Dave Ramsey's Baby Steps Are Outdated

DAVE RAMSEY'S BABY STEPS ARE OUTDATED! It's true. Dave Ramsey may be the king of the Baby Steps and the Debt Snowball, but his outdated techniques are a disservice to those trying to get out of debt. Unfortunately, the same steps he created in 1992 are not as applicable today as they once were, yet he continues to profit from and promote them. WHAT ARE DAVE RAMSEY'S BABY STEPS? BABY STEP 4 Invest 15% of household income into Roth IRAS and ВABY STEP 3 ВАBY STEP 5 pre-tax retirement College funding for children 3 to 6 months of expenses in savings ВАBY STEP 2 ВАBY STEP 6 Pay off all debt using the Debt Pay off home early Snowball BABY STEP 1 BABY STEP 7 $1,000 to start Build wealth an Emergency and give Fund UPDATING DAVE'S 7 BABY STEPS TO MODERN DAY STEP 1 Build a budget STEP 2 Save $1,500 - $2,000 for emergencies STEP 3 Attack your debt (using the Avalanche method) STEP 5 STEP 4 18-20% of your income into retirement Cash reserves for 6 months STEP 6 STEP 7 Save/Invest for future specific plans - not necessarily college Get rid of that mortgage STEP 8 Invest for ARREST YOUR DEBT success AND BUILD YOUR FUTURE!