Forget everything you know about money-management plans. With Dave’s 7 Baby Steps, you don't need a degree in finance to take control of your money. Anyone can do it! With each step, you’ll change how you handle money—little by little.
I have learnt about a number of different methods on growing your wealth. I have identified a few patterns:
emergency fund - should be first or second on your list to do and the amount ranges between $1000 to 3 months of income:
Pay your debt off first - the debate is whether you pay off the debt with the highest interest rate or the lowest $ debt.
Invest - to build wealth. Compounding effect of money.
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