I’ve been a big fan of Dave Ramsey for years. For those of you who
are not familiar with Dave, he is a personal money management expert, radio personality, best-selling author and speaker on finances. He teaches people how to become debt free and “live like no one else, so you can live like no one else”.
This past weekend Dave had a book signing for his new book Entre Leadership and a Dave Ramsey Live event about taking control of your money. My husband and I (the nerds we are) went to the book signing and to the live event. It was a sold out crowd at the Reliant
Area and it was a fun time. Dave has transformed how we live, spend and save.
Dave Ramsey is an avid real estate investor with millions of dollars of property. He shares his knowledge on foreclosures, short sales, how to invest safely in rental properties. Over the years, I’ve learned a lot of practical information that has helped me with clients facing all of those scenarios.
Here are the basics to his plan:
1. $1000 emergency fund
2. Debt snowball – pay off all debt smallest to largest
3. 3-6 month emergency fund
4. Put 15% into retirement IRA/401k/mutual funds
5. Fund college
6. Pay off mortgage
I’d be happy to talk Dave with you and share some of his real estate principles; all you have to do is ask!
Here is one of the interesting statistics Dave Ramsey shared: