The Ramsey Show - App - ANYONE Can Become a Millionaire... Here's How (Hour 3)

Episode Date: March 23, 2022

Dave Ramsey & George Kamel discuss: How anyone can become a millionaire by following the baby steps. Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. George Campbell, Ramsey Personality, is my co-host this hour. This is a Baby Steps Millionaires theme hour. If you are a millionaire, we want to talk to you and find out how you did it. My eighth number one best-selling book, Baby Steps Millionaires, came out in January. I was not really intending to write another book, but I kept running into people who had

become millionaires, and I kept hearing all the hope stealers out there on social media and the hope stealers on the news broadcast saying that America is dead and it's impossible for you to build wealth out there now. And yet I was meeting people who had done it everywhere, so I knew the hope stealers were lying hope stealers generally are liars but we have proven it now time and time again it evolved into me jumping on the air here and starting to take calls from millionaires learning from them how they did it that led us into uh the largest study of millionaires ever done in north america airtight research that ramsey research did it led

into chris hogan ramsey personality at that time doing a book called everyday millionaires that was a best-selling book and then my follow-up book is about the baby steps millionaires the ones who did it made following the baby steps like the guy we met just a few minutes ago at one of the breaks who said he had a net worth of tens of millions of dollars, and he'd done it all following the baby steps, and they were out traveling America enjoying it right now. And, you know, he was not 92 years old. He was not 30, but he was not 92, and he's out enjoying his money. So a millionaire, George, the definition of a millionaire is an accounting function.

Yeah, this comes down to net worth, what you own minus what you owe. So if you've got a paid-for house of $500,000 and you have $500,000 in your 401K, by definition you are a millionaire. Well, a million's not enough. It doesn't matter. That's not what we're discussing. What we're saying is it's not a million-dollar income. it's not a million dollar income and it's not a moral construct and it's not a discussion of if it's enough it's a number when you have a one million dollar

net worth or greater you are by definition a millionaire well i don't feel rich it's not a feeling it is a math number and that's you know but it is a milestone that says you have established more wealth than most people yeah which is only there's only about there's only about 15 million millionaires in north america wow and so there's a whole bunch of people that aren't, in other words. So it is a legitimate, that's a top 15 million, you know, of the people in America in terms of wealth building. So that's what we're discussing. If you are a millionaire, we want to hear from you. We want to know how you did it. Michelle is in Baton Rouge.

Michelle, what's your net worth? Hi, Dave. I'm at about 1.5. Okay, cool. Give or take. Give me a little breakdown on that by category how much in real estate how much in retirement plans and so forth okay um 645 in investment properties um 100 in retirement accounts another 350 that we're getting ready to invest, um, you know, like mutual funds. Um, we sold some real estate, so we're getting ready to just move that into

those kinds of accounts, about 50 in cash, about three 71 in our home, so it's almost paid off. $40,000 in cars and $16,000 in an emergency fund. Good for you. How old are you? 54. Cool. And how much of this $1.5 million net worth did you inherit? About $38,000 when I was in college okay so are you a millionaire because of this inherited money no not at all okay all right and what has been the range it's been the range of your

household working income best year and worst year since you started? Oh, gosh. Okay. Worst year, I guess about 50. And the best year about 200. Cool. What do you do for a living? I'm a real estate agent and I've had investment properties most of my life. Used to be in home building. You got a four-year degree? Land development. I do. In what? General studies. Okay. All right. Cool.

Never knew what I wanted to be. There you go. And your GPA when you did that? Three. Okay. And how much, I mean, you did real estate, so this may be a different answer than a lot of times, but how much of this wealth do you have, you think, because you used debt to build wealth? I mean, I'm kind of an oddball because I'm still not a saver.

I've always been kind of an entrepreneur, and we started this in the 90s and i knew nothing about saving or investing and everything we did was because of debt but then i got to a point where i couldn't handle it anymore and wanted to sleep at night and i i just realized that um i just don't want to do business that way so so you built up some investment real estate with debt on that real estate, but then worked to get it paid off so you could sleep. Yes. All right, good.

