Explaining Dave Ramsey's 7 Baby Steps...It has been 3 years since my husband and I took Financial Peace University, a money management course created by Dave Ramsey that changed our entire lives! The Baby steps system gave us the tools to change our finances, get out of debt and save money and it has been a total game-changer! If you've never heard of the Baby Steps system before you can read the book The Total Money Makeover (linked below) - it's a great read and almost like a Financial Peace University (FPU) course in a book!
This system helped us pay off $54,500 of debt in under 20 months and got us started on a course to financial freedom. It is a great place to start if your finances are a mess...
Today I'm giving you a brief explanation of each baby step so you can understand if this system would be a good fit for you!
Baby Step 1 - Save a starter emergency fund
Baby Step 2 - Pay off all non-mortgage debt
Baby Step 3 - Save 3-6 months of living expenses
Baby Step 4 - Save 15% of your income for retirement
Baby Step 5 - Save for kids' college
Baby Step 6 - Pay off mortgage
Baby Step 7 - Build wealth and give
#DaveRamsey #babystepssystem #financialpeace
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💥LINKS FROM VIDEO 💥
TOTAL MONEY MAKEOVER -
COMPLETE GUIDE TO MONEY -
FINANCIAL PEACE UNIVERSITY -
OUR DEBT STORY -
⭐️OTHER VIDEOS TO WATCH ⭐️
HOW TO USE DEBT SNOWBALL SYSTEM -
ALL ABOUT EMERGENCY FUNDS -
GUIDE TO CASH ENVELOPES -
CRUCIAL TIPS TO GET OUT OF DEBT -
OUR BUDGET BINDER SETUP -
IMPROVE YOUR FINANCES -
SINKING FUNDS EXPLAINED -
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Disclaimer: I am not a financial advisor and the content of this video does not serve as financial advice and is for entertainment purposes only. Please consult a financial professional before making personal decisions regarding your finances.
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