Escaping Debt, Building Relationships, Best Financial Books | Life-Mastery Q&A

Stephen Scoggins answers questions on relationships, debt, and money books. He recommends Dave Ramsey's Baby Steps and the debt-snowball method: pay off your smallest debt first, then roll that payment into the next one. For reading, he endorses Ramsey's Financial Peace and The Total Money Makeover.
Questions this video answers
May 4, 2020
Financial Peace; The Total Money Makeover; Retire Inspired (Chris Hogan); Everyday Millionaire
Baby Step number two (use a debt-snowball: pay smallest debt first, then apply freed cash to the next debt)
Chapters
So today's question says, what is the most important thing when actually building better relationships? Well, the first thing that I think is probably the most important is an actual open mind. A lot of times when you sit down with your friends and your family members, you're more focused on what you want to say versus what they need to hear. And that kind of just leads us to the next point, which is making sure you have a listening ear that you're kind of ready to go with. I also think the number three thing is to be present, and that's something I'm actually still working towards. My wife would tell you that. So put the phone away, put down the controller, put down, doesn't matter if it's TV or game controller, but put it down and be present in the moment. And that's how I would answer how you actually take the time to build high quality, better relationships.
Okay, so today's question is, what financial experts or financial book would you recommend to get a great foundational future? Here's the thing. I know of nobody else on the planet better at getting out of debt than my friends over at Ramsey Solution. Dave Ramsey's Financial Peace University is by far the best program. So when it comes to financial matters, especially when it's the home finance or you're, you know, kind of getting to that place where you're trying to get to just get free before you start building wealth. I'm always going to recommend Dave's products and services. So he has something called an endorsed local provider which could be in your area. Search out your Dave Ramsey's financial endorsed local provider for your market. And in the meantime, you can check out a couple of his books. One is by Dave himself, actually two of them by Dave himself, which are Financial Peace and then Total Money Makeover. Both of those books are fantastic when it comes to actually building up and creating wealth and getting out of debt and all that kind of stuff. The other two books are going to be by one of his personalities and a good friend of mine, Chris Hogan, and Retire Inspired, and then his second one is Everyday Millionaire. All of those books I've read myself and I can't find a single bad financial principle in any of them. So if you want to get financially free, those are the services and the books I recommend. Until then, see you again. Take care.
So how do I get out of debt? Well, the easiest way, again, when it comes to financial stuff, is to follow my friends over at Ramsey Solutions. Dave Ramsey has something called the baby steps. And baby step number two is all about getting out of debt, and he uses the theology called a debt snowball. A debt snowball is the quickest way to get momentum. And essentially the short story of a debt snowball is nothing more than starting with your smallest debt, first paying that joker off and then taking the cash that you would have spent on other bills and then throw it at the next largest debt, right? So that's this debt snowball. Basically, as you go, you increase in cash, and as you're able to increase in cash, you're able to knock out debt at a quicker passion, quicker fashion. So when it comes to getting a debt, Dave Ramsey's Baby steps. Baby step number two Build yourself a debt snowball. Hey guys, I hope you enjoyed this week's Life Mastery Q and A video. We're doing a new Q and A video every single Monday, and if you have questions you'd like answered, simply leave a comment with your question below this video or email us@questionsuryprinciples.com and if we use your question, we'll send you a free gift. Just to say thank you.
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