Dave Ramsey's 6 Money Tips for Millennials

Financial guru Dave Ramsey has offered a number of tips for millennials to help them build wealth and make savvy decisions during this time of their lives. Here are a few of the best.

Know Your 'Why'

"What's a why? It's the thing that drives you. Choose a why that helps you stay focused no matter what roadblocks may be up ahead."

Don't Put Off Saving for Retirement

"The sooner you start saving for retirement, the younger you'll be when you hit millionaire millennial status."

Invest in Growth Stock Mutual Funds

"The only investment option we recommend is growth stock mutual funds with a history of strong returns."

Don't Forget To Roll Over 401(k) Plans

"You should always roll your 401(k) from your former employer into an Individual Retirement Account (IRA)."

Update Your Financial Plan as Needed

"Take your money and your future into your own hands (with the help of a financial advisor). Keep an eye on your investment accounts."

Don't Invest Everything You Have in High-Risk Assets

"Slow down a little bit and pay cash, and don't invest everything you have in super high-risk crap."