Absolutely. Good. Yeah. Wow. You're impressive. So I want to encourage people so far, you have a general studies degree with a 3.0 GPA, and you only inherited $38,000, and you have one and a half million net worth at 54 years old, not even close to retirement age. Are you still working as a real estate agent?

I am, yes. Awesome. What advice would you give the 25-year-old version of you that's listening right now? Oh, gosh. Okay. If I had had you back then, I would have done so much better. I try to instill in my kids, you know, they both graduated from college debt free. So that's amazing to read books and learn about finance. And you don't have to live like all the other people that you see driving down the road. I just have a lot. I feel blessed, and I mean, I live in a town where there are a lot of wealthy people, and it's just you have to kind of look past that. Just be yourself and educate yourself on finance. You think it's still possible today to start from nothing and be a millionaire in America? I absolutely do.

Okay, cool. Yes. Hey, thank you for the call. We appreciate you. You're a hero. Very, very interesting. Wow. Well, the hope stealers always say,

well, you can't really be a millionaire. You have, you know, all wealth is transferred among the wealthy families. So if you don't have a rich uncle,'re boxed out because everybody everybody knows you inherit money's the only way you become and yet the millionaire study and you'll hear the calls today we take calls from anybody if you inherited your money i'm fine with that but the millionaire study found that 79 of the millionaires inherited zero. Another 5%, only a small amount like $5,000. And another 5%, a lot of money, but after they were already millionaires. So 89% of America's millionaires did not become millionaires because of inherited money, including Michelle.

This is the Ramsey Show. For a lot of you, last year was another year of just trying to survive, but you don't have to live like that. You can have confidence in your money and your future. So if you're tired of being stressed out all the time, you can decide to make a change. You can follow a plan that works. For almost 30 years, Financial Peace University has helped millions of people take control of their money. You'll learn our proven plan to save money, pay off debt, build wealth, and give generously. Watch FPU on demand or get plugged into a class for encouragement and support from other people.

You don't have to face another year of stress and worry. You can have confidence in your money. FPU is only available with a Ramsey Plus membership. Start for free by visiting ramseysolutions.com slash FPU. That's ramseysolutions.com slash FPU. George Campbell Ramsey personality is my co-host today. This is a Baby Steps Millionaires theme hour where we talk to real millionaires and we find out how they really did it, not what your broke brother-in-law's opinion is. You hear me say it all the time, everyone needs a will, and it's true. It's a basic adult responsibility, and there's no good excuse to not have a will.

The fastest, most cost-effective way to get your will taken care of is online. But a lot of folks still ask me if a simple online will is right for everyone i get that do you need a trust do you need a mirror will what about the powers of attorney that you need to help you answer these questions our team built a quiz that will help you decide on the right option you'll get custom results based on basic info like you're married or single where you live even the size of your estate. Once you're done, you're going to understand exactly what you need. It's completely free. Go to RamseySolutions.com slash Will's Quiz.

RamseySolutions.com slash Will's Quiz to check it out for yourself. The quiz takes just a few minutes and will put you on the path to protect your family and your wishes. RamseySolutions.com slash Will's Quiz. It's a Baby Steps Millionaires theme hour. We're talking to real millionaires. Stephen is in Raleigh, North Carolina. Stephen, what is your net worth? Well, right now it's about $3.1 million. Good for you. Give me a little breakdown on that by category. Well, in real estate, it's about $875,000.

