Dave Ramsey Flashcards
1
Q
What was the total American consumer debt in 2010?
A
$2.4 trillion
2
Q
Dave Ramsey quote?
A
“Live like no one else, so later you can live like no one else.”
3
Q
What is Baby step 1:
A
$1,000 in an emergency fund
4
Q
What is Baby step 2:
A
Pay off all debt except the house utilizing the debt snowball
5
Q
What is Baby Step 3:
A
3 to 6 months expenses in savings
6
Q
What is Baby Step 4:
A
Invest 15% of your household income into Roth IRAs and pre tax retirement plans
7
Q
What is Baby step 5:
A
College funding
8
Q
What is Baby step 6:
A
Pay off your home early
9
Q
What is Baby step 7:
A
Build wealth and give !
