Don’t Do the Baby Steps Out of Order – They Work This Way! (Hour 1)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 23 May 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Rachel Cruze answer your questions and discuss: "How much should we save for a future home?" "What should we do with our tax return?" from the blog: What Do I Do With My Tax Refund? "Help me decide my business model for my food business", Why you shouldn't pull from your 401(k) to pay off debt, from the blog: Should I Use My Investments to Pay Off Debt? Saving for a home down payment, What to do with your savings, Budgeting as a new college graduate. Support Our Sponsor: Christian Healthcare Ministries DreamCloud Zander Insurance Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Oh
0:27.0	Live from the headquarters of Ramsey Solutions broadcasting from the pods moving
0:32.7	and storage studios. It's the Ramsey Show where we help people build well. Do
0:39.6	work that they love and create actual amazing relationships. Thank you for
0:44.9	being with us America we're so glad you're here. Rachel Cruz, Ramsey
0:49.1	personality number one bestselling author and co-host of the Smart Money Happy
0:54.7	Hour podcast on the Ramsey Networks with our own George Campbell is my co-host
0:59.7	today open phones that triple eight eight two five five two two five that's
1:05.4	triple eight eight two five five two two five starting this hour is Tamara in
1:10.9	Little Rock Arkansas hey Tamara how are you? Hi I'm doing well thanks for taking
1:16.4	my call. Sure what's up? So we are a military family and we don't plan on buying a
1:22.1	house until my husband retires from the military in about 10 years being such a
1:26.7	long-term goal how much should we be setting it aside now in each month or a
1:30.3	house. Well thanks for your service I appreciate that. Yeah do you guys know we're
1:36.2	in 10 years where you think you want to end up? We don't at this point. Okay where
1:42.6	are you guys at on the baby steps do you guys have consumer debt? No we're in
1:47.3	baby sex 4 through 6. That's awesome. I mean yeah I mean honestly I mean it's
1:53.1	it's a decade away so I'm like what the housing market's gonna be like where
1:56.8	you guys want to end up I mean there's a lot still in the air so I mean I would
2:00.5	just you know have a goal of setting maybe a percentage of my income aside
2:06.1	every month so more of a percentage than a dollar amount so that you guys can
2:10.8	still enjoy life I mean y'all are in baby steps 4 through 6 so it's you want to
	...

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