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dave_ramsey's Journal

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the unoffical Dave Ramsey LiveJournal community
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Dave Ramsey and his "Total Money Makeover" to help you get debt free
Are you snowed under in debt? Are you tired of bill collectors? Do you want to eliminate debt, and build wealth? Don't be a deadbeat, beat debt! Follow the teachings of Dave Ramsey, and find your way to FINANCIAL PEACE.

This community is here for people who no longer want to be normal. Just be "weird!" by not having any debt. If you are tired of having to pay the bank more money because you have "stuffitis" then this is for you. If you want to make your mortgage disappear in less time than 30 or 40 years. If you want to cut up those credit cards, stop paying 18% interest, and start saving money for your retirement.

We HIGHLY suggest you buy Dave Ramsey's book, The Total Money Makeover: A Proven Plan for Financial Fitness. We have read it and it gives you everything you need to know how to get rid of debt in 3-5 years instead of 15-20. (If you want to save even more, don't put it on a credit card to buy it!)

Get a debit card from your bank that directly takes from your bank account. Cut up your credit cards and cancel them. Try to negotiate a lower interest rate from your debtors. Don't give in to your collectors. Put as much as possible towards your smallest debt first, while paying the minimum payment on the rest. When that smallest debt is gone, take the amount you have been sending every month and add it to your minimum payment on the next one. And so on and so on, your debt snowball collecting momentum as you go!

If you are tired of being in debt and wonder how you are going to fund your retirement, this is the way.

When you join, please fill out what you have done for each Baby Step (I will memory mine so you can get an idea of how to do this):
Step One: $1,000.00 to start Emergency Fund
Step Two: Pay off all debt using the Debt Snowball (Except the house)
Step Three: 3-6 months expenses in savings
Step Four: Invest 15% of household income in Roth IRA's and pre-tax retirement
Step Five: College Funding
Step Six: Pay off home early
Step Seven: Build Wealth & Give (Mutual Funds / Real Estate / Charity)







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