Wednesday, August 5, 2009

Total Money Makeover Encouragement in the Babysteps

I've been rereading Total Money Makeover in order to stay focused and motivated. I'm on Babystep 2 (Pay off all debt except for mortgage). I've found a little inspiration. From TMMO:

Close your eyes and think about what it will be like when you reach this Baby Step (# 3)....When you reach this step, you have $1000 in cash and no debt except your home mortgage.

When I close my eyes and imagine what it will feel like to have a $1000 emergency fund and no debt except mortgage, I am flooded with emotion: relief, gratitude, hopefulness.

Thank you, Dave Ramsey!


jpkittie said...

that is great --- I just got his book to reread... now would that baby ef come before say like my small cc that will start to add interest by october? (the back interest would be $90 & then like $13 per month) balance is $670 -- thoughts????

Good luck!

Jennifer said...

We finally made it to BS3 and it does feel great! Looking forward to following your progress! :)

Danielle said...

Hi there! I found you via the Dad at I loved this motivational post. My husband and I are at the tail end of BS2 and it's really easy to lose sight of "the big picture" after you've been going at it for so long. This was a great reminder. Perhaps I should get our TMM book out and re-read it for some motivation as well.

~ D

RTC said...

jpkittie, I think Dave would say do the BEF first, but I'm not sure what I would do.
Jennifer, you guys did it!
Danielle, thanks for stopping by.

Anonymous said...


Good stuff.

BS0 - get (and stay) current on everything
BS1 - $1,000 FAST (garage sale, craigslist, working the street... :)
BS2 - Debt snowball

Does that answer your question?

the Dad