The Minority Mindset Show

My Thoughts On Dave Ramsey's 7 Baby Steps In 2024 (DOES IT WORK?)


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“Ramsey says avoid all debt. Kiyosaki says use debt to get rich. Who’s right?”

In this episode, Jaspreet shares his personal experience testing out Dave Ramsey’s 7 Baby Steps—what worked, what didn’t, and how to adapt them for your own goals in 2024.

  • The key difference between Ramsey and Kiyosaki’s approach to building wealth
  • Why a $1,000 emergency fund might not cut it anymore
  • Which debts you should actually pay off first—and why
  • What Jaspreet did instead of opening a 401(k)
  • Alternatives to college funds that build wealth and flexibility for your kids
  • When it makes sense to pay off your mortgage early—and when it doesn’t
  • How to follow the baby steps without living a boring financial life
  • Whether you want peace of mind or aggressive wealth-building, this breakdown will help you personalize the path—and avoid blindly following advice that doesn’t fit your vision.

    Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market

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    Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or a podcast).

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    The Minority Mindset ShowBy minoritymindset

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