This post contains affiliate links. However, we strive to help you navigate the financial system with confidence, and our opinions are our own. Please read our advertising disclosure for more info.

If you enjoy the 1 last update 2020/07/07 reading and learning about money and personal finance, then you already know Dave Ramsey.If you enjoy reading and learning about money and personal finance, then you already know Dave Ramsey.

He''s no doubt he hasn''s Methods Are Pure Gold

putting baby to sleep in bouncy chair ⭐️how to putting baby to sleep in bouncy chair for No matter how many blogs I read or podcasts I listen to, his name stands out. He''s because he understands the motivation people need to get out of debt.

Heck, he even inspired me to go through his Master Training Program and become a financial coach.

I think the world would be a better place if we take his example by sharing our failures with others to help them avoid the same mistakes that we make.

putting baby to sleep in bouncy chair 👍how to putting baby to sleep in bouncy chair for While in his early 20''s also a marketing wizard. Early in his career, he wrote the book Financial Peace (then later, Financial Peace Revisited) and offered it for free to his church members.

putting baby to sleep in bouncy chair 🔥how to putting baby to sleep in bouncy chair for When he later started his radio show, he was able to use it as a platform to both sell the book and the Dave Ramsey Baby Steps and the rest is history…

His entire focus then, and now, centers around his 7 Baby Steps and is known for encouraging people to become debt-free.

Whether you agree with him or not, I think most would at least benefit from listening to what he has to say.

Both my wife and I owe him a debt of gratitude (no pun intended!).

So today I''re simple to understand, but for some, they''s a step by step breakdown of each from Dave.

putting baby to sleep in bouncy chair ☑how to putting baby to sleep in bouncy chair for Step 1: Save $1,000 in an Emergency Fund

Have you ever had something bad happen when you could least afford to? Maybe your A/C unit went out in the heat of the summer or you totaled your car.

There''s Law.

It states:

Anything that can go wrong will go wrong.

It''t. In my opinion, I think doctors and other high-income professionals make enough to save more than this, somewhere in the $3,000 – $5,000 range.

You can read more about emergency funds here: Emergency Fund Overview

But I get where he''s gone.

After the smallest is paid off, you move on to the next one on your list. With that one, you simply add what you were paying on the debt before it + the minimum payment you were already paying until it''re consumer debt-free.

We created our list on a dry erase board which helped keep us even more motivated through the process. Once we paid for 1 last update 2020/07/07 off a debt, we''ve completed this step, congratulations! You''s now time to move on to Baby Step #3…We created our list on a dry erase board which helped keep us even more motivated through the process. Once we paid off a debt, we''ve completed this step, congratulations! You''s now time to move on to Baby Step #3…

Baby Step 3: Finish The Emergency Fund With 3 To 6 Months Of Savings

At the 1 last update 2020/07/07 this point, you''s college accounts or paying off the house early.At this point, you''s college accounts or paying off the house early.

putting baby to sleep in bouncy chair 🔴how to putting baby to sleep in bouncy chair for Now there''re reducing the risk of having to go back into debt if we experience an emergency.

If you don''s college savings? Not good for 1 last update 2020/07/07 choices.If you don''s college savings? Not good choices.

Once you''s briefly think through this. It''d do anything for my kids if it''d have to depend on your kids to take care of you. Mine can''ve said this before and I''t, that''s just less time it will take to reach financial freedom.

Baby Step 5: College Funding For Kids

By the time you reach this step, you should:

  • have an emergency fund with 3-6 months of expenses
  • be debt-free (except a mortgage)
  • be investing at least 15% or more of your gross income

Now that you have your finances in order, it'' college educations. Dave recommends using we paid off our mortgage in 2017, we did so more from a psychological point of view.

For us, there was nothing like the feeling of driving up to the house each day knowing that we owned it. The grass even felt different!

Whenever our family hears talk about how the wealthy are “bad” or the evil “1%” take advantage of people, we remind them of how they got to where they are and of all the good that they do for others.

Our boys are constantly told that being successful in life is going to attract many “haters”. But also that they should remember, the MORE money they make, the MORE people they can help.

Which leads us to the final Baby Step #7….

Baby Step 7: Build Wealth And Give Generously

If you''t owe anybody anything and now it''s also the ending in his book, The Total Money Makeover (you can listen to it for FREE by getting a free trial of audible!).

It''t given the “building wealth” instruction he gives much thought. But the more I think about it, the more I realize that the sky''t forget about setting up and funding a Health Savings Account (HSA) and using its triple tax advantage. I recommend that you pay your medical expenses out of pocket and let the HSA continue to grow to use it as another retirement account. Just save your medical receipts so you can prove you incurred medical expenses when you finally withdraw that money in retirement.

After maxing out our retirement accounts, we funnel extra money both to index funds and real estate via apartment syndications.