The Ramsey Show - App - Can You Become A Millionaire Today In America? (Hour 3)

Episode Date: August 22, 2023

Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving, and storage studios, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Ken Coleman, Ramsey personality, is my co-host today. He is the author of the number one bestselling book, From Paycheck to Purpose. On the Ken Coleman Show, they talk every day about careers and jobs

and making more money doing something you love, and he's here to help you today. Hey, guess what? Right now we're going to do a baby steps, millionaires theme hour. What that means for those of you who haven't been with us before, when we're doing that, we're only talking to millionaires this hour, real millionaires, not your broke brother-in-law or your communist college professor. We're talking to real millionaires about where real money comes from. We want to hear from you if you have a net

worth of $1 million or greater. Let me help you with this because some people are confused. The definition of a millionaire is not a feeling. It is not a moral construct. It is not an income. There's only one definition of a millionaire. When your assets minus your liabilities equal $1 million or more, you are a millionaire. Well, you don't have a million dollars cash. Don't need a million dollars cash. When your assets minus your liabilities equals a million dollars, you are by definition a millionaire. Well, that's a net worth millionaire. That's a redundant statement. There's only one kind of millionaire, a net worth millionaire. That a redundant statement there's only one kind of millionaire a net worth millionaire that's the only way you measure a million dollars i watched an idiot u.s congressman the other day say well he makes a million dollars a year he's a he's a millionaire

no you moron that is not what a millionaire is how'd you get in congress unbelievable but yeah so no the i don't it's well that's not enough money It's not a question of how much money it is. It's a question of is it a million dollars. No one should have that much money. This is not a moral construct. It's an accounting function. Do you have a $1 million net worth or greater? We can discuss all the other stuff, but that's the definition of millionaire.

If you fall in that category, we'd love to talk to you. We don't want to talk to your brother-in-law with an opinion who doesn't know how to vote correctly we want to actually talk to real millionaires that's what we're doing so you can find out how to be one someday and we in the process um destroy all the mythology the lies around the subject of building wealth in america today so let's learn how it really happens cynthia is a millionaire. She's in Hartford, Connecticut. What's your net worth, Cynthia? $1.1 million.

Perfect. Just over the line. All right, give me a little breakdown by category of that $1.1. Okay. I have a $300,000 home in Texas. That's where I'm from. And I have a $300,000 home here that's where I'm from and I have a three hundred thousand dollar home here in Connecticut where I work and the remaining balance is in my 401k. So 600 so about

500 in your 401k? Yes. Excellent. How old are you? 52. Cool. How much of this money did you inherit? None. Zero. And since you've been working, what's your best year of income and your worst year of income? My worst year of income was when I first started nursing at about $65,000, and my best year was $285,000. Whoa. Travel nursing, huh? I did do travel nursing, and now I do home care. I'm a psychiatric nurse and I work in home care. Okay. So your degree in psychiatry and nursing or what? No, just nursing. Okay. Excellent. Excellent. And what was your GPA in school?

Maybe a 2.9. Okay. Good for you. All right. So tell us, we're talking to the 24-year-old version of you, a quarter of a century ago. Can she still become a millionaire if she's a nurse? Yes. What should she do if she wants to do that? Work as much overtime as is offered and invest your money right away and don't buy a brand new car like I did out of nursing school.

Just start investing right away because you have time on your side. Very good. Very cool. Good for you. So the biggest mistake you've ever made with money was buying a new car? Yes. Well, you did pretty good that's that's not there's a lot dumber things you could have done and that one that one's dumb but there's worse ones so way to go kiddo i'm proud of you congratulations do you feel any different when you added it up and realized you were a millionaire i um i do feel like there's a weight that has been lifted off my shoulders. I'm debt-free.

I do not have an ounce of debt. So I still work every day. And knowing that my three kids have that same work ethic that I do means the world to me. So, you know, they were paying attention when they were younger. I worked all the time when they were younger, you know, trying to pay off the house, pay down debt, pay off my student loans. And now I have three kids that are very ambitious and have a great work ethic. I can imagine. They watch their mom kick it. Way to go. Very cool. Very cool. So, Ken, one of the things we find if you watch some of the ridiculous things on social media which is a complete waste of time um but if you did you would find all these people that claim that the ability to build wealth in america today is gone i call those people hope stealers

because they're lying whether they mean to or not i'm not sure some of them mean to they have agendas but basically it is a lie and you're stealing people's hope when you tell them it's impossible they say oh well all wealth is now inherited so if you don't have a rich uncle you're screwed or you know the only people that become wealthy are crooks they steal the money or the people that become wealthy are famous entertainers or athletes. That's the only people. Or you've got to have a 4.4 GPA. You have to be boy genius, girl genius, right?

