Dave Ramsey’s Baby Steps is a financial plan designed to help you get your finances in order, get out of debt, and achieve financial freedom. Dave Ramsey has taught these 7 Baby Steps to millions via radio, The Total Money Makeover, Financial Peace University, and DaveRamsey.com. But how practical are these steps? I offer a review and … Read more
Starting a business on a budget is no easy task. There’s always a product, gadget, gimmick, or location that someone’s willing to convince you that you need — the worst part is when you’re convincing yourself. After signing papers on my own space last Tuesday, I’m right in the thick of it but got some … Read more
I recently came across the How to Drive Free and Retire Rich on Dave Ramsey’s site. It basically said the normal way of thinking about car ownership is all wrong, and there is a better way to go about this. Dave Ramsey proposes that you save your money first, invest, and use the proceed to … Read more
Should You Pay Off Your Mortgage Early? This is a popular question among homeowners. Some people believe paying off the mortgage as fast as possible is better, and some people believe investing the difference is better. In his book The Total Money Makeover, Dave Ramsey’s Baby Step #6 advocates paying off your home loan early. … Read more
Debt Snowball is a debt elimination strategy popularized by Dave Ramsey, a renowned debt and personal finance guru. Under this method, you reduce your debt by paying the minimum monthly payment to all accounts, except the one with the smallest balance, which you’ll try to pay down as fast as you can. How the … Read more