Dave Ramsey's 7 Baby Steps (A CLEAR PATH TO FREEDOM)

DAVE RAMSEY BABY STEPS // Don't you just love a clear, step-by-step formula? Follow these 7 steps to financial peace.

***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan ***
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.

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***FREE DOWNLOAD: The Ultimate Guide to Investment Accounts
Everything you need to know about IRAs, 401(k)s, HSAs, and taxable brokerage accounts. What they are, which ones you need, and where to open them!

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***BOOKS I RECOMMEND 📚***

I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)

The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)

InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)

Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)

Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)

Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)

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***MY FAVORITE MONEY TOOLS 🖤***

YNAB (I literally can't live without this budgeting app, so obsessed)

Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)

Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):

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DISCLAIMERS & DISCLOSURES ❤

This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

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SAY HI ON SOCIAL! 👋🏼

[SimonCU]

I used to earn a min wage and rented a small room in a basement of a building the size of a walk in closet (Maybe it was a walk in closet). Now, I'm a multi-millionaire. You never know what life brings you but I never gave up.

[marybelcarino]

I NEVER would’ve believed that, as a single mom, I’d find myself on baby step 6! I started to truly focus 3 years ago, and that’s when I found Dave Ramsey. I don’t own a home yet. I’m still saving up for a down payment. But my down will be right about 20% and then I calculate I will pay it off in 5 years. I have finance meetings with my sons every couple weeks and we are a team! I’ve been sharing your videos with my friends too :)

[todayu]

Baby Step 1 – $1, 000 to start an Emergency Fund
Baby Step 2 – Pay off all debt using the Debt Snowball
Baby Step 3 – 3 to 6 months of expenses in savings
Baby Step 4 – Invest 15% of household income into Roth IRAs and pre-tax retirement
Baby Step 5 – College funding for children
Baby Step 6 – Pay off home early
Baby Step 7 – Build wealth and give!

PS - Good to see you Rose!!

[O-Demi]

I've just realized I'm doing step 2 before step 1 and that's why I'm struggling with my finances when even small financial emergencies happen. Thank you for your videos! 🙌🏼

[SmilinsShrinking]

We went from BS1 to BS7 in 2020. Talk about life changing!!! So thankful for Dave Ramsey 💙

[CleanseBeam]

Thank you so much for your tips! I really love how you give advice based on your experience.

[huln]

I got stuck going back and forth on steps 2 and 3 for many years because of job loss, medical bills, and car repairs. Now I’m finally on steps 4 and 6 but I’m in my mid 40’s so I feel like I have lots of catching up to do and no time to slow down yet.

[camdenluecht]

Hey, Rose. Started watching 11 months ago and I have started a finance channel partially due to you. Your videos have helped me start investing. Thanks

[mindofJason]

4-5-6 currently - After watching your video, I realize I need to re-prioritize my budgets and get back on track. Time to look into the every dollar app.

[Mykalk]

I'm grateful to be in step 7 during a pandemic. It takes a load off knowing losing my job doesn't mean losing my home.

[izzyp]

This program help my family get out of debt and save for the emergency fund. When you think you would not need the fund, consider how many people have been without a job and waiting for EDD to start since March or April, or a businesses that can’t open for the same period of time.

[BeCarefulWithAI]

My guilty pleasure watching Rose and listening to financial advice at the same time!

[annakeck]

Hello Rose and thank you for sharing this practical advice! I have our financial plan all mapped out and am on step 2. I’ve constantly bounced back and forth between 2-3-4 due to accumulating new debt and having to shift focus. In 3 years, I’ll be fully on step 6!

[tuxedomirage]

Happy to see you posting, I love your videos, such wonderful advice!!

[ssstealth]

I guess I'm on Step 4 still?
I just became debt two Fridays ago! Even the mortgage is gone! It's an income property so the tenants paid most of it ;-)
These last two years I've been taking full advantage of my employer's $1-for-$1 match on up to 6% contributions to my 401k. And last year they started a "retention bonus" of an extra 2% if you work the entire year. So if I contribute 6% I get 8% (by the end of Q1). Does that count as 14%?

[westskincare]

Great video!
Rose I am on baby step #2 and it’s one I’ve really struggled with.
Fortunately I’ve recently tied the goal of moving abroad to it and am now practicing a no spend rule.
Thank you for your videos, they keep me focused and determined.
Bless you.

[darinherrick]

Stuff like this is why I continue to follow you Rose. Thank you so much!

[AdithyaUpadhya]

Hi Rose,
In one of your recent videos, I requested you to recap/summarize your video content towards the end to help viewers retain more information.
I'm glad to see that you take viewer feedback seriously and continually improve your videos.
Thanks. I hope that you and your husband are doing well during these difficult times.
-Adi

[kamilee]

Thank you, Rose. These videos are incredibly motivating and I love your calm approach. So many of the financial channels on YouTube are hosted by speed freaks who I picture hanging out in bars and asking people their net worth. You seem very genuine and I believe that you have and will accomplish your goals, and will help me accomplish mine as well!

[eliezerespinosa]

Hey Rose!! I’m glad you are here again.