Overdue final update: Financial Peace University Review

Hi, my name is Joe and I’m a slacker. I promised regular updates to my review of Dave Ramsey’s Financial Peace University (FPU), in which I am enrolled, but have failed to deliver.
I am ashamed.
To make it up to you, I’m offering a bonus: until the end of July, all new RSS subscriptions are free. [...]

Hi, my name is Joe and I’m a slacker. I promised regular updates to my review of Dave Ramsey’s Financial Peace University (FPU), in which I am enrolled, but have failed to deliver.

I am ashamed.

To make it up to you, I’m offering a bonus: until the end of July, all new RSS subscriptions are free. That’s right, free, as in zilch. Sign up quick and take advantage of my remorse. Subscriptions after the bonus period will be at least triple the bonus price!

If you found us through a search engine and are looking for the full Monty on Ramsey’s FPU, you’ll want to start here. The 13-week course is almost half over and I can say with a straight face that I’m happy with the content and the price we paid. I’d do it again, and recommend it to others. In fact, I will do it again because my membership fee entitles me to attend refresher courses anywhere, anytime, at no additional charge. It will be good to go back again later and brush up on the things I’m less interested in right now, such as college and estate planning.

My interest wanes
The first few weeks of FPU courses were very good for me: the importance of saving, how men and women think about money differently, how to plan cash flow (or how to make a budget that works), the evil of debt and how to get out of it (not necessarily in that order). But now that we’re moving on to more advanced topics, such as insurance, investments, and estate planning, I am less engaged in the content. Don’t get me wrong—the information is just as good and just as well presented, but my personal investment in it (my motivation) is smaller. There are reasons for this, and I understand the reasons, and it’s not a fault in the course itself.

The members areaFPU members area
I should have mentioned in an earlier post about the Members Area that those enrolled in FPU get access to (image used with permission). It’s full of good resources to supplement your reading and course content, such as budget spreadsheets, debt reduction calculators, discussion forums, and so on. There is a downside: you only have access to it for as long as your course lasts and then you have to convert to a paid membership if you want to keep getting in. It would suck to do all of your budgeting and debt-reduction planning online, only to lose that work when your free access is cut.

I recommend it
My results have not been as dramatic as those in FPU’s marketing, but they are positive results. We are saving money now (weren’t before) and have a workable plan to get out of debt. No magic unicorns that poop $100 bills, but good information that will serve us well for a lifetime. In my opinion, you can head over to Financial Peace University and sign up with confidence that you’ll get your money’s worth.

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2 Responses

12.31.07

Seriously, Dave Ramsey rocks. I haven’t taken this course because I listen to his radio show everyday via podcasts. They are free podcasts from itunes or his website. He mentiones that basically this course is the same advice that he has on his radio show, but it’s just a fancier package.

I have been on the Dave Ramsey plan for three years now and in just a couple more months I will be DEBT-FREE!! Ok, I had a lot of debt. :) But I have savings, an emergency fund and am very very close to finally being debt free.

Nothing was easy. But he does break it down for you so that you can breathe and realize how to budget your money. I use a virtual envelope program, but it’s the same thing.

He does seem kinda hokey or preachy at times, but if you actually listen and give him a chance–it works. Sure, I’ve been on “beans and rice, rice and beans” for the last three years, but I have paid down $22,000 of debt. So thanks for your review and remember to let people know that they can get all this info for free if they just listen to his podcasts.

He also has a show on Fox Business Network. It’s really funny though, now that I am almost debt-free and I manage my money rally well, I see things differently.

All around me, I see “debt people.” Great blog, great info. Thanks.

My wife and I are debt-free, and are now going to be using the methods found in ramsey’s FPU to start investing and saving.

As Ramsey says we’re going to live like no one else so that later we can live like no one else!

Also, I would like my own magic unicorn that poops $100 bills. Where do i sign up?

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