Lewis Howes

And I think most people don't realize that until they're way later in life.

How many Ramsey principles are there?

There's seven baby steps that sort of lay out the financial plan.

It's pretty simple.

Baby step one, $1,000 starter emergency fund.

Baby step two, get rid of all your consumer debt using that debt snowball method.

Baby step three, save up three to six months of expenses and an emergency fund.

Baby step four, invest 15% of your income into tax advantage retirement accounts.

Baby step five, if you have kids, put some money aside for college and like a 529 plan, an education savings account, let it grow with compound interest and growth.

And then six is pay off the house early.

And you have the margin to do that because you have no payments.

And so you can pay off the mortgage early.

And then baby step seven is this endless mountaintop experience where you get to live and give like no one else, build wealth.

max out retirement, go on the craziest trips.

I mean, the things that we hear people doing, we had a call, can I go on a $25,000 European vacation and take my whole family?

And we were like, yeah, you're worth $5 million.

Let's go ahead and do it.

Yeah, if you've done all these other steps.

Exactly you've earned it and then we get the call someone who wants to go on a $2,000 trip We have to tell them no because they're a hundred thousand dollars in debt And so it's it really is Dependent on your financial situation if you were able to add one Extra value to the Ramsey values yourself from everything you've learned in life What would be the George Campbell money value that you would add?

That's a good one.