Billy Florence - Dave Ramsey's Financial Baby Steps

I may have mentioned these steps by Dave Ramsey before but they are worth sharing again. Do you ever wonder what financial priorities should come first? Dave Ramsey addresses this in his book Total Money Makeover. He gives his financial baby steps on what people should do first. They are...

$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! Continue to invest in mutual funds and real estate.

This is great advice for the person trying to decide how much to save versus paying off debt, etc.

Additional Resources to learn more:

Get the book Total Money Makeover by Dave Ramsey

Go to www.DaveRamsey.com

© 2006 Florence News reprint permission to Billy Florence Team Dream Chasers site.