I have listened to Dave Ramsey's radio program before reading this book. This little book of 165 pages is packed with a lot of financial advice and tips, and formatted in an easy-to-read Q&A style.
Even for someone who stays in an Asian country, outside the U.S., this book offers a lot of financial principles that can be applied easily in any situation. Nevertheless, some specific topics addressed in the book, such as bankruptcy, divorce, estate planning, children college fund, etc, may not be applicable technically.
Essentially, Dave Ramsey adopts an aggressively conservative approach to finance management. His approach is an absolute, blanket-rule, NO to debt, particularly credit card debt - which in a sense is good, as the Bible says that "The rich rule over the poor, and the borrower is servant to the lender" Prov 22:7, NIV. Read his articles on debt in his website here and here. Although this may seems unpractical at times, but we should not be a slave to credit card. Being credit card debt free must be one of our financial goals at all times. If you feel credit card service is indispensable, then you need to read Dave Ramsey's view on this issue.
I like the section on saving. According to Dave, saving is not a matter of having more money in your pocket before you can do so. Saving is a matter of emotional priority. You will only save money when it becomes an emotional priority. The secret to saving, therefore, is FOCUSED EMOTION. This is because advertisers everywhere will try to appeal to our emotions every day and tempt to take every dollar we have by blurring the distinction between WANTS and NEEDs.
In short, I enjoyed reading this book. It is written in a fun, witty and at times, rather blunt way - typical of Dave Ramsey's style - for those who have listened to his radio program before.
Notable Quotations from the book:
Personal finance is 20 percent head knowledge and 80 percent behavior.
"You don't drown by falling in the water, you drown b staying there" - Edwin Louis Cole
"God gives every bird its food, but He does not throw it into the nest" - J.G. Holland
Your first responsibility is not the pursuit of your own happiness; it is to feed your family.
As long as you have what you need to physically survive, very few things are more important than getting out of debt as quickly as possible.
Saving vs Investing The difference between saving and investing is that savings accounts are for money that you will want to use within the next five years. If you are willing to leave money alone for more than five years, then you can begin investing
Never invest in anything you don't understand. Never invest unless you understand how it works.
It is absolutely OK for a Christian to want to be a millionaire, because as Christians we know that no matter how much we have we own nothing. We are simply managers of the resources God has given us. If we can manage God's money, whether $100 or $1 million, we are OK.
Live on less than you make. It's not rocket science.
It is never too early to start teaching your kids about money.
Stuffitis is not an incurable disease. It just takes a little maturity and growing up.
Allowance spoils a child. Commission helps a child.
We DO make enough to save money; we just aren't willing to quit spoiling ourselves with our little projects or pleasures to have enough left to save.
We make a living by what we get, but we make a life by what we give.
************************* Disclosure of Material Connection: I received this book free from Thomas Nelson Publishers as part of their BookSneeze.com book review bloggers program. I was not required to write a positive review. The opinions I have expressed are my own. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255 : “Guides Concerning the Use of Endorsements and Testimonials in Advertising.” *************************
The Grad’s Guide to Choosing Well is published by Navpress under its TH1NK line of materials. It explores common tough issues and temptations teens and young adults will likely face as they head out for life on their own in colleges. These issues covered in the book are:
Future
Sexual Temptations
Dealing with friends and roommates
Dealing with family members
Practicing integrity in studies and work
Living out my Christian faith
Getting connected with a local church
Who am I? Identity issue
Making use of my free time
Handling money
Trust God from the bottom of your heart; don't try to figure out everything on your own. Listen for God's voice in everything you do, everywhere you go; he's the one who will keep you on track.
(Proverbs 3:5-6, The Message)
Using Proverbs 3:5-6 as a foundation for making choices and setting priorities in daily life, this guide follow a pre-set format of the so-called Choice Matrix where each line of Prov 3:5-6 forms a domain by itself. The four domains in the choice matrix are:
1. Trust God from the bottom of your heart This domain is about trusting the prompting of the Holy Spirit inside you to do and not do certain things. This domain also include drawing insights from previous lessons you have learned through your growing up years and thanking God in faith that through this issue you are going to face, He will make the best out of it.
2. Don't try to figure out everything on your own. This is about getting advice and wisdom from people around, especially from somebody more senior than ourselves.
