If you've never experienced the Dave Ramsey phenomenon via his daily radio-talk show, or best selling books, you can check him out on his Web site.
Deirdre and I were given an opportunity to see Dave live recently in Dallas. Dave has a lot of great things to say. You really can't argue with the guy actually.
What struck me was his "baby steps" that challenge people to take ideas and put them into practice. It's one thing to know, quite another to do, as we all know who have read self-help books, diet books, exercise books, or even cook books.
Dave is all about getting it done.
Baby step one: "Put $1,000 away form an emergency fund"Find steps 4-7 here: http://www.daveramsey.com/etc/cms/index.cfm?intContentID=2867
Baby step two: "Pay off all debt using the 'debt' snowball"
Baby step three: "Three to six months of expenses in savings"
Back to step one - Dave also added these fundamental principles of money management
- You must SAVE money
- Pay yourself FIRST
- Give, save, then pay BILLS
Giving aligns the giver and her resources with the world around her. Cool stuff from Dave!