Review:

Baby Step #1: $1,000 cash in the bank as an emergency fund

Baby Step #2: Get out of debt using the debt snowball (pay off smallest to largest)

Baby Step #3: Fully funded emergency fund (3-6 months of expenses)

Baby Step #4: Start your long term investing (15% of your income going into your retirement)

Baby Step #5: Invest for College

If your kids are almost in college, in college, or grown and gone, you don't need to worry about this step because you are just there and facing it now. With the smaller kids, you want to start investing now so you can pay cash when they go to school. We don't want the school debt burden on your family ever again. We are trying to break the cycle and change the family tree.

Rules of College:

Pay Cash

Go to a College you can afford

Can't afford to send your kids to college? Teach them the value of work!

Next Step: Baby Step #6: Pay Off Your Mortgage

Book: Purchase Dave Ramsey's "The Total Money Makeover Workbook" at our Crossroads eStore