7 Baby Steps by Dave Ramsey: Pros, Cons, and Our Opinion

If you haven’t heard of Dave Ramsey, you are probably in excellent financial shape.

For many, he represents a financial savior for those who have too much debt and want to improve their money management through Dave Ramsey’s 7 baby steps.

In this post, we review Dave Ramsey’s iconic seven baby steps, provide the pros & cons, and our take. Dave has a huge audience when you consider these  scary financial statistics in the US:

Fewer than 4 in ten have enough money to set aside an unexpected $1,000 emergency in 2020. The average American carries a debt balance of $92,727, including a mortgage. Among all US adults, the median retirement savings are $65,000.

Dave Ramsey is a well-known personal finance guru and coach, helping millions through his top-rated nationally syndicated weekly radio program, books, Financial Peace University, and more. According to sources, Ramsey’s net worth is about $200 million.

Who Is Dave Ramsey?

According to sources, Ramsey’s net worth is about $200 million stemming from his empire.  Dave has done a great deal for many households dealing with challenging financial situations.

Ramsey Is Wealthy But Not Without His Downfall

The Ramsey Show is the third largest nationally syndicated weekly talk radio program. Ramsey Solutions is the primary website for his shows, offering  his products.

Ramsey’s Empire

– Save $1,000 For Your Starter Emergency Fund – Pay Off All Debt (except the mortgage) Using The Debt Snowball – Save 3-6 Months of Expenses for a Fully Funded Emergency Fund – Invest 15% of Your Income in Retirement – Save For Your Children’s College Fund – Pay off Mortgage Early – Build Wealth And Give

Dave Ramsey’s  7 Baby Steps At Quick Glance

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