Page 53 - Charles Calhoun Book Rich As You Want To Be

not cause stress, at least for me.

So how does one get rid of debt?

If like most people, you are “normal” and

already have some debts; how do you then get rid

of them? I like the approach taught by Dave
Ramsey, and he should know having guided

millions of people to become “debt free”. Typically,

that means all debts paid off except home mortgage.
You can hear all about his “baby steps” for

paying off debt and becoming debt free. And by
the way, you can learn these steps by listening to

Dave Ramsey’s free podcasts or You Tube videos,

or by reading his books such as (THE TOTAL
MONEY MAKEOVER) or by taking his course

(Financial Peace University).

Some of Dave’s baby steps are below as I
understand them. Do them in this order.

1. Set up an emergency fund with just $1,000

in it. All other savings (other than retirement

investments) are then directed at debts.
2. After that, Direct all possible moneys at your

debts. Develop “gazelle intensity” because it

is hard to pay off debts and your financial
52