Dave Ramsey Test Flashcards

1
Q

Baby Step 1

A

$1,000 in an emergency fund

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2
Q

Baby Step 2

A

Pay off all debt except the house utilizing the debt snowball

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3
Q

Baby Step 3

A

3 to 6 months of saving

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4
Q

Baby Step 4

A

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

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5
Q

Baby Step 5

A

College funding

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6
Q

Baby Step 6

A

Pay off your home early

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7
Q

Baby Step 7

A

Build wealth and give

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8
Q

Key Point

A

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

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