![]() The first step then is to set aside $1.000 for emergency situations. Stop thinking of emergencies as rare events.Įmergencies are part of life, and there’s a 78% chance we will all experience major negative life events. This is what Ramsey proposes as his 7 steps plan for financial freedom: #1. Here is Dave Ramsey’s plan to get out of debt and into financial safety: Debt-Free 7 Steps Plan The author is especially caustic towards credit card debt, which gives us the illusion of wealth but only creates future problems. ![]() He says that debt has become such a part of our culture that simply seems normal to be in debt. The Solution: Decide to Change NowĪnd to put yourself on course to real financial security. Which, Ramsey says, it means you’re one little step away from financial disaster. Probably that just one little thing would change everything, right? Would you still be financially secure if you lost your job? There Is No Financial Security Todayĭave Ramsey says that most of us have a few financial worries but, overall, feel rather secure. “The Total Money Makeover” has plenty of examples, but I will share here the main practical takeaways. And he does a good job of sharing the very basics of personal finance. ![]() ![]() He wants to help people never to struggle again to make ends meet. Dave Ramsey is an American radio show host and a personal finance advisor. ![]()
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