Thursday, June 5, 2008

Dave Ramsey's Baby Steps

We got off on a shakey start...sorry about that! Dan and I both reviewed the materials for the other format, and then that changed before we had time to review the leader materials for the format we're now using. We mentioned baby steps last night, which are really the backbone to FPU. Here they are in order, though we'll be learning more about them as the class proceeds.


$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

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