Dave Ramsey Baby Steps To Build Wealth – Do They  Really Work?

Dave Ramsey’s baby steps have been around a long time, but if you’re just getting started learning to become debt-free and build wealth, they are still as applicable as ever.

Dave Ramsey’s  Baby Steps

You can start the emergency savings fund by setting aside $1000 for the rainy days before any problems arise from unplanned costs.

Save $1000 For An Emergency Fund

His debt snowball method recommends paying off the smallest debt first, the next smallest debt, and so on until all debts are paid  in full.

Pay Off Debts Using The Debt Snowball

If you’re unsure how much you need to save, a good rule of thumb is to start with three months’ worth of expenses and then increase it  from there.

Complete Your Emergency Fund

The ultimate goal before you retire is to have a healthy, safe cushion of money set aside for when the time comes.

Save For Retirement

Saving money for your children’s college fund will keep them from student loan debt, which can be one of the most significant factors in their financial stability and success.

Save For College Funds