Baby Step 7.0: Build Wealth & Give - … so now you can live like no one else!!

7.1 Giving over and above tithe.

7.2 Investing in paid for real estate and mutual funds.

7.3 Lifestyle and luxury increases.

7.4 Inheritance – Change your family tree.

Our future plan:

  1. Currently we give our tithe to our local church. There are miscellaneous offerings we give throughout the year and we are always blessed by those opportunities. I look forward to doing more of those things when we reach this step.
  2. How awesome would it be to be able to invest in things other than your retirement and college fund(s)! Invest in something that you care about, something that you are passionate about maybe.
  3. I really feel that once we have reached this point, 15-20 years down the line, that the experience we have will completely alter our views on lifestyle and luxury. I'm sure there will be some of increases, but that will not be at the top of our priority list.
  4. Just like Proverbs 13:22 says "A good man leaves an inheritance for his children's children,"

Missed a step? Here are all the previous posts from this series:

Dave Ramsey's Baby Steps - Expanded
Baby Step 0: Live like no one else…
Baby Step 1.0:Save $1,000 in Baby Emergency Fund (BEF)
Baby Step 2.0: Do debt snowball, paying all your debts from lowest BALANCE to highest

Baby Step 3.0: Save 3-6 months EXPENSES in a Fully Funded Emergency Fund (FFEF)
Baby Step 4.0: Start Contributing 15% of you paycheck to retirement
Baby Step 5.0: Save for kids college fund
Baby Step 6.0: Pay off house EARLY

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