Congratulations! You have done lots of hard work and have demonstrated great discipline in the process of Dave Ramsey’s Baby Steps. First, you saved $1,000 in a small emergency fund (Step 1), which gave you a buffer against life while you strategically paid off all debt except your house (Step 2) using the debt snowball. […]

photo credit: eikosi Peter and Teresa (not real names) were doing well. Peter had a good paying job with great security. Teresa brought in extra money through being self employed. Life was good until, with no warning, Peter had a heart attack necessitating him to miss six months of work. His sick leave covered his […]

No, Dave Ramsey did not write a guest post for my blog.  But he did give me permission to re-run his columns.  I hope this one will be encouraging and challenging as you read what Dave has to say about today’s economy…a year into the recession. Important Update from Dave About the Economy In light […]

photo credit: OakleyOriginals In order to better understand Dave Ramsey’s passionate hatred of debt, allow me to quote him, “ Years ago, my wife, Sharon, and I went broke. We lost everything due to my stupidity in handling money, or not handling it, as the case may be. Hitting bottom and hitting it hard was […]

photo credit: hill.josh Jim and Doris were highly motivated about getting out of debt. They listed all of their debts, worked out a budget and agreed that they could pay an extra $300 every month above the minimum payments. During the first month, their air conditioner compressor quit working. A month later, Jim’s fuel pump […]