Miller also says, “Dave does not mention 401K’s at all in any of his 7 baby steps.” That’s certainly not true. Ramsey is very clear that Roth 401ks are the way to go as you take the pre-tax benefit. This would fall under “Pre-Tax Retirement” in step #4. RAMSEY MENTIONS ...
When you follow the Dave Ramsey baby step plan, you put off investing for retirement until you are debt free. This could cost you 3-5 years or more, depending on how much debt you have. Then it isn’t until step seven until you start saving more money for your future. ...
When most people hear about Dave Ramsey for the first time, the initial impression that they get from his that he is strict about not spending any money so that you can get out of debt. This is definitely one of his main characteristics for sure, but to me it seem a lot of people s...
Dave Ramsey’s Awful Advice The Debt Snowball –Dave Ramsey advocates a “debt snowball” debt repayment method, where the person in debt arranges their debts from smallest to largest, paying them off in that order. Dave believes that this method is advantageous for those who are buried under ...