In investments like Roth, traditional IRAs, 401ks, that type of thing, it's $576,000, I guess. And then the biggest issue I have is cash just in a regular savings account drawing a whole lot of nothing, $1.6 million. Okay. All right. Why all the cash? Well, when I sold my company a couple years ago uh we just left it in the bank uh where we've been banking when i had my company

and uh it was at that point the bank was giving us two and a quarter percent and it looked pretty good each month and you know market could do whatever it wanted and it was still there so it was like we kind of got complacent okay but uh since then the bank has kind of cut the rate so i've got to do something with it gotcha okay so half of your net worth you grew a company and sold it that's that again half of your net worth is because you grew a company and sold it. Absolutely, yes. Okay. How old are you? 69.

What kind of company was that? It was a millwork company. We assembled interior and exterior door units for the housing trade. Gotcha. Okay. And how much of your $3.1 million did you inherit? Zero. Zero. No you inherit? Zero. Zero.

No rich uncles. Okay. What was your best income year and your worst income year since you've been working? Well, the worst was back in 1974 was about $3,000. Okay. Because I was making $1.75 an hour, and I thought, you know, that was a road to riches back then. Minimum wage. The best was in about 2000.

It was about $150. Okay. Good for you. So you systematically invested in your 401K. You grew your company, and you've invested in real estate, and you paid it off. Correct. Okay. That's because you tell us to pay off our house all the time,

so I thought that must be the way to do it. Okay. Worked out for you. That's awesome. It did. It did, yeah. Do you have a four-year degree? I got a 40-year degree in working, but as far as education, I had one year of college, and then I got a letter

from the United States military that said, congratulations, you're now a member of the Armed Forces, and took me out of college, and that was the end of my college career. Wow. Thank you for your service. Yes. You're welcome. Sounds like it might have been Vietnam. It was during that time, but luckily, each month I was told I was going over there,

but I ended up down in Fort Benning, Georgia for two years. Okay. All right. Cool. So no Ivy League schools. Guess that's not the path. So when you hear people out there say that the American dream is dead, do you believe that you could still become a millionaire if you were 20 years old right now? Absolutely. I've actually got a five-step work plan that I preach to my employees. I managed two different companies before I started my own,

and I preached these steps to every person that worked for me. But actually, I didn't say they worked for me. They worked with me. Good leader. Yeah, well done. Good for you. What advice do you have to that 20-year-old? What's the main thing they need to do?

Well, the first thing that I told all of them that worked with me, which were usually younger people, is to find what you enjoy or what you have a passion for so it doesn't become a job. Because I say a job is just over boredom. That's what J-O-B means, just over boredom. If you have a job you don't like, it's basically boredom. And the other thing I told them is if you show up on time, you're late. There you go.

Because you need to get there a few minutes early to kind of get your mind straight and go. And I can't even tell you how many employees that I had that told me before I hired them, they said, oh, if you hire me, I'll give you 110%. I'm not looking for that. I was looking for somebody to give me 100% because I want anything 110%. Just give me 100% of your time when you're on the job. Like work while you're at work and stuff, yeah. That's amazing.

I'd buy a book of his one-liners. They were great. Oh, you can just fill in, George, when I'm gone. I like it. Very well done, Stephen. Good stuff. Thank you, sir, for sharing your numbers. Kathleen, what is your net worth in Round Rock, Texas? just fill in george when i'm gone i like it very well done steven good stuff thank you sir for sharing your numbers kathleen uh what is your net worth in round rock texas hi dave it's about um

2.3 cool give me a little breakdown by category please so we have about 1.6 million in investments and that includes retirement and non-retirement accounts and about 700,000 in cash and property. Okay look at that all right that easy. How old are you? I am 41 and my husband is 46. Okay great and how much of this 2.3 did you inherit? Zero. Okay and what was your best household year working income and your worst? So our best was about $180,000. My income fluctuated taking time off and part-time with young kids. So our best was about $180,000. We are currently, over the last 10 years, that's been our average.

