The Ramseys

The Ramseys Solution

Besides working, I like to read books, articles, and blogs, this is how I came across The Ramseys Solution. This platform was founded by Dave Ramsey. It is very American and faith oriented, but if I look through it, I will see the 7 steps method Dave has developed to give a financially free life. The 7 steps are:

1. Set aside 1.000 euros as an emergency fund

2. Pay off all debts except mortgage, starting with the smallest first

3. Build an emergency fund for 3-6 months

4. Invest for retirement

5. Set aside money so that children can eventually go to college debt-free

6. Pay off the house

7. Give generously to great initiatives.

Financial Peace

These handy steps to achieve financial peace of mind are shared through blogs, Youtube, events, courses, apps, books and a live radio show. This platform can be found at: Ramsey Solutions.

7 Steps My Way

I have adapted this method to how I am and because of that I use several steps at the same time instead of one after the other. It is of course most effective if I follow the 7 steps in order and my student debt would be gone in an instant. I choose my way, because my income comes from my company and I like a healthy stress free life (UPDATE: Sept 2024: student debt €0 euro).