Dave Ramsey Test

Question 1

Baby Step 1

Answer 1

$1,000 in an emergency fund

Question 2

Baby Step 2

Answer 2

Pay off all debt except the house utilizing the debt snowball

Question 3

Baby Step 3

Answer 3

3 to 6 months of saving

Question 4

Baby Step 4

Answer 4

Invest 15% of your household income (into both IRAs and pre-tax retirement plans)

Question 5

Baby Step 5

Answer 5

College funding

Question 6

Baby Step 6

Answer 6

Pay off your home early

Question 7

Baby Step 7

Answer 7

Build wealth and give

Question 8

Key Point

Answer 8

“If you live like no one else, later you can live like no one else.”