According to Dave Ramsey, what is key to building wealth?

Building wealth, according to Dave Ramsey, is fundamentally rooted in discipline. This involves making consistent, intentional choices regarding personal finances, such as budgeting, spending wisely, saving regularly, and investing for the future. Discipline helps individuals resist temptations to make impulsive purchases or stray from their financial plans, enabling them to focus on long-term goals rather than short-term gratification.

In the context of financial management, discipline is the cornerstone of developing healthy habits that lead to wealth accumulation. This is aligned with Ramsey’s teachings, which emphasize living below one’s means and the importance of creating a debt-free lifestyle as essential components in the journey to financial independence. While factors like luck, connections, and education can play roles in financial success, it is the disciplined approach to managing finances that consistently drives wealth-building efforts.