What does Dave Ramsey suggest is the percentage of financial success attributed to knowledge?

Dave Ramsey emphasizes that a significant portion of financial success is rooted in knowledge, suggesting that as much as 80% of it is attributable to understanding and applying financial principles. This highlights the importance of being educated about personal finance, budgeting, debt management, and investments. By possessing this knowledge, individuals are better equipped to make informed decisions, avoid common pitfalls, and create a solid foundation for their financial future. The assertion that knowledge is crucial underscores the belief that mindful financial education can empower individuals to take control of their financial circumstances. This perspective aligns with Ramsey's overall approach, which advocates for proactive and informed financial management as a key to achieving financial stability and success.