![]() ![]() They also look at the importance of giving.Įven though a lot of these points may seem like common sense to a lot of people, for some they just don’t think about doing these things if they haven’t actually been told how to do them. The baby steps basically involve planning ahead for emergencies, paying off debt and then planning for the future in a variety of ways. Baby Step 5 – College funding for childrenįor a more in depth discussion of the baby steps, head over to Ramsey’s site. ![]() Baby Step 4 – Invest 15% of household income into Roth IRAs and pre-tax retirement.Baby Step 3 – 3 to 6 months of expenses in savings.Baby Step 2 – Pay off all debt using the Debt Snowball.Baby Step 1 – $1,000 to start an Emergency Fund.On his website Dave Ramsey lists what his 7 Baby Steps to financial freedom are: So what are the 7 Baby Steps? Dave Ramsey’s 7 Baby Steps In addition to his best selling books and radio and TV shows Ramsey also teaches “Financial Peace University” at huge live events, and the 7 Baby Steps are an offshoot of the FPU class. If you’re afraid of hard work, you may want to look elsewhere for your advice. He gives no-nonsense advice to folks who have gotten in over their heads, and helps them to find their way out, in a responsible way. Dave Ramsey is a personal money management expert, radio talk show host and TV personality who over the years has helped thousands of people become debt free and change their financial lives. ![]()
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