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087 ~ Dave Ramsey's Baby Step 7 (Build Wealth & Give)
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Dave Ramsey's Baby Step 7 - Build Wealth & Give is the goal.
The Baby Steps Dave has outlined all work together to lead you to this point in life. Take back control of you time and money, live the life you want to live, help others along the way.
Once you have complete control of your time and income you have options to do darn near anything you want. Going through the Baby Steps in order gets you to this point.
To recap all the baby steps;
Baby Step 1; $1,000 Starter emergency fund
Baby Step 2; Pay off all non-mortgage debt
Baby Step 3; Save 3-6 month full emergency fund
Baby Step 4; Invest 15% into retirement
Baby Step 5; Kids College
Baby Step 6; Pay off the mortgage
Baby Step 7; Build Wealth & Give
While many want to start on this step I see the benefits of starting on the first step and walking your way up.
Let's take the next (38) mins to talk about Dave's finale step; Build Wealth & Give.
Check out the Ramsey Net Worth Calculator to calculate your personal net worth.
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