Baby Steps Millionaires: How Ordinary People Built Extraordinary Wealth - and How You Can Too
by Dave Ramsey
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The seven “baby steps” to wealth listed in written format
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Spoiler:
Dave Ramsey’s seven steps to building wealth are the same ones he has always espoused, but for new Ramsey fans this list gives a concise summary; the book goes into detail about how to achieve each step. At the foundation of Ramsey’s philosophy is getting out of debt and avoiding new debt via credit cards or student loans. He also urges everyone to have a $1000 emergency fund for things like a medical problem or an unexpected car repair.
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Dave Ramsey appears on PragerU podcast via video call
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Spoiler:
Ramsey not only shares his seven “baby steps” for building wealth, he gives extensive advice for young people considering whether or not they should take out loans to get a college degree. He says it’s better not to get a degree than to go into debt for one, suggesting either a trade school, a free junior college, slowly working your way through, or simply educating yourself. He says a diesel mechanic certainly earns more than a social worker with a four-year degree, warning young listeners not to “overpay.”
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Dave Ramsey gives interview via video call + tips for wealth
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Spoiler:
Saying he didn’t intend to do another book, Ramsey adds that he was disturbed by people believing that the days of “the little guy” being able to build wealth are over in America, something he claims is absolutely false. He decided to research all the people who have become millionaires while following Ramsey’s system, in addition to studying other millionaires. The book tells the stories of the baby steps millionaires, many of whom built wealth in spite of obstacles like race, gender, single-parenting, etc.
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