Financial Find: Dave Ramsey's 7 Baby Steps

Forget everything you know about money-management plans. With Dave’s 7 Baby Steps, you don't need a degree in finance to take control of your money. Anyone can do it! With each step, you’ll change how you handle money—little by little.

I have learnt about a number of different methods on growing your wealth. I have identified a few patterns:

1. emergency fund - should be first or second on your list to do and the amount ranges between $1000 to 3 months of income:

2. Pay your debt off first - the debate is whether you pay off the debt with the highest interest rate or the lowest $ debt.

3. Invest - to build wealth. Compounding effect of money.