How to Set Financial Goals at Any Income Level

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The internet is full of bad financial advice, and it can be tricky to know what’s best for you and your money. No matter your salary, debt, marital status or savings progress, these seven steps will work for you.

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[LizaJohnson-yzwo]

Thank you for keeping us informed on so many levels. fortunately for I was introduced to Ms Arleth and I want to say a big thank you for sharing your knowledge with me and I'm also earning more than I expect. God bless you

[mariacorretge]

Thank you to all the Ramsey solutions family for helping me get out of the living pay check to pay check mentality. Such peace.

[alexpietsch]

As of 5 hours ago I'm in BS3.

Currently shopping interest rates because our local bank is a third of a percent interest

[lwangelsbg]

Please do a version of Baby Steps for how to work this out with Type 1 diabetes since a child and medical costs are always going higher. Living paycheck to paycheck 60-65 hours a week. Monthly medical expenses more than rent. Living with other bare minimum living expenses. Always lived on a budget, having diabetes you have to.

[leticiaenraz]

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to take risks. Saving is great but taking risks puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.

[michellemorales]

Question on Step #4.

My company matches 3% on my mandatory 5% into my 401k.

Additionally, I have a 457b plan sponsored thru my employer. There's no match here, but should I be putting the other 10% into this plan or just pump it all into my 401k?

[gladstillbjstme]

Is there a way to modify this for older people who are starting late in life? Children gone, and no spouse?

[nvo_beejay]

For Step 1, where would I be keeping this emergency fund?

[lowcarblifewithSandraDee]

Savings account I have 10 to 12 separate student loans. They have different interest rates should I include those with my debt? They are not due yet.

[vilmawilson]

What advice would you give ? We are a single income family, we own our primary home and have a rental home(which was our 1st home starter)From our reWe have an emergency fund of more than 8 months plus in savings. We have a working monthly budget which looks good on paper. We find ourselves dipping into our emergency fund for big annual expenses like car insurance, car repairs and most recently adding to IRA accounts to lessen our IRS taxes. I am 58, and my spouse is 53. I have a retirement from my old job. What can we do now, to make it easier for my spouse to retire at 60?

[butthead]

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them🎉

[thedopplereffect]

Baby step 1 was $1, 200 just 4 years ago.

[RafaelMartinez-xejw]

That's a solid list! I'm also big on Blcktken300, avalanche, algo, and matic too.

[osaidistilo]

Why isnt there a step for when to buy a house/save for downpayment

[stevenporter]

Way too oversimplified. Missing big things: Roth 401k, saving for a down payment, real emergencies, life curveballs, messy middle, getting to your biggest wealth building tool (job) - starter job - with unreliable transportation and not everyone is pigeonholed into their unmobile house buying.

[lindadorman]

Please do a version of the Baby Steps for a single person, age 60+ with no children. Obviously, Steps 1-2-3 remain the same and Step 5 does not apply. But how are Steps 4, 6 and 7 adjusted to account for a late start?

[TheVosack]

No debts, mid 40s. I invest 50% of my income.

[reneeantwi-boasiako]

happy belated birthday, Rachel! God bless you

[joeriveracomedy]

So tempting to invest that emergency fund. 5k sitting there collecting basic interest.

[kasandraiehelton]

Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47, 000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $8, 000 and got my payout of m $270, 500 every months, God bless Chloe Linda Henderson 🇺🇸🇺🇸🇺🇸..