Ep 5: Dave Ramsey’s 7 Baby Steps
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.
