![]() ![]() We decided that we wanted to pay off the highest interest rate items first. The debt snowball method has you focusing on paying the smallest amount first. We were in $35,000 of credit card debt and took every penny we had to pay it off. This is one of the hardest steps in my opinion. Dave Ramsey recommends the debt snowball method. You can pick any method you’d like to do this. This means you need to put every extra penny you have toward paying off your debt. Pay off all your debts (except your mortgage). You’re trying to get out of debt so doing this helps you have a little bit of money put away for those unexpected situations. Make sure you can handle tough criticism. I was actually surprised by the way he was speaking to people looking for help. But be careful, he’s not very Christ-like when it comes to your financial failures. He also answers financial questions in his podcast. He has financial advice on most topics and has written books like the Total Money Makeover. So basically, Dave Ramsey is sharing what the Bible says about money. ![]() If you study the Bible then you will know that we are warned multiple times in the Bible about debt and that we shouldn’t become slaves to it. So where does this financial freedom principle come from? Dave Ramsey’s goal is to help others gain financial freedom. Who is Dave Ramsey?ĭave Ramsey is a popular expert on finance. Looking for financial advice and money management tips is a great place to start. If you’re just starting out on your financial journey, you are on the right track. He definitely has some experience in financial crisis and he is a living testimony of God’s goodness. His most popular plan is his Dave Ramsey Baby Steps. If you’ve been researching debt freedom tips and personal finance, I’m sure you’ve come across the Dave Ramsey plan. All Bible quotations are from the New King James Version (NKJV) unless otherwise stated Bible Copyright Attribution. Please read my disclosure policy for more info. I may earn money from the companies mentioned in this post with no additional cost to you. This article may contain affiliate links. ![]()
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