Dave Ramsey is a personal finance expert and is most well known for his 7 baby steps to help you get out of debt and take control of your money. While these steps have helped millions of people, they are not perfect. Below I’ll walk through the pros and cons of Dave Ramsey’s Baby Steps and provide some alternative options along the way.
Before diving in, I want to put on the record that I agree with most of what Dave Ramsey has to say when it comes to personal finance, and I think he’s helped a ton of people throughout his career. I even included his book, The Total Money Makeover, in my list of the best budgeting books.
Getting out of debt, investing for retirement, and having a handle on your finances are all great things, and all are things that Ramsey recommends.