Baby Step #7: Build Wealth & Give!
Now we're where we've been working toward all along - that point where you don't owe any debts to anyone, your home is paid off, and you can use your resources in any way you want to. This might include early retirement (or not...why not keep working and squirreling away more money for the future?), being able to give to your favorite charity as you wish, travel the world, buy that dream car that you wouldn't have dared buy yourself earlier....the opportunities are only limited by your own dreams and imagination. This isn't where you go crazy and blow all your money, since you've been financially responsible to this point, but you do deserve to live life to its fullest. Dave Ramsey says this is Baby Step #7 and it's the end of the journey because it goes on as long as you do!