Dave Ramsey: Wealth Building and College Savings

Watch Dave Ramsey: Chapter 3, Part 4 (Social Security) and answer the following with Microsoft Word:

1. Why should you plan for retirement and NOT rely on Social Security? (1 paragraph)
2. Baby Step 1 is _______________ in the bank. 
3. Baby Step 2 is ___________  ____________.
4. Baby Step 3 is ________________ months of expenses in an emergency fund.
5. Baby Step 4 is investing ____% of your household income in both ____ ____'s and pre-tax __________ plans.

Watch Dave Ramsey: Chapter 3, Part 5 (Save for College) and answer the following with Microsoft Word:

1. Baby Step 5 is: ________________________________________________.
2. Never save for college using ______________________________________.
3. Never save for college using _____________________ bonds.  (Only earns 5-6%)
4. Never save for college using _________________ tuition.
5. Save for college by first using Education Savings Accounts (ESA), nicknamed "Education _________."
6. You may save $________ (after tax) per year, per child, that grows tax free.  So if you start when your child is born and save $2,000 a year for 18 years, you would only invest a total of $________, but at 12% growth your child would have $___________ for college.  TAX FREE!

Advance video to 8:00.

1. Never save for college using _________________.
2. Never save for college using ______________ bonds.  (Only earns 5-6%)
3. Never save for college using _____________ tuition.

Bonus Video:

1. _____________ tuition is cheaper than going to a school _______________.
2. What are some ways someone could go to college if they don't have a savings account to pay for school?  (1 paragraph)