What is the final Baby Step in Dave Ramsey's financial plan?

The final Baby Step in Dave Ramsey's financial plan focuses on building wealth and giving generously. This step comes after a person has successfully completed the earlier phases of the plan, which include creating an emergency fund, paying off all debt, and saving for retirement.

Building wealth indicates that individuals have established a strong financial foundation and are now able to focus on increasing their net worth through investments and savings. Furthermore, the emphasis on giving generously highlights the importance of contributing to the community and supporting others once one's financial stability has been achieved. This step not only promotes personal financial growth but also encourages a mindset of generosity and social responsibility, illustrating how financial health can empower individuals to make a positive impact on society.

By understanding this final step, individuals can see the broader purpose of financial management beyond personal gain, which is to contribute to the welfare of others and leave a legacy of generosity.