Dave Ramsey Says This Is the Key Difference Between Rich and Broke People. Is He Right?

Finance expert Dave Ramsey is a firm believer in the idea that your money mindset can have a huge effect on your ultimate net worth. Specifically, Ramsey thinks that rich and poor people approach one particular type of decision in a very different way -- and that these differing approaches have a meaningful impact on whether you end up financially successful. The first question, which looks at total cost, gives you the chance to assess whether the purchase is really worth it when you take the big picture into account.