ICR146: Dave Ramsey's Seven Baby Steps

In episode 146 of Informed Choice Radio, Martin reviews Dave Ramsey's seven baby steps to financial freedom.

There is also a roundup of the latest personal finance news and an update from the world of Informed Choice.

Dave Ramsey's Seven Baby Steps

Dave Ramsey is an American personal finance guru, author, radio host, TV personality and motivational speaker. He has a syndicated radio programme and YouTube show, The Dave Ramsey Show, and has written several New York Times bestsellers.

He likes to use financial rules of thumb to get his followers to take action, and his seven baby steps are all about simple steps for taking control of your money.

In this episode, Martin runs through Dave Ramsey's seven baby steps and explains how you can apply them to improve your own personal finances.

Personal finance news update

-Over a third of Brits are very or fairly concerned about being able to meet their financial commitments in 2017.

-The Financial Conduct Authority is urging over 55s to undertake the necessary checks when investing in financial products.

-Final salary pension schemes face a ‘tough’ year ahead in 2017, with many simple ‘treading water’.

-Two charities have been fined over data protection breaches, because they secretly screened the wealth of potential donors.

-The European Central Bank has extended its programme of quantitative easing until December 2017, albeit at a slower pace.

 Get answers to your personal finance questions

Do you have a personal finance or investing question for Martin?

Email martin@icfp.co.uk or ask on Twitter @martinbamford.

You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.icradio.co.uk/voicemail to leave an online voice message.

Our latest iTunes review

I heard about the Informed Choice podcast through the Meaningful Money podcast and have not been disappointed. In the last few months I’ve worked my way through around 125 episodes and have nearly caught up to the current episode. Packed with top quality interviews, personal finance news updates and a nice light hearted peak behind the scenes of Informed Choice.

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