My parents taught me many wonderful things growing up, and I will always be grateful for them.
Unfortunately I didn’t learn a whole lot about money.
When my husband and I got married, we had different ideas about money – how we should use it, how we should earn it, how we should save it, and also we had different ideas about its intrinsic value and role.
Needless to say, this created some conflict.
For a few years,I’d been hearing about fincial guru Dave Ramsey and his Financial Peace University.
I liked what I heard on his radio program, and thought maybe one day my husband and I might go.
We actually just enrolled. It’s aweseome!
He teaches seven “Baby Steps” to help people achieve – just like the name of the class - financial peace.
The steps include funding a $1,000 emergency fund, paying off all your debts using a “debt snowball” method, putting 3 to 6 months of expenses in savings, investing 15 percent of your income in ROTH IRAs and pretax retirement, starting a college fund for your children, paying off your home, and building wealth and saving.
It’s a wonderful program.
There are classes springing up all the time.
More than anything, it teaches what we all should have learned, but most of us didn’t.
And, it makes money a viable topic of conversation – it takes away the emotion behind it.
Only when you undersand something can you truly succeed at it.
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This post was written by qni_it on August 3, 2011