Does Everyone Start at Baby Step 1?

Justin's only debt is the mortgage on his house. When he goes through Financial Peace University, should he restart the Baby Steps in order to establish the intensity?

QUESTION: Justin has an emergency fund and saves 15% for retirement. His only debt is the mortgage on his house. When he goes through Financial Peace University, should he restart the Baby Steps in order to establish the intensity?

ANSWER: You don’t have to do that. You’re fine. Go straight to tackling the mortgage. You take your Baby Steps wherever you find them. If you are starting broke, you start from Baby Step 1. But if you’ve already done the things that you’ve done, step in right where you are. You don’t have to prove anything to me; you’ve already done it all. Good job!

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