What Comes First? A Step-By-Step Guide to Financial Independence: Step 7–Build Wealth Through Wise Investments
Welcome to the final installment of Independent Beginning’s Step-By-Step Guide to Financial Independence inspired by Dave Ramsey’s “Baby Steps”. In the last installment, you learned about Step 6: Pay Off Your Low-Interest Debt. In this installment, you will learn about Step 7: Build Wealth Through Wise Investments. Step 7: Build Wealth Through Wise Investments At [...]
What Comes First? A Step-By-Step Guide to Financial Independence. Steps 3 & 4: Complete Your Emergency Fund & Set Up a Retirement Fund
Welcome to the third installment of Independent Beginning’s Step-By-Step Guide to Financial Independence inspired by Dave Ramsey’s “Baby Steps”. In the first installment, you learned about Step 1: Set Up an Emergency Fund, and in the second installment, you learned about Step 2: Pay Off Your High Interest Debts. Once you have completed these steps, [...]
What Comes First? A Step-By-Step Guide to Financial Independence. Step 2: Pay Off Your High Interest Debts
Welcome to the next installment of the Step-By-Step Guide to Financial Independence here at Independent Beginnings! Yesterday, I introduced Step 1: Set Up an Emergency Fund. In Step 1, you were encouraged to set up an emergency fund equaling $1000 or 1-month’s worth of expenses, whichever is higher. Once this preliminary emergency fund is set [...]
What Comes First? A Step By Step Guide to Financial Independence. Step 1: Set Up an Emergency Fund
Many college graduates find themselves in a very interesting, exciting, but sometimes overwhelming situation: they are actually making money. For the first time in their lives, money is coming in that is not going straight back to tuition. While this is definitely a good thing, it often leaves the new graduate wondering what in the [...]
Paying Off Debt: Dave Ramsey vs. Suze Orman
If you are like most Americans, you have to worry about paying off a substantial amount of debt. This process can be stressful and overwhelming. Because of this, it is important to attack the problem with a plan. There are two main methods for attacking debt. The first way, called the “Debt Snowball” is championed [...]
Dave Ramsey’s Cash Envelope System: What It Is, Why to Use It, and How to Modify It
Image courtesy of http://flickr.com/photos/jtyerse/ Need help setting up and enforcing your budget? A great way to get started is to use Dave Ramsey’s cash envelope system. The envelope system designates an envelope for each category of your budget, such as food, gas, clothing, entertainment, etc. On the outside of the envelope, you write down a [...]
