Bank of Boomer-ville
Here are Dave Ramsey’s “Baby Steps” to building a solid financial foundation.
- $1,000 to start an Emergency Fund
- Pay off all debt using the Debt Snowball
- Three to six months of expenses in savings
- Invest 15 percent of household income into Roth IRAs and pre-tax retirement
- College funding for children
- Pay off home early
- Build wealth and give!
He also advises that you invest in mutual funds and real estate, and avoid the temptation to buy gold from a midnight info-mercial.
How has your investment strategy changed over time?
Would you buy gold? (Ramsey says no way!)
What are you teaching your children about investing?
Who is the best financial guru during these times?
September 26th, 2009 at 10:50 am
Another bank failure yesterday…this time in Texas. That’s what, 90 or so?
How can we know if our banks are safe? How can we know that we’re protected if they fail?
August 6th, 2009 at 10:23 am
Republic Bank sucks!
July 23rd, 2009 at 10:36 pm
Yeah, we’re above 9,000 on the Dow. How long ago was it that we were saying “Do you think the Dow will actually go over 10,000?” A few people are going to get really rich in the next couple of months.
July 21st, 2009 at 7:55 pm
So, stock market up for a few days in a row…guess they’ll be calling this a recovery. But the politics of today will not allow for a recovery tomorrow. We will be too strapped in taxes to invest, and why invest? If you make good money, you will just pay more taxes. I think that’s called “spreading the wealth around,” or, if you prefer, Socialism.
July 9th, 2009 at 8:28 am
Hey…Jim Kramer…shut up!