Normal Is Broke...Be Weird

Recently I discovered Dave Ramsey.  Dave has been around for years.  He is a national radio talk show host and New York Times best selling author.  He created Financial Peace University to help people get out of debt, stay out of debt and build wealth.  His course is created to teach you how to follow his 7 baby steps.

1. Establish a $1,000 cash emergency fund.  Stop using credit cards and establish a budget that accounts for every single penny of your income. 

2. Pay off your debt using the debt snowball method.  List your debts smallest to largest.  Make the minimum payment on all of your debts except the first.  That first debt will be aggressively persued until payed off.  Once paid, you roll over the extra payment to the next debt and so on.

3. Fully Fund your emergency fund.  Make the payment you making to your debt to yourself and fully fund your emergency fund with 3-6 months of expenses.  Doing this provides a safety net from layoffs, disability and other 'stuff' that happens to us that we are usually not prepared for.

4. Put 15% of your income away toward your retirement.

5. Fund your children's college. 

6. Pay off your mortgage

7. Give more money away.....

Want to know more about Dave Ramsey and Financial Peace University?  Check out my website or go do www.daveramsey.com