Although many things apply to what we preach on the blog (such as the emergency fund, that Dave Ramsey is $ 1,000) his book is focused on people living in the U.S., where taxes, IRS, 401k, Roth IRA are common terms for Latin America but are not applicable. Hear other arguments on the topic with Gavin Baker. However, his Debt Snowball ” if I find interesting. According to Dave, to implement the Debt snowball (translated as a Bola of Snow Deudasa ) should: 1. List all our debts (excluding mortgages) of a much smaller amount of debt. 2. Paying the minimum on all debts except the one with the lowest balance. 3. Place everything you can, even the smallest amount (if a single ticket or coin, aspire!) To the smallest debt. 4. When you finish paying the smallest debt, do not change the amount you use to pay debts, but starts the process again, paying the minimum on all debts at least in the ranks of being the smallest debt.