Overcoming Your Debt Burden and Discover Financial Peace through Financial Peace University
Financial Peace University (FPU) is a nine-lesson class on money management taught by the American financial guru, Dave Ramsey.
It is ensconced in a seven-step practical module that enables current income earners at all stages to manage debts, their spending behavior, and to orchestrate a feasible projected financial plan.
Dave Ramsey’s financial peace program is stretched out into a nine-lesson program where students are expected to master the art of managing their personal finance to meet short-term and long-term goals.
Obviously, Dave Ramsey’s key purpose for establishing the Financial Peace University was born out of sheer concern to assist income earners who are always swallowed up with the inevitable aftermath of a mismanaged finance and its consequent plights.
The structured nine-lesson course opens with Dave Ramsey’s analytical guide to mentor income earners throughout the course of the program. Afterward, students of the program are taken through the steps of how couples can communicate and work together towards a collective success by taking control of their money, both personally and/or collectively.
This aim is structured through the adoption of the ‘Seven Baby Steps’ budgeting process clearly enumerated in the program. The Seven Baby Steps affords learners the required skills to walk out of debt with confidence at the present stage and in the future.
Through this innovation, Dave Ramsey coaches learners on the world of Insurance and a careful study that expatiates on what income earners actually needs, and what to avoid to maximize spending. The tutorial classes prepare learners to carefully opt for a credible retirement that best suits them.
Those who go through this program are also taught the need and importance of generous giving, which can completely revolutionize one’s attitude and improve their finances, business, and relationships.
Who is Dave Ramsey?
Dave L Ramsey is an American businessman, an author, a financial expert, a broadcaster, a television personality, and a motivational speaker.
Born in Antioch, Tennessee in 1960, Dave is highly reputed for his mastery of the subject of personal finance. Due to his interest in the subject, he has cornered for himself a cult of followership, especially through his three-hour radio program that airs Mondays through Fridays from a Brentwood, and Tennessee broadcast tagged ‘Financial Talk.’
His website introduces the innovative Seven Baby Steps process to actualize a formidable budget plan that meets with financial satisfaction. It also launches the EveryDollar app that assists users to adequately manage their financial plan.
Dave Ramsey has also written numerous books on finance, especially on personal finance, which includes five New York Times bestsellers.
As a businessman, Ramsey owns a company, The Lampo Group, Inc., headquartered in Brentwood, Tennessee. The company oversees six divisions geared towards financial education.
Ramsey’s growing popularity is further echoed by his overt and keen interest in personal finance, as well as his audacity to translate it into practical use. Often than not, all of his efforts are channeled to assist humans on their personal finance management through short-term and long-term benefits. This is the cardinal reason for the formation of the Financial Peace University (FPU).
Benefits of FPU
The primary benefit FPU (Financial Peace University) accords the global populace is that one can take the class online. Taking a class with others has outstanding advantages and benefits which is the best way to share ideas and physically relate to co-learners.
But due to people’s schedules and distance issues, FPU offers online classes that assimilate subscribers anytime and anywhere at the participant’s behest.
FPU’s nine-lesson class on money management helps learners walk through the basics of classic budgeting, dumping debts, planning for the future, and much more.
The best way to partake in the FPU program is to meet with other people on the same financial journey with you and share in a life-changing tutorial. It is an experience with doing online classes because the accountability and motivation received from discussing the lessons and meeting face-to-face with others play a big role in changing one’s financial life.
Aside from these, FPU has a number of benefits accompanied with eloquent testimonies from participants. For want of space, let me finally add that class materials are shipped straight to one’s door upon completion of registration.
Much as there exist commendations from feedback testimonials, the FPU program is not without criticisms.
Some people view the program as a mere theoretical idea and a common mathematical demonstration of financial management that is narrowed. Some other critics are wondering how FPU lessons can help someone whose income hardly covers for their basic needs. Others believe that the lessons are immaterial when they can manually handle their budgets without the aid of FPU’s lessons.
Dave Ramsey’s effort at the FPU program is a great innovation and a legacy that will stand for a long time. It is a strategic application that drives income earners far from financial guilt and frustration that lurks behind uncouth and bad financial management that is based on using instinctive strategy.
I will personally recommend the nine-lesson program to anyone who truly wants to find peace in their financial life now and in the future.