- What Are The 7 Baby Steps?

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You win with money the same way you learn to walk - one step at a time. That's where the 7 Baby Steps come in. Learn to save for emergencies, invest for retirement, and build wealth with these proven steps.

Here's the process:

  • Baby Step 1: $1,000 starter Emergency Fund in the bank.
  • Baby Step 2: Pay off debts smallest to largest with the Debt Snowball.
  • Baby Step 3: Fully funded Emergency Fund of three to six months' worth of expenses.
  • Baby Step 4: Invest 15% of pre-tax income into retirement.
  • Baby Step 5: Invest for kids' college savings.
  • Baby Step 6: Pay off the house.
  • Baby Step 7: Build wealth and give a bunch of it away.

For a more detailed look at the Baby Steps, check out this article "How to Win with Money in 7 Easy Baby Steps."