The 5 Things That Will Make You WEALTHY In 10 Years | Dave Ramsey & Lewis Howes

Ramsey says that after getting agreement on baseline facts, you should lay down boring, common-sense principles, which then lead you to the right tactics. His core ones are live on less than you make, have a written plan, get out of debt, save and invest, and be generous.

Ramsey says our brains seek the least effort to reach a goal, and that arrogance adds to it. He describes losing $4 million of real estate in his 20s because he borrowed too much and thought he was smart enough to do it.

Ramsey says you choose to be a generous person, and it can show up through tipping, buying a meal or opening a door. He says generous people are attractive, have an abundance mentality, and tend to be trusted, promoted and easier to stay married to.

Ramsey says his family foundation approaches ministries as if buying them, examining their systems, accounting, HR and cost per outcome. He also says too much money can ruin a weak organization, and the foundation does not give to ministries that borrow.

Ramsey cites money as the top cause of divorce and calls it an infinity loop, since a good marriage also helps build wealth. He says couples need not be identical but must be close on debt, saving, giving and planning, because resentment and eye-rolling erode love.