Baby step 2 Debt snowball -List your debt from smallest to largest items -make minimum payments on everything but the littlest debt item you have and attack the little one with a vengance! -Debt Free in two years
Baby step 3 -Save 3-6 months of expenses in a fully funded emegency fund -now your ready for life's problems and issues -now you are actually at ground zero and EVEN, now you are ready to actually build wealth
Do steps 4-6 slow and intentional
Baby step 4 -You put 15% of your income aside into good growth stock mutual funds in retirement plans -do roth iras before traditional iras -do match ira before roths -up to the 15% -dont do 10% dont do 20% do 15%
While doing baby step 4 your going to be dont baby step 5 and 6 simultaneously
Baby step 5 -this is where we are saving for our children's college fund -student loan problems are parenting problems, parents are wrong for letting students sign up for loans they cannot afford
Baby step 6 -pay off your house
Baby step 7 -millionare possible in 10 years -continue to build wealth and raise your generosity of helping people