Dave Ramsey’s 7 Baby Steps:
Step 1: $1,000 starter emergency fund.
Step 2: Pay off all debts smallest to largest with the debt snowball. (Excludes Home)
Step 3: Fully fund your emergency fund to cover three to six months of expenses.
Step 4: Invest 15% of pretax income into retirement savings & Roth IRAs.
Step 5: College Funding
Step 6: Pay off your home!
Step 7: Build wealth and give!
*Remember: “A journey of a thousand miles begins with a single step.”
Lao-tzu, Chinese philosopher (604 BC – 531 BC)