And the truth is that all three of those things that are sprouted and spouted by the anarchist leftists are absolute lies statistically. Well, look at Cynthia. So she goes and gets a very good degree that has a ladder attached to it. She starts at $65,000. She's now making $285,000. She promoted herself through hard work and she got extra qualifications. By the way, she didn't get an extra degree. She just stayed with that nursing degree, now does psychiatric nursing, and is in the home care business. We did not ask her specifically. My guess is she has a small business that she runs.

But regardless, she increases her income over a period of time almost 5X, which is really astounding in that people think about nurses as that's a good solid career. I don't think the average American, if I went out on the street with a crew and a microphone, would think that you could go from 65 to 285, and here it is. She's just going about her business. That is serious money. Think about how many people never make $285,000, and here's a nurse who's absolutely crushing it.

So the American dream is alive and well and being passed on to her three kiddos. And she's living in a $300,000 house in Connecticut. This is no shack, but this is no mansion. No. This is not. But she's got another $300,000 home. Paid for in Texas. Paid for.

Both of them paid for in Texas. She's rocking it. Yeah. Yeah. But her consumption is very low. That's correct. That's my point. Her need to impress others is nonexistent.

These are the attributes of real millionaires, boys and girls. Listen carefully. This is The Ramsey Show. It's a Baby Steps Millionaires theme hour. If you have a net worth of $1 million or greater, we'd like to talk to you and learn about you so that the listeners can be one too. You can figure out what the model looks like, what the template looks like, and the more you emulate it, the faster you're going to get there. Gerald is with us in Arizona.

Hi, Gerald. How are you? I'm doing very well, sir. How are you? Better than I deserve. What's your net worth, sir? About 1.4 to 1.5. Excellent.

Give me a little breakdown by category. We have about, my wife and I have about 520, 525,000 in 401k IRA. We have, oh, pardon me, about 320 in higher interest CDs, another 40 in two different savings accounts, and the rest is in property. Okay. So you've got like 800 in property, huh? We have about 650 to 700 in property, yes. About 600, yeah. Okay, in real estate.

Got it. Okay. How old are you? 65. Okay, cool. How much of this did you inherit? None. Zero.

Zero. And your best year of income and your worst year of income since you've been working? Since I've been working, my worst year of income was my first year in the Marine Corps, so that was about $4,000 way back when. Thanks for your service. You're quite welcome. The best, I would say, between my wife and I had to be about 140 to 150. Okay, cool. What was your career? I was a painting contractor. I owned my own business for almost 30 years. Okay, and did

you get a four-year degree? No, I'm a high school graduate. Okay, cool. What was your GPA in high school? Oh, about 3.4, I would guess, on high side. Okay, cool. Good for you. All right, so as a painting contractor and a Marine, you were able to establish a $1.5 million net worth with no inheritance by age 65. Way to go! Yeah, we're happy.

We're relaxed, more importantly. Hear, hear. Hear, hear. What do you tell people the key to causing this to happen is? I mean, you've got a young person listening that's in the trades, and they've been told you have to have a four-year degree or you're never going to be anything, and you've just proven otherwise, which is wonderful.

So what do you tell that young person in the trades? Can they become a millionaire, and what should they do? They can absolutely become a millionaire or more. The first thing I would advise them to do is to take advantage of any and every saving opportunity for that compound interest and be patient. Everybody wants something now. You can do it if you think and stay patient. That's it. That's it. Steady steady slow and steady wins the race exactly get rich quick it doesn't work get rich quick because you have to start over too many times i know i did that one i'm so dumb i had to be a millionaire twice in this in this life so um there you go

i'm proof you can do it believe me hey man thank you for calling in that's absolutely incredible you're a hero ken that's uh uh our buddy Mike Rowe would like that. Shout out to the trades. Yes, he would. And listen, when you look at today and you look at the trade opportunities, it is a massive, massive, like six, eight-lane superhighway to being a millionaire because they're willing to train you and they are willing to start you very very quickly the time between training to actually earning is is almost non-existent with a lot

of trade schools give an example just i'll pick one trade welding you know and you know what the other thing i thought about just what's that when you're a welder or you're a painting contractor you're not going to lose your job to ai no you, you will not. No. AI can't do it. That's exactly right. That's exactly right. And so the point is that you can actually get on-the-job experience getting paid while you're getting trained. And if you just juxtapose that, you just go, okay, wait a second,

that's one path versus I've got to go to a four-year school and I don't have the money for it and I get into debt over $100,000 versus I'm making $50,000, $60,000, $75,000 in the trades with an opportunity one day to own your own business, we've got to start to get rid of the stigma. And I'll tell you, Gerald will tell you the downside of that. You're going to get a callus. Well, sure.

