Dave Ramsey: Do These 5 Things Now to Achieve Wealth Within a Decade

Financial Planning - A written financial plan is essential, including current income sources and projected expenses, to ensure financial stability in retirement [1][2] - Consideration of annual spending on housing, healthcare, groceries, transportation, and potential travel is crucial for accurate budgeting [3] Debt Management - Getting out of debt is a priority, with a focus on paying off smaller balances first to free up cash for larger debts [4][5] - The debt snowball method is recommended, where minimum payments are made on all debts except the smallest, which receives extra payments until it is paid off [5][6] Lifestyle and Savings - Living on less than one earns is emphasized as a key principle for wealth accumulation [7] - Saving and investing, along with being generous, are important components of a successful financial strategy [5]