Dave Ramsey’s Baby Steps|An Honest Look at All 7 - a podcast by Cody of Fly to FI and Justin aka Saving Sherpa
from 2021-12-21T13:34:17
In this episode, The FI Show Guys take an honest look at Dave Ramsey's 7 Baby Steps.
While we believe Dave Ramsey has been a great gateway for a lot of people, there's a ton we just can't agree with."Save 15%, never use credit cards, pay off all debt before investing"....these are just too prescriptive and not very optimal mathematically.
We know there's a lot of Ramsey believers out there, and we welcome your feedback to this episode.
If you're unfamiliar with the Baby Steps, here's a quick overview:
Baby Step 1: Save $1,000 for your starter emergency fundBaby 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 fundBaby Step 4: Invest 15% of your household income in retirement
Baby Step 5: Save for your children’s college fundBaby Step 6: Pay off your home early
Baby Step 7: Build wealth and giveKnow someone that blindly follows Dave's advice? Share this episode with them and show them there are more options out there!
Join the CommunityWe’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab our FREE Budget PlannerJoin our Facebook Group
Leave us a voicemailSend an email to contact [at] TheFIshow [dot]com
If you like what you hear, please subscribe and leave a rating/review!>>You can do that by clicking here<
Further episodes of The Financial Independence Show
Further podcasts by Cody of Fly to FI and Justin aka Saving Sherpa