143: 7 Baby Steps to Build Your Wealth
Tune in to the podcast today for the conversation.
We are in a transition period Life is just different. We are coming through an economic crisis, Housing crisis, financial crisis… Life all around is a little rough right?
Today we are going to discuss the 7 baby steps to build your wealth.
Tune into the podcast to hear this conversation in depth!
Baby step 1- eliminate all the credit cards and Save to 1000
Baby Step 2- pay off everything in a snowball effort- this means your credit debt,
Baby Step 3- now everything is paid off- save up to 3-6 months worth of expenses in an emergency fund
Baby Step 4-invest 15% of household income in retirement
Baby Step 5-Save for children college fund- no kids? Start saving that toward retirement.
Baby Step 6- pay home off early
Baby Step 7- build wealth and give back -
Like Lori said- “You dont need to be perfect to do money right. Just be intentional with your money to succeed”
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See You next week for a new episode!
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