The 9 steps to financial freedom

Dave is the personal finance guru, encouraging families to find their own financial freedom by paying off their debt, building up their savings, and investing for their retirement using his 7 Baby Steps. When my husband and I first had our financial wake up call, you can read Our Debt Free Story here we knew we wanted to get serious about paying off debt and getting in control of our finances. I had heard about Dave Ramsey and his principles through my parents. We called my mom, asked to borrow her Dave books, and started down the best journey of our lives.

The 9 steps to financial freedom

Getty Images One thing I regret about college is that there was no class on personal finance. Or if there was, I didn't know about it. Sure, I wrote papers on the philosophies of Nietzsche, Arendt, and Kirkegaard, but no one ever made me take a quiz about Ks.

But, as an adult who is interested in retiring some day, has two kids that need to go to collegeand who likes to travel todayI'm very interested in understanding personal finance issues--like most of us are.

Pollack, and co-author Helaine Olen detail 9 easy in theory, not always easy in practice things you need to do to be on top of your personal finances. Here are the 9 things: Strive to save 10 to 20 percent of your income.

Pay your credit card balance in full every month. Never buy or sell individual stocks. Buy inexpensive, well-diversified index mutual funds and exchange-traded funds. Make your financial advisor commit to the fiduciary standard.

Buy a home when you are financially ready. Make sure you're protected. Do what you can to support the social safety net. Pollack acknowledges that his 9 rules are not for everyone--they are designed for people who are already middle class, and it's important to note that.

There isn't a one stop shop for financial advice for everyone. Some of those things are easily understood--saving money and paying your credit card balance off every month, for instance. They may not be easy to do, but they are easy to understand.

The 9 steps to financial freedom

But, just what is the fiduciary standard? This is rule that requires advisers to sell products that will make the client better off, instead of products that will be to the advantage of the advisor.

Definitely something you want. Pollack also says that people are often shocked with rule 9: He came to this conclusion after he and his wife became the caretakers for his brother-in-law, who has medical problems and an intellectual disability.

We would have absolutely gone bankrupt without his Social Security, Medicare, and Medicaid that prevented our family from losing everything taking care of him.

We have to have each other's backs.

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What the social safety net does, what social insurance does, is it is it allows us to protect each other against these risks that would just crush any one of us if we had to face it alone.

As individuals we should we should do everything that we can to be prudent investors and to support ourselves and our families and to follow the rules that I've laid out. But you cannot guard against everything in life.

I don't particularly enjoy paying my taxes on April 15th, but I do feel that the American taxpayer had my back when I had a crisis.

And you know I should be doing the same thing for other people.

9 Steps to Financial Freedom

While I'm not a financial advisor, I've been on the other side of the table when people realize that the financial choices they've made have not been good ones and now they have an emergency.

His advice on ks and insurance are things that HR departments tend to advise people on. It's not worth it. Not getting the k match is throwing away money.

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And maybe, encourage your young adult children to take one fewer class on philosophy and one on personal finance. Aug 31, More from Inc.11 steps to financial freedom Want a new car? A bigger house? An earlier retirement?

Make your own financial plan right here, in 11 easy steps.

The 7 Steps to Financial Freedom

10 Steps to Financial Freedom. likes. This book gives you 10 real life direct actions that you can start today to move you from just getting by to.

There are no critic reviews yet for 9 Steps to Financial Freedom - Suze checking Rotten Tomatoes for updates!Category: Special Interest. Review. Suze Orman's reading of the audio version of her bestselling book The 9 Steps to Financial Freedom is nothing if not intense.

The 9 steps to financial freedom

Coming at you with the force of a summer hurricane heading for Cape Fear, Orman recounts one horror story after another to help us avoid financial disaster. Click here to see all of Andrew’s 9 Steps to Financial Freedom or click on them individually as Steps , Steps , Step 6, Step 7, Step 8, and Step Step #6 Find a financial advisor without a conflict of interest.

Finding a financial planner can be one of the most important decisions you make. From credit card management to investing, The 9 Steps to Financial Freedom leads you through this discovery one step at a time.

If you only read one book on how to organize your finances, this is it. Guest/5(36).

Review: The 9 Steps to Financial Freedom | Poorer Than You