Which Baby Step in Dave Ramsey's plan is focused on paying off your home early?

The focus of Baby Step 6 in Dave Ramsey's plan is on paying off your home early. This step comes after fully funding a retirement account and building wealth through investing. By this stage, individuals who have followed the plan have usually addressed their debt and established a solid financial foundation, allowing them to prioritize paying off their mortgage.

The idea behind this step is to achieve true financial freedom by eliminating all debt, including the home loan. Paying off the mortgage not only reduces ongoing monthly expenses but also provides a sense of security and peace of mind, knowing that you own your home outright. This aligns well with Dave Ramsey's philosophy of living debt-free and being able to give generously without the burden of monthly payments.

Other steps in the plan focus on building emergency funds, saving for retirement, and investing, which are all important but do not specifically target mortgage payoff as Baby Step 6 does. Therefore, this step plays a critical role in achieving overall financial well-being and completes the comprehensive approach to financial independence.