Baby Step 2: The Debt Snowball Method

06/12/13 • 19 min

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#112: This is Week 2 in the 7 week series of Dave Ramsey's Baby Steps to Financial Peace. Last week I talked briefly about Baby Step 1: Build a $1,000 starter emergency fund. Baby Step #2 is to pay off all consumer debt using the Debt Snowball Method. Why is The Debt Snowball in Baby Step 2? [...] The post appeared first on .

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Andres Gutierrez: From ELP to El Machete

#111: From ELP to El Machete, Andres Gutierrez is the voice of Financial Peace for the Hispanic community. Andres has been helping people with their finances for the past decade but it wasn't until 2009 that he became "The Hispanic Dave Ramsey" with his own syndicated radio show and a 6 DVD series that teaches Financial Peace [...] The post appeared first on .

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Baby Step 3: Save 3-6 Months of Expenses

#113: Baby Step 3: Save 3-6 Months Of Expenses. Dave Ramsey's third Baby Step is to create a fully-funded emergency fund equal to three to six times your average monthly expenses. Why? Emergencies come in many shapes and sizes Car troubles (repairs, accidents, and what I call "beater replacement") House repairs (roof, HV/AC, fence damage) Unemployment [...] The post appeared first on .