Dave Ramseys baby steps

Is this the order you would do these steps in?

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  1. 3 weeks ago
    Anonymous

    gayest thing ive ever read

  2. 3 weeks ago
    Anonymous

    >$1,000 for your starter emergency fund
    great 1 week of groceries and rent

  3. 3 weeks ago
    Anonymous

    Put $50k in emergency fund
    Pay off mortgage
    Get $100k pa side hustle
    Invest 10% in crypto

    Is my advice.

  4. 3 weeks ago
    Anonymous

    1. Put all "emergency fund" money into crypto
    2. Don't use debt to begin with
    3. See 1.
    4. If your employer matches 401k do the max matching for free money but otherwise disregard
    5. Don't send your kids to brainwashing camp, save to give them a house instead. No rent/mortgage gives a ton of freedom.
    6. Minimum payments forever on below inflation rate loans
    7. Yes

    • 3 weeks ago
      Anonymous

      max your 401k in large cap index funds with the lowest expense ratio. i don't care if that's 25% of your take home. save for retirement or you'll be a wageslave the rest of your life. 30 years at 6% growth per year equals 1.6 mil

  5. 3 weeks ago
    Anonymous

    you don't pay off your home early, ever.
    it's the best debt you can have. you deduct interest payments from your income.

  6. 3 weeks ago
    Anonymous

    The fact that he assumes you have a family and debt is all you need to know that this fat midget doesn't understand the current economic situation at all.

  7. 3 weeks ago
    Anonymous

    >pay off your home before you accumulate wealth

    This is fricking stupid. You need capital to increase your capital, bottom line. Not everyone can get 100k+ jobs and rely on that to build wealth slowly “so you can retire early at 60 kekekek” yeah right when I need knee surgery, frick off

  8. 3 weeks ago
    Anonymous

    >Baby Steps
    >Not the FOO
    Not gonna make it

    • 3 weeks ago
      Anonymous

      >HSA
      what for

      • 3 weeks ago
        Anonymous

        you can invest your HSA and take the money out later for whatever. it's just another retirement trick

        • 3 weeks ago
          Anonymous

          I thought it had to be spent on health expenses, hence the name?

          • 3 weeks ago
            Anonymous

            Not taxed going in
            Not taxed going out for medical expenses
            At 65 you can take it out for non medical, but you do pay taxes on gains (like a 401k)

  9. 3 weeks ago
    Anonymous

    >pay off all debt
    If you're a normie with like 10k on a 20% CC then sure, I'm def not paying off my 4.5% student loan anytime soon

    >pay off your home early
    My mortgage is 3.50%, that would be legit the dumbest thing I ever did kek
    the nasdaq went +40% just last year, and btc went over 120% lmao

    fricking boomers i swear to god they're all psyops

    • 3 weeks ago
      Anonymous

      >fricking boomers i swear to god they're all psyops
      No they’re just morons that don’t understand the financial system and think there’s gonna be a market crash again. In reality we will never have more than a 30% correction. The fed is propping everything up with QE infinity

  10. 3 weeks ago
    Anonymous

    > save $1,000
    so not even half a paycheck.
    >debt snowball
    gay, just don't have debt in the first place
    >3-6 months expenses
    ok
    >invest 15%
    I do 25%
    >Save for your children
    I don't have children
    >pay your home off early
    Why? It's a 3% loan. I can make more just putting my money in a 5% money market account. and definitely more in stocks and crypto. I would literally loose money paying it off early.
    >Build wealth and give
    like how boomers give all their wealth to Black folk in africa?

    • 3 weeks ago
      Anonymous

      >Why? It's a 3% loan. I can make more just putting my money in a 5% money market account. and definitely more in stocks and crypto. I would literally loose money paying it off early
      But not without incurring risk.

      • 3 weeks ago
        Anonymous

        What risk

        • 3 weeks ago
          Anonymous

          That your investments crash and you can’t meet your payments.

          • 3 weeks ago
            Anonymous

            We're talking about using excess income not income you depend on for shelter.

      • 3 weeks ago
        Anonymous

        dude like every bank account is giving 4-5% apr

  11. 3 weeks ago
    Anonymous

    Step 1 - Invest everything into crypto

    That's it, that's all you need to do

  12. 3 weeks ago
    Anonymous

    >Step One: Sleep under an overpass and eat out of garbage cans to save $1,000 while working retail.
    >Step Two: Live this way until you die to pay off your college debt.

  13. 3 weeks ago
    Anonymous

    >2024 AD
    >children's college fund
    >college fund
    >college

  14. 3 weeks ago
    Anonymous

    >save 1k
    uh get a job good enough where this doesn't matter 1k is nothing lol
    >pay off all debt
    full moron, get as much debt below inflation. put all expenses possible on 0 apr credit cards you rotate through. pay them off or balance transfer onto another 0 apr one. just don't spend money you don't have, you should be able to pay them off comfortably.
    >3-6 month emergency fund
    again just like don't have a shit job
    if you have a shit job where you worry about 1k or 3 months of expenses honestly just max out credit cards and grind to get a good job. I did that and just payed off like 26k in credit card debt in 3 months. litearlly don't think about emergency funds i'm pretty sure if i just lost my income I could go 3 years pretty comfortably. just with assets/cash in (high interest) bank accounts/0 apr credit lines
    >4
    match your employer and take out 401k loans to buy crypto, interest just goes back to you anyway.
    >5
    college is gay
    >6
    gay
    >7
    no thanks

    • 3 weeks ago
      Anonymous

      >balance transfer onto another 0 apr one.
      I'd like to know how you think you're gonna get any real "loans below inflation" if you keep cycling through lines of credit. That lowers your score, eventually they won't let you open any more lines of credit and real loans will be expensive because your credit rating will be in the dumps from opening and closing so many lines of credit over and over.
      But I may be wrong, my sister filed bankruptcy and still gets credit card offers all the time. Not sure if they're 0% intros but I would assume they are.
      You'll basically live with shit credit but it doesn't matter.

      • 3 weeks ago
        Anonymous

        i have like a 730 if i pay it off i'd probably have like a 780. balances don't leave a long term impact on credit score, as soon as you pay it off score shoots up.
        0 apr ones last for like 14 months and many you can retrigger 0 apr them again later for like a year just by calling and asking. You can do this with old ones i've only done it once but it works, just saw someone talk about it online. I don't close any lines though I keep them open and just have small amounts i pay off instantly. Not sure why anyone would close them, keeps your balance usage low.

  15. 3 weeks ago
    Anonymous

    >30+ yo
    >$100k in crypto
    >WFH from parents' attic
    >No wife no kids
    Do these rules apply to the modern autist?

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