Crosswalk.com aims to offer the most compelling biblically-based content to Christians on their walk with Jesus. Crosswalk.com is your online destination for all areas of Christian Living – faith, family, fun, and community. Each category is further divided into areas important to you and your Christian faith including Bible study, daily devotions, marriage, parenting, movie reviews, music, news, and more.

Jim Daly Christian Blog and Commentary

Dave Ramsey's Great Advice

  • Jim Daly
    Jim Daly is president of Focus on the Family and host of its National Radio Hall of Fame-honored daily broadcast, heard by more than 2.9 million listeners a week on more than 1,000 radio stations across the U.S. He is husband to Jean and father to Trent and Troy. Jim's Focus on the Family Blog
  • 2011 Sep 23
  • Comments

Posted by Jim_Daly Sep 22, 2011

 

 

 

If you missed our two-day program with Dave Ramsey earlier this week, you can click here to access both shows. We talked about very practical matters relevant to every mom and dad. In fact, even the most seasoned family financial planner could learn something from the simple but solid wisdom of Dave Ramsey.DaveRamsey1.jpg

In the meantime, I think Dave’s “Seven Baby Steps” to financial peace deserve repeating. It's always a good time to return to foundational principles. So, I hope you’ll listen – and familiarize yourself with the following advice. If you've already started, how are you doing on Dave's program?

The Seven Baby Steps

Step 1: $1,000 in an emergency fund.

Step 2: Pay off all debt except the house utilizing the debt snowball.

Step 3: Three to six months of savings in a fully funded emergency fund

Step 4: Invest 15% of your household income into Roth IRAs and pre-tax retirement plans.

Step 5: College Funding

Step 6: Pay off your home early.

Step 7: Build wealth and give.

Follow me on Twitter @Dalyfocus

Follow me on Facebook

Follow Crosswalk.com