Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give.

~William A. Ward

Monday, March 3, 2008

Dave Ramsey’s Steps to Financial Freedom

1. Save $1,000 to start an Emergency Fund
2. Pay off Debt using Debt Snow Ball (See Debt Snowball for further details)
3. Fully Fund Emergency Fund with 3-6 months of expenses
4. Invest 15% of household income in Roth IRA’s and Pre-Tax Retirement Plans (.e. 401K, 403B, etc.)
5. Start a college fund for children
6. Pay off home early
7. Invest in Mutual Funds and Real Estate – Build Wealth and Give!

No comments: