Dave Ramsey talks to 24 Hour News 8WOOD TV8
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- 12 years ago
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24 Hour News 8's Suzanne Geha talked with him prior to the event.
Thousands of people spent a few hours Thursday night with Dave Ramsey in Grand Rapids.
The national radio host and personal financial expert gave a seminar at Van Andel Arena. 24 Hour News 8's Suzanne Geha spoke with Ramsey before the event.
His seven tips to financial peace are --
Step 1: $1,000 to start an emergency fund
Step 2: Pay off all debt using the debt snowball
Step 3: 3 to 6 months of expenses in savings
Step 4: Invest 15% of household income into Roth IRAs and pre-tax retirement
Step 5: College funding for children
Step 6: Pay off your home early
Step 7: Build wealth and give (invest in mutual funds and real estate)
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