Dave Ramsey Baby Steps - UK Version Explained

Dave Ramsey Baby Steps - UK Version Explained
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In this video I walk you through the 7 baby steps from Dave Ramsey’s book, The total money makeover.

Although the steps were created in the US, the principles apply just the same in the UK, or anywhere else for that matter.


My Monthly Budget Spreadsheet (Zero-Based Budget)
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https://www.etsy.com/uk/listing/11625...


CHAPTERS
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00:00 - 03:10 - Intro
03:10 - 04:44 - Step 1: £1000 Emergency fund
04:44 - 05:39 - Step 2: Pay off debt using debt snowball
05:39 - 06:55 - Step 3: Fully fund emergency fund (3-6 months)
06:55 - 08:09 - Step 4: 15% for retirement
08:09 - 09:33 - Step 5: Save for child's education
09:33 - 10:30 - Step 6: Pay off your mortgage early
10:30 - 11:11 - Step 7: Build wealth and give
11:11 - 11:51 - Credit cards
11:51 - 12:32 - Conclusion


WEBSITE/BLOG
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https://www.frugalspender.co.uk

REFERRALS
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eToro - https://partners.etoro.com/B10482_A90... (I get a small kickback if you sign up with eToro using this link 😊)

Crypto.com - https://platinum.crypto.com/r/qu9h5ewc7q (Sign up with this link and make a transaction for both of us to get $25.


RESOURCES
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Compound interest calculator
https://www.thecalculatorsite.com/fin...

Mortgage overpayment calculator
https://www.moneysavingexpert.com/mor...

BOOKS
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Dave Ramsey - Total money makeover book (affiliate link)
https://www.amazon.co.uk/gp/product/1...


DISCLAIMER
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I am not a financial advisor and everything I talk about on this channel is for information purposes only. I have learned through my own research. Remember that when investing in the stock market, your capital is at risk and you can lose money as well as make money. If you need help with your finances, you should seek help from a qualified financial professional.

HASHTAGS
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#daveramsey #babysteps #personalfinance #moneymanagement #ukfinance #moneytips #moneyhelp