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3. Save 3-6 months of expenses before.
The idea here is that if you lose your primary source of income, you'll be able to support yourself for up to 3 or 6 months without having to go into debt.
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Dave Ramsey's best financial tips for personal finance!
Who is Dave Ramsey?
David Lawrence Ramsey III is an American personal finance personality, radio show host, author, and businessman. He is an evangelical Christian, and hosts the nationally syndicated radio program The Ramsey Show.
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5. Save for children college funds
You can leverage a 529 or Education Savings Account (ESA) to begin saving for your kids' college. These are specifically designed to put money away for your kids' education.
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103 reads
7. Build wealth and give.
This final step is where you'll start to build wealth and give generously. That includes maxing out your 401(k) or Roth IRA.
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178 reads
2. Pay off all debts
The debt snowball is another method made popular by Dave Ramsey. It is simply a way of paying off your debt from the smallest balance to the largest.
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135 reads
6. Pay off home early.
This step is where you become completely debt free by paying off your home early.
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4. Invest 15% of your income in retirement savings.
Start putting 15% of your gross household income into a 401(k) or Roth IRA.
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153 reads
1. Save $1000 for emergency.
The first baby step is to save $1,000 for emergencies. The point of this emergency fund is to have money set aside when life happens.
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CURATED FROM
Few best personal Finance tips that no one might give you before! TATS PODCAST | S2E144
open.spotify.com
8 ideas
·1.69K reads
IDEAS CURATED BY
19 | Generalist, Content Creator, Student at Christ University. Stashing about entrepreneurship, self-help, spirituality and the most interesting stuff I read.
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