3. Listen for God's voice in everything you do, everywhere you go This is about digging into the written Word of God and see what this has to say regarding the issue you are facing
4. He's the one who will keep you on track. This final domain is about drawing insights and lessons you have learned through your handling of the issue at hand and trusting God to give you the best, and molding you into the person He intends and so the cycle repeat itself.
Overall, although this book has covered the essential contemporary issues faced by young people, I find the writing of this book to be rather plain and to an extent, monotonous. It is hard to dig out the gems and "life lessons" out from the stories. It lacks specificity when it comes to dealing with a particular issue. I wish this book would have at least some charts, figures, more captions, etc.
**************************** Disclosure of Material Connection: I received this book free from NavPress Publishers as part of their Blogger Review program. I was not required to write a positive review. The opinions I have expressed are my own. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.” ****************************
As Christians, we often expect God to show up the way we thought He would or even He should. When He does not, at times we are forced to abandon our initial plans and hopes, and have to turn to Plan B. What is Plan B? Simply defined, Plan B is the alternative plan that we have to adopt when the dreams, wishes, goals, expectations in our initial plan, Plan A, are shattered. What do we do? This is precisely what Pete Wilson, lead pastor of Cross Point Church, expounded on.
Pete started off by inviting the readers to face up a reality of life that we often wish we can escape: Plan B is not an exception, but rather it is an inevitable reality. Plan B does not just happen to some people. Plan B happens to everyone at some point of time.
Yet, as Christians we often assume God wants us well, and our lives would be smooth sailing all throughout. We may not even admit it, but we are pretty sure God is going to sweep down and provide for us the way only He could. And that is when we get ourselves into all kinds of troubles as we assume God must think and act the way we do.
Inevitably, dreams do get shattered; hopes dashed, and expectations failed. And when that happen, we often run away as an escape mechanism (Chapter 2). Not only do we run away, many of us do actually fall into some forms of addiction. Addiction has become the most common way for us to deal with our pain.
Nevertheless, Plan B also often forces us to change our perspectives. Pete said that from his experience, often people in their dying moments, almost always talk about how they finally "get it." They understand that they've spent too much of their lives worrying about things that weren't worth worrying about, and fearing things that just weren't worth fearing (page 58). Worry saps our energy. As Earl Nightingale put it: only 8% of all our worries are real, legitimate worries. Ninety-two percent are pure fog with no substance at all.
Not only that, for some, having to abandon Plan A because of failures, and unexpected turns of events can paralyze us with fear (Chapter 5). The way out is to replace these fear of the unknown with a healthy fear of God. To quote Oswald Chamber:
"The remarkable thing about fearing God is that when you fear God you fear nothing else. whereas if you do not fear God, you fear everything else."
In essence, the greatest illusion is the illusion of control (Chapter 3). The fact that we have to abandon Plan A to adopt Plan B does not mean that our lives are spinning out of control, it simply means that we are often not in control of our circumstances!
Unfortunately, the tragedy, is that when life is not turning out like the way we have hoped it will, we almost always fall back to our default mode: God has abandoned us (page 69, Chapter 6). Pete then illustrated this with the personal tragedy of Tammy Trent. This naturally brings us to the question of God's will. Is this God's will for me? Is that not God's will for me? I like what Pete said on page 75 (Chapter 6):
When people ask me how they can know God's will for their lives, I tell them the best first step is to know God. Beyond that, I really don't have any steps.
Knowing God's will is not a science. There is no magical equation. Sometimes we get it all wrong. In fact, as Pete put it, it is often a matter of trial and error. At times we may encounter roadblocks as Paul did in Acts 16. Yet, Acts 16:6 says that Paul was"kept by the Holy Spirit from preaching the word in the province of Asia" (NIV). It was the Holy Spirit Himself who kept Paul away from preaching in the province of Asia. As Erwin McManus said, part of the problem is that we are asking the wrong questions.
In fact, it is the Plan Bs that help shape us into the persons God want us to be. Pete quoted Erwin McManus again, saying:
"The process of becoming the person God wants us to become usually doesn't come from success, success, success. It's loss, success, failure, success, heartbreak, success, disappointment, success."
We need to allow God to be God. Andy Stanley said (quoted in page 98):
"Every day we have this choice to make - Am I going to define God by interpreting my circumstances or am I going to simply trust that God is who He says He is?"
