The Ryan Bakke Show cover image

The Ryan Bakke Show

013. The 7 Steps to Financial Freedom

May 30, 2022
11:08

Welcome to the LearnLikeaCPA podcast hosted by Ryan Bakke.

In this episode we talked about my 7 steps to financial freedom.

  1. Emergency fund (6-9 months of expenses)
  2. Health/Life Insurance covered
  3. Contribute to employer match on 401k, but no more
  4. Pay off high-interest debt
  5. Max out Roth IRA and HSA
  6. Pay off low-interest debt
  7. Invest 20% of your income

I believe these steps, in this order, are the best path toward financial freedom for MOST people. Be sure to think about your own situation, though, to make sure these fit your goals and your situation.

Let's connect!

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► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠


*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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