Monday, October 13, 2008

Dave Ramsey Would Be Proud

Dave Ramsey would be so proud of my 2 1/2 year old daughter. For those of you who don't know who Dave Ramsey is, you need to check him out. You can check him out here at

Dave believes that you shouldn't use credit cards, and that you should pay cash. He is in to helping people get out of debt and has a really great program. Here are what he calls his 7 baby steps.

Get out of debt the same way you learned to walk, one step at a time.
Dave has taught these principles to millions via radio, books, Financial Peace University, Live events, and online:

$1,000 to start an Emergency Fund

Pay off all debt using the Debt Snowball

3 to 6 months of expenses in savings

Invest 15% of household income into
Roth IRAs and pre-tax retirement

College funding for children

Pay off home early

Build wealth and give!

Anyway, my wife had London(my daughter) out the other day at Old Navy. They were in the check out line getting ready to pay for the merchandise. London takes a glance to her left and then to her right and notices the people are paying with credit cards. London knows that we don't use credit cards and pay for things by cash. Well, London took this opportunity to begin telling the people that they should not use credit cards and should only use cash. People in line started cracking up, but I am sure they were a little taken off guard. She proceeded to tell them they need to work hard, and take the cash and put it in the bank.

Great moment.

1 comment:

Anonymous said...

You should call Dave and tell him. I bet he would crack up!