Summary of 5 Rules To Manage Your Money Like The Rich — Dave Ramsey

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Dave Ramsey's five rules for managing money are: write down a budget, get out of debt, have high-quality relationships, be truthful, and don't be deceived by evil companies. Over time, following these principles will lead to financial success.

• 00:00:00 Dave Ramsey recommends that people manage their money by following five principles: writing down a budget, getting out of debt, having high-quality relationships, being truthful, and not being deceived by evil companies. Over a period of decades, following these principles will lead to financial success.
• 00:05:00 Dave Ramsey advocates for five rules for managing money: to have an income within 10 to 15 percent of the average of your 10 closest friends, to be careful not to let your little son run around with a weed head down the street, to become who you hang around with, to save and invest, and to have fun with money. One example of how this can be applied is by spending 300 dollars on a nice night out with your spouse.