Comments on: Dave Ramsey’s 7 Baby Steps By The Numbers: Getting Started

By: Mick@ Mortgage Deals Help

Mick@ Mortgage Deals Help — Tue, 17 Nov 2009 17:00:59 +0000

I totally agree with getting a small emergency fund in place. There is absolutely always something that crops up that needs paying for – car insurance, broken lawnmower etc.
Mick@ Mortgage Deals Help´s last post ..Mortgage rates falling but loan restrictions tighten

By: Rick Cadden

Rick Cadden — Sat, 31 Oct 2009 02:16:09 +0000

Just stumbled on this blog site but it fits me to a tee! I lead FPU at our church each year and have personally met Dave last year in Chicago while attending a conference. He was super nice and talked to me a little bit; and signed my book of course. My wife and i have cut up all credit cards and pay cash for it all. We had step one in cold hard cash in the freezer until SOMEONE threw it away by mistake! Anyway, we are 22 months form being completely debt free but the home.

By: Peter

Peter — Thu, 06 Aug 2009 19:01:51 +0000

I certainly see your point. But to some degree I understand Dave’s point about $1000 being enough for most families as well. There aren’t too many emergencies that are going to cost much more than that. If you start building up too large of an emergency fund it’ll kind of short circuit your debt reduction – it’s gonna take a lot longer. Also at that point the gazelle intensity concept starts to wane a bit as well. But as you say, difficult times call for difficult measures.

By: Torrey

Torrey — Thu, 06 Aug 2009 18:40:34 +0000

See I agree. And that’s the only problem I have with Dave. I personally like how Suze Orman had readily admitted that the economic times may call for different strategies, depending on your situation of course. But I am grateful to Dave, because he gave us the wake-up call to look at our money in the first place.
Torrey ´s last blog ..4 Simple Reasons Why He Won’t Marry You

By: Peter

Peter — Thu, 06 Aug 2009 13:19:22 +0000

Yeah, I was a bit more flexible than some on baby step 1, and we saved $2000 instead of $1000. I think you have to balance the need for security, and the need to get out of debt. Personally I’d rather get out of debt, but I know my wife probably wouldn’t feel the same. If you were looking at a possible layoff I think I might be more inclined to see the need for saving up a bit more in the old emergency fund.

By: Torrey

Torrey — Thu, 06 Aug 2009 04:42:39 +0000

My wife and I started out on Dave’s plan and still think its great for anyone trying to get our of debt. My itty nitty bone to pick is his unwillingness to adjust to the current economic conditions.

For example, my wife and I were on baby step 2 when we both became uneasy with the amount of debt we had to pay off while only having the $1000 EF as a cushion. I understand the principle, but with layoffs and companies folding left and right, we decided to flip steps 2 and 3.

Some may say that doesn’t make financial sense, but neither does his smallest to largest debt snowball. It’s what makes us feel more secure.
Torrey´s last blog ..4 Simple Reasons Why He Won’t Marry You

By: Link Round-up Serial Edition | Do You Dave Ramsey?

Link Round-up Serial Edition | Do You Dave Ramsey? — Fri, 31 Jul 2009 11:04:18 +0000

[...] like to highlight as part of this theme edition. Amongst his award winning articles is a series on Dave Ramsey’s 7 Baby Steps (to which I’ve linked before), a series on how to handle and prepare for emergencies, and [...]

By: Sam

Sam — Tue, 28 Jul 2009 16:09:22 +0000

We started Daves class in Sept ‘05..since then have paid off over 150,000. Good thing we did, lost my job this march…been diagnosed with MS. Wife has to support me now.

House is all we owe for and in 5 years that will be done. Thanks Dave for opening our eyes. It took COMMUNICATION and dedication to do it but IT IS WORTH IT.
Tithe is the first thing. Then hit the small stuff…7 baby steps..

God is good, all the time.

By: Jason @ One Money Design

Jason @ One Money Design — Mon, 27 Jul 2009 02:42:05 +0000

Good post on Dave’s baby steps. I think the best thing the Baby Steps and the Crown Money Map have done for people is to give them a guide and a set of priorities for financial goals. I know for my wife and I, our efforts were diluted for a long time becasue we were trying to pay off debt, save, invest, etc. Once we found these tools, we were able to have a focus. We could somewhat forget about everything else (which can be overwhelming) and focus on our immediate goal. I look forward to reading the rest of the series.
Jason @ One Money Design´s last blog ..Making Giving a Priority in Today’s Economy

By: FinanciallySmart

FinanciallySmart — Thu, 09 Jul 2009 14:41:03 +0000

To obtain financial freedom one has to be serious and forget what others are saying about him/her. It will not be achieved overnight but sticking towards the goals and trying to achieve will eventually be rewarding to the individual.