Recommendation - Dave Ramsey and his Baby Steps to Financial Flexibility and Peace

As I continue to work on my finances and best methods/practices to share with everyone. I've come across a pretty awesome strategy for managing your finances and getting ahead of the game. The guy's name is Dave Ramsey and his method is called the baby steps. It is a very conservative unsexy way of managing finances, but I can definitely agree with it, and comfortable enough to share it with the group. For me, it is a simple, clear, and low risk. So I thought I'd share.

His approach to finances is quite simple. Get out of debt, stay out of debt, save, invest and give. I love these principles and it aligns very closely with what I do, and have been on track to do. So here's his strategy in detail.

Baby Step 0: Build a detailed written budget and follow it!
Baby Step 1: Save up a mini emergency fund of $1000
Baby Step 2: Wipe out all debt, but your home mortgage. (He wants you to get nuts and wipe it out quick.) Use the snowball method. Knock out the lowest debt first and pay min. on the others.
Baby Step 3: Build a fully funded (3-6 months of expenses) emergency fund. This sits in a savings account (I know it hurt me to not put it in stock or real estate, but it feels good) and acts as an emergency shoot.
Baby Step 4: Invest at least 15% of your income in retirement accounts
Baby Step 5: Save for kids college (or your own)
Baby Step 6: Pay off your mortgage early
Baby Step 7: Grow your wealth and give.

I love this simplicity as a base for financial planning and strongly recommend it. Now, Dave's politics lean more conservative and he's religious, but it doesn't get in the way of the clear logic, simplicity and proven success of these methods. If you have an issue with those ideals, please do look past it or go forward with an open mind when watching any of his videos on youtube.

I hope this post was helpful and keep kicking butt in life! Have you done this process, or do you have a better approach? Would love to hear your thoughts!