Dave Ramsey’s 7 Baby Steps: Pros, Cons, & Our Take

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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.

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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.

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He has strong convictions about personal finance, backed by his experience, making his own mistakes, research, and religious beliefs.

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Dave Ramsey’s 7 Baby Steps At Quick Glance – Save $1,000 For Your Starter Emergency Fund – Pay Off All Debt (except the mortgage) Using The Debt Snowball

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– Save 3-6 Months of Expenses for a Fully Funded Emergency Fund – Invest 15% of Your Income in Retirement

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– Save For Your Children’s College Fund – Pay off Mortgage Early – Build Wealth And Give

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These seven baby steps are complex rules that encompass a personal finance blueprint that has worked for many Ramsey followers, but they are not easy and not without some criticism.

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Pros The seven baby steps provide an excellent roadmap to get started in managing your money and setting financial goals.

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Cons The seven steps are a one-size-fits-all approach with little flexibility.

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