Five Cents Ten Cents

Posted: 07 Jul 2008 03:03 AM CDT
Image by marklarson via Flickr
I’ve just finished reading Dave Ramsey’s book, “Total Money Makeover” (borrowed from our excellent public libraries) that talks about his 7 baby steps in living your life differently. As his tag-line goes,
If you will live like no one else, later you can [...]

Posted: 08 Jul 2008 06:45 PM CDT
Panzer’s penchant for performing book reviews surfaces again as I embark on my next series reviewing Dave Ramsey’s “Total Money Makeover” that took me a weekend to read but many more sessions to digest each of his 7 Baby Steps. This 7 parter will be less intense that the [...]

Posted: 09 Jul 2008 09:56 PM CDT
Step 1 of the 7 Baby Steps in “Total Money Makeover” by Dave Ramsey
talks about starting an emergency fund of $1,000. Today, we discuss Step 2 which is to start the debt snowball.
Debt is a good servant but dangerous master

Debt is one of the most damaging thing you can [...]

Posted: 13 Jul 2008 06:03 AM CDT
Step 3 of the 7 Baby Steps listed in Dave Ramsey’s “Total Money Makeover” requires you to FINISH YOUR EMERGENCY FUND.
Emergency Fund
We discussed this in Step 1 and Dave comes back to remind us to complete the emergency fund because if you are like the many debt-ridden people featured [...]

Posted: 14 Jul 2008 04:07 AM CDT
Image by jmtimages via Flickr
We are now at baby step #4 from “Total Money Makeover” by Dave Ramsey which comprises the following 7 steps:

Save $1,000 cash as starter Emergency Fund
Start the Debt Snowball
Finish the Emergency Fund
Invest 15% of your Income in Retirement
Save [...]