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Kosher Money

Dave Ramsey’s Step-By-Step Instructions to Building Wealth (and the Mistakes to Avoid)

Ep. 77

Psst, do you want to build wealth? Who doesn’t?


But what steps do you need to take to accumulate money?


What common mistakes do people make that cause them to fall behind?


We visited Dave Ramsey in his studio in Franklin, Tennessee to explore his famous Baby Steps and how millionaires are made.


We hit him with some awesome questions throughout our very compelling 40-minute discussion. We saved some fun ones for the end.


You're gonna enjoy the advice he shares.


✬ DAVE'S MENTIONED LINKS ✬


• The 'Total Money Makeover' book walks you through the Baby Steps: https://www.amzn.to/3G6fMVa


• The 'Baby Steps Millionaire' book teaches you how Dave invests and builds wealth: https://amzn.to/3W2TQjv


• The EveryDollar Budgeting App - https://ter.li/5cs2h1 (In the first month of using the app, most users cut monthly expenses by nearly 10%. Dang!)


✬ SPONSORS OF EPISODE 77 ✬


► THE DONOR'S FUND: More people are using this banklike system for charity. With a sleek mobile app or desktop solution, you can keep all your charity giving in a single place, plus there are about a dozen additional perks. Get your account here: https://thedonorsfund.org/koshermoney


► TWILLORY: Get $18 OFF your first purchase of absolutely comfortable clothing for today's casual professional look. Use code CHAI at https://Twillory.com/KosherMoney


► COLEL CHABAD: Please help Israel as its people need all the help they can get! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation!


► IT'S SLIME TIME! Nope, this isn't a paid ad, but check out their story in the outro of this video and visit https://tinyurl.com/ItsSlimeTime24 to see pics. You can contact Chavy at 646-515-5845. Kudos, sisters!


CHAPTERS:

00:00 Coming Up 

00:45 Intro

01:24 How Is Dave Doing?

01:41 How The Baby Steps Began

04:24 The 7 Baby Steps Explained In Under 4 Minutes

07:48 Beyond The Baby Steps

08:39 How Millionaires Are Made

09:38 How to Put Money Into Retirement PRACTICALLY

11:39 The Beauty of Automation

12:33 Sponsor: The Donor's Fund

13:58 The Wisdom Behind A Emergency Fund

16:50 High Yield Savings

17:21 Priorities in Budgeting (Private School Tuition)

21:17 Borrowing Money for a Bar Mitzva?!

25:03 How Kids Pick Up on EVERYTHING

25:26 Sponsor: Twillory

27:12 Home Buying Advice

33:48 Buying vs. Renting

35:22 What Dave Tells People Who Don't Wanna Budget

38:36 Sponsor: Colel Chabad

39:47 The Effect of Budgeting 

43:15 2 Pieces of Advice for 25-Year-Old Dave Ramsey

45:15 If Dave Ramsey Was In Charge of the USA's Finances

47:18 How Cool Is This Story?

48:53 Outro and Helpful Links


Love Living Lchaim? You can help us! Your tax-deductible donation enables us at Living Lchaim to share uplifting & insightful content! » https://www.livinglchaim.com/donate (THANK YOU!)


Follow Kosher Money for Bonus Shorts:

TikTok - https://www.tiktok.com/@koshermoneypod

Instagram - https://www.instagram.com/koshermoneypod


Free Call-In-To-Listen Hotline:

USA: 605-477-2100

UK: 0333-366-0154

ISRAEL: 079-579-5088


Need financial guidance? Get help from our friends at https://LivingSmarterJewish.org/


WhatsApp feedback to 1-914-222-5513


All investment strategies and investments involve risk of loss. Nothing contained in our content, ads and videos should be construed as investment or actual life advice.


#koshermoney #KosherMoneyPod #daveramsey #money #investing

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