{"id":57704,"date":"2025-07-11T20:04:12","date_gmt":"2025-07-11T20:04:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/57704\/"},"modified":"2025-07-11T20:04:12","modified_gmt":"2025-07-11T20:04:12","slug":"4-things-dave-ramsey-gets-right-about-building-wealth-in-2025","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/57704\/","title":{"rendered":"4 Things Dave Ramsey Gets Right About Building Wealth in 2025"},"content":{"rendered":"\n<p class=\"yf-1090901\">In the realm of financial influencers, many recognize the name Dave Ramsey. Ramsey began helping people iron out their <a href=\"https:\/\/www.gobankingrates.com\/money\/financial-planning\/money-management\/?hyperlink_type=manual&amp;utm_term=incontent_link_1&amp;utm_campaign=1310165&amp;utm_source=yahoo.com&amp;utm_content=1&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:money issues;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">money issues<\/a> in 1992 by founding the company Ramsey Solutions.<\/p>\n<p class=\"yf-1090901\"><strong>Check Out: <a href=\"https:\/\/www.gobankingrates.com\/\/money\/wealth\/suze-orman-top-tip-building-wealth-easy-one\/?hyperlink_type=manual&amp;utm_term=related_link_1&amp;utm_campaign=1310165&amp;utm_source=yahoo.com&amp;utm_content=2&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Suze Orman\u2019s Top Tip for Building Wealth Is a \u2018Very Easy One\u2019;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Suze Orman\u2019s Top Tip for Building Wealth Is a \u2018Very Easy One\u2019<\/a><\/strong><\/p>\n<p class=\"yf-1090901\"><strong>Read Next: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/things-you-will-be-happy-you-downgraded-in-retirement\/?hyperlink_type=manual&amp;utm_term=related_link_2&amp;utm_campaign=1310165&amp;utm_source=yahoo.com&amp;utm_content=3&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:7 Things You&#039;ll Be Happy You Downsized in Retirement;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">7 Things You&#8217;ll Be Happy You Downsized in Retirement<\/a><\/strong><\/p>\n<p class=\"yf-1090901\">With over 30 years of Ramsey giving financial advice on wealth building, here are four things that <a href=\"https:\/\/www.gobankingrates.com\/money\/financial-planning\/brilliant-money-tips-from-dave-ramsey\/?hyperlink_type=manual&amp;utm_term=incontent_link_2&amp;utm_campaign=1310165&amp;utm_source=yahoo.com&amp;utm_content=4&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:have stood the test of time;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">have stood the test of time<\/a>.<\/p>\n<p class=\"yf-1090901\">Wealth building doesn\u2019t happen by luck. You need a strategy for financial success, and Ramsey has said that strategy is a budget. Ramsey recommended <a href=\"https:\/\/www.gobankingrates.com\/saving-money\/budgeting\/budgeting-guide\/?hyperlink_type=manual&amp;utm_term=incontent_link_3&amp;utm_campaign=1310165&amp;utm_source=yahoo.com&amp;utm_content=5&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:creating a budget;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">creating a budget<\/a> by following these steps:<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>List your monthly earnings:<\/strong> Write down any money that you have coming in, including paychecks, side gigs and passive income.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>List your monthly costs:<\/strong> Track your spending over several months to determine your fixed and variable expenses. Don\u2019t forget to include savings, investments and debt payments.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Subtract your costs from earnings:\u00a0<\/strong>If your total isn\u2019t zero, you\u2019re either overspending or you haven\u2019t given every dollar a job. With a positive number, add extra cash toward a goal. With a negative number, cut spending or find a way to increase your income.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Track your spending:<\/strong> Whether you use an app or pen and paper, keep track of where your money goes. Look at the trends and strive for improvement.<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>Learn More: <a href=\"https:\/\/www.gobankingrates.com\/money\/financial-planning\/financial-advisor-my-wealthiest-clients-do-these-things\/?hyperlink_type=manual&amp;utm_term=related_link_3&amp;utm_campaign=1310165&amp;utm_source=yahoo.com&amp;utm_content=6&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:I\u2019m a Financial Advisor: My Wealthiest Clients All Do These 3 Things;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">I\u2019m a Financial Advisor: My Wealthiest Clients All Do These 3 Things<\/a><\/strong><\/p>\n<p class=\"yf-1090901\">Building wealth just isn\u2019t possible if you\u2019re in debt. Ramsey pointed out that the best resource you have for building wealth is your income, and if your income is only going toward paying off what you owe, you\u2019ll never get anywhere.