Currently we're at 220. So I guess our best is now. And lowest was together. So I've been married for seven, almost eight years. And together, our lowest was probably about 140. Okay, cool. What do you do for a living? I'm a social worker. What about your husband? My husband is a computer science engineer. Okay, so you have a four-year degree in social work, or a master's anyway. What was your... I'm a master's. Was it in social work? Yes, master's in social work. Okay, and what was your GPA? About 3.5. Good for you. Okay do you think this can

still be done? Absolutely. I think more now than ever before. How did you become I mean what do you say you when people say how you become a millionaire by the time you're 40 actually a two millionaire by the time you're 40 it's pretty impressive. You know, we, I would say just invest what you can as much as you can when you can. So we started investing very early and we maxed out our 401. We always paid towards the principal on any loans. So we have two paid-off houses. We just pay everything off early, as quickly as we can, and just save. My mom gave us some advice when I was young.

She always said, don't nickel and dime yourself away. I like that. That's good. Get out of debt, stay out of debt, and invest. There you go. That's the key. It's hard. It's hard.

It's really hard. Simple, but difficult. debt, and invest. There you go. That's the key. It's hard. It's hard. It's really hard. Simple, but difficult. Yeah. Well done. All right. It's a Baby Steps Millionaire Theme Hour with my co-host, George Campbell. Thank you. It's a Baby Steps Millionaire's Theme Hour. A millionaire is someone that has a $1 million net worth or greater. What you own minus what you owe equals one million dollars that makes you a

millionaire it doesn't mean you're a better person it doesn't mean you're smarter it means you got a million dollars that's what it means uh it doesn't mean really anything else but it is a milestone along the way on your wealth building journey to say i did it if you're a baby steps millionaire it means you did it following the baby steps that we teach george camel ramsey personality is my co-host we started doing this theme hour because i got tired of hearing the lies out there that are defeatist victim mentality crap by these hope stealers saying it can't be done, that everybody inherited their wealth. Well, we've talked to three millionaires so far this hour.

None of them are millionaires because of inherited wealth. Eighty-nine percent of the millionaires in the millionaire study that we did are not inherited. You also hear that, you know, the only way you get rich is you rip people off. You're a crook. You heard that one, George? Yeah, yeah. You've got to hurt someone

to get on top there. That's just not how it works. You've got to rip someone off, scam them into the money. You know, that's just so illogical. It's dumb. You know, it's just dumb. Okay, let's just think about this

for a second, all right? So you're running a business. I don't know. Let's make it up. You're a car repair guy okay and uh you're a crook because that's how you get rich you being a crook right so when i go in and get my car fixed you rip me off so what am i gonna do tell everybody i know don't go to that guy he's a crook and you go out of business eventually how does he get rich doing that you go out of business eventually. How does he get rich doing that?

He goes out of business. He doesn't get rich. Or I go in there and he fixes the car in five minutes and comes out and says, I say, how much is it? And he goes, you know, the part was a quarter, and it took me five minutes. I'm not going to charge you anything. But just any time you need car work, come on over, and we'll do your car repair. Not only am I coming back, but I'm going to tell everybody I know.

So how do crooks prosper again? That's the most moronic thing I've ever heard, that you get rich by screwing people. It's quite the opposite if you have a lot of money it means you must lack integrity the free market economy will take care of your butt if you have a lack of integrity if you're making money by screwing people word will get out hello you know that's just dumb it's just so victim childish left-wing nut job thinking socialist thinking that it just blows my mind that's just cray cray man doesn't make any sense or if you want to be a millionaire you have to be a famous entertainer or a sports person you're playing the nba and the nfl

the nhl whatever because they get $25 million contracts. Yeah. Well, you'll get to be a millionaire if you do that, by the way. Or you should be. You may not. You may outspend it. A lot of them don't keep it. But here's the thing. Less than 1% of millionaires are athletes or entertainers.

So you have a 99% greater probability to become a millionaire doing something else and our top five list doesn't include any of those our top 10 list doesn't our top 20 list doesn't shocking in the research but now we truthfully we did not set out to interview the rich and famous the famous rich we wanted to find people that look like you and the other one the other one you know all these things are trying to say you can't do it. That's why I call them help stealers. You know, the other one is you have to be brilliant. I mean, you have to have like a 4.2 GPA.

