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Dave Ramsey talks to 24 Hour News 8

WOOD TV8 Follow
  • Video description
  • 12 years ago
GRAND RAPIDS, Mich. (WOOD) - Personal financial guru Dave Ramsey, known around the nation for helping Americans get out of debt and live in financial peace, spoke Thursday night Van Andel Arena in Grand Rapids.

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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