Dave Ramsey's Baby Steps - For the UK

Dave Ramsey is a genius, and has helped millions of people achieve financial peace. But sometimes his teachings are difficult to translate to the UK - Here's my attempt to do so.

[maxinechivers]

Thanks for this fantastic way of explaining Dave Ramsey's 7 baby steps. I need to save for my children's future. I already paid off my mortgage.

[rachelclare]

Saving grace of a video! Thank you!! Dave Ramsey showed up in my life and I’m grateful. Even better to have it translated for us Brits :D

[laurastatton]

Thanks Pete. I'm a big fan of Dave Ramsey so it's good to think about the baby steps from a UK point of view. I'm currently working on baby steps 4 5 and 6.

[Ratherniche]

Excellent video on the baby steps and you did a fantastic job of making them relevant to the UK. My respect sir!

[NoOctopuss]

Great video! I'm American and have lived in the UK for a decade. A couple minor adjustments to what you've said: baby steps 4, 5, and 6 are concurrent. I think a starter emergency fund of £500 is more the equivalent of $1k because everything is just more expensive in the US (and salaries are higher).

[NorthEastTrailRunner]

Great video. I follow Dave Ramsey and this is pretty much the interpretation that I've taken of the baby steps for the UK.

[PeterOnPole]

Thank you for this. I love Dave Ramsey, but being in the UK this is soooo good. Thank you

[cameronphillips]

Great video 👍 Dave Ramsey suggests as a step 0 before you start it to write a budget with your exact ingoings and outgoings to make sure you are using every penny correctly

[akib]

Great idea doing this. I’ve been watching Dave Ramsey for years and have always wondered what the UK version of his baby steps were! Lord willing, I will be on baby step 3 soon!

[TheVicarsWifesFrugalLife]

I’m so glad to have found your channel. I’ve just finished recording my own video about this which I was about to post - your video is awesome! So looking forward to looking through all your other videos...

[StevenLaneyGuitar]

Great video! Thank you. Have been watching/listening to Dave for over two years now and feel blessed to have accidentally discovered him on YouTube. I would like to know how one goes about adjusting for property price conversions from U.S to U.K. What I mean by this is: Generally, U.S homes are larger and cheaper, so how as a Brit do I purchase a larger home that doesn't amount to more than a quarter of my take home pay? My American counterpart likely lives in a home that has the square footage of the home that I 'need' to upgrade to, yet doesn't spend the percentage of their monthly wage that I would need to to purchase it on U.K soil. I'm not expecting you to answer this, it's just a flaw that I see in Dave's method when applied to the U.K housing market. Other than this, I'm a fully signed up member to Dave's teachings and he has made my life so much better.

[williambaker]

Discovered your channel. Working my way through back catalogue 🙂

[adrianmortimer]

Great video and explanation Pete, i'm on baby step 2. Great advice.

[terenceoneill]

Worked for me. Thanks for helping others build wealth!

[sabaha]

So glad I came across your channel and this video. You answered a big question I had on student loans ha ha

[tonygiles]

Just found this.Familiar with Dave Ramsey but the retirement thing needed explaining.

[shashankthiagarajan]

Great video. Thanks for this. I have this question regarding Emergency Fund i.e. where do i park it apart from my bank account? Are there any low risk easy access MF's that you can suggest?

[marknicholls]

Thanks for this Pete. Been following your podcast for a while and have bought (and read your book)!

... and thanks for what you do. I think I’m on the path and will continue to listen to the podcast!!

[asmilkov]

In your book, Dave signed off on the statement that UK student loans are not loans at all? I find that extremely hard to believe.

[stevojohn]

I have my £1, 000 emergency fund in a standard savings account and my (currently) 4 month emergency fund in ISAs (aiming to build it up to 6 months). Is this a sensible strategy in your opinion?