Good thing Chris hogan uses his power for good. He could pump you up to want to rob a bank or something. Instead Im so excited to get to baby step 4. I’m pumped Chris!!!
Rachel I adore what you are doing, breaking down every single step and telling us some examples. Because some of us like me need all the info you say to understand fully what to do in situations hehe. and CONGRATULATIONS! 200k subscribers. So glad you have this channel
I love the baby steps! We're on step 6, paying an additional $1,000 towards our principle each month. Using the Dave Ramsey calculator we should be able to pay the house off in 9 years, and we're 2 years in. At the age of 31 I'm not always proud of where I'm at professionally (all my friends have master's degrees except me) but it's letting me win with money so I'll be happy about that!
The giving portion convicted my heart so much. Our income just doubled as my husband started working after being a sahd for a few years and because of your dad's teaching, we're going to be able to get debt free in two months, adjust a lifestyle a little and invest And still have a huge amount of discretionary income. I've never been a giver, parents never taught me how to handle money let alone giving to others, I wanna be outrageously generous.
I love the baby steps. I am on baby step 4-6. I struggle to come up with the full 15% in retirement cause there is not much money left after basic expenses. I have been able to pay at least one full payment extra on my mortgage. Thanks Rachel and the rest of the Ramsey team.
O my! Dave says the mortgage deduction benefit is "a mythological discussion among broke people"! He always makes me laugh! Thank you Rachel Cruz for all you do. I love your approach to Financial Peace. You and your dad are such a great team and balance each other out so well! I appreciate your compassion and gentle way of being that complements your dad's "tell it like it is" and blunt approach. BOTH make an impact on people. And Chris Hogan is pretty awesome too. We are in Baby Step 2 and we will be for awhile but we can't wait to get to 7! We listened to Chris talk about his legacy in FPU and not being a burden to his boys but rather a blessing both to his family and others. That is our WHY. :)
Thanks to all of you for caring enough to refresh, share, and show how to be a self millionaire. or close to it. No time is too late just get started, what is there to think about other than the future for ourselves. Thank you thank you thank you.
Greatsome three, congratulations rachel, coming baby will have giving grandpa, (dharma) says your left hand must not know what the right hand gives, fruits of giving are always great for soul.
I been doing this backwards but I guess it works for me. I don’t have kids. I have 9k on my emergency fund. No credit card debt and still in college and I’m a junior with 19k on debt I’m gonna start paying college 200 a month while in college and as of right now I’m investing 10% towards my retirement what am I doing wrong?
Could you do an episode for the following situation: “ you are gazelle- intense and then a big unexpected bill comes in, of the car breaks down and it is reallifesoap hard to pay and you maybe want to give up on everything... “ it probably happends to most people and I need some motivation to go on...
Rachel I don't understand why someone would purchase a 20 year term policy if they are 30 yrs old. That's basically saying he's going to die at 50 years old. I would like to think people would live into their 70's and 80's. With that info wouldn't that push the premiums higher since its a longer term?
Great question, LaToya! We recommend term life insurance because if you’re working the Baby Steps, you should be on your way to millionaire status (and self insured) by the time the term is up. - The RC Team
@@RachelCruze ohhhhhh yessss that's right!!! How can I forget that part!! I guess living in a state of debt for so long, it's hard to shake the mindset. 🤦🏿♀️ Basically we want to have SOME coverage just in case, but shouldn't really need it past the term since we will be millionaires by then. woot woot got it!! lol 🤸🏾♀️🤸🏾♀️🤸🏾♀️ Thanks so much for your response.😉
