The Seven Baby Steps
Begin your journey to financial peace
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Get out of debt the same way you learned to walk—one step at a time. Dave has taught these principles to millions via radio, books, Financial Peace University, live events and online.
Four quick ways to get started on Dave's Plan:
The Total Money Makeover Book - Dave's NY Times bestseller
Dave's Starter Special - Two best-selling books, 13 audio lessons, an envelope system, and much more!
Online Tools - Budgeting, commercial-free mp3s, and more! Free 7-day trial to MyTotalMoneyMakeover.com.
The Getting Started Guide - A 7-part email series (one each day) on how to get a running start into Dave's plan.
Here's the process:
$1,000 to start an Emergency Fund
An emergency fund is for those unexpected events in life that you can’t plan for: the loss of a job, an unexpected pregnancy, a faulty car transmission, and the list goes on and on. It’s not a matter of if these events will happen; it’s simply a matter of when they will happen. Learn more
Pay off all debt using the Debt Snowball
List your debts, excluding the house, in order. The smallest balance should be your number one priority. Don’t worry about interest rates unless two debts have similar payoffs. If that’s the case, then list the higher interest rate debt first. Learn more
Invest 15% of household income into Roth IRAs and pre-tax retirement
When you reach this step, you’ll have no payments—except the house—and a fully funded emergency fund. Now it’s time to get serious about building wealth. Learn more
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