http://www.stevegjohnson.com/wp Wed, 27 Jun 2007 00:01:52 +0000 http://backend.userland.com/rss092 en You have been winning with money. You have paid off all your debt and also built an emergency fund. We have been taking baby steps. Remember, this is not a get rich quick scheme. The best way to get rich is to get rich slowly. Half the battle has already been ... http://www.stevegjohnson.com/wp/2006/08/11/invest-15-percent-in-retirement/ Before you get to step three, you should breathe a sigh of relief. By this time you will be debt free, except the house (if you own one). You will have no payments and $1000 in an emergency fund. Now that the debt is paid off the next step is to ... http://www.stevegjohnson.com/wp/2006/07/20/finish-emergency-fund/ So how do you get the debt snowball rolling? You need to get intense. Do you really want to be debt free? Are you sick and tired of being sick and tired? Are you willing to make sacrifices? You should have said yes to all three questions in order to ... http://www.stevegjohnson.com/wp/2006/07/11/debt-snowball-continued/ Now that you have your $1,000 saved we are ready to pay off the debt. The process is simple, but requires a huge amount of effort. First, list all your debts in order of smallest balance to largest, except for the house. Paying off the house will be another step. ... http://www.stevegjohnson.com/wp/2006/07/10/debt-snowball/ So what do you do when you have created a budget and are ready to tackle your debt? The first step in this process is to save $1,000 to start an emergency fund. You may have thought that paying off the debt would be the first step. We will get to ... http://www.stevegjohnson.com/wp/2006/07/08/save-1000/ Dave Ramsey talks about seven "baby steps" to financial freedom. You need to crawl before you can walk. Walk before you run. There is no quick way out of debt and no quick way to become wealthy. I learned the hard way about "get rich quick" schemes. I fell for these ... http://www.stevegjohnson.com/wp/2006/07/07/create-a-budget/ April and I have already taken the first step in eliminating debt, realizing that there is a problem. We have even gone through the denial phase thinking that we were on the right track to pay off our debt. We were wrong. Money is the number one reason for divorce and ... http://www.stevegjohnson.com/wp/2006/07/06/facing-the-debt/ I have made updates to my site. Post titles are now clickable as the permanent link The time of the post has been included in the date Each post has been filed under a specific category Categories have been added to the home page I hope the changes make navigating my website easier. http://www.stevegjohnson.com/wp/2006/07/05/categorized-posts/ Hope those of you living in the US had a great holiday weekend. It is always nice to take a break and relax. Let me first make a correction in my previous post. I stated that it has been two years since my wife and I used a credit card. Actually ... http://www.stevegjohnson.com/wp/2006/07/05/debt-details/ Starting next week this site will be updated almost daily. I say almost because life gets busy and I will make an attempt to write everyday. Since this weekend is a holiday weekend I will not make updates. So why am I going to start writing daily? Since I started writing ... http://www.stevegjohnson.com/wp/2006/06/30/daily-updates/