Do you know how many times that guy couldn't feel his shoulders after a long day of being on a ladder? Not just on your tongue. You're going to get a callus. Well, sure. Do you know how many times that guy couldn't feel his shoulders after a long day of being on a ladder? Not just on your tongue. You're going to get a callus. Not just on your thumbs, you keyboard warriors, but you're actually going to get like a real callus on your hand. You'll need a good chiropractor. Chris is in Los Angeles. Chris, what's your net worth? $2,018,000, Dave.

All right, $2 million. All right, give me a little breakdown by category. Okay, retirement accounts, 401Ks, 403B. We have $1.3 million. House equity, $620,000. And then $100,000 in cash. Good for you. All right, how old are you?

62. I just turned 62. And how much of this did you inherit? Zero. Zero. And your best year working income and your worst year working income? Best year combined would have been $380,000, and worst year would have been $25,000 right out of college.

Cool. What's been your career? I'm an international airline pilot. However, I'm physically grounded right now, so I'm not going to be able to fly to 65. Okay. Just the physicals you guys have to take, is that what you're talking about? Yeah, every six months as an airline pilot you have to take is that what you're talking about yeah every six months

you as an airline pilot you have to pass a physical and um i gave they discovered i have bone cancer so i'm on long-term disability till the end of my career okay yeah did you get a four year degree to be a pilot yes i did okay in aeronautics or whatever okay and what was your gpa uh 3.5 okay hey that physical that was required did that cause you to catch this early um it did because uh uh my blood work came back bad so um my faa doctor sent me to an oncologist. Yeah because we're the same age and I don't do a physical every six months I can promise you. So I'm just thinking that that might have actually been a benefit. Did it help catch it early? I mean is that going to help you? It did. I'm called early stage and it's a chronic disease so it won't go away. But it did help it.

And the problem with the FAA is that bone marrow cancer causes me to be anemic, which causes me to be dizzy. So flying is not – I can't even drive a car anymore. Oh, man. So flying is out of the loop. Okay. Well, I'm sorry for that that's awful because you i'm sure you loved it too oh yeah yeah it was great i did uh 23 years uh flying

with the navy and uh with uh i can't say the name of the company but um you know them well they're in the south uh large company and uh been with them for 23 years and you were flying the big boys across uh on international then yeah out of lax uh going to sydney japan shanghai and then on the east coast we'd go to paris and brussels and that's's not a bad career after the Navy career. Thanks for your service. We get a lot of calls from people that want to be pilots, and the path is really rough if you don't go through the path. There's a lot of debt, and, of course, young pilots start out making nothing now,

as you know. And if they don't go through the Air Force routine or some kind of military routine to get their hours, then it can end up being a ton of debt. So do you have any advice for young pilots or somebody who wants to be in this career? Yeah, I do. My oldest son is actually going through this. He went through civilian training, which was very expensive, cost him $70,000 to do that. And then he figured out quite quickly that Air National Guard was a great way. And so he's in with the Air National Guard building hours and he'll move over to commercial and replace me eventually. But I recommend that if you're not looking for a full-time military position, reserve

or guard is the way to go. Yeah. And National Guard is good about paying for education as well. Absolutely. So they've got great programs on that. Hey, thanks again for your service. I'm sorry for you getting grounded. That's a horrible diagnosis, but the good news is you're in really good shape financially,

and they caught it early. So that's all a good part of the story. Thank you for sharing your story with us, sir. You're a hero. This is The Ramsey Show. Ken Coleman, Ramsey personality, is my co-host today this is a baby steps millionaires theme hour we're talking to real millionaires asking who they are what they are how they did it so that you have a model from real people who really built wealth not your broke brother-in-law

with an opinion not your uh well whatever not not the wrong people because a lot of people it's amazing to me that broke people have a lot of a month have a lot of opinions about money yeah and careful the the the ones with a lot of followers on the tic tac who tell you what being a millionaire constitutes or how to get there because they may not have any money at all it's entirely possible they may have a million followers but not much money your net worth is not measured in social media footprint. Isn't that the truth? I'll help you with that. That's kind of like the real insight that Facebook friends aren't real friends.