And occasionally I talk to a millionaire that's got a 4.2, but almost all of them have around a 3. I famously have a 2.97, and I'm still pissed about the three one-hundredths of a point. They couldn't just bump you? One too many beer pong games, I'm just saying. But, yeah, there you go. But the, yeah, you know, but. So it's not an IQ thing.

But you don't have, I don't find them to have a 1.5 GPA. I mean, you do have to have some gray matter. You can't be dumber than a rock. You can't be dumber than a rock, but you don't have to be like a rocket scientist or a rocket surgeon. So it's somewhere between a dumb rock and a rocket scientist. There you go. All right. So, you know, you've got to be bright, but, you know, smart enough to be able to do the sixth grade math to get there.

But it's more about behavior than it is in IQ. Exactly. Brian is in Austin, Texas. Brian, what's your net worth? Hi, Dave and George. Appreciate you taking my call. Our net worth is $1.8 million. Good for you.

Give me a little breakdown by category, boss. Sure. It's $1.1 million of investments. So $550,000 of that is in tax-deferred accounts, $300,000 in Roth accounts, and we have $250,000 in index funds in a taxable account. Good for you. Okay. Yeah.

And then we have $550 550 000 of home equity and vehicles 100 000 in 529 for our two kids and 50 000 in cash which is our emergency fund cool how old are you uh 38 good for you young millionaire way to go man all right how much of this 1.8 did you inherit so none we we were blessed to be able to build our home um on a small plot of family-owned land but we actually don't include that land in our net worth so it's not in any of the numbers why is it not yours uh so i don't feel i i'm allowed to sell it so it's my it's my privilege to work on it and responsibility and it's my job to pass it down so it's my privilege to work on it and responsibility, and it's my job to pass it down. So I don't consider it marketable.

Okay. So if you can't sell it, you can't count your net worth. I got that. Okay. So what's been your best year working income and worst year working income since you guys started? Sure. So our first year was our worst year. We made about $46,000 back when we just graduated from college.

And then last year we made $170,000. Good for you. What do you do for a living? So I'm a CPA serving as a corporate controller for a nonprofit in Austin. And then my wife has had the much more challenging job, the stay-at-home mom, and she now homeschools our two kids. Okay, cool. So you've obviously got a degree in accounting.

Yes. And your GPA? Undergrad was 3.9. Okay. All right right you're the smartest one we've found a smart one found the smart one today good for you good very good good job okay so you're you did this at 38 years old um and by the way accountant is the number two most likely uh career of someone becoming a millionaire. Number one is engineer. Number three is teacher. So you're right in the category there. You're 38.

If you're looking back 20 years and talking to an 18-year-old, what would you tell them? Can they still do this, and what should they do? So they can absolutely still do it. It's definitely still possible. In my opinion, it's certainly not easy, but it's definitely still possible um it's in my opinion it's certainly not easy but it's really simple you you marry well you make goals make a budget and spend less than you make and automate saving the difference and if you do that consistently over time you will certainly become financially free okay let me go back because some people when you said marry well heard that you married into money no i used to have a guy running around with the college that was his plan to get rich he was going

to marry a debutante right that it sounds like the dream right it's a legal way to do no i marry well as in marry a partner who is is with you through thick and thin that you can trust and rely on yeah try to avoid um marrying somebody who's irresponsible. Yeah. Good. Throw off your plan. Yeah. That's good, man.

That's great. Very cool. 38 years old. That's very impressive. Yeah, that's a young millionaire. Well done, sir. Well done. We're proud of you.

