Dave Ramsey’s baby steps

[Anonymous No.57547368]

Is this the order you would do these steps in?

[Anonymous No.57547378]

gayest thing ive ever read

[Anonymous No.57547399]

>>57547368
>$1,000 for your starter emergency fund
great 1 week of groceries and rent

[Anonymous No.57547466]

Put $50k in emergency fund
Pay off mortgage
Get $100k pa side hustle
Invest 10% in crypto

Is my advice.

[Anonymous No.57547519]

>>57547368
1. Put all "emergency fund" money into crypto
2. Don't use debt to begin with
3. See 1.
4. If your employer matches 401k do the max matching for free money but otherwise disregard
5. Don't send your kids to brainwashing camp, save to give them a house instead. No rent/mortgage gives a ton of freedom.
6. Minimum payments forever on below inflation rate loans
7. Yes

[Anonymous No.57547708]

>>57547519
max your 401k in large cap index funds with the lowest expense ratio. i don't care if that's 25% of your take home. save for retirement or you'll be a wageslave the rest of your life. 30 years at 6% growth per year equals 1.6 mil

[Anonymous No.57547725]

>>57547368
you don't pay off your home early, ever.
it's the best debt you can have. you deduct interest payments from your income.

[Anonymous No.57547899]

The fact that he assumes you have a family and debt is all you need to know that this fat midget doesn't understand the current economic situation at all.

[Anonymous No.57547937]

>>57547368
>pay off your home before you accumulate wealth

This is fucking stupid. You need capital to increase your capital, bottom line. Not everyone can get 100k+ jobs and rely on that to build wealth slowly “so you can retire early at 60 kekekek” yeah right when I need knee surgery, fuck off

[Anonymous No.57547969]

>>57547519

Based advice

[Anonymous No.57548002]

Just pay off your mortgage bro...

Lmfao

[Anonymous No.57548716]

>>57547368
>Baby Steps
>Not the FOO
Not gonna make it

[Anonymous No.57549118]

>>57548716
>HSA
what for

[Anonymous No.57549193]

>pay off all debt
If you're a normie with like 10k on a 20% CC then sure, I'm def not paying off my 4.5% student loan anytime soon

>pay off your home early
My mortgage is 3.50%, that would be legit the dumbest thing I ever did kek
the nasdaq went +40% just last year, and btc went over 120% lmao

fucking boomers i swear to god they're all psyops

[Anonymous No.57549221]

>>57547368
> save $1,000
so not even half a paycheck.
>debt snowball
gay, just don't have debt in the first place
>3-6 months expenses
ok
>invest 15%
I do 25%
>Save for your children
I don't have children
>pay your home off early
Why? It's a 3% loan. I can make more just putting my money in a 5% money market account. and definitely more in stocks and crypto. I would literally loose money paying it off early.
>Build wealth and give
like how boomers give all their wealth to niggers in africa?

[Anonymous No.57549247]

Step 1 - Invest everything into crypto

That's it, that's all you need to do

[Anonymous No.57549251]

>>57549118
you can invest your HSA and take the money out later for whatever. it's just another retirement trick

[Anonymous No.57549257]

>>57547368
>Step One: Sleep under an overpass and eat out of garbage cans to save $1,000 while working retail.
>Step Two: Live this way until you die to pay off your college debt.

[Anonymous No.57549306]

>>57549193
>fucking boomers i swear to god they're all psyops
No they’re just retards that don’t understand the financial system and think there’s gonna be a market crash again. In reality we will never have more than a 30% correction. The fed is propping everything up with QE infinity

[Anonymous No.57549338]

>2024 AD
>children's college fund
>college fund
>college

[Anonymous No.57549916]

>>57549221
>Why? It's a 3% loan. I can make more just putting my money in a 5% money market account. and definitely more in stocks and crypto. I would literally loose money paying it off early
But not without incurring risk.

[Anonymous No.57549930]

>>57549251
I thought it had to be spent on health expenses, hence the name?

[Anonymous No.57549933]

>>57549916
What risk

[Anonymous No.57549950]

>>57549930
Not taxed going in
Not taxed going out for medical expenses
At 65 you can take it out for non medical, but you do pay taxes on gains (like a 401k)

[Anonymous No.57549987]

>>57547519
I do this I hope i make it

[Anonymous No.57550035]

>>57549933
That your investments crash and you can’t meet your payments.

[Anonymous No.57550084]

>>57550035
We're talking about using excess income not income you depend on for shelter.

[Anonymous No.57550154]

>save 1k
uh get a job good enough where this doesn't matter 1k is nothing lol
>pay off all debt
full retard, get as much debt below inflation. put all expenses possible on 0 apr credit cards you rotate through. pay them off or balance transfer onto another 0 apr one. just don't spend money you don't have, you should be able to pay them off comfortably.
>3-6 month emergency fund
again just like don't have a shit job
if you have a shit job where you worry about 1k or 3 months of expenses honestly just max out credit cards and grind to get a good job. I did that and just payed off like 26k in credit card debt in 3 months. litearlly don't think about emergency funds i'm pretty sure if i just lost my income I could go 3 years pretty comfortably. just with assets/cash in (high interest) bank accounts/0 apr credit lines
>4
match your employer and take out 401k loans to buy crypto, interest just goes back to you anyway.
>5
college is gay
>6
gay
>7
no thanks

[Anonymous No.57550164]

>>57549916
dude like every bank account is giving 4-5% apr

[Anonymous No.57550176]

>>57550154
>balance transfer onto another 0 apr one.
I'd like to know how you think you're gonna get any real "loans below inflation" if you keep cycling through lines of credit. That lowers your score, eventually they won't let you open any more lines of credit and real loans will be expensive because your credit rating will be in the dumps from opening and closing so many lines of credit over and over.
But I may be wrong, my sister filed bankruptcy and still gets credit card offers all the time. Not sure if they're 0% intros but I would assume they are.
You'll basically live with shit credit but it doesn't matter.

[Anonymous No.57550397]

>>57550176
i have like a 730 if i pay it off i'd probably have like a 780. balances don't leave a long term impact on credit score, as soon as you pay it off score shoots up.
0 apr ones last for like 14 months and many you can retrigger 0 apr them again later for like a year just by calling and asking. You can do this with old ones i've only done it once but it works, just saw someone talk about it online. I don't close any lines though I keep them open and just have small amounts i pay off instantly. Not sure why anyone would close them, keeps your balance usage low.

[Anonymous No.57550436]

>30+ yo
>$100k in crypto
>WFH from parents' attic
>No wife no kids
Do these rules apply to the modern autist?