Dave Ramsey says "if you do what rich people do, you'll become rich and if you do what poor people do, you're going to be poor"

""Do what rich people do, and you'll become rich; do what poor people do, and you'll remain poor." This advice given by financial guru Dave Ramsey on his podcast The Ramsey Show is a mindset that echoes with those who want to improve their financial standing. At its core, Ramsey's advice emphasizes the importance of adopting the habits, behaviors, and decisions that contribute to long-term financial success. But is it really as simple as mimicking the wealthy to achieve wealth?"

"It is an inspiring idea but also somewhat controversial because it opens questions about opportunity, privilege, and the vagaries of personal finance. Let's see what Ramsey's advice means at its core and whether it holds up across diverse financial realities. This post was updated on December 4, 2025 to include a section on "What Ramsey Oversimplifies".Does Imitation Lead to Success? The habits of the rich reveal patterns of discipline, predictability, and determination."

A common financial maxim states: 'Do what rich people do, and you'll become rich; do what poor people do, and you'll remain poor.' The idea emphasizes adopting habits, behaviors, and decisions that contribute to long-term financial success. Mimicking surface behaviors alone can fail without adopting the underlying mentality and discipline. The maxim raises questions about opportunity, privilege, and the complexities of personal finance. Wealth-building practices include living below one's means, prioritizing saving, investing regularly, avoiding lifestyle inflation, and maintaining modest living despite income increases. These practices reflect patterns of discipline, predictability, and determination.

Read at 24/7 Wall St.