Thanks for calling in and sharing that. That's good stuff. So, you know, interesting that none of us go do something unless we believe that it's going to work. Okay? You don't put gas in your car unless you believe that it's going to cause your car to run. You don't save money into an account unless you believe it's going to be there. So our belief precedes our actual action when we surveyed millionaires and asked if they believed that you could be a millionaire today and if they believed it when they were in the process

of becoming a millionaire 98 said yes your belief supersedes pre-disposes your actions. When we surveyed the general public, asked the same question, 69% said they believed it could still be done. The hope stealers brought the data down. The hope stealers. Look at that. They're out there. They're hope vampires. They're sucking the blood out of your hole.

Man, it can be done, and it's amazing. If you just believe it and you follow it with behavior well you're not going to do it if you don't think you can old henry ford quote if you think you can or you think you can't you're right this is the ramsey show Thank you. Our scripture of the day, Psalms 1832. It is God who arms me with strength and keeps my way secure. Henry Ford said, if everyone is moving forward together, then success takes care of itself. Then success takes care of itself. Pretty important stuff right there.

This is a millionaire theme hour. Deuteronomy 8.18 says, And you shall remember the Lord your God, for it is he who gives you power to get wealth. Hmm. It's in the Bible. Wow. Who knew?

Who knew? In Deuteronomy, nonetheless. Yeah. Yeah. I expect that from Proverbs And Deuteronomy, nonetheless. Yeah. Yeah. I expect that from Proverbs. Deuteronomy is a surprise. Digging around down there in the legalist, yeah. I love it.

It's fun. George Campbell Ramsey, personality, is my co-host today. We're talking to real millionaires, not broke people with an opinion. We want to know what it really feels like, looks like to get to be a millionaire, and how did you get there, and what do you do so that we can give you the opportunity to do just that. Melinda is in Houston, Texas. Melinda, what's your net worth? 1.7.

Good for you. And give me a little breakdown on that by category, please. Okay. If it sounds like I'm making any of this up, I'm really nervous, but I grabbed a brown paper bag. That's okay. Okay. Real estate, we actually just paid cash for our first time ever paying for a house. Good for you.

And that was $440,000. Got it. Good. And then we have cash, IRAs, vehicles we had just sold our business, and we were trying to find something else to invest in. So that's kind of the breakdown there. It's not exact, but we just moved, so my net worth sheet is in a box somewhere. Gotcha.

No troubles. No troubles. How old are you? 62. Good for you. Okay, cool. How much of your 1.7 and that worth did you inherit oh we we didn't inherit any of it okay and what's been your best year of working income

and your worst year working income for your whole household since you guys started working um it goes from zero to about 130 000. What do you all do for a living? Well, we sold our business, so we haven't done anything since August. Got it. What was the business? Grinding tree stumps. Okay. All right.

Cool. Any of you got a four-year degree? No. Okay. High school, right? Okay. Good for you. You remember what your GPA was back in high school?

I don't know. Okay. It's all right. No problem. No problem. That's fun. Good for you. What do you tell people?

Can they still do it? We didn't start until 15 years ago, So we were 47. And I would tell people what we realized pretty quickly was that when you want to be successful, you spend money based on what you have saved for and not the balance in the checking account. And I don't know how many people I've met that spend based on what is in the account and they constantly check it. And you have to stop doing that because we were doing it, so I recognize. I know, you know, what they're doing. You have to save money in categories, envelopes, in a budget, on a spreadsheet, whatever you have to do.

And then when you go to the grocery store, you actually go by that amount and not the amount that you have in the checking account. Boy, that's everything. Stick to a plan. Well done. Well done. Hey, thanks for sharing with us. Mark is with us in Dayton, Ohio.

