I Finished Dave Ramsey’s Baby Step Program in 2021 and it Worked Like a Charm

Dave Ramsey, A personal finance coach with a radio show that outshines the rest of the stations. Dave has been teaching people how to build wealth for well over thirty years and is still going strong. As a man that personally builds his net worth to millions only to file bankruptcy in his late twenties, then build his wealth back up to well over 200 million to date. In other words, he knows what he is talking about. If you have listened to his show, ever, you know that Dave has created a baby step program that teaches people how to get out of debt and retire a millionaire. The plan made sense to me, and as someone that had around $15,000 in debt, I wanted to try and see how well it worked. Today let’s dive into how effective Daves Plan is in 2021. I will outline the baby steps below but highly recommend you go to daveramesy.com to learn about each step in further detail.

1. Save $1,000 for your starter emergency fund.
2. Pay off all debt(except the house) using the debt snowball
3. Save 3–6 months of expenses in a fully-funded emergency fund
4. Invest 15% of your household income in retirement
5. Save for your children’s college fund
6. Pay off your home early
7. Build wealth and give

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