Key Takeaway
Becoming a millionaire is not about income — it is about behavior. Follow the Baby Steps consistently: get out of debt, build an emergency fund, invest 15% of income in retirement accounts, and let compound growth do the heavy lifting over 15-20 years.
The Review
Dave Ramsey's Baby Steps Millionaires is the companion to The Total Money Makeover, focused specifically on the wealth-building phase that comes after getting out of debt. Based on the National Study of Millionaires, Ramsey shows that his Baby Steps — when followed consistently — produce millionaires at a predictable rate. The book profiles real families who followed the plan from debt to seven figures and provides the specific mechanics of Baby Steps 4 through 7: investing 15% in retirement, funding children's college, paying off the house, and building wealth to give generously.
Book Details
Baby Steps Millionaires by Dave Ramsey
Published
2022
Pages
208
Rating
4.8/5
Copies Sold
500,000+
Get Glen's Musings
Occasional thoughts on AI, Claude, investing, and building things. Free. No spam.
Unsubscribe anytime. I respect your inbox more than Congress respects property rights.
Keep Exploring
Top 25 Personal Finance Books
See the full ranked list of the best personal finance books ever written.
Read moreTop 25 Investing Mistakes
The worst investing disasters in history and the lessons they teach.
Read moreBest Value Investing Books
The books that shaped the world's greatest value investors.
Read moreConsulting
Salesforce development, technical strategy, and systems architecture.
Read moreWins
Track record of wins across investing, building, and creating.
Read moreShark Tank Rankings
The best Shark Tank deals of all time, ranked by returns and impact.
Read more