Mark, what's your net worth? My net worth is $1.3 million. Good for you. Okay, give me a little breakdown by category. So zero debt, no mortgage. We have $700,000 in retirement investments, $500,000 in traditional, $200,000 in Roth. We own a $400,000 home and we have $200,000 in cash. Good for you. How old are you? I am 50 years old. Good for you. Cool. And how much of this 1.3 did you inherit? We initially got $5,000 from the passing of our mother, and unintentionally we invested it in universal life

but got smarter as we figured that part out. Okay. So you're not a millionaire because of inheritance? No, not at all. Not close even. Yeah, okay. So what was your best year of income and your worst year of income since you

guys have been working household income i started out with twenty thousand dollars when i enlisted in the air force when i was graduating high school okay and your best year and my best my best year is 138 000 as a civil service uh government worker for a combined total of $200,000 a year. Gotcha. Okay. All right, good. And, well, thank you for your service. So what was your main career in, service or civil service? It was service.

I did 22 years, and then I retired after I was commissioned, and then I retired, and then I went back in civil service, and I worked for the U.S. Space Force as their technical director. Cool. Did you go get a four-year degree? I did and the military helped obtain that goal and yeah. What was your degree in? Computer science and information. My master's was in information systems management. A master's. Good for you. okay and what was your gpa 3.8 for the bachelors and a 3.9 for my masters gotcha okay sharp guy yeah mark how much of it was in uh cryptocurrency zero wow okay just wanted to check they're out there apparently getting rich off this yeah i have a wonderful wife that has a moderate risk level and that's definitely not one

she's interested in i i can suspect yeah all right cool so what would you tell the younger version of you 20 years old 25 years old listening right now a quarter of a century back there can they still do it and if so what should they do yes and i will tell you i'm going through that now i have three young daughters both uh two of them that are 24 to 21, and one that's in college, both all three debt-free, and I'm going through that now. I sit there and tell them, you know, systematically, investments.

We started with a Ben and Arthur kind of study that showed all those investments and said it's your job to make sure that you not necessarily worry about wealth, but look for generational peace. investments and said it's your job to make sure that you not necessarily worry about wealth but look for generational peace that's good i like that a lot well done sir thank you for sharing your story we appreciate it very good stuff this gives me hope dave well yeah i mean you look down through it okay we got a 1.5 a 3.1 2.3 1.8 million.7 million. So a 3 down to 1.3 is the range, million net worth today.

Precisely zero of them are there because of inherited money. We got two high school graduates and then a 3, a 3.5, 3.9, 3.8 GPA. So we don't have any geniuses, but we don't have any dummies here. They're all getting it done, right? And real estate, two of them owned companies, a CPA, a social worker, and a military guy. The two entrepreneurs that sold their companies, one of them was Tree Stumps, and one of them did molding and doors and millwork. And it sounded like working people to me.

Yeah, that's amazing. And the range of ages, too, is cool. 38 up to 69. There's no rocket surgeons in here. No, not a one, not an athlete, not an entertainer. What this tells me is it's more about behavior and consistency than it is about luck. And those people out there who are millionaires, they don't deserve it. The way they got there was not ethically right, and no one should be millionaires because it hurts my feelings.

Evil rich people. That's what the hope stealers all say. Those people didn't sound evil to me. They sounded like people that go to the grocery store next to me. I didn't hear a single crook. Not that we could tell. Well, that's true. That's right. They may have been. They may have been. If they're a good crook not that we could tell well that's true that's right they may have been they may have been if they're a good crook then we wouldn't know right oh man

what a bunch of crap that some of you believe and some of you say out there and you need to stop it we have a picture in our minds of what millionaires look like, and we have to reset that every day. A high-quality, moral person of character has the highest probability to succeed in the United States of America today. Now we have data to prove that, that virtue matters. And a bunch of you are running around with hate and nastiness on your breath, and your breath stinks. We're just saying you should stop it. Take a breath, Matt, guys.

It's called the baby steps. There we go. Thanks, George. Good show. That puts us out of the Ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus.

Hey, it's Rachel Cruz, co-host on The Ramsey Show. If you want to do your debt-free scream live on the show, visit ramsaysolutions.com slash debtfreescream. We'd love for you to come to Nashville and tell Dave your story. That's ramsaysolutions.com slash debtfreescream.