Tonight my wife and I went to hear Fox News show host and best selling author  Dave Ramsey speak at the University of Tennessee. He gave five points to creating wealth which he admitted were simple. Yet most people don’t do these things. I thought it was good advice, particularly the last point. 

1. Act Your Wage (live on less than you make).

2. Get out of debt, stay out of debt.

3. Budget (before the month begins and stick to it).

4. Learn to save.

- create an emergency fund equal to 3-6 months of your living expenses

- pay cash (on average people spend 18% less when they use cash)

- invest to build wealth (he suggested mutual funds that include growth funds, aggressive growth, international, and cash)

5. Give. 

He said that giving was the most fun part of creating wealth. To be able to help someone else was what really made him rich. I couldn’t agree more.

Inspirational speaker Tim Richardson speaks about how giving increases employee morale, lowers employee turnover, increases customer loyalty and creates higher profits for Fortune 500 companies, associations, healthcare, and financial services. He is founder of the Bill Walter Melanoma Research Fund. For more information on Tim, go to www.TimRichardson.com

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