Are Our Baby Steps Out Of Whack?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 23 September 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features Dave Ramsey & Rachel Cruze. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Budget for free with EveryDollar: Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today. Mary is starting us off in St. Louis.
0:09.3	Hi, Mary. Welcome to the Ramsey Show. Hi, Dave. Thanks for taking my call. Sure. What's up?
0:16.0	So the last few weeks, to be honest, I've gone down a little bit of a Dave Ramsey rabbit hole on
0:21.5	YouTube, so I'm just kind of getting to know your principles. I'm really intrigued by them.
0:27.3	But I have a real question about your baby steps, the $1,000 emergency fund philosophy.
0:33.4	I think my husband and I might be a little out of whack when it comes to following the steps.
0:38.3	Exactly correct.
0:40.3	We have a $16,000 car loan.
0:43.3	We have a $215,000 mortgage.
0:46.3	And we have about 30,000 in non-retirement investments.
0:51.3	And we've also started a few small investment accounts for our children.
0:55.0	We're trying to increase our retirement to 15. We're kind of trying to do everything at one time.
1:00.0	Yeah.
1:01.0	My question...
1:02.0	And you did all of that long before you even heard of us.
1:04.0	Yeah.
1:05.0	Good for you.
1:06.0	Yeah, we've been trying to save, you know, as much as possible.
1:09.0	Good for you.
1:10.0	You know, try to pay off his car loans and things like that.
1:12.8	So we have one car loan left.
1:15.4	My question is this.
	...

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