Comments on: Going from Debt to Wealth- A Closer Look at Dave Ramsey’s 7 Baby Steps Plan

By: Community In Action - 5 Days Until Christmas Edition | The Happy Rock

Community In Action - 5 Days Until Christmas Edition | The Happy Rock — Sat, 20 Dec 2008 04:26:40 +0000

[...] Going from Debt to Wealth- A Closer Look at Dave Ramsey’s 7 Baby Steps Plan @ Thing Your Way To Wealth [...]

By: Monroe on a Budget » Tips from the money bloggers week of Dec. 15

Monroe on a Budget » Tips from the money bloggers week of Dec. 15 — Wed, 17 Dec 2008 02:25:01 +0000

[...] Your Way to Wealth presents Going from Debt to Wealth – a Closer Look at Dave Ramsey’s 7 Baby Steps Plan: “The important thing is to get some sort of financial cushion going so you don’t have to use [...]

By: The Carnival of Debt Reduction #170

The Carnival of Debt Reduction #170 — Mon, 15 Dec 2008 13:02:04 +0000

[...] presents Going from Debt to Wealth- A Closer Look at Dave Ramsey’s 7 Baby Steps Plan posted at Think Your Way To [...]

By: RC

RC — Thu, 04 Dec 2008 02:17:42 +0000

@DebtGoal- You make a good point, you definitively need to have an approach to paying off debt and stick to it in order to succeed. Thanks for visiting!

By: DebtGoal

DebtGoal — Thu, 04 Dec 2008 01:45:20 +0000

RC importantly identifies the debate about whether it’s better to pay off your highest interest account first of your smallest debt. Ultimately, for most people the long term difference in savings between the two approaches is relatively minor. But it’s critical to create a system that lets the payments be managed. The biggest problem is a charge being made on a credit card that consequently throws off one’s estimated payment schedule. Thus, identifying an approach that allows one to execute constant payments is key.

By: Carnival of Personal Finance, Cyber Monday 2008 Edition | Mighty Bargain Hunter

Mon, 01 Dec 2008 06:03:42 +0000

[...] Your Way To Wealth gives a closer look at the Baby Steps [...]

By: Frugaller

Frugaller — Sun, 23 Nov 2008 15:55:52 +0000

Wow, I’d never heard of Dave Ramsey before. Some good pointers re getting debt bustered once and for all.

By: Credit Karma Weekly Roundup | Credit and Personal Finance Blog | Credit Karma

Sun, 23 Nov 2008 11:09:39 +0000

[...] Think Your Way to Wealth blogs Going from Debt to Wealth- A Closer Look at Dave Ramsey’s 7 Baby Steps Plan. [...]

By: RC

RC — Thu, 20 Nov 2008 03:16:45 +0000

@San Fran- Thanks! I think you are right, for some people knocking out one debt first can be a great mental boost, even though the math might tell you to pay off the highest interest one first.

By: San Francisco Financial Planning

San Francisco Financial Planning — Wed, 19 Nov 2008 18:01:53 +0000

Great advice above. On paying off debt using the snowball method, most advice says to pay off the debt with the highest interest rate first. But sometimes, If you credit card debt across many cards, and you have one credit card with a small outstanding balance, pay it off first even if it is a lesser interst rate. Having one less card on the list does wonders for your mental state.