Dave’s Baby Steps
Dave Ramsey's 7 Baby Steps is a financial plan designed to help individuals get out of debt, build wealth, and achieve financial peace. The seven steps are as follows:
Start an emergency fund with $1,000 in cash to cover unexpected expenses.
Pay off debt, starting with the lowest balances and working your way to the highest balances.
Increase your emergency fund to cover 3-6 months of living expenses.
Invest 15% of your income (at a minimum) for retirement.
Start college savings funds for your children's education.
Pay off the house to become completely debt free!
Build wealth and give: continue saving, investing, and giving, while also enjoying the fruits of your labor!
Dave Ramsey's 7 Baby Steps provides a simple, yet effective framework for achieving financial peace. By following these steps, you can get out of debt, build wealth, and secure a financially stable future.
We want to walk alongside you on this journey, and offer personalized advice and resources for each step. Schedule a call with us today to learn more!
