Ramsey Solutions provides biblically based, commonsense education and empowerment that give HOPE to everyone in every walk of life.
Before you get started trying to pay off debt, you need to have a way to deal with unexpected emergency expenses.
Use any extra funds you can scrape up towards your debt. You'll arrange debts from smallest to lowest if you use the Debt Snowball method.
Now that your debt is paid off, you can fully fund your emergency fund. You should save 3-6 months expenses.
Now that you are debt free and have a full emergency fund, maximize your retirement. You should contribute at least 15% of your earnings.
You have taken care of you, now you can take care of your adult children. In this baby step you will save to put your kids through college.
Part of being debt free means eliminating all debt. in this step you pay off your home mortgage! Set a goal and challenge yourself!
The very last step is to continue to build your wealth and give back. You have accomplished something very few have. Now, keep it going.
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Investment Planning Group
298 West Bridge Street, Blackfoot, Idaho 83221, United States
Securities offered through Cantella & Co., a broker-dealer, member FINRA/SIPC
Investment Advisor Representative
Advisory services offered through Cantella & Co., a Registered Investment Advisor
Cantella and Investment Planning Group are not affiliated
Jim Phelan is registered to offer securities in the following states: (CA, CT, FL, ID, NV, RI, UT, WA)
Ty Rees is registered to offer securities in the following states: (ID, UT)
Lee Mathie is registered to offer securities in the following states: (CA, ID, NV, UT, WA)
Cindy Gardner is registered to offer securities in the following states: (ID, UT, WA)