The Truth Behind The Dave Ramsey Baby Steps

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These steps do help lots of people get out of debt. There is no denial in this. He does a great job just going in there with a black and white no-nonsense way of helping people out.

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Here are The Dave Ramsey Baby Steps

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Baby Step #1: Save $1000 for an Emergency: Saving $1000 for an emergency is an excellent start to help you fight off debt and create a path to wealth.

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Baby Step # 2: Pay off All Debt via Debt Snowball (except your house) The Debt Snowball Method is a way of getting rid of debt but focusing on the smaller debts first and using the psychological win as a way to push you to the finish line. So you organize your debt by smallest to most significant and start knocking off the smallest first.

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Baby Step # 3: Save 3-6 Months of Expenses Three months of expenses can be fine for some. This baby step is to help you to create a cushion after you have paid off all debt.

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Baby Step #4: Invest 15% of Your Income for Retirement Paying off debt is enormous, but even a little money going towards your retirement can really help the compounding snowball make things move.

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Baby Step #5: Save For Your Children’s College Fund

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Baby Step #6: Pay off Your House Early This is a considerable debate about paying off your house early. This was not the early 90s when interest rates were high. The interest rates are pretty low these days, and there is no compounding interest on the mortgage.

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Swipe Up to read more about the truth behind the dave ramsey baby steps

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The Truth Behind The Dave Ramsey Baby Steps

Read More

These steps do help lots of people get out of debt. There is no denial in this. He does a great job just going in there with a black and white no-nonsense way of helping people out.

Read More

Here are The Dave Ramsey Baby Steps

Read More

Baby Step #1: Save $1000 for an Emergency: Saving $1000 for an emergency is an excellent start to help you fight off debt and create a path to wealth.

Read More

Read More

Baby Step # 3: Save 3-6 Months of Expenses Three months of expenses can be fine for some. This baby step is to help you to create a cushion after you have paid off all debt.

Read More

Baby Step #4: Invest 15% of Your Income for Retirement Paying off debt is enormous, but even a little money going towards your retirement can really help the compounding snowball make things move.

Read More

Baby Step #5: Save For Your Children’s College Fund

Dave recommends you save for your children’s college fund in a 529 plan. It is an excellent plan to help save for them to get to college.

Read More

Baby Step #6: Pay off Your House Early This is a considerable debate about paying off your house early. This was not the early 90s when interest rates were high. The interest rates are pretty low these days, and there is no compounding interest on the mortgage.

Read More

Swipe Up to read more about the truth behind the dave ramsey baby steps

Read More

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