The Ramsey Show - App - DAVE RANT: You CAN Get Rich Without Inheriting Money! (Hour 3)

Episode Date: October 12, 2021

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Ramsey Show, where debt is dumb, cash is king, and the paid off home mortgage is actually an indication that you're probably an everyday millionaire. This is the Ramsey Show. It's an everyday millionaire theme hour here on The Ramsey Show. We're going to talk about everyday millionaires, baby step millionaires, and millionaires in general, where they really come from. A thousand years ago when I was in college, computers were just starting to be a thing.

This is the early 1980s. And I distinctly remember one of our computer professors and one of our marketing professors saying that it is not too far in the future that our problem will not be a lack of information. Our problem will be too much information. That we will have so much data so many data points so much information that we will be unable to wade through it all and make sense of it all well that was very prophetic they had no idea that Facebook was coming on the scene, no idea that Twitter was coming on the scene, no idea that Instagram and et cetera, et cetera, TikTok, et cetera, was coming on the scene.

And so now we have not only too much information, we have way too many people that have the ability to give us information who don't know what they're talking about. Mainly social media, but even the media. Because you can just stand up a blog and say, I'm an expert. I'm an expert on finance. I live in my mother's basement, but I'm an expert on finance. And so everybody seems to have an opinion and then the thing that went with that was this idea that your opinion actually matters that's an entitlement thing it's a participation trophy thing it's a um you know so let me help you with this.

My opinion about something that I know nothing about doesn't matter. I'm a smart guy. I built a large business.'m work really hard but my opinion about hair care products does not matter i have no knowledge of them and so for me to express my opinion ferociously about hair care products just shows that i'm an idiot that's all it would show it doesn't mean i'm not intelligent it doesn't mean i don't have value as a human being just shows that I'm an idiot. That's all it would show. It doesn't mean I'm not intelligent. It doesn't mean I don't have value as a human being.

It means I have no knowledge of that, so I should keep my freaking trap shut. But in our world today, no one does that because everyone thinks that their opinion matters, even though they have nothing to say about it and have no expertise on it. And so they run around mouthing off all over the Internet. And, you know, if it says it on the Internet, it must be true. Abraham Lincoln quoted that. So, I mean, this is the kind of stupidity that's out there. And so this leads into this whole idea about money and wealth.

So have you heard that wealth inequality is a problem in America? Have you heard that the only way to get rich in America is to inherit your money, to be a professional sports star or a music act or an actor in Hollywood? Have you heard that the only way to build wealth is to hit the lotto because, and they always say it with a whine, the little man can't get ahead. Well, I've watched the little man become wealthy for 30 years, teaching what I teach, doing what I do, and observing people with common sense and dignity going about their business and doing what they're supposed to do, doing what I do, and observing people with common sense

and dignity going about their business and doing what they're supposed to do, getting out of debt, living unless they make, being on a plan, investing in their 401k, getting their house paid off, and voila, they become a millionaire. We started calling them everyday millionaires. We were seeing them everywhere around us, and none of these people inherited their money, and none of them were famous. And they were devastatingly regular people. Singularly unimpressive.

Except for the fact that they did what very few people in this whiny-butt, opinionated culture will actually go do. They got up off their butt, left cave killed something drug at home and took responsibility for their own lives touchdown score and became millionaires and they do it really quietly and you run into them you never know they don't really they're not like fancy dressers they don't drive lamborghinis they're not billionaires they're millionaires a millionaire is someone who has a million-dollar net worth. Your net worth is what you own minus what you owe.

Your assets minus your liabilities equals $1 million. You're a millionaire. Well, it doesn't sound like a lot of money. Well, it isn't a lot of money, but it's more money than most people got. And it's not Lamborghini money, and it's not private jet money. But it is, I'm going to live a good life, and I'm not depending on social insecurity to feed me money because if you invest it you could have an income around a hundred thousand

dollars a year while you sit on your butt okay so that's that's what a million dollars will do for you so it's worth it so we started studying millionaires and then we got everybody started saying ramsey you don't know what you're talking about. You just don't understand. The little man can't get ahead. Socialism is the way. You capitalist pigs, you people have lost your minds, and you just can't do this. You're ignorant. And I kept going, well, yeah, but I keep meeting them everywhere.

