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The Street
The Street
Tony Owusu

Dave Ramsey Has 5 Easy-to-Use Tips to Help You Build Wealth

Personal finance guru Dave Ramsey isn't extremely active on social media, but when he does tweet, he utilizes the short-form platform to give succinct financial advice. 

On April 28, Ramsey kicked his short-form financial advice to the next level with a tweet listing five bullet points that will make a person wealthy. 

  • Have a written budget
  • Get out of debt
  • Live on less than you make
  • Save and invest
  • Be generous

DON'T MISS: Dave Ramsey has Frank Straight Talk For Woman on Buying a Home

Seems simple enough, though people who have followed these tenets and aren't wealthy may suggest that there is more to the equation.

Ramsey's website provides a more in-depth look at his thoughts on the subject, but the blueprint remains the same: follow those five rules and wealth is in your future. 

"Trips to visit grandkids, travel adventures and family celebrations at your paid-for home. That’s the kind of retirement many Americans dream about," according to Ramsey. "You don’t have to earn six figures to turn this dream into a reality. But you do have to live and plan today with that goal in mind."

Budgeting is a big one. Ramsey's own survey found that 93% of millionaires say they stick to the budgets they create.

Meanwhile, he says, trying to save and invest while you're still in debt is like running a marathon with your feet chained together. 

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