<prompt> Human: Hello Reddit. A coworker of mine is reading a Dave Ramsey book right now and raving about it: dispelling myths, simple steps to increased savings, and what his personal plans will be when he finishes the book. I was wondering what folks think of Dave Ramseys ideasadvice and what challenges youve overcome trying to implement Dave Ramseys ideas as a single-income family budget. It all sounds so simple but trying to imagine implementing most of it seems daunting. Thanks for any suggestions you can provide.  <response>: All these financial literacy books are roughly the same, with some quirks here and there.You get like 80 of the value from these points. Reduce the accumulation of liabilitiescar loanscredit cardsmortgages Increase the accumulation of revenue generating assetsindex fundsreal estateetc Reduce monthly expenses like grocery, phone, etc in any way possible without severely dropping quality of life. Avoid lifestyle creep and keeping up with the joneses. Rich people keep their money and make it work for them, poor people buy stuff they do not need. 