Episode 134 - Dump on Dave: Criterion's Critical Analysis of Dave Ramsey's 7 Financial Baby Steps

Today hosts Braden Cheek, Brian Duck and Joel Thompson focus their attention on popular financial guru Dave Ramsey, taking a critical analysis of what works and what doesn't work from his advice. Time Stamps: 0:00 - Introduction 2:20 - Criterion's cold plunge challenge - follow the rules in the description below for your chance to win $100! 4:30 - Cryptocurrency update! 5:34 - Introduction to Dave Ramsey and his financial advice. 9:06 - Dave Ramsey's Baby Step 1: Save $1,000 in an emergency fund. 10:12 - Dave Ramsey's Baby Step 2: Pay off all debt except the house. 11:14 - Dave Ramsey's Baby Step 3: Save 3 to 6 months of expenses in an emergency fund. 13:29 - Dave Ramsey's Baby Step 4: Invest 15% of household income in a retirement account. 15:52 - Dave Ramsey's Baby Step 5: Save for children's college fund. 20:17 - Dave Ramsey's Baby Step 6: Pay off your home early. 22:27 - Discussion on the concept of positive leverage in real estate. 28:56 - Questioning the idea of waiting until age 65 to achieve financial freedom and the importance of time in financial planning. 33:15 - Discussing the analogy of income as a waterfall and the importance of increasing your income source rather than focusing solely on savings. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290 Leave a review and win FREE MERCH! https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list