I Love Dave Ramsey and his debt free principles. So many of us have been tricked into debt and the American dream. How is that working for you? That didn't work very well for our family. Now, we are debt free, except for the house. Dave Ramsey's 13 week Financial Peace University class will have you and your spouse on the same page in no time. Dave has taught these principles to millions via radio, books, Financial Peace University, and online.
Use the Baby Steps to get your finances in order and on track. Then pass them on to someone you know and help change their life!
1. $1,000 to start an Emergency Fund
2. Pay off all debt using the Debt Snowball
3. 3 to 6 months of expenses in savings
4. Invest 15% of household income into Roth IRAs and pre-tax retirement
5. College funding for children
6. Pay off home early
7. Invest in mutual funds and real estate
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How does one get 'tricked into debt'? It's a conscious effort. The credit card institutions have done nothing wrong, it's the consumer who must take responsibility for his/her actions. I've been using credit cards for the past 35 years and have not one bit of debt, have paid no interest or fees, and have made several thousand dollars in money back from my credit card companies. It's the smart thing to do. And no, I haven't bought more than I would have with list, nor any of the other pitfalls Dave tries to pin on other people. He also assumes everyone who doesn't follow his advice is broke. Not true, not by a LONG shot.
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