Enter to win a free copy of Dave Ramsey’s “The Total Money Makeover”!
For the past week, I have been outlining Dave Ramsey’s book, “The Total Money Makeover” and seven step financial peace plan. Each day we have gone through his seven baby steps of debt elemination, investing, and living the life you always dreamed of. One by one, we have picked them apart and broken them down to make it easier for you to follow. You can check out specifics about the series of posts and each baby step if you missed any by following the links below.
A Review of the Basic Steps for Saving, Eliminating Debt, and Building Wealth
Ramsey’s program and book, “The Total Money Makeover“, include the following baby steps to financial freedom…
- Step One: Save $1,000 for an emergency fund
- Step Two: Use the debt snowball method to pay off your debt
- Step Three: Complete the emergency fund
- Step Four: Invest 15% for retirement
- Step Five: Save for your children’s college
- Step Six: Pay off your mortgage
- Step Seven: Start building wealth
How To Enter. Leave a comment on the bottom of this page and tell us which baby step from Ramsey’s plan you are currently on. I will pick a randomly chosen comment on Sunday and then e-mail the winner.
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I am 25 years old and working on step four! Currently I am saving just over 30% of my income, so it seems like the right time to start investing.
Thanks for reviewing the steps, it has been fun to see a “series” of posts on the site.
I’m working on steps 2 and 4 concurrently. Thanks for posting up the ideas from the book and your own thoughts. I enjoy reading them.
I’m on step 2 and have only $2885 left, all of which were student loans. In the process of getting my MBA now and pretty much cash flowing it! Can’t wait to be debt free and finally be putting money away for myself. By the way I’m only 24.
After finally finding a job out of college, my wife and I are on baby step #2 and will be able to move to baby step #3 in just a couple months!
Currently on step 2…should be on step 3 within 12 months (once we finish paying off $15000 in student loans!)
After sustaining a huge life change and a lot of financial hardships, we are back on baby step #1.
I am still working on step 2–paying down my debt. Getting closer to my goal!!
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