Billy Florence - 7 Baby Steps for Great Finances by Dave Ramsey

I often share my belief that the best way to financial freedom is to build a business of your own. But I also believe in being smart in how you manage your money. Dave Ramsey has some great teaching on money management. Below are his 7 Baby Steps. I believe everyone should have a plan for what they do with their money.

Billy Florence: The 7 Baby Steps

$1,000 to start an Emergency Fund

Pay off all debt using the Debt Snowball

Three to six months of expenses in savings

Invest 15 percent of household income into Roth IRAs and pre-tax retirement

College funding for children

Pay off home early

Build wealth and give! Invest in mutual funds and real estate

Source: DaveRamsey.com

Billy Florence Finances On The Web:

http://billyflorence.blogharbor.com/blog/_archives/2006/3/2/1815930.html

http://billyflorence.blogharbor.com/blog/_archives/2006/5/20/1990193.html

About Billy Florence and Peggy Florence

Billy and Peggy Florence are members of IBOAI. The official trade association of Quixtar IBO’s serves and protects the business interests of independent business owners. Leadership team includes Greg Duncan, Don Wilson, Billy Florence, and Jody Victor.

Billy Florence leads Team Dream Chasers International (DC International) Organization. Billy Florence founded Equad News. It provides news, opinion, and motivational editorials.

Key words: Billy Florence, Jody Victor, Billy Florence leadership, Rich Florence, Peggy Florence

© 2006 Florence News reprint permission to Billy Florence Team blog.