Dave Ramsey Baby Steps to Build Wealth – Do They Really Work?

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The economic downfall has hit the entire world hard, and it doesn’t look like things will get better soon.

Dave Ramsey’s baby steps have been around a long time, but if you’re just getting started learning to become debt-free and build wealth, they are still as applicable as ever.

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Save for College Fund

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SWIPE UP TO LEARN MORE

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Dave Ramsey Baby Steps to Build Wealth – Do They Really Work?

The economic downfall has hit the entire world hard, and it doesn’t look like things will get better soon.

Dave Ramsey’s baby steps have been around a long time, but if you’re just getting started learning to become debt-free and build wealth, they are still as applicable as ever.

1

Save $1000 for an Emergency Fund

The first step from Dave Ramsey’s baby steps to building wealth is saving $1,000 for an emergency fund, which may sound like a lot of money.

2

Pay Off Debts Using The Debt Snowball

His debt snowball method recommends paying off the smallest debt first, the next smallest debt, and so on until all debts are paid in full.

3

Complete Your Emergency Fund

build a fully funded emergency fund for life’s bigger surprises by saving three to six months’ worth of bills and living expenses.

4

Save for Retirement

The ultimate goal before you retire is to have a healthy, safe cushion of money set aside for when the time comes.

Save for College Fund

Saving money for your children’s college fund will keep them from student loan debt, which can be one of the most significant factors in their financial stability and success.

5

SWIPE UP TO LEARN MORE

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