I'm sure you have heard of Dave Ramsey and if so, you may have heard of his concept of the 7 baby steps. In this video I am going to break this concept down for us South Africans so we can effectively use his framework to achieve financial freedom.

Where ever you are in your financial journey or if you want to start today then this video will teach you what you need to know, with strategies and recommendations and a step by step guide using a proven framework that works! This is a video that I wished I had 5 years ago, and I truly believe it will help you to get on the right financial path/learn more about the process to financial freedom. Please feel free to let me know if you have any questions in the comments and share with anyone close to you who may be interested.

Timestamps:
00:00 Baby steps are international
00:45 Baby step 1 - save R15 000
02:15 Baby step 2 - pay off debt
02:36 Debt snowball method example
03:09 Debt avalanche method example
03:54 Baby step 3 - fully funded emergency fund
04:43 The 3 to 6 month rule
06:05 Baby step 4 - Invest 15% of your income
08:01 Baby step 5 - Save for your children's university
08:19 Baby step 6 - Pay off your home/mortgage
08:38 Baby step 7 - Build wealth and give
09:15 Money management system


Disclaimer: Please remember this isn't financial advice, you are responsible for your own investment decisions and I encourage you to conduct your own research first and seek the advice of a financial advisor where necessary.
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