Skip to main content

Dave Ramsey's Baby Steps

I really like Dave Ramsey's seven baby steps, If you do not know Dave Ramsey, he is an American, financial writer, adviser, television and radio host. He teaches people how to manage/budget money and eliminate debt. I love listening to his radio talk show because I can get great ideas in personal finance, and when I hear others different success stories it inspires me. So let me share with you Dave Ramsey's seven baby steps to becoming debt-free. I'm sure some of these are familiar to you. Hope this inspires you :)

  1. Quickly save $1,000 in a Baby Emergency Fund.
  2. Become debt-free using the “snowball method.”
  3. Fully fund the Emergency Fund from step 1 with 3-6 months of your living expenses.
  4. Contribute 15% of your income to retirement.
  5. College Funding
  6. Pay off your home early
  7. Build wealth and give.
I know that being debt-free is good for the soul, it’s also a lot more fun. As Dave often says, “Live like no one else, so that later you can live like no one else.”


Popular posts from this blog

Chihiro's adventure

Are you a fan of the movie Spirited Away? This is a story of a 10-year-old girl and her parents. While traveling to their new home, his father made a wrong turn. They unknowingly entered into a magical world. Both of Chihiro's parents were turned into giant pigs. Chihiro met a mysterious person named Haku. He explained that the world her parents were into is a resort for supernatural beings and she must work there to free herself and her parents.

Getting a good education can keep us out of financial difficulties

In this fast paced highly technical world of ours a good education is almost essential for success. Yes some individuals are able to get by without it, but what are the chances that one of us will be that lucky. The chances are very slim to nil. So if we want to be able to care for ourselves and our families the best that we can then we need to get the education that we can. Whether it be online like Walden University or actually sitting at a desk and listening to a lecture or something else as long as it provides the knowledge that can get us to the top then it is good no mater what.

This goes for mothers as well. You never know what is going to happen to your spouse. He could become a vegetable because of illness or injury at work or even worse. Then where will you and family be if you can not provide for them. Up the creek without a paddle that is for sure. So take some time and get a good education now while you still have time. If nothing else just to set a good example for your l…

All in one park

Here in Dallas Fort Worth, where we live. There is a lot of amusement park entertainment you can visit to keep your children busy this summer.  As a mother of three active kids. I love to visit places where my kids can enjoy and learn new things. Since my kids love being outdoors, going to the different park is always in our top list.  In the summer, going to the waterpark is our past time. Just recently, we found a new park in our area, not too far from where we live.  The name of the park is Clayton W. Chandler Park which is located in Mansfield, TX.  My kids love this park because it has splash pad which runs from 10 am to 8pm in the summer for free! Their playground area has a mini obstacle which is great for kids ages 3-10. If you have a teenager who loves sports, they have 2 basketball half court, sand volleyball, tennis court, baseball field, skateboard plaza, 1/4 mile walking trail with fitness stations and a half-acre pond stocked for fishing. And most importantly their conc…