Dave Ramsey's Seven Baby Steps

Getting out of debt will not happen overnight; it takes time. Here are the Baby Steps that will get you started:

Step 1:

$1000 in an Emergency Fund.

Step 2:

Pay off all debt with the Debt Snowball.

Step 3:

Three to six month expenses in savings.

Step 4:

Invest 15% of income into Roth IRAs and pre-tax retirement plans.

Step 5:

College funding.

Step 6:

Pay off your home early.

Step 7:

Build wealth and give.

For more info on the Baby Steps see Dave Ramsey's Financial Peace University or Talk to us »