I know some of you have heard this, because some of you have asked me about it. Of course, you know me, I will always refer back to what Dave Ramsey says, but don’t just take it from me or Dave, see what the paid experts say on MSN Money. Putting yourself further into debt by borrowing fro your credit cards for your savings is a “STUPID” idea as Dave would recommend. Why? Even the Bible says “the rich rule over the poor and the borrower is SLAVE to the lender”. The reason why America is in such a mess today is because once the consumers started hurting financially the credit card companies tightened the hand cuffs on our lives and now we are screaming to be released from these chains. Why would you give the credit card companies back the key? It's time we break out of the bondage and handle our money the way God intended and then we can have true Financial Peace.
http://articles.moneycentral.msn.com/Banking/CreditCardSmarts/why-suze-orman-is-wrong-again.aspx
The key to winning with your money in these trying economic times is to change your behavior and get on a budget. Handling money is 20% knowledge and 80% behavior. Following the Dave Ramsey Baby Steps as prescribed in Financial Peace University has been proven to win family after family, including my own. The Seven Baby Steps are attached herein.
Use the Baby Steps to get your finances in order and on track. Then pass them on to someone you know and help change their life!
$1,000 to start an Emergency Fund
Pay off all debt using the Debt Snowball
3 to 6 months of expenses in savings
Invest 15% of household income into Roth IRAs and pre-tax retirement
College funding for children
Pay off home early
Build wealth and give! Invest in mutual funds and real estate
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