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04-02-2013, 02:20 PM | #1 | |
Most Valuable Villain
Join Date: Dec 2006
Casino cash: $2945047
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Posts: 92,208
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04-02-2013, 02:25 PM | #2 |
Superbowl MVP
Join Date: Oct 2005
Location: OOOOOOOOOOOOOLATHE
Casino cash: $9910252
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Here is the book:
http://www.amazon.com/The-Total-Mone...money+makeover I picked up the Kindle version for $10 He is on the Radio everyday too you can listen here: http://www.daveramsey.com - hes on for another 30min or so But here are the steps: Step 1- Save $1000 Emergency Fund Step 2- Pay off all Debts Smallest to Largest - using the funds you free up to add to the payment of the next debt - aka the debt snowball Step 3- Complete the ER fund with 3-6mo of savings Step 4- Put 15% of your income toward retirement Step 5 - Save for Kids' college Step 6 - Pay off House Early Step 7 - Become Wealthy and give a lot of it away Thats the VERY high level overview but the Key to step 1-3 is budgeting - give every dollar a name -- on paper - on purpose every month - Keep a $0 Budget meaning every dollar has a Job we are hooked We want to live like no one else so later we can live like no one else. |
Posts: 11,177
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04-02-2013, 02:55 PM | #3 | |
Starter
Join Date: Jan 2013
Location: Overland Park KS
Casino cash: $10005020
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If you don't want to spend the rest of your living month to month this is the best advice you will ever find.
I have not had a credit card in at least 5 years. It is silly to maintain a bunch of credit crds to keep a high FICO score if your long term goal is to be financially healthy and independent. Quote:
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Posts: 213
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