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Many of you have probably heard of Dave Ramsey and his company, Ramsey Solutions.  Their mission is to help people regain control of money, build wealth, grow their leadership skills, and enhance their lives through personal development. The company's success is defined by the number of people whose lives are changed by a message of hope. Ramsey Solutions uses common sense education to empower people to win at life and money. 

Dave Ramsey is probably most well-known for his 7 Baby Steps to financial freedom.  As a Dave Ramsey Consultant, I thought it would be beneficial to share those Baby Steps, along with a few other great tips, so that you can modify these for your specific needs.  Should you need any further advice, please contact us at 417-823-7171.
7 Baby Steps
  1. Start by saving $1,000 to put in an emergency fund - if you don't already have it, then do it QUICKLY!  Saving must become a priority if you truly want financial freedom!  This money will be available for emergencies ONLY!  To successfully complete this baby step, we strongly recommend that you do a cash flow plan each month.  If you take your income, then take out for saving and giving and subtract your expenses, it should equal 0.
  2. Debt Snowball - you do NOT need to go into debt!  If you are in debt, organize it from smallest balance due to largest balance due (do not include your mortgage payment in this step).  Pay off the smallest debt completely first while paying the minimum on the others.  When the smallest debt is paid off, add the amount you had been paying on that to the next smallest and pay that off.  Continue until everything is paid off.  This is called the Snowball effect.  IT WORKS!
  3. Next, save 3-6 months of expenses - build that emergency fund up from $1,000 to what would be 3-6 months' worth of your expenses.  This will take some time and that is okay - just don't stop working towards it!
  4. Invest 15% of household income.  Keep your investments simple.  Find an investment advisor with the heart of a teacher. Be sure to diversify your investments.
  5. Once you have completed steps 1-4, you will have NO debt, a healthy savings account and a great start on investing.  The next step is to save for college - yours, a child's or maybe even a grandchild. You've got money now to do that!
  6. Although it may feel like you should have started this earlier, it makes sense to wait until now to pay off that mortgage!  You won't have any other bills each month so this can happen easily!  And just think, once it's done, you won't have ANY bills each month and your entire income can to go step 7.
  7. Build wealth and give a bunch away!  Sound like fun?  It may seem like an impossibility now but it's not!  You can do it and we can help!  It just takes baby steps! 
I hope that you found this article helpful in kickstarting your own financial freedom. If you or someone you know needs help, please contact Abacus CPAs by calling 417-823-7171.

Beth Schulte
Dave Ramsey Consultant
Abacus CPAs, LLC

On the Road Recipes!
Slow Cooker Ranch Pork Chops

4 boneless pork chops
1 can of cream of mushroom soup
1 Ranch Seasoning dry packet

Put all the ingredients in your slow cooker and mix well.  Cover and cook on low for 4-6 hours.

Below are the clients with whom we are celebrating a big anniversary of working together!  We appreciate you and your continued trust in us!

5 Years
Richard Banul
Michael Barber III
Michael Burroughs
Raymond Hole
Michael Jeffries
Johnnie Lewis
Anthony Lopez
Alvaro Magalhaes
Derrick McQueen
John Peters
Bennett Smith
Rickey Carneil Thomas
John West

15 Years
James Duff