<\/p>\n<p class=\"yf-1090901\">Over the years, Ramsey has been adamant about using one of two methods to get out of the red. The <a href=\"https:\/\/www.gobankingrates.com\/net-worth\/debt\/the-fastest-ways-to-pay-off-debt-in-2025-according-to-rachel-cruze\/?hyperlink_type=manual&amp;utm_term=incontent_link_4&amp;utm_campaign=1310165&amp;utm_source=yahoo.com&amp;utm_content=7&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:debt snowball method;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">debt snowball method<\/a> works by helping you gain momentum and a sense of accomplishment as you pay down your debt. To do this, list out all of your debts from largest to smallest. While you must make the minimum payments on each debt, you\u2019ll put more toward the smallest until it\u2019s gone completely. Then use all of the money you\u2019d regularly put toward the smallest debt toward the next smallest and watch your debts disappear.<\/p>\n<p class=\"yf-1090901\">Similarly, the debt avalanche method works by listing your debts by interest rates. You\u2019ll pay off the highest interest rate first and then move on to the second highest. It may take time to feel the momentum building with the avalanche method. However, paying off the highest interest rate first will save you money in the long run and mean having more to contribute to what you owe.<\/p>\n<p> Story Continues <\/p>\n<p class=\"yf-1090901\">A point that Ramsey, as well as many other personal finance experts, has been adamant about is spending less than you make. In Ramsey\u2019s long history of helping others, he\u2019s met people who make as little as $30,000 a year but manage to save money. They can do this by being intentional about where and when they use their money. Similarly, he\u2019s met people who make $130,000 annually and are always stuck in debt because they overspend. Being able to <a href=\"https:\/\/www.gobankingrates.com\/saving-money\/savings-advice\/how-to-stop-impulse-buying\/?hyperlink_type=manual&amp;utm_term=incontent_link_5&amp;utm_campaign=1310165&amp;utm_source=yahoo.com&amp;utm_content=8&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:control your spending;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">control your spending<\/a> and stick to your budget will help you build wealth that lasts.<\/p>\n<p class=\"yf-1090901\">Ramsey has long encouraged people to start planning and setting retirement goals from a young age. You can start saving by putting at least 15% of your gross income into either a 401(k) or a Roth IRA. This money will continue to grow and compound over time, no matter how your plans change.<\/p>\n<p class=\"yf-1090901\">He also suggested paying off your mortgage as early as possible. Once you\u2019re out of debt, you can contribute more toward your retirement. You may also be eligible for Social Security benefits. The earlier you decide to begin receiving Social Security, the less you\u2019ll receive per month. It\u2019s best to have an idea of when you\u2019d like to start taking those payouts and how they factor into your other savings and income. However, Ramsey cautioned against leaning too heavily on Social Security, as it may not be around in the same capacity forever.<\/p>\n<p class=\"yf-1090901\"><strong>More From GOBankingRates<\/strong><\/p>\n<p class=\"yf-1090901\">This article originally appeared on <a href=\"https:\/\/www.gobankingrates.com?utm_term=bottom_link&amp;utm_campaign=1310165&amp;utm_source=yahoo.com&amp;utm_content=13&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:GOBankingRates.com;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GOBankingRates.com<\/a>: <a href=\"https:\/\/www.gobankingrates.com\/money\/wealth\/things-dave-ramsey-gets-right-about-building-wealth-in-2025\/?utm_term=source_link&amp;utm_campaign=1310165&amp;utm_source=yahoo.com&amp;utm_content=14&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:4 Things Dave Ramsey Gets Right About Building Wealth in 2025;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">4 Things Dave Ramsey Gets Right About Building Wealth in 2025<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"In the realm of financial influencers, many recognize the name Dave Ramsey. Ramsey began helping people iron out&hellip;\n","protected":false},"author":3,"featured_media":57705,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[42171,64,7780,17412,255,22985,16795,67,132,68,17613],"class_list":{"0":"post-57704","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-building-wealth","9":"tag-business","10":"tag-dave-ramsey","11":"tag-passive-income","12":"tag-personal-finance","13":"tag-ramsey-solutions","14":"tag-spending","15":"tag-united-states","16":"tag-unitedstates","17":"tag-us","18":"tag-wealth-building"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114836397271248352","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/57704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=57704"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/57704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/57705"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=57704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=57704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=57704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}