10 Reasons Why Millennials Like Dave Ramsey’s “Old School” Method

I got my first subscription to Money magazine (something I have been wanting for a few years now.) Imagine my excitement when I saw my favorite financial guru, Dave Ramsey on the front cover. The title read something like, “Why Millennials are Flocking to Dave Ramsey.” I read the article and really got to thinking…why is it that Dave Ramsey has gained such popularity and momentum specifically with my generation, the millennial generation? Dave Ramsey is known notoriously for his no-nonsense, old school approach, yet millennials are thought to be very “new age” and technologoy obsessed. Well, call me crazy, but I’ve come up with 10 reasons as to why millennials like Dave Ramsey’s old school ways…or at least why I know I do.

Dave Ramsey’s Baby Steps and How to Execute Them

For those of you who haven’t heard yet, enrolling in Dave Ramsey’s course Financial Peace University was one of the best decisions I had ever made. I finally reached the point in life where I craved financial freedom but I still had no idea how to execute it. Previously I had lived with a scarcity mindset in which I thought paying for a course when I was already financially struggling was a stupid idea. The truth is, if I would have shelled out the $80 years ago I would have wound up savings myself thousands of dollars in debt. Hindsight…right? While there is no way I could fill you in on everything Financial Peace University has to offer, I do want to share with you Dave Ramsey’s Baby Steps and how you can execute them at home. Even after you know these steps, I still recommend enrolling in the course as there is much to learn!

Debt Snowball Helped Us Pay off $6,000 of Debt in 6 Months

You may or may not have heard of Dave Ramsey’s Debt Snowball, but if you have, believe me, you’re going to want to hear how we managed to make the snowball even faster. In just 6 months, we were able to pay off over $6,000 worth of debt! If you had told me 5 years ago that I would be able to put $1,000 per month toward debt I would have told you you were crazy. We were living paycheck to paycheck. There was no way. Here’s the breakdown of how we made it happen and how you can too.