A Sunny Side Up Life Podcast
EP. 90 Agree to Disagree: Baby Step Opinions
Dave Ramsey’s Baby Steps are the cornerstone of The Debt Free Community —some are pro and others are con, but we’ve all heard of them.
The baby steps are classic financial advice, but should we take them as the gospel truth? In this episode, I’m sharing my opinions, what I agree and disagree with, and what actually worked for my family.
IN THIS EPISODE, SAMI SHARES ABOUT:Breakdown of Dave Ramsey’s Baby Steps
Step 0: Get current on bills
Step 1: Save $1,000 in a beginner emergency fund
Step 2: Pay off all debt except for the house
Step 3: Save 3-6 months of expenses for emergencies
Step 4: Invest 15% of your income for retirement
Step 5: Save for college for your children
Step 6: Pay off house
Step 7: Build wealth + give
Pros and cons of the baby steps
Why I think it’s okay for you to adapt and adjust the baby steps to your own goals
Answering “Is the $1,000 emergency fund enough?”
What order to pay debt off (snowball vs. avalanche)
What to include in the 3-6 months emergency fund
How to balance investing and saving
How to stay motivated while following the baby steps
What to do if the baby steps didn’t work for you
RESOURCES MENTIONED:[Free Course] Magic + Money
—> Sami’s YouTube Channel <—
[Blog] Our Walk Up The Dave Ramsey Baby Steps
[Book] The Total Money Makeover by Dave Ramsey
[YouTube Video] Women in Finance Collab
[Affiliate Resource] Easy Budget Debt Snowball Calculator
[Budgeting Worksheets] Digital Budgeting System
*Disclosure: There are some affiliate links above, but these are all products I highly recommend. I won’t put anything on this page that I haven’t verified and/or personally used. Read our disclaimer here.
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WHO IS YOUR PODCAST HOST?Sami Womack is the brains behind A Sunny Side Up Life. Her weekly chart-topping podcast has been downloaded over 100,000 times. When she’s not downing caramel coffee and rocking a little girl on her hip (literally), she’s creating content, collaborating with finance/minimalist organizations, and inspiring women all over the world to live an intentional life.
She began this journey with her high school sweetheart, Daniel, and a debt price tag of $490,000. They both took control of their family’s finances by downsizing, budgeting, and changing habits. From this experience, A Sunny Side Up Life was born.
Today, Sami owns this business helping women get through dark times and experience the life-altering magic of intentional living.
She offers a jump start into money mindset with the FREE Magic + Money Course + a full budgeting experience with Your Sunny Money Method.