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Financial Education with Dave Ramsey: Transform Your Money Mindset

Learn from Dave Ramsey's practical advice and simple strategies to improve your financial situation. Discover the importance of budgeting, saving, and avoiding debt through his courses, books, and live events.

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Financial Education with Dave Ramsey: Transform Your Money Mindset

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  1. Dan James Dallas Center – Grimes HS

  2. Daveramsey.com

  3. Who is Dave Ramsey? • Host of Dave Ramsey Show • Straight answers; keeps it simple • Author of Multiple Books • Total Money Makeover; Financial Peace University • Financial Peace University • 13 week course for adults • Others • Entre Leadership, Live events, HS Curriculum

  4. Pick your Future?!Example A • 35 years old; Married and 2 kids • 2 car loans • $50,000 Student Loan Debt • Boat (with a loan on it) • No college savings for kids • Roth IRA – each put in $100/month • Emergency Fund – What is that? • Revolving Credit Card Debt of $3000

  5. Example B • 35 and married with 2 kids • No Student Loan Debt • You drive PAID for Cars • Your home is paid off – NO MORTGAGE • Max out Roth IRA (currently $5000/yr) • Monthly contributions to kids college • You have a boat – just no loan • 6 months emergency fund • No Credit Card Debt – (Don’t even have one)

  6. Society tells us…. • Always have a car payment • Extend the Mortgage out – need tax break • Compete with friends/neighbors • NOW – we don’t think of retirement

  7. Ramsey tells us • Pay cash for cars • No credit cards • You don’t have to worship FICO score • Mortgage – is it a great tax break – NO! • Save $ • Live on less than you make • Set up a monthly budget

  8. Debt Free Friday • Callers call in to show and share their stories of becoming debt free • Students love it. They may not totally understand sacrifices made but starts some very good conversations • My favorite one!

  9. The Curriculum • Videos http://www.daveramsey.com/school/foundations-samples/ • Workbook • Worksheets • Tests and quizzes • State Standards and Benchmarks • Daveramsey.com/school/foundations-standards/ • Increased our numbers in class

  10. Dan Jamesdjames@dc-grimes.k12.ia.us

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