On this episode I will go over the 7 baby steps from Dave Ramsey and Ramsey solutions.
Doing the steps in order is very important so I will go over each one individually so that you understand what why and how we do things. As it goes with anything else I say you have to have a plan this is the plan to get out of debt. These are all directly from Dave Ramsey I did not make these up so that's big but I live by them. You could find all of Dave Ramsey's books on Amazon or at his website. The seven baby steps are
BABY STEP 1 Save $1,000 for your starter emergency fund.
BABY STEP 2 Pay off all debt (except the house) using the debt snowball.
BABY STEP 3 Save 3–6 months of expenses in a fully funded emergency fund.
BABY STEP 4 Invest 15% of your household income in retirement.
BABY STEP 5 Save for your children's college fund. BABY STEP 6
Pay off your home early. BABY STEP 7 Build wealth and give.
You can find everything at https://www.ramseysolutions.com/
This podcast will help you grow your body mind and wallet. Hosted by life and financial coach Joe Shortridge.
Together we will grow and become healthy and wealthy. I will bring you my techniques and inspirations. I also bring you some great guests who can share their stories with you and help you become the best person you can be.
So join me on this journey to your better life body mind and wallet. If you have any helpful tips or you would like to know more please go to the year of profit Facebook page. I am working on my website but it is not finished yet I will let you know when it is finished. here is the link to the Facebook page.