Who knew? Once your tire changed at 2 in the morning, you don't call a Facebook friend. I'll just tell you that. Isn't that the truth? I'll help you with that one. All right. So, yeah, it turns out the virtual world is not real. Who knew?

That's why they call it virtual. A lot of hype. So, anyway, real millionaires is what we're talking to this hour. The phone number here is 888-825-5225. A reminder that a millionaire is an accounting definition. There's only one definition. There's only one kind of millionaire everything else is a modified version like i met a guy one time who had one million dollars cash

and he had other assets too but he liked to say i'm a cash millionaire well that's true you're a cash millionaire and you're more than a millionaire so because your assets minus your liabilities what you own minus what you owe equals your net worth. That is not disputable. You don't get to make up the definition of a recession. A recession is two quarters of the gross domestic product, two consecutive quarters of the gross domestic product going down. A recession is not a feeling that they have on Fox News. It's not a feeling that the have on fox news it's not a feeling that the biden administration has a

recession is an economic measure of data and that you don't get to make up these definitions people you just decide so many people just decide crap and you're wrong so i'm just helping you with this because it helps you that way you don't end up following the category of hope stealer tina on the other hand is an actual millionaire in myrtle beach south carolina tina what is your net worth it is 1.9 million dollars excellent give me a little breakdown on that so about a million is in 401k between me and my husband We have about a half a million in real estate and property and a little over 400,000 in cash. Good for you. Excellent job. How old are you? 50 years old. Five zero. And how much of this did you inherit?

I inherited a lot of bad habits, but no money. I'm not even going to comment on that. I have relatives listening. That's fabulous. All right, so zero. And what's your best year of working income, your worst year of working income? So my worst year, I started working at 1515,000, so that was about $5,000. My best year has been this year at roughly $480,000.

Good for you. What do you do for a living? I work in health care as an HR professional. Wow. Wow. Okay. And I also serve on several paid boards. I can imagine. Nice.

And you got a four-year degree in HR or a master's or what? I have a law degree, actually. Oh, you're a lawyer. Okay, good. All right. And what was your GPA in law school? It was about a 2.8. Okay.

Good for you. Perfect, perfect. I love this, Dave. I've got to jump in here because, Tina, I want to know. I mean, you're very successful. You're crushing it. How many times have people asked you what your GPA was in law school in a professional setting? Thankfully, never.

Okay. Just wanted to point that out. Nobody cares what her GPA was. They want to know, Tina, what are we supposed to do with this situation? That's right. That's right. Good for you. Tina, we got a mess here.

Can you help us? That's what they really want to know, right? That's exactly right. Yeah. HR is Greek for mess. Oh, my gosh. Wow. Wow.

Okay. What advice do you have for the younger version of you? Can she still do this? And what should she do to be you when she grows up? So I actually get the opportunity to talk to young people all the time. And one of the first things I do is always buy them Total Money Makeover. My nieces, my nephews, my you have kids girl uh graduated from college um i always send them total money makeover because you have to educate yourself that's one thing that i didn't have i didn't know i didn't have anybody who taught me about money and spending

and debt and so i try to pass that gift on to the younger generation so they're at least aware amen amen in order to build wealth what do they need to do tactically with money what's the plan well you need to live below your means and really stay out of debt is is to me the the biggest thing is staying out of debt not trying to keep up with jones's yeah way to go you're amazing i'm honored to talk to you hero very very very well done okay we did the largest study of millionaires ever done in north america my friend tom stanley who passed away a few years ago his daughter sarah has continued his work, wrote a book in 1992 called The Millionaire Next Door. He studied 750 millionaires.

He was a marketing professor at Georgia State University, and he sold eight bazillion of those books and became the millionaire next door. But that book was extremely popular. But the critics, the leftists, all said, oh, well, who'd never take statistics classes? 750 is not a large enough sample size to draw the conclusions of where millionaires really come from. However, it is statistically significant, and it is actually excellent research. But these are people that don't know anything.

So when we got ready to do this 30 years later, we said, all right, 30 years later, let's relook the idea. Where do millionaires come from? Let's survey millionaires. I said 750 is statistically significant, but we know the leftists aren't going to like it. The communists aren't going to like it when we say that America is not so broken you can't win. So we better have more than enough. Let's just go 10 times statistically significant. Let's study 7,500 millionaires.

