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Dave Ramsey’s Seven Baby Steps

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7 Basic Rules of Negotiating- Dave Ramsey

Salesmen are always out to get your money, especially car salesmen. Use the rules to the left to learn how you can get the best deal for your money.

Always tell the absolute truth   

Use the power of cash: cash is emotional, visual, and has immediacy   

Use “walk away” power   

Shut up (Silence) - don’t say anything to the salesmen

Use the phrase “That’s Not Good Enough”   

Good guy, Bad guy  

The “If I Take Away” Technique   

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1.  $1,000 for an emergency fund

2.  Pay off all debt using the Debt Snowball

3.  Finish emergency fund (3-6 months expenses in savings)

4.  Invest 15% of household income in Roth IRAs and pre-retirement saving plans

5.  College Funding

6.  Pay off home early

7.  Build wealth and give

Start Your Own Online Business

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An online business is an easy way to make money because of the vast number of producers and consumers that buy and sell online. It is very easy to start your own business. I have a few stores that are powered by eBay, eCrater, iOffer, and an ecommerce script. As you know, in order for a business to make money, it  needs to spend money. Where do most businesses get this money? Most get if from loans which they must pay back later with interest. So they are paying more money than they originally borrowed. However, there is a way to start an online business with no initial money. It may be hard to start at first, but once you get the hang of, it all pays off. This is called drop shipping.

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