Dave Ramsey's 7 Baby Steps

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What is the first baby step in Dave Ramsey's 7 Baby Steps?

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Save $1,000 for a starter emergency fund

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What does Dave Ramsey recommend as the first thing to do when starting the baby steps?

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Save $1,000 as an emergency fund

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What is the second baby step in Dave Ramsey's 7 Baby Steps?

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Pay off all debt except for the house using the debt snowball method

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According to Dave Ramsey, how much should you save for your emergency fund in Baby Step 3?

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3 to 6 months' worth of expenses

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What is the fourth baby step in Dave Ramsey's 7 Baby Steps?

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Invest 15% of your household income into Roth IRAs and pre-tax retirement plans

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What does Dave Ramsey advise to do with your mortgage in Baby Step 6?

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Pay off your mortgage early

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What is the final baby step in Dave Ramsey's 7 Baby Steps?

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Build wealth and give generously

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According to Dave Ramsey, what is the key to financial success?

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Following the 7 Baby Steps

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What does Dave Ramsey recommend as the best way to pay off debt in Baby Step 2?

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Debt snowball method

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What does Dave Ramsey suggest to do with your income in Baby Step 7?

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Invest and give generously