Well, we got carried away. We ended up surveying and studying 10,167 of them. And we can't find anybody that studied anywhere near that large a sample size or the data that it says tightly roped in our research technique and methodology was airtight to the point that if you don't agree with the conclusions of this study you are what's known as wrong okay that's how that tight this data is so here's an interesting one 98 of millionaires that's all of them when asked the question can you become a millionaire today in america said yes well of course they did they're millionaires i mean ask a guy who rides

a bike do you believe people in america can ride a bike today 98 will say yeah yeah i can write you i rode a bike the other guy rode a bike. You can ride a bike. I mean, because you've done it. People who haven't done it are the ones that doubt. You know, that's the thing. 69% of Americans, when we studied the general public, asked the same question. Only 69% believed it was still possible.

So it turns out belief causes action. If you don't believe saving money will make you rich then why would you save money so first you have to believe that it works and then you take action on that belief so belief is part of the equation the other thing of course is this famous thing of well all money's inherited 79 of the millionaires inherited precisely zero so far today we've talked to four they've inherited precisely zero another five percent of the millionaires we talked to did get an inheritance but it was mathematically so small that it would not cause you to become a millionaire like grandma left them five thousand bucks that kind of stuff okay another five percent received a substantial

inheritance after they were already millionaires. So it obviously didn't cause them to become a millionaire. Like you might got $250,000, but you already had a net worth of $2.5. So let me help you with this. 79-0, 5 small, and 5 after. That's 89. That's 9 out of 10 of America's millionaires did not become millionaires because of inherited money. When someone tells you that, they are at a minimum wrong, at a maximum lying.

You don't have to inherit it. You have to do the stuff to get there, though. This is The Ramsey Show. show it's a baby steps millionaires theme hour our scripture of the day romans 5 4 through 5 patience produces character character produces hope and this hope will never disappoint us thomas paine said reputation is what men and women think of us character is what god and the angels know of us christian is with us in Michigan. Christian, what is your net worth? Hey, Dave, I'm at 1.1. Excellent.

Give me a little breakdown on category. So sitting about 900 in real estate, about 180 in investments, and between vehicles and cash, about 75. Gotcha. How old are you? 32. Wow, a young one today. Okay, good. How Gotcha. How old are you? 32. Wow, young one today. Okay, good.

How much of this did you inherit? Nothing, just wisdom. Zero, all right. And what's your best year working income, your worst year working income? Between my wife and I combined starting out about 60, and this year opens our best at hopefully about 200. Excellent. Good for you.

Well done. And what's your career, sir? I'm in actually landscape sales. Okay. Very good. You got a four-year degree? I do. Four-year in business.

In business. Okay. Excellent. What was your GPA? 3.1. Excellent. Good for you. Okay.

Cool. Cool. Well, you did this quick what do you attribute being a millionaire so early to 32 how do you tell people you did that yeah a lot of a lot of blessings from god along the way and um i mean honestly just listening to this program a lot and seeing how other people are doing it kept that drive going there's lots of times we wanted to just go do fun stuff with everybody else but i mean really just we kind of knew knew what we want in life and the dreams we have and this is kind of the way to have that so house is paid off house is paid off what's and it's

worth 900 how did you when how old were you when you paid your house off paid the house off this year it's for about 775 and uh we've we've got another house that we own, too, and that's kind of a rental income. My wife runs that business, and I'm working on that one, too. So this actually, at the beginning of this year, we got our house paid off. Okay. So that, in your case, is a larger portion of your net worth, and so to say it contributed to your net worth, no, it is a lot of it.

Absolutely. Yeah. Well done, man. Well well done how's it feel i thought it'd feel a little more like we hit it we're there but i mean now that i'm talking to you it feels a little more real um it feels good i can't wait to see what's what's next i hear you well congratulations sir yeah you, Christian, I've got to ask you this. It's less about the status of being a millionaire, and it's more about the feelings that come with the peace and the options you have. Is that fair to say?

