Smart Money

First Things First:
1. Written budget
2. Everyone needs a WILL
3. Life insurance (term)

Baby step 1:
$1,000 Emergency Fund

Baby step 2:
Pay off debt using the debt snowball method (lowest credit / loan debt to highest amount)

Steps out of debt:
1. Quit borrowing more money
2. You must save money
3. Sell something
4. Take a part-time job
5. Prayer really works

Baby step 3:
3-6 months of expenses in savings

You should save for three basic reasons:
1. Emergency fund
2. Purchases
3. Wealth building

Baby step 4:

1. Invest 15% of household income into Roth IRA’s and pretax retirement
2. Have a dream meeting with your spouse or accountability partner
3. Identify the gap
4. Numbers change when people do


Some take a away from Smart Money Tour with Dave Ramsey and Rachel Cruze at Mariner’s Church in Irvine.

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