What is a fully funded emergency fund? Most financial planners, Dave Ramsey included, recommend that you have an emergency fund that has three to six months of living expenses. This is one of his core tenants in his book, The Total Money Makeover and it is Baby Step 3. Recently, I have been seeing many people saying that your emergency fund should be three to six months of your income, but that will actually equal a little more than you really need.
20 Things Poor People Really Do Every Day - Ben Irwin response to a Dave Ramsey column about the habits of the rich vs. The Ramsey piece contains a lot of logical fallacies. Good for teaching logical fallacies.
Dave Ramsey's Baby Step 4 - Invest 15% Of Your Income For Retirement
Baby Step 4 in Dave Ramsey’s bestselling book and system, The Total Money Makeover, is to invest of your gross pay in good growth stock mutual funds. While it is just a rule of thumb, he recommends of your gross pay and not your net pay which mean
Dave Ramsey’s Baby Step One - Save a $1,000 Emergency Fund