Dave Ramsey's Baby Step #4: Invest 15% of Household Income Into Retirement | FrugalChicLife

Here is my Video for Baby Step #4 My most recent video: Call for Questions! There is still time to post your questions for me! https://youtu.be/Ft14Mu0R7K4 September 2015 Budget Report Card & Grocery Challenge Update https://youtu.be/WUXo7KkrsHY Student Loan Debt https://youtu.be/y8nMTY0CjNk Tags: Dave Ramsey Baby Step Series #LLNOE Total Money Makeover Debt Freedom Debt Free LiveLikeNoOneElse Frugalchiclife Debt Credit Retirement Retirement Planning 401K 403B Financial Freedom Financial Independence Roth IRA IRA Individual Retirement Account Debt Is Dumb Simple Living Debt Free Journey Personal Finance Finance Credit Investment Gazelle Intense Budgeting How to Budget

Comments

1. The kids can go out and work to help fund their college degree. IF they want to go .
   
   I now work at Aldi. And as long as I have a job I am succeeding in life.
   I don't want or have no desire to have a higher education at university level.
   
   We have a great super scheme here in Australia. Dosnt matter what superannuation fund you are with. Your employer MUST by law contribute I think it's 5-8% the lowest and some companies contribute up to 12%
   
   Interestingly it's not a big deal if you do or don't go to college / University.
   Apprentiships are popular, as you can leave school at 16 work and earn money and at the end of the four years you'll go from minimum wage of $9 to fully qualified wage of $35 an hour.
   That time passes regardless.
   
   We have seen here too many highly educated people with no job market. And lack of trade workers and builders.
2. she pretty
3. Thanks for video.
4. I use the YNAB system and it has been working great for me. We grew up very poor as well
5. These are all such important things to be talking about. I love Dave Ramsey and have been working the baby steps for the past 3.5 years. Continue to share all this information so we can all grow together.
6. I had no clue about investing until this year I'm 35. I though only the rich invest. my HR rep at work advised me to put money in my tsp acct but I didn't put the match😵🔫 I had no clue how important that money was. 4 year passed then I put 5%. I saw how much I saved but made the mistake to borrow from my retirement. I thought it was normal everyone around me was doing it🙀. I can't wait to be debt free so I can start investing 15% and catch up.
7. You have a great channel. I enjoy listening to Dave Ramsey's radio show. But for us, Dave just isn't extreme enough! By that i mean we would not consider ourselves 'debt free' until we had fully paid off our mortgage as well as any other debt whereas he has people ringing up his show to do the 'scream' . The 'Beans and Rice' phase he talks about - well we do a version of that but as our whole lifestyle longterm and in a way that doesn't feel like deprivation. If i had to pick a financial 'guru' i agree with most it would be Mister Money Moustache. We officially paid off our house this week (which we did in just over a year) and i'm pretty happy about that at 30 years old. We will be completely debt free as soon as the investment property we have on the market sells and have worked out we can be completely financially independent in about 10 years time from share investments.
   
   One thing i do like in general is that in the US (i'm in Australia) talking about money and celebrating paying off debt seems so much more socially acceptable to talk about in public (at least i get that impression from the radio show). Here is is a bit of a taboo subject. I feel like in real like i can't really even tell people we paid off our house as i feel like it makes other people who are in not such a good situation feel uncomfortable.
8. So true about the distractions, too bad that the 20's and 30's are the best time to put your money to work in retirement accounts. Hubby and I are retired and doing fine, but we would be in much better monetary shape if we had known about Dave Ramsey and investments earlier. We are doing fine because my hubby has a pension plan, I don't know what a lot of people are going to do. My Mom didn't have a retirement plan but she had 5 kids helping to support her, most people are not having a lot of kids anymore.
   
   Thanks for the video, very important information. Thumbs up! You can get loans for college but you can't get loans for retirement.
9. Are you saving for retirement??