A hundred percent. It's just what can we do, how can we love others, and how can we explore and just kind of live a little bit more. Yeah, yeah. It doesn't change the way you feel as much as it changes the way you see the world in perspective. It feels nice, but boy, I tell you who's not struggling with inflation right now is Christian. And I'm not making light of inflation because it's squeezing a lot of Americans, but I do want to point out he's not stressed out about inflation yeah congratulations

sir very proud of you well done tammy is in michigan tammy what is your net worth uh 1.6 million excellent give me a little breakdown by category 1.1 in retirement 300 $300,000 cash, $100,000 in our home, and $100,000 in our business. Excellent. Okay. How old are you? 54. Excellent. And my husband's 58. How much of this did you inherit? $10,000, and we use that as a down payment for a truck, which is our business. Lately? No, that was was in 96 do you remember your first fox business news i think it was your first one show i don't i remember doing fox business and i remember but i don't remember the the content of the show no you were a caller i think uh yeah we were a caller and we sent you a picture of our truck and our house uh we are those people

okay i love it i don't know that i don't know if that was 08 or 09 yeah when that was that's about that's about when it was excellent yeah very cool so you inherited zero what was your best year working income no we inherited 10 000 i'm sorry 10. I'm sorry, $10,000. I'm sorry. Yeah, down payment on our first truck in 1990. Yeah, I got that. And income, your best year and worst year? Best was $134,000 adjusted gross, and worst was $22,000 to $24,000. What were the careers? Well, right now it's truck driver.

We own our truck and trailer, and we drive it together as a husband-wife team. We've also been farmers. Ah, gotcha. Okay. Four-year degree or not? I have one, and Nick has a trade school degree. Okay. All right.

What was your GPA? 3.6. Good for you. Very cool. All right. So being a farmer and a truck driver by 54 years old with only inheriting $10,000, which obviously does not make you a millionaire, you end up with a $1.6 million net worth. Can people still do this today?

Yes. What should they do if they want to be you? If you keep track of your numbers and make sure your equipment is in good shape, if you own your own truck, if you're a driver, definitely. You need to automatic investing. That was a big thing with us, treat it like it's a bill. And same page as your spouse, which is easy to do when we're driving a truck side by side. You can't get away from them.

Yeah, and we kept our nose to the grindstone, and we had a goal of being a millionaire. Wow. Good for you guys. Yeah, having a goal, that's a good thing. People don't bring that up enough. Yeah, Tammy, when did you hit it? What age did you guys actually get there? Oh, wow. I remember hitting 500 in 2016.

We probably hit it. We hit it in 2020, maybe 2019. So roughly 50. That's pretty amazing. And again, driving a truck. And in four years, I've almost doubled it since then. So that's the way that works. Way to go, Tammy.

Way to go, you guys. I'm proud of way that works. Way to go, Tammy. Way to go, you guys. I'm proud of y'all. Very well done, heroes. So, Ken, we didn't talk to anyone who stole the money. No. No crooks. We didn't talk to anybody who was a Hollywood star or a country music star or other kind of music star. No, you're right.

We didn't talk to anybody who inherited their money that made them a millionaire. We didn't talk to anybody that had over a 4.0 GPA. The highest was a 3.6. That's right. Yeah, 3.6, 3.4, 2.9, 3.5. You've got to be smart enough, but not too smart, apparently. You don't have to be a rocket surgeon i mean you just got to be

able to you know a rocket surgeon you just created a new career there that's impressive i know they fix broken rockets rocket i like that actually well it's the old alabama football player joke but yeah yeah but the um yeah not you know well here's not rocket scientists, not brain surgeons, but rocket surgeons. So there you go. So our highest earner had the lowest GPA, as I'm looking at her. It's true. Our highest earner. The lawyer. The lawyer who's in HR.

HR. She edged out the other one by about 70,000. But just to point out, it's about the quality of your work, not what you were as a student. So very interesting here as we look at all these numbers and again so uh yeah uh psychiatric nurse yeah painting contractor pilot hr professional that was a lawyer yeah landscaper truck driver yeah how about that again i didn't see medical doctor no uh no professional athletes there no celebrities by the way yeah no oh no no social media influencer on this list i just want to point that out although some of them are doing very well

they are they are but the point here is that the get rich quick is uh it can happen yeah but it doesn't happen often yeah it's just got very few skittles and rainbows involved. Right. Not much glitter. Yeah. It's just kind of like work is what it sounds like. You know, you've got to do your stuff, man. So that's what the book Baby Steps Millionaires is about.

The study that we talked about earlier in the hour, the largest study a millionaire has ever done. The white paper for the study is in the back of the book, Baby Steps Millionaires. So if you want to know more about what's really going on in the culture with wealth building, we probably know more about it than anybody right now. And you pick that book up. It's the number one bestseller. It'll help you get going on it. Ken, good show today.

That puts this hour 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 Ken. If you like what you heard in this episode and want to know more about getting started on the Ramsey Baby Steps, go to ramsaysolutions.com and click on the get started button. We'll help you figure out the best next step for you based on your specific situation. Again, that's ramsaysolutions.com and click get started.