What are Dave Ramsey's Baby Steps?
Dave Ramsey's' Baby Steps are: 1. $1,000 to start an Emergency Fund. 2. Pay off all debt using the Debt Snowball...
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About Debt
Debt is an obligation to pay someone back, either in money or other goods. Before the recession of 2008 and the financial meltdown, many people and corporations took on so much debt that their houses were foreclosed and their companies failed or had to be sustained by the government until they got back on their feet. (An example is General Motors.)
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