“Once you're married to combine your finances and have an emergency fund of $1,000 and everything above that goes towards your student loans”
The Ramsey Show · You Can’t Build Wealth in Financial Chaos
Play from 24:01
24:01
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What was described
Set an emergency fund target of $1,000, then direct all additional cash flow to paying off student loans
$1,000 emergency fund; all surplus to loans
Said nearby on the same subject
“Then our reason for living, then if we can now pay the car off, that zero a week, we go back to this cash flow, there's an extra $269, and then we just do the $850 a week that we were paying on the car that goes direct into savings, and then within two years, we have effectively, so $850...”
GJ
Glen James
WWGD with Glen James ·
How they work$850 weekly; $88,000 in about two years; target $100,000Share this moment
“We use $200,000 to pay down the home loan… then we take out a $200,000 loan and use that to invest… that $200,000 loan becomes tax deductible”