The Truth About Dave Ramsey's 7 Baby Steps

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[theaccentedguy]

2 years ago I was homeless. Thanks to Dave's baby steps I'm on baby step 4. Yes, that's right. Baby step 4 in two year's time. I'm so grateful.

[dionmcneeley]

Money may not buy happiness. But lack of money buys
depression
stress
sadness
Divorce
Debt
Fewer options
Loneliness.
...

[nicholasmcgee]

That winning feeling when you see a comma in your bank account for the first time is real.

[budc.]

What I like about Dave's approach is he keeps it as simple as possible so even people unfamiliar with money can follow. That is why he calls it the baby steps. Then once people begin to learn more about debt and investing they can begin to move on from those steps. In the Army we called this the crawl, walk, run process. Dave lets people crawl through the process of financial success and when they learned enough people can begin to walk on thier own untill they run to retirement. All the while his advice is just vague enough to keep people on track without holding thier hand the whole time. Just like the adage says teach a man to fish he will eat for a lifetime. Dave teaches you to fish by not being overly specific and allowing you to get out and learn.

[cmdny]

I’ll forever be thankful to finding Dave Ramsey. Completely overhauled my attitude towards money. Now that I’m rounding out Baby Step 3, I’m venturing into other resources and education, including this channel!

[DeedraBoodram]

Baby Step 2 is much deeper than how you really explained. Its the gazelle intensity during baby step 2 that REALLY makes Dave Ramsey's program different. It sets it apart from other programs. The gazelle intensity during baby step 2 makes you think twice about ever going into debt again. We are now on baby step 4, 5 and 6. Baby Step 2 was a dark time for me. We worked our butts off and sacrificed a lot to get out of debt. It was worth it but dang it was hard.

[lmbarnes]

My son did Dave Ramsey in high school. The County bought the school package. My son lives by this. It does not include the 7 steps but provides the basic debt principles. He took it in 10th grade.

[getreallogic]

17 years ago very skeptical about the baby steps but now I'm my 40s also semi retired. Baby steps work! go figure!

[EmilyLucille]

I am debt free because of Dave Ramsey’s Baby steps! Thanks Dave!!

[MrKijana]

i'm a hardcore Dave fan, but gosh I love these guys!

[alexg]

People say money doesnt buy happiness but i will tell you, when tragedy strikes (your 10k car needs 2k repair) and you have no debt and an emergency fund in place? Guess what its not a tragedy for you its just a problem but for someone living pay check to pay check its the end of the world....

[fpsoftdev]

My main problem with “employer match” is that if you lose your job or experience hardship that 401k will not help you but debt collectors will definitely be ringing your phone. Pay off debt. Life gets so much easier when you wake up in the morning knowing you don’t owe anyone a thing.

[andrewclodfelter]

Just finished baby step 3 of daves and it feels amazing. The psychological effect of daves plan is amazing. Stopping the 401k sucked but is worth it. Completely debt free in 5 months vs dragging it out and losing sight of the endgame.

[lisadawley]

I would still be in debt if it wasn't for Dave Ramsey. His baby steps saved me.

[YakMotley]

Great show! Man, I did this way different and turned out fine. I cashed horded my entire 20s saving well over 60% of my money while in the military, and investing in the market. Saving $250k during my 20s. The first three houses I bought I never lived in. Now they are rented and im about to buy my fourth cash. I think it depends on if you are willing to "live on nothing" till you are ready to make your assault on the financial world. I think so many people are not willing to give up "stuff" to give them a chance at getting rich!

[mkcraycray]

I used the baby steps with the snowball debt payoff. I'm debt free for the 1st time in my life at 46. Now I need to play catchup on retirement

[zacholiver]

Woah im really average, 63k a year income 16500 credit card debt... luckily no student loans. But I HATE my debt and am starting a 2nd business to pay it down as fast as possible. Glad I learned my lesson at 26

[live_unafraid]

Baby steps 4, 5, and 6. Are supposed to happen simultaneously. After you complete your 3 to 6 month emergency fund you calm down start contributing 15% to retirement, contriute to college funds and throw any extra at the mortgage.

[chubstuf]

Dave is an amazing person to listen to when starting at ground 0. These guys have my heart these days and I listen to them at least monthly, even when I am on track, to make sure I stay that way and because their energy keeps me excited to meet my goals (and theirs)!

[juli]

Baby Step 2 really gets hit hard when you KNOW that you are missing that employer match. It's about changing behavior. Pain avoidance is a major motivator to change behavior. You guys are only considering numbers and not the behavior that got a person in a bad situation to begin with. Gotta address the mindset!