In fact, in many occasions, we are living in Plan B because we have usurped God's throne. Sin occurs when we, instead of gratefully accept life and other gifts of life as gifts, we demand them, we seize them as if they are owed to us. My lust, my pride, my anger, my lack of forgiveness - all that comes from a heart that believes I am entitled to something.
Chapter 8 of the book deals with the subject of darkness. For many, we are often plunged into a depth of darkness when we have to live in Plan B. One of the results of darkness is doubt. We doubt about the goodness of God. Yet, Pete helped us to look at doubt in another way. The fact that we doubt is because we believe. Put it another way, if you have faith, you will always be susceptible to doubt. An unbeliever does not have to doubt; unbeliever does not even have the capacity to doubt, because he can't doubt something he does not believe in the very first place.
Chapter 9 deals with the role of community support when we have to adopt Plan B. Quoting writer Anne Lamott, the most powerful sermon in the world consists of two words: me too. Knowing that there is someone out there who understands the pain we have gone through, and who himself or herself has gone through the similar process of pain, gives us hope and strength. And that's the gift of community. But often we pretend. We dare not face who we really are. But we can't benefit from the power of community until we dare face who we really are.
As Thomas Merton said (quoted in page 129):
"There is no greater disaster in spiritual life than to be immersed in unreality, for life is maintained and nourished in us by our vital relation with realities outside and above us."
Many of us fear of our nakedness, emptiness, hollowness. So long as we keep pretending that we have it all together, we will probably keep missing the hope our community offers us, because we can only be loved to the extent we are known. To put it another way, as long as I have hidden stuff from you, my heart is going to reject your offer of love and friendship. I'll keep thinking, "If you knew the real me, you wouldn't say that." Often, however, the church compounds and perpetuates the problem. These moments of authentic surrender like Jesus talks about seem to be rare in churches today. Essentially, churches have the attitude of what Pete described as "bring your Bibles, bring your religion, bring your mask, but don't bring your problem." Well, the way the church responds may have to do with fear - we fear that we won't have the answers to people living in Plan B. Therefore, people in churches often fail to bring their real problems to church. Often, in churches, we don't hear of stuffs until it is too late. They are filled with the "what if"s: What if the divorced couple could have shared the problem of pornography earlier on?What if the suicide victim could have shared the problem of overwhelming darkness surrounding him?.......
In other words, the irony is, Christian community can be a dangerous place when your dreams shatter because Christians can be guilty of cliched answers, untruthful promises, and false expectations.
Therefore, Chapter 10 exposes some of the myths on Christianity. Being a Christian does not mean we have all the answers! (page 145). Chapter 10 also exposes us to the idols we often hold on to, and urges the reader to let go of these idols and to embrace the Cross.
Chapter 11 is a continuation of Chapter 10 - the hope and power that we can have in the Cross of Christ. It urges the readers to hold on to the Cross - the Anchor during the storm of life. God has been with us all the while. And when I feel distant from Him, it is not because He has left, it is because we have drifted away.
Chapter 12 is about waiting - something which many of us do not enjoy much of it. Yet, the Bible is full of accounts of people who had been on the waiting game (see Hebrews 11:13): Abraham and Sarah (Gen 11 - 21), Jacob (Gen 28-29), Joseph (Gen 30:20 - 41:39), John the Baptist (John 14:1-12), Noah (Gen 6-7), etc.
Chapter 13 is about transformation through tragedy - more or less a summary of points covered in many previous chapters.
Chapter 14, the final chapter, reminds us that ultimately in dealing with our Plan B, there is no such pre-packaged set of answers to all the Plan Bs. It is about a journey. A journey with God, to allow Him to change us and shape us into the person He wants us to be along the journey.
In short, reading this book reminds me of Philip Yancey's Where is God When It Hurts and Disappointment With God. Many of the points covered here are covered in these two books as well. But Pete's writing is refreshing. It is written with a tone of compassion and warmth.
************************* Disclosure of Material Connection: I received this book free from Thomas Nelson Publishers as part of their BookSneeze.com book review bloggers program. I was not required to write a positive review. The opinions I have expressed are my own. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255 : “Guides Concerning the Use of Endorsements and Testimonials in Advertising.” *************************
