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Dave Ramsey's 7 Baby Steps will show you how to save for emergencies, pay off all your debt for good, and build wealth. It’s not a fairy tale. It works every single time!
- Save $1,000 for your starter emergency fund.
- Pay off all debt (except the house) using the debt snowball.
- Save 3–6 months of expenses in a fully funded emergency fund.
- Invest 15% of your household income in retirement.
- 9 min
- Save $1,000 for Your Starter Emergency Fund. Only 32% of Americans say they can pay cash for a $400 emergency.That means 68% of them are borrowing, selling or going into debt when life happens.
- Pay Off All Debt (Except the House) Using the Debt Snowball. Debt’s good for one thing and one thing only: holding you back. But you don’t want to be held back.
- Save 3–6 Months of Expenses in a Fully Funded Emergency Fund. The debt is gone. Goodbye, debt. Talk to you never. Now, you’re going to build up that emergency savings fund so it’s strong enough to stand up to bigger problems, like job loss.
- Invest 15% of Your Household Income in Retirement. For some people, retirement can seem like tomorrow’s problem. But that kind of thinking will leave you working for the rest of your life.
💵 Create Your Free Budget! Sign up for EveryDollar ⮕ https://ter.li/6h2c45 📱Download the Ramsey Network App ⮕ https://ter.li/ajeshj 🛒 Visit The Ramsey Sto...
- 8 min
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- The Ramsey Show Highlights
Aug 27, 2013 · Dave Ramsey's Baby Steps — the plan to win with money. 💵 Create Your Free Budget! Sign up for EveryDollar ⮕ https://ter.li/6h2c45 📱Download the Ramsey Network App ⮕ https://ter.li ...
- 31 sec
- 187.8K
- The Ramsey Show Highlights
You win with money the same way you learn to walk - one step at a time. That's where the 7 Baby Steps come in. Here's the process: Baby Step 1: Save $1,000 for Your Starter Emergency Fund. In this first step, your goal is to save $1,000 as fast as you can.
This includes what is called the 7 Baby Steps. These are steps performed one at a time, in their respective order, to obtain what we call financial peace. Baby Step 1: Save $1,000 for Your Starter Emergency Fund. In this first step, your goal is to save $1,000 as fast as you can.
