EP. 90 Agree to Disagree: Baby Step Opinions

 
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Dave Ramsey’s Baby Steps are the cornerstone of The Debt Free Community —some are pro and others are con, but we’ve all heard of them.

The baby steps are classic financial advice, but should we take them as the gospel truth? In this episode, I’m sharing my opinions, what I agree and disagree with, and what actually worked for my family.

IN THIS EPISODE, SAMI SHARES ABOUT:

  • Breakdown of Dave Ramsey’s Baby Steps

    • Step 0: Get current on bills

    • Step 1: Save $1,000 in a beginner emergency fund

    • Step 2: Pay off all debt except for the house

    • Step 3: Save 3-6 months of expenses for emergencies

    • Step 4: Invest 15% of your income for retirement

    • Step 5: Save for college for your children

    • Step 6: Pay off house

    • Step 7: Build wealth + give

  • Pros and cons of the baby steps

  • Why it’s okay to adapt and adjust the baby steps to your own goals

  • Answering “Is the $1,000 emergency fund enough?”

  • What order to pay debt off (snowball vs. avalanche)

  • What to include in the 3-6 months emergency fund

  • How to balance investing and saving

  • How to stay motivated while following the baby steps

  • What to do if the baby steps didn’t work for you

RESOURCES MENTIONED:

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Dave Ramsey Baby Steps | pros and cons | disagree | break down | baby step 1 | baby step 2 | baby step 3 | what are the baby steps | don’t work | what is baby step | family budget | women | simplify | a sunny side up life podcast | sami womack | de…
 
Dave Ramsey Baby Steps | pros and cons | disagree | break down | baby step 1 | baby step 2 | baby step 3 | what are the baby steps | don’t work | what is baby step | family budget | women | simplify | a sunny side up life podcast | sami womack | deb…
 
 

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Sami Womack is the brains behind A Sunny Side Up Life. Her weekly chart-topping podcast has been downloaded over 100,000 times. When she’s not downing caramel coffee and rocking a little girl on her hip (literally), she’s creating content, collaborating with finance/minimalist organizations, and inspiring women all over the world to live an intentional life.

She began this journey with her high school sweetheart, Daniel, and a debt price tag of $490,000. They both took control of their family’s finances by downsizing, budgeting, and changing habits. From this experience, A Sunny Side Up Life was born.

Today, Sami owns this business helping women get through dark times and experience the life-altering magic of intentional living.

She offers a jump start into money mindset with the FREE Magic + Money Course + a full budgeting experience with Your Sunny Money Method.

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