In this episode, we talk about Dave Ramsey's 7 baby steps on how you can build wealth! we dive into each step and discuss the pros and cons of following this guide!

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Show Notes:

• Who is Dave Ramsey and what is the 7 baby step?
  • He is a radio show host, author of several books, and a businessman.
  • The 7 baby steps is his method of teaching people how to leave poverty and build wealth
• The 7 baby steps
  • Save $1,000 for your starter emergency fund
  • Pay off all debt (except the house) using the debt snowball method
    • The debt snowball method is paying off debt from smallest to largest.
  • Save 3-6 months of expenses in a fully funded emergency fund
  • Invest 15% of your household income in retirement
  • Save for your children's college fund
  • Pay off your home early
  • Build wealth and give.