like this, mostly because I am not serving the Lord in any way. I know my habits are trash, but time is time. Time will pass and unless I replace those habits with something else, those habits will remain.

>I don't seem to have the ability or desire to change any of the bad because I've given up. I'm done.

The two statements above directly contradict each other. Why? Because you still have the desire to change. Now that you're here, we'll give you the tools and hold you accountable if you want it. The hardest part of all this is just getting started.

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There's much more I could share but right now, just focus on 3 things:

• eating at a deficit and tracking your calories religiously to lose weight
• join the Discord for fellowship and accountability
• spend some time away from the screen each day and seek the Lord

Con respecto a finanzas:
Recomiendo leer https://www.amazon.com/dp/B00DNBE8P6, es medio libro de auto ayuda pero tiene buen info y buenos piques si no tenes un plan de ahorro y ya tenes deudas.
Con respecto a tarjeta de credito, yo subscribo a la idea de usarla para todo. Primero porque no es tu plata y tenes cierto seguro para robos y eso que con la de debito no. Segundo porque algunas tarjetas te dan millas que si las usas pila te beneficias. Esto siempre y cuando pagues el total mes a mes. La idea no es endeudarse y sacar en cuotas, la idea es usarla como si fuera de debito que post paga.

I would only invest in vanguard lifestrategy funds. But you are very young. Be careful not to lock your money away as you need to think about college fees, buying a house etc.

This book is a good read

The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness by Dave Ramsey http://www.amazon.co.uk/dp/B00DNBE8P6/ref=cm_sw_r_udp_awd_pMykvb16JD61W http://www.amazon.co.uk/dp/B00DNBE8P6/ref=cm_sw_r_udp_awd_pMykvb16JD61W