Using money wisely and building wealth

Posts in category The Dave Ramsey Plan

Why we are pushing Pause ...

Why we are pushing Pause on our Debt Snowball

Even as I write this post I feel like I am sitting on a fence with the only two options I have is falling in a pack of hungry Cheetahs or falling into a herd of Elephants. Do I want to be chased to death or squashed to death? Hum? Here is a little bit […]

Dave Ramsey’s Plan Explai...

Dave Ramsey’s Plan Explained – Baby Step #7

Dave Ramsey’s Baby Step #7 – Build Wealth and Give You have reached financial peace. Now your job is to keep the balance. Having an abundance of money is not going to solve all of your problems. Dave Ramsey’s Baby Step #7 helps you build wealth and give. In this step you will… • Live […]

Dave Ramsey’s Plan Explai...

Dave Ramsey’s Plan Explained – Baby Step #6

Dave Ramsey’s Baby Step #6 – Pay Your Home Off Early Even though you can claim that you are debt free after Baby Step #2 according to Dave Ramsey’s plan, you are not officially debt free until you have NO debt. So, now is the time to get rid of it all. Baby Step #6 […]

Dave Ramsey’s Plan Explai...

Dave Ramsey’s Plan Explained – Baby Step #5

Dave Ramsey’s Baby Step #5 – College Funding for Children It’s taken you a long time to get here but boy has it been worth it. You are out of debt, have some money in the bank and you have made arrangements to not work your entire life. Now let’s focus on the kids. If […]

Dave Ramsey’s Plan Explai...

Dave Ramsey’s Plan Explained – Baby Step #4

Dave Ramsey’s Baby Step #4 – Invest 15% of your income into retirement savings By this time you have paid off your debt except for the house and you have a fully funded emergency fund with 3-6 months of expenses in the unfortunate event that something catastrophic happened. Now it is time to start planning […]

Dave Ramsey’s Plan Explai...

Dave Ramsey’s Plan Explained – Baby Step #3

Dave Ramsey’s Baby Step #3 Fully Funded Emergency Fund Once you have completed Dave Ramsey’s Baby Step #2 you are no longer normal. Normal people are broke and have debt! You have made great strides to financial freedom and you are ready to move on to making your money work for you. Dave Ramsey’s Baby […]

Dave Ramsey’s Plan Explai...

Dave Ramsey’s Plan Explained – Baby Step #2

Dave Ramsey’s Baby Step #2 The Debt Snowball Once you have your baby emergency fund in place now you start to tackle your debt. What Dave Ramsey suggests is to make a list of all your debt (except for the house) from smallest to largest. Make only the minimum payments on all of them except […]

Dave Ramsey’s Plan ...

Dave Ramsey’s Plan Explained – Baby Step #1

Before you actually start the Dave Ramey’s plan you have to declare war on debt. No more debt! PERIOD! Stop using credit cards, don’t borrow cash from your brother…no credit of any kind. If you don’t have the cash to pay for it, don’t buy it. You need a true commitment to getting out of […]

Follow me on twitter…

Archives

WordPress SEO