Dave Ramsey’s Baby Steps

Dave Ramsey’s Baby Steps offer a path to financial freedom that anybody can take

This step-by-step plan guides individuals through the process of paying off debt, saving for emergencies, and planning for retirement. The seven steps include:
#1 – Save $1,000 for a starter emergency fund.
#2 – Pay off all debt using the debt snowball method.
#3 – Build up an emergency fund of three to six months of expenses.
#4 – Invest 15% of your household income into retirement accounts.
#5 – Begin saving for your children’s college education or additional investing goals.
#6 – Pay off the house early if desired.
#7 – Build wealth and give generously!

The Baby Steps provide individuals and families with a step-by-step plan to reach their financial goals in a reasonable amount of time while still allowing flexibility to accommodate their specific needs. A Ramsey Preferred Coach is a professional who works with individuals to develop an effective and practical budget that allows them to pay down their debts quickly and begin saving money for future goals such as retirement and college planning. The coach can provide personalized advice tailored specifically to the client’s situation as well as help them create a plan to stay on track along the way. Additionally, they will create a plan for repayment of debt and discuss strategies for budgeting and savings that fit within your means. A coach will also provide motivation when needed as well as encouragement when progress has been made in order to keep striving towards those goals set forth by Dave Ramsey’s Baby Steps until full financial freedom is achieved!

By providing education on topics like investment strategies, estate planning, and comparison shopping for insurance policies, coaches assist clients in building financial literacy skills so that they can make informed decisions about their finances long after the initial Baby Steps have been completed.

Completion of Ramsey Solutions Financial Coach Master Training does not create an employment or agency relationship with Ramsey Solutions or its affiliates; it does not constitute a license or credentials to engage in legal, tax, accounting, investment, or other professional services; nor does it constitute an endorsement or recommendation of the Coach by Dave Ramsey.