Dave Ramsey's 7 Baby Steps
Flashcard
•
Life Skills
•
9th Grade
•
Practice Problem
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
What is the first baby step in Dave Ramsey's 7 Baby Steps?
Back
Save $1,000 for a starter emergency fund
2.
FLASHCARD QUESTION
Front
What does Dave Ramsey recommend as the first thing to do when starting the baby steps?
Back
Save $1,000 as an emergency fund
3.
FLASHCARD QUESTION
Front
What is the second baby step in Dave Ramsey's 7 Baby Steps?
Back
Pay off all debt except for the house using the debt snowball method
4.
FLASHCARD QUESTION
Front
According to Dave Ramsey, how much should you save for your emergency fund in Baby Step 3?
Back
3 to 6 months' worth of expenses
5.
FLASHCARD QUESTION
Front
What is the fourth baby step in Dave Ramsey's 7 Baby Steps?
Back
Invest 15% of your household income into Roth IRAs and pre-tax retirement plans
6.
FLASHCARD QUESTION
Front
What does Dave Ramsey advise to do with your mortgage in Baby Step 6?
Back
Pay off your mortgage early
7.
FLASHCARD QUESTION
Front
What is the final baby step in Dave Ramsey's 7 Baby Steps?
Back
Build wealth and give generously
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