The Dave Ramsey 7 Baby Steps is a program to get you debt free and building wealth. Working the process slowly, step by step, is the best way to get you out of the hole you are in, over the mountain of debt, and on the way to living a life you never dreamed possible.
For more detailed information, we highly recommend you attend a Financial Peace University class offered in your area.
Baby Step 1: Build a $1000 emergency fund.
Get $1000 in the bank. Now. No, yesterday. Do it quick. Put it in a savings account and DON'T TOUCH IT unless it's for an EMERGENCY.
Baby Step 2: Become Debt Free
Use the debt snowball approach to become debt free.
Baby Step 3: Finish your complete emergency fund.
Fill your savings account with 3 to 6 months of living expenses.
Baby Step 4: Invest 15% of household income into Roth IRAs and pre-tax retirement accounts.
Baby Step 5: College funding for children
Baby Step 6: Pay off the house! No mortgage!!
Baby Step 7: Build wealth and give!
Featured Cause: Haiti Relief
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