The 7 baby steps for financial peace according to Dave Ramsey's website.
Get out of debt the same way you learned to walk—one step at a time.
1.) $1000 to start an emergency fund
2.) Pay off all debit using a debit snowball method.
3.) Build 3 to 6 months of expenses and savings
4.) Invest 15% of household income into Roth IRS's and pre retirement.
5.) College fund for children.
6.) Pay home off early.
7.) Build wealth and give.
He explain in detail how you should proceed. Problem with most people is that they fail to start, because they fear failing.
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