These are the five habits of millionaires Dave Ramsey believes you should adopt

The five habits of millionaires that Ramsey is a proponent of include the following:

1. Reading often: Using free time to read enables wealthy people to become leaders and to grow their knowledge. Ramsey believes reading often is one habit that helps people build wealth.

2. Embracing delayed gratification: By making sacrifices in the short-term, wealthy people are able to achieve long-term success. This can include living in smaller homes or driving cheaper used cars rather than focusing on short-term pleasures.

3. Avoiding debt: Ramsey believes it is a myth that millionaires use debt as a tool, and he suggests that instead of borrowing, it’s best to save up and pay cash for purchases.

4. Budgeting: Ramsey believes it’s impossible to build a million-dollar net worth without living on a budget that provides you with a financial plan for success.

5. Giving to worthy causes: Ramsey actually suggests that a desire to give to others is one reason why wealthy people continue building wealth even after they’ve amassed a lot of riches.