Does Dave Ramsey Need To Re-Write the Baby Steps?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 15 January 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	brought to you by the every dollar app start budgeting for free today today's ramsay network app question
0:08.0	is from davy he says i'm wondering why baby step one isn't start your first budget and giving every dollar a name
0:14.4	then baby step two would be save your thousand dollar emergency fund and so on since you always
0:20.2	emphasize budgeting first why isn't that number one?
0:24.6	I don't know why this is making me laugh.
0:27.3	I mean, yeah, budgeting is a budget, you're right.
0:30.7	Budgeting is the foundation of everything we teach.
0:33.0	Matter of fact, some folks in here that I work with, we call it like baby step zero or
0:36.8	just kind of like,
0:43.8	there is that thought to it. It is the foundation. But I mean, listen, the reason it's not like that is because it's not like that. No, it's, no, the reason it's not like that is it's not a
0:49.2	financial milestone. It's a tool and a practice that hits a financial milestone.
0:54.6	All the baby steps are financial milestones.
0:57.4	So it's not a financial measure.
1:00.2	It's the same reason insurance, you know, buy health insurance is not a baby step.
1:06.6	It's not a financial milestone.
1:07.8	It's something you need to do.
1:09.1	Buy life insurance is not a baby step. It's something you need to do by life insurance is not a baby step.
1:11.6	It's something you need to do.
1:12.9	You do it the minute you find out about it.
1:14.7	Doing a will is not a baby step.
1:16.4	It's a tool.
1:17.1	It's an item.
	...

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