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Dave Ramsey Plan

I been slackin on My FPU (Financial Peace University) post. So here is a nice little update as much as I can fill in before I hit the sack (tired).

Last week was my final FPU class. It was a lotta fun, we had a big pow wow bbq. Our instructor was able to update us on how well we had done in the 14 week period. When we started, the class had a combined total of $530,000 in debt. In 14 weeks the class had paid off $87,000 in total (ie credit cards, cars, other stuff) We also managed to save $25,000 in emergency funds!! Go class!! Mind you we all started with about 0 dollars in the bank (including me) I was able even after all the set backs to save about $1,500 which feels good to have money in the bank even though its not much. I am so proud of my class, my instructor said he didn’t even expect for everyone to do so good but yea we showed him. Anyways another class will be offered this summer and I will be helping out with some of the sessions which I am going to love love love!!

The class really has put me on a path to success, today I told someone I was going to retire at 35 there response was “good luck” Honestly I won’t retire I just won’t be working where I currently work, I plan to be fully committed to the realestate industry which I can make my own hours and it will be what I love doing.

Since I have been successful I have been telling more people (Without beating them over the head with it) how well the program has worked for me. I brought a book for my tenant and I am passing around the TMMO book my mom gave me for christmas. I swear you have to fight with people to get stuff back sometimes, thats why if somebody ask me for a book I would hope to in the future be able to give it as a gift and if they read it or not thats on them. Most people have had good responses and some not so sure, but I guess I can’t win every battle I just have to show n tell.

Over all I just want to let people know this program is not just about getting out of debt its about planning your future. Up until now all I saw for myself was me working a 9-5 trying to keep current on bills and pray I live to retire. Now I don’t even worry about what my next 5-10 years will be like because I am excited. I see myself being a finance teacher and realtor. My house will be paid off and I should be making somewhere around $50,000 and doing some extensive traveling with my boo (non existent right nah). Now thats not a lot but if I have not one bill (not even a house payment) then 50k starts looking good. I may even save up for my dream wedding lol. Point is I think I will be much happier without bills looming over my head.

Dave’s plan works even if you have no debt, You might have no debt but have no savings of any kind. Or maybe you need to plan start planning for retirement or to make your first home purchase. Maybe you have money to invest and don’t know how to. What ever it is there is something in the program everyone can benift from even something as small as knowing about Insurance.

I am going to try to make sure I update people on how well or not so well I am doing. There will be and have been set backs but now I am fully prepared to deal with them as they come, at least financially which makes it a bit less stressful.

Mikki

P.S

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