Baby Steps Millionaires by Dave Ramsey: [Book Review]

Baby Steps Millionaires, by Dave Ramsey

Becoming a millionaire is achievable for anyone, regardless of income. I have seen it with my own eyes. For 8 years, we have been affiliated with Ramsey Solutions and every week for 8 years we meet new people who BELIEVE and are achieving this goal.

The plan is simple but following it is NOT easy. The best way to stay on track is to hear stories of people who have been there and done that…that’s what this book is about. It is a collection of stories that will encourage and help achieve your goals.

1. The Power of the Baby Steps:

The book reinforces the importance of Dave Ramsey's seven "Baby Steps," which provide a clear, actionable plan for achieving financial freedom. These steps include:

1. Saving a starter emergency fund of $1,000 dollars.

2. Paying off all debt except your home

3. Building a fully funded emergency fund.

4. Investing 15% into the future.

5. Saving for college

6. Paying off the home early.

7. Building wealth and giving.

2. Millionaires are Everyday People:

• This book emphasizes that most millionaires are not born into wealth; they are ordinary people who have made consistent, smart financial decisions over time.

• This point helps to demystify the concept of becoming a millionaire and makes it feel more attainable.

3. Behavior over Income:

• The book stresses that financial success is more about behavior than income.

• By adopting disciplined spending habits, avoiding debt, and consistently saving and investing, anyone can build wealth, regardless of their income level.

In essence, "Baby Steps Millionaires" is a motivational guide that reinforces the importance of disciplined financial behavior in achieving long-term wealth.

Read This Book. Apply It. Make Things Happen. Most people wait for things to happen. The ones who make history are bold and take action.