E2 - Your Financial Foundation With The Ramsey Solutions Baby Steps Plan

July 2021

Show Summary: 

My goal as a financial coach and with this podcast is to provide you with simple, practical strategies to help you gain control of your finances. Some future topics will include:  Financial Scams, Developing a Millionaire Mindset, Baby Boomer Basics and many more as my show gains traction. 

Today's topic is Building Your Financial Foundations with the Ramsey Solutions Baby Steps Plan.

Mike will share the Ramsey Solutions Seven Baby Steps Plan with you and how that could be just what you need to get your financial foundation in place. 

Baby Step 1:  Establish a Beginner Emergency Fund of $1000

Baby Step 2: The Debt Snowball

Baby Step 3: Build your Emergency Fund up to 3-6 months of expenses

Baby Step 3b: Saving for a down payment on a mortgage

Baby Step 4: Investing 15% of your Income 

Baby Step 5: College Funding

Baby Step 6: Paying off the Home Mortgage

Baby Step 7: Being Totally Debt Free while Continuing to Build Wealth

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