The 7 Baby Steps Explained - Dave Ramsey

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[FeelMyTruth]

I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k

[LilianaAgnes]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[walkidiafuentes]

Today I paid off my house mortgage. I am officially debt free and on baby step 7! I am just ready to save/invest, enjoy and give. So excited about it. Thank you Dave for your teachings, so grateful. God bless you 🙏👍 BTW I am 45 years old! 🤩 and do not live in America 🇺🇸 but in a third world country 🇭🇳 😁 if I did it then we all can do it 💪

[christianrode]

The financial manager projects how much money the company or an individual will need in order to maintain positive cash flow, allocate funds to grow or add new products or services and cope with unexpected events, and shares that information with business colleagues.

[susansauls]

1. $1000 emergency fund
2. Get out of debt (except mortgage)
3. Save 3 - 6 months of expenses fully funded emergency fund
4. Invest 15% (start Roth, then IRA, then 401K, )
5. Save for children’s college funds
6. Pay off mortgage (should take 5-8 years)
7. Build wealth & Give Outrageously

[ryankiel]

To the skeptics, the baby steps work. I have gone from a negative net worth to 330 grand in about nine years. This includes marriage, buying a house and a van, completely paying all consumer debt and having four kids, and only 35 K left on the mortgage. I make a modest salary, less than 80 K a year. Dave's baby steps work.

[joanb]

I never get tired of listening to the baby steps.

[shadek]

Proud to announce that as of yesterday IM DEBT FREEE! This channel over these past two years has been such an inspiration and a rock steady lighthouse through so many storms, i just wanted to say thank you to the Dave Ramsey team and community for all the wisdom advice and support everyone has shown in helping people build better lives. Y'all are the best.

[LukeWilsonACA]

“Sell so much stuff, your kids think they’re next” 😂

[Hijabibti]

As of today I have my 1000$ savings 🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳

[joykind]

I took the course about 15 years ago. I had debt, no car, no emergency fund and bad credit. Baby steps. I followed it. Worked three jobs. Cut expenses. Today, I have 6 months emergency fund. No debt. Car paid for. 800+ credit rating. If you work it, it works.

[alexanderyozzo]

One week away from debt free. Here to remind myself the next step. Love you Dave.

[TheBigblumonkey]

I'm 35, no house, wife and kids with 15k in debt. At the end of the end of the year I will be debt free. Dave has changed my life for the better

[nickpothast]

I was never taught personal finance growing up. I was told to go to college no matter what and take out loans. Luckily, I graduated and by following these steps I'm debt free, have an emergency funds, and mutual stonks earning me passive income. I'm still in my 20s. Thanks Dave, this should be mandatory class at every high school in America.

[Atomic]

Almost 19 and have 10, 000 in savings, no debt, college is payed for, car is payed for. Plan on moving into my own place soon.

[ItsTiffanieNotTiffany]

"Put the kids on Craigslist" 🤣 That one got me. Thank you Dave Ramsey & team for all you do!

[josephrizk]

Dave's steps have really helped me and my family. Thank God I ran into his videos online. He is the tough love and common sense that a lot of us need. Thank you Mr. Ramsey

[JustWesley.]

i am 14, i have almost $300 saved, but i have zero income and i don't live in a populated area where i can do side hustles, so until i get my licence to drive and work i'll be educating myself about how to handle money.

[Havre_Chithra]

Dave Ramsey has changed my life... before I had no guidance and no hope for the future but now I can finally see a happy life.

[BlackExcellenceProductions]

The baby steps and the envelope system Dave teaches changed everything for me. I will always have respect for this man.