If you don't have the time to read Dave Ramsey's The Total Money Makeover, but are interested in Christian based financial freedom, The Money Answer Book may be the next best thing. Financial advisor Dave Ramsey has developed a money makeover plan that helps readers find freedom from debt and find contentment with what they already own. Ramsey's proven plan has taken millions of people out of debt and given them the financial freedom many of us envy. Ramsey's uses "7 Baby Steps" to financial freedom:
Step 1: $1000 in an emergency fund (that you can access immediately if needed)
Step 2: Pay off all debt using the "Debt Snowball"
Step 3: Save 3-6 months of expenses
Step 4: Invest 15% of your income into a Roth IRA
Step 5: Start College Savings Plan (if you have children)
Step 6: Pay off your home
Step 7: Build Wealth through investing and give to charitable organizations.
Ramsey encourages readers to follow these steps no matter how long it takes to complete each one. He also suggests getting rid of some of our "stuff" in order to meet our goals. For many of us, completing the first step may seem next to impossible let alone all 7. We don't enter into debt overnight, therefore freedom from debt takes time. Using a little effort and self control, it can be accomplished. Visit your local library and request a copy today!
For more information visit Dave Ramsey's website.
Submitted by: SBJ @ 13