As a SmartVestor Pro, we work closely with Dave Ramsey and financial strategies. One that we often point newer investors to is the 7 Baby Steps and we’ll lay them out for you on this episode.
Read more and get additional resources here: https://welkawealthpodcast.com/ep-5-dave-ramseys-7-baby-steps/184/
Today's show schedule:
0:31 - Background on Dave Ramsey
1:18 - 1st step: Create a starter emergency fund
1:33 - 2nd step: Pay off all your debt except your home.
1:46 - 3rd step: Save a fully-funded emergency fund
2:18 - 4th step: Save 15% of income into retirement.
2:27 - 5th step: Save funds for your children and their education.
2:35 - 6th step: Pay off your house early.
2:50 - 7th step: Build wealth and give back.
3:25 - Here’s how to get the 7 steps emailed to you.
3:35 - Reviewing these steps reminds me of a Bible verse.
