In contemplating whether to write this post, I weighed the negative aspect of “tooting my own horn” with the positive aspect of helping get more high schoolers some solid financial training. One compelling factor in my decision is that Austin Morgan at Foreigner’s Finances had already shared this info in our recent podcast interview. Soooo…the […]
With Apologies to Dave Ramsey, One Size Doesn’t Always Fit All
Before you jump to the wrong conclusion, let me state that the purpose of this post is not to trash Dave Ramsey. Just check my “About” page to read how Dave, his teachings and his books have turned my life around. You will also read that I am a Dave Ramsey certified counselor. I drank […]
Dave Ramsey’s Baby Step 7: Build Wealth and Give
photo credit: db*photography Congratulations! When you reach Baby Step 7 you have come a long way. All of your debt is gone, including your house mortgage. You have a great emergency fund, your children’s college is well funded and the positive cash flow you used to accomplish the previous steps is still flowing. Only 2% […]
Dave Ramsey’s Baby Step 6: Pay Off the House Early
photo credit: rutlo Dave cautions people who reach this step that they are in grave danger: danger of settling for “good enough” when, if they keep the course, they will experience “best”. People need to remember that the financial plan is like a marathon; slow and steady wins the race. However, the 18 mile mark […]
Dave Ramsey’s Baby Step 5: College Funding
photo credit: Will Hale Just getting to Step 5 indicates that you have been doing some great things with your finances. You are debt free, except for your house and you have a fully funded emergency fund. You are also investing 15% of your income toward retirement. Congratulations! Now, and not until now, is the […]