Dave Ramsey's 7 Baby Steps: Do They Actually Work? [The Honest Truth]

In this video, I go over Dave Ramsey's 7 Baby Steps to financial freedom and discuss why they work using our own personal experience.

Dave Ramsey's 7 baby steps are the simplest paths to create financial freedom for you and your family. If you follow Dave Ramsey’s 7 baby steps throughout the course of your life, you are almost guaranteed to be financially prosperous and become an everyday debt-free millionaire.

We have personally followed Dave Ramsey's baby steps with some flexibility here and there and were able to pay off $25,000 worth of debt in less than 5 months.

In the first section of the video, I go over all of the 7 baby steps and then near the end of the video I explain why they actually work so well.

Enjoy and don't forget to hit that subscribe button for our weekly money-savvy videos!

TABLE OF CONTENTS:
00:00 - Introduction
00:48 - Baby Step #1 - Save $1,000 Emergency Fund
01:34 - Baby Step #2 - Pay Off High-Interest Debt
03:23 - Baby Step #3 - Save 3-6 Month Emergency Fund
04:35 - Baby Step #4 - Invest 15% Of Your Income
05:26 - Baby Step #5 - Save For Kids College
06:30 - Baby Step #6 - Pay Off Mortgage Early
07:53 - Baby Step #7 - Give
09:32 - Why Dave's Baby Steps Work
10:15 - How to Keep Motivation High

✅ YOUTUBE PLAYLIST
How to Manage Your Money

How to Budget Your Money With MINT

3 Reasons Why You Will NEVER Get Rich

How to Start Investing

How to Save on Your Monthly Utilities

Easy Ways to Make Money Online

How We Build 7 Streams of Income

5 Things To Ditch to Become Debt Free

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[samrhodes]

My wife and I got married in late Sept and completed Baby Step 2 in Dec. Now we are looking for some side hustles to speed along Baby Step 3. I found your channel and you have such helpful content. Thank you for fulfilling Baby Step 7 and giving of your time to teach, encourage, and edify. Grace and peace to you and your family.

[letstalkaboutmoney]

Well done, Kelan! Appreciate you making this. Dave Ramsey's process definitely works!

[EmilyDowgialo]

Great job!! Thank you for sharing this 🙌🙌

[kyleb]

Hello, just found you guys! My wife and I are trying to work on our credit and pay off debts to upgrade to a bigger house since we are expanding our family. We need to raise our credit score and tackle some debt that we have been putting off. Do you have any videos on getting finances right for home buying? Thank you