Personal finance expert Dave Ramsey says rich people make decisions with long-term thinking, while poor people often act on emotions and short-term concerns.
Discussing the mindset of wealthy people and the importance of good decision-making on "The Ramsey Show," he said that consistently making wise choices eventually leads to wealth. Ramsey believes wealthy people look at how their purchases, actions or decisions will shape their lives five, 10 or 15 years down the road.
