Dave Ramsey’s 7 Baby Steps: Step 2 – Pay Off All Debt Using The Debt Snowball

In my last post in the 7 Baby Steps series, we looked at Baby Step 1, saving up an emergency fund of $1000. You save up that baby emergency fund in order to insure yourself against the risk of life's little emergencies that have a way of popping up at the least opportune time.   If you don't save up that money as an insurance policy, you can be assured that your plan to get out of debt will be set … [Read more...]

Dave Ramsey’s 7 Baby Steps: Step 3 – 3 To 6 Months Of Expenses In Savings

Last time we looked at Baby Step 2, paying off all your debt using the debt snowball. You take your bills, put them in order from smallest amount to largest amount, and proceed to pay them off one by one, snowballing the amounts until the debts are gone! Baby Step 3 – 3 To 6 Months Of Expenses In Savings In baby step 1 we built up a $1000 emergency fund in order to protect us from life's … [Read more...]

M1 Finance Review: The Fee Free Robo-Advisor

As a long term investor, I do everything I can to ensure that my returns are as high as possible over the long haul. What sort of things am I doing to ensure that I come out ahead? I'm doing my best to keep my investments diversified, and keeping the costs for my investing low. Typically people can see fees, commissions, expense ratios and account costs eat into their end returns, and it doesn't … [Read more...]