So we actually commissioned a study, the largest study of millionaires ever done, and our research team combined with some outside research resources and did an airtight statistical analysis of the largest study of millionaires ever done in North America. Over 10,000 millionaires studied. And we're going to talk to real millionaires this hour to show you what we found. We didn't set these calls up.

We didn't tell anybody what to say. We asked them to call at a certain time or allowed us to call at a certain time, but they're not scripted. We just said, if you have a million-dollar net worth, we want to talk to you because we want to learn what real millionaires do, not what some broke moron in his mother's basement who has an opinion about socialism thinks. You're just a little broken moron, honey. I hope you grow up and get better.

But right now, you're too stupid and you should keep your opinions to yourself because you're misleading people when you say the little man can't get ahead because he does every day. And it makes me angry when you convince some little man that he can't get ahead because you can get ahead. You can beat all the isms, and there's lots of isms out there, and they're very real. There's some ignorant people that will discriminate against you based on the most ridiculous of things. And you have to beat them, too.

And you have to go around the morons that do that kind of stuff. But it can be done, folks. I meet people of every race, creed, color, national origin, immigrant, born, north, south, fat, skinny, bald, or a beautiful head of hair who have become everyday millionaires starting from nothing.

I meet them everywhere. We're going to talk to millionaires this hour only. Not your broke brother-in-law with an opinion. We're going to talk to millionaires this hour only not your broke brother-in-law with an opinion we're going to talk to real ones and see what they say this is the Ramsey Show I saw some recent financial statistics and there was some pretty troubling news. When families were asked how long it would be before they faced financial hardship if a spouse died, nearly one-third said they'd be in trouble immediately. Another 44% said they'd be financially drained within six months. People, it does not have to be this way.

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We're talking to real millionaires. Matt is in Milwaukee, Wisconsin. Matt, what is your net worth? Hey, Dave, about $4 million. Cool. Give me a little breakdown on that. How's it mixed up between your retirement and real estate and so forth? Sure.

Yeah, we have about $ 1.5 in mutual funds, maybe 900 in real estate. That's a paid-for house and a piece of recreational property that we paid cash for. And the rest, 1.6 and change is in retirement accounts, mostly Roth and things like that. Cool. How old are you? I'm 37. Good. Well done.

And how much of this did you inherit i didn't inherit any of it dave okay and what is the range of your income household income from uh worst income year to best income year well the day that i listened to you for the first time my wife and I made about $50,000 combined. And in that time, that was in 2007, our highest income year now is just over $500,000. Whoa, good for you. What do you do for a living? She's a sort of a corporate exec in HR, and I'm a consultant. And that came because of one of the lessons that I got in Financial Peace University. The first one talked about money being amoral and how it's okay to go out and live a meaningful life through a meaningful job, but it's also okay to make money doing it. And for some reason, that lesson was just never bestowed upon me.

I was always willing to work hard. What do you say? Leave the cave, kill it and drag it home. But some work pays more than others. But there was shame associated with making money before, and that took it away. For some reason, yeah. It was embedded in there somewhere. What's your degree in?

My degree is in political science and finance. Okay. And what was your GPA? It was in the high threes, three, six, three, seven. Got it. Okay, cool. And how much of this debt, I mean, how much of this net worth is there because you borrowed money to make money? Well, in 2008, we called into your show, my wife and I, and did our debt-free screen together with you.

And that was the last time we borrowed money. We had credit card debt and student loans and for the year from when i first started listening to you to when we um had our debt free stream i actually get emotional thinking about this um we never borrowed again except for the house and we paid it off in four years yeah so you didn't become wealthy because of borrowed money no sir quite the opposite okay cool you did this really quick at 37 and just 13 years that's pretty incredible very very well done uh from this from the point you said ready set go so what advice do you give to that uh 22 year old out there listening that 28 year old out there listening, I was 24 when I heard your radio program

the first time. And the first is one you've talked about a lot. You just cannot take financial advice from broke people or from most people because most people are broke. You have to go out and seek out and emulate people who really do it the right way. And they're actually kind of hard to find. As you said in the opening of your show today, it's sort of an unassuming group of people. I would consider us inside that category. And then the second is if you're fortunate enough to be able to get a high income and have excess money, act for a little while like you don't. And just give yourself permission to save a bunch and give a bunch for a while, and you just don't quite know what could happen from 22 to 28. It won't happen for everybody, but where it does, it's okay.

What did you pay for your last pair of jeans? Ooh, not very much, $25. Although I have to admit that it's sort of a weak spot for me. I do buy sort of like expensive hunting clothes now so that's my that's my vice you got four million dollars dude it's okay i know right it's hard to wear also you know like you do it for a while it's hard no you said you said unassuming and that's that's exactly right yeah i'll definitely spend more on a gun than i will a shirt hey man congratulations i'm very proud of you well done an everyday millionaire hey real

millionaires who we're talking to kim is one she's in atlanta kim what's your net worth hey dave uh we got a net worth right now at about 2.4 million cool give me a little breakdown on that uh by category so we're a little different than a lot of folks. Most of ours is actually in our retirement savings. We've got about 1.8 sitting there. And then we have a house that's about $450,000. And then the rest of it is just in miscellaneous mutual funds and that kind of thing. So you just loaded up the old 401K?

I did. I really did up the old 401k? I did. I really did. How old are you? My husband, so I'm 53. My husband's 52. And so how much of this 2.4 did you inherit? Not one dime. Zero.

Zero. And your income, worst year of household income to best year of household income? Probably our worst year was around $80,000, and now we're at about $220,000 to $230,000. Cool. What do you all do for a living? My husband is an aircraft mechanic for a commercial airline, and I work with a pharmaceutical company and sales. Ah, good. Both good jobs.

Good. So what's your degree in? Yes. I have a microbiology degree. Okay. And what was your, yeah, good use of that? Yes. It really was.

I mean, you actually know the science. Yeah. So the, yeah, your GPA was what? I think I was around a 3.6 when I graduated. Cool. All right. So you're 53 years old you got 2.4 million dollars you inherited none of it you mainly due to your 401k um someone's listening out there this is the first time they've ever turned on the ramsey show they're riding along in their car and they're going what have i found here here? And the 53-year-old genius who's got $2.4 million tells them they're 25 years old. A, can they do this?

And B, if they can, what should they do? Well, so I have a 22-year-old son, so this is the advice we've given to him, is that while we have a wonderful nest egg of 2.4, it could easily have been triple that if we had been a lot more careful with our money when we were younger and just staying out of debt would have made such a difference for us if we had not gotten specifically more me than my husband i'm the spender he's the nerd um if i had not been so careless with you know i got a good job and i thought i could just out earn my stupidity so to speak and that just didn't really work in the beginning.

So I had some pretty poor money habits that thankfully we were over to overcome after a while. But at least the one saving grace that I had was my husband's voice of reason saying, well, if you're not going to save it in a savings account where you're afraid you're going to spend it, at least put it in your 401k. And so we did. We always maxed those out. But really, you you know it's not complicated it's just simple just to try to avoid debt and don't spend more than you earn you

know live below your means and when we bought our first house we bought it based on one of our incomes so that if either of us ever lost the job we wouldn't lose our home and i think that was a really smart thing that we did too yeah did during this time that you were doing all this did you guys enjoy vacations did you have a life or did you just live in a cave and collect lint so like i said i'm the spender um i actually have a very expensive hobby that i was never willing to give up or sacrifice and that was where? And so that was where a lot of my money went. I'm an equestrian, so I compete and ride horses. Yeah, that's nothing cheap about that. Yeah, exactly.

And then our daughter does it as well, so there were two of us doing it. So we did do that, and we always tried to plan at least one vacation a year, and we would save up for that. And we tried to not use debt to do vacations so let's lay a fact out let's lay a fact out there because you're fairly common fairly typical among millionaires fact when someone says oh i need to yolo because you never know right i need to i need? I need to live now. I wouldn't want to live like that.

I might die later. The fact is, you have had a good life. You've not lived in a cave, never seen the sunshine, just so you could be a millionaire. You didn't trade your entire existence, a quality existence on the planet, for this money.

You went and had a good life and saved some money because you were intentional. That's a fact. So, hey, YOLO, stop your freaking childish whining. Be an adult. Was I unclear? This is the ramsey show so Imagine a world where people never have to worry about money ever again. At Ramsey Solutions, our mission is to teach people how to get out of debt and build lasting wealth. And if that means we have to take on the toxic money culture that says you need debt to get ahead, then we're okay with that. We've seen millions of lives changed, and we will continue to create digital products

and services to help people transform their lives. If you want to join our 1,000-member team on this crusade, we're currently on the hunt for software engineers with expertise in Ruby on Rails, Java, C Sharp, and front-end technologies. Or if you're a UX designer designer or an seo and content marketing specialist we'd love to talk with you together we will disrupt the toxic money culture in america find out about all the available jobs by texting careers to 33 789 text careers to 33 789 to find out about all our open opportunities. It's an everyday millionaire theme hour.

We're talking to real millionaires, people of have a million-dollar net worth or greater, asking them what they did, how they did it. Don't follow the financial advice from broke people. Talk to people that have money if you want to follow a money plan. Kind of a cool idea. Best practices. Kevin is in Orlando, Florida. Hi, Kevin.

What's your net worth? Hey, Dave. We're just over a million, about $1,050,000. Good for you. All right. And break that down for me a little bit. How much? What categories?

Yeah, $650,000 is in 401k IRA and the kids' college funds. We've got about $120,000 between our cars and cash, and then our house is $450,000, but we still have a $140,000 mortgage on it. Got it. Okay, cool. How old are you? 41. And your wife is 40.

Yeah, cool. How much of the million dollars did you inherit? About $5,000 a few years ago when my grandfather passed away. So you're not a millionaire because of inheritance, all right? And your range of income, your best working year household income and your worst working year household income? The range was anywhere from about $40,000 now up at about $200,000. Cool. What do you do for a living? What do y'all do? I'm an airline pilot. My wife is a stay at home mother. Cool. And what's your degree in? Uh, business.

Cool. And, uh, what was your GPA? Mine wasn't great. It was about 3.0 in college. My wife has the brains in the family. She was close to 4.0. Okay. All right.

Good. Very good. Cool. All right. You're 41 years old. You did it. Congratulations. You're not done yet. You've got plenty of time to make this $1 million into $10 million pretty easily, as a matter of fact. What do you tell people that are 25 years old? Can they still do this in today's America?

And if so, what should they do to do it? They can absolutely do it. And the first thing is... I'm sorry, that you cut out. The first thing is what? You need to work hard. Oh, there's that. Work hard, but enjoy life. But the big thing is stay out of debt. I wish we had done that sooner. We only got out of debt aside from the house about four years ago, once we got serious about following your plan. But the last thing I think that's most important is we grew up Catholic, Christian, and it's important to tithe. I was taught from a young age, and we carry through today, that God will always take care of you. I think that tithing is important. Give 10% of your income back to him.

Your needs will be met. I think that goes a long way into helping you achieve financial freedom. That's pretty cool. You can't really mess up being generous. It's a basic principle because it changes you. It makes you into a better, more attractive person.

Generous people are just more attractive than selfish people. I'm just saying. Yep, I agree. And it causes life to be better. So well done. Very, very, very well done. So are you a TV family or a book reading family? We watch a little bit of TV. i'm not a huge book reader i tend to read a lot of uh technical publications uh associated with my job in aviation but um my wife is a big reader she probably reads i don't know at least two maybe three books a month

wow fiction and non-fiction wow okay good very cool very cool hey kevin thanks for your time and thanks for sharing your story. Congratulations. You're doing it, man. You're a hero. You took control of your life. You took control of your destiny. That's how life works if you want to do it well. Charlotte's in Cincinnati. Hey, Charlotte, what's your net worth? Dave, it's right around $1 million. Good for you. Give me a little breakdown on that.

Well, I'll tell you, we owe it all to you, Dave, for helping us get out of debt. We have $450,000 in various retirement accounts. We have about $150,000 in a taxable brokerage account. We have $300,000 in our house, and we have about $100,000 in cash. Good for you. Good for you for you very good how old are you i'm 50 and my husband is 52 okay excellent how much of this 1 million dollars did you inherit we inherited zero okay and what is the best year of your work household income working income best year and worst year range uh when we first got

married we made about twenty five thousand dollars and um recently it's been around two hundred thousand but um this last year and a half we've been living off of one salary because of covid and some medical things and that was easy to do because we were out of debt. And you're a millionaire. And it's going back up as of tomorrow, the new job starts. Oh, good. Excellent. Very good. Okay, what do you guys do for a living? My husband is a director of technology, and I am a teacher.

Excellent. Okay. And so you have a degree in what? I have a master's degree in education. And my husband has a bachelor's degree in communication. Okay. And what was your GPA? Mine was 3.9, and my husband likes to tell the kids that they didn't have GPAs back when he went to school. I like that. I like that. And there were no pretty girls on campus but your mother

yeah exactly i like this guy oh that's fun oh so how much of this one million dollars is there because you borrowed money to create wealth with borrowed money i i would say very little um we really kind of screwed up a long time before we started your plan 10 years ago, and really everything we borrowed just got us into trouble. Yeah, so basically the debt was something holding you back, not propelling you forward. Absolutely, absolutely. As soon as we started your program, things turned around. So it's all from just hard work and saving. What advice do you have to the 25-year-old version of you out there? Well, we are blessed with two kids in that age range right now, and we talk a lot about this with them. I'll tell you the advice we gave them. So live below your means. Take debt off the table as an option don't even consider it um don't listen

to broke people and invest as early as you can and be content with what you have yeah that's powerful that's really good you can fill in for me when i'm off the air one day great job hey charlotte i'm so proud of you guys. Very, very, very well done. Bob is in Indianapolis. Bob, what's your net worth? $1.1 million, sir. Good for you. And give me a little breakdown on that.

House, roughly a quarter million, 401k slash, you know, savings cash, about $450,000. And then our business worth is at least $400,000, being a little conservative there. Yeah. Okay, cool. How old are you? 34, and my wife is 32. Wow, good for you. So how much of this $1.1 million did you inherit? Zero. We inherited a work ethic from our parents. Inherited hard freaking work. I like it. So so household income the best year and the worst year since you guys have been working you know the crazy thing we've been married 10 years and we've never made like crazy money like you know maybe at the beginning like 50 now maybe close

to 75 um my wife is kind of a stay-at-home mom slash helps with the business. What kind of business have you got? Roofing business. Ah, that's hard work, but also very profitable. Good for you. You got a four-year degree? No, sir. We both actually have associate's degrees.

Okay. And so what was your associate's degree in? Environmental engineering. Okay. And what was your GPA? I may have got a 3.0 it may have been just a hair below that okay that works i graduated thank you laudy so there you go yeah good for you man congratulations okay in just a second you're 34 years old you're a millionaire did you ever think in america today you were going to do that you know no but we've been i've been following you probably for 11 12 years so just following

your advice on money but everything you know um family wife kids all that kind of just adds up i am so proud of you brother very very well Congratulations. It's an everyday millionaire theme hour. If you want to read about these folks, you can read about them in the book we have for sale called Everyday Millionaires. Oh, there you go. This is The Ramsey Show. I'm going to go ahead and get started. Our scripture today, Deuteronomy 8.18 Remember the Lord your God, for it is He who gives you the ability to produce wealth. And so confirms His covenant, which He swore to your ancestors as it is today i never dreamed about success i worked for it sd lauder said who by the way started from nothing so we're talking to real

millionaires this hour people