Page 54 - Charles Calhoun Book Rich As You Want To Be

life and financial peace is at stake. Gazelles

in the wild become intense to escape

cheetahs who hunt them because their life
depends on it. Seek ways to produce extra

income as debt is paid off. It can be overtime,

a part time job or selling things you own (like
that expensive car).

3. After that, Build an emergency fund of 3 to

6 months expenses. Keep these funds liquid
in money market funds so they are available

in case of an emergency.

4. After that, Fund your retirement savings
fund with 15% of your household income.

That can be 401k, IRA, Roth IRA, 403b, 457

or other retirement account. These are all
great ways to grow your wealth.

5. To learn more about Dave Ramsey’s Baby
steps and approach see his YouTube videos,

listen to his pod casts or read his books.

Paying off debt is hard work and typically
requires behavior changes, writing a

monthly budget (with both spouses when

married), determination, being intentional
(is a weird idea right? Actually, doing what

you intend to do) and may even require some
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