Evolving Personal Finance » Entries tagged with "Baby Steps"
The Thinking Person’s Guide to Dave Ramsey: Realistic Wealth Building
You commonly hear, “Dave Ramsey is great on debt, not so much on investing.” To his credit, he does advocate that everyone who is debt-free saves 15% toward retirement, which is a great start. But listening to his specific investing advice sets the expectations of the portfolio growth too high and will likely cause the investor to take on too much risk. Unconventional Strategy Dave Ramsey’s investment advice for everyone is to invest in four types of … Read entire article »
Filed under: investing
The Thinking Person’s Guide to Dave Ramsey: Swapping Baby Step Order
This is the fourth installment of this series on reasonable way to adapt Dave Ramsey’s Baby Steps program to fit your financial goals. You may want to reference last week’s post on intra-Baby Step modifications to familiarize yourself with the steps before we dive into this week’s discussion of inter-Baby Step modifications. The big difference between Dave Ramsey’s approach to managing debt and investments and other financial professionals’ is that Dave Ramsey does not care about … Read entire article »
The Thinking Person’s Guide to Dave Ramsey: Reasonable Baby Step Modifications
As we discussed in the two prior posts in this series, Dave Ramsey’s (DR’s) program for getting out of debt and building wealth works very well for some people but may be inappropriate for those who don’t agree with all of the underlying principles. The next two posts are intended for people are curious about following the Baby Steps loosely but who want to know what some reasonable modifications may be. In this post, we … Read entire article »
Filed under: choices, debt, emergency fund, giving, goals, psychology, savings
Recent Comments
- Adam on Home Equity Is Funny Money
"Hi Emily - I just stumbled upon your blog. Great post! Up in Canada this is a…" - Emily on Home Equity Is Funny Money
"I agree that an appraisal is the best number to work with. I can't think of why …" - JL on Home Equity Is Funny Money
"I only note it as round numbers, in $50k or $100k estimates. I also usually upda…" - We Maxed Out All Our Retirement Accounts for the First Time! - Evolving Personal Finance | Evolving Personal Finance on Avoiding an Expensive 401(k) Plan through Self-Employment
"[…] was the first year that we contributed to Kyle’s expensive 401(k…" - Business Goal Tracking for Week 8 of 2022 - Evolving Personal Finance | Evolving Personal Finance on Business Goal Tracking for Week 6 of 2022
"[…] Done as of two weeks ago! […]…"