For many of you who follow me, you know that I am a Dave Ramsey fan. My husband and I have purchased, read and implemented many of Dave’s financial strategies to get us on our journey to financial freedom. I recently purchased and went through Financial Peace University Home/Online course and I absolutely loved it.
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Although my husband and I have been following the “Baby Steps” plan, I was able to glean more information as to how we can ensure we are on the right path to building a financial legacy. Here are three tips I learned from Financial Peace University.
- Ensure you are properly Insured! Dave reviews auto, medical, life, home, rental and other insurances we need to be mindful of. He also encourages us to review policies to ensure we have adequate liability coverage.
- Choose good growth stock mutual funds. He gives a very detailed look at how to determine percentages to put into your 401k/403b, Roth IRAs and other retirement accounts.
- Continue to follow the “Baby Step” plan. One of the biggest reasons why I follow Dave Ramsey is because his methods are simple. He gives you a step-by-step plan as to how to save, get out of debt, invest and obtain financial freedom and thousands of families have “won” because of it.
So if you a looking for books, courses, and/or workshops to aid in personal finances, I say, start with Dave Ramsey. It is a proven plan.
Are you a Dave Ramsey fan? What tips have you implemented in your personal finances that is helping you obtain financial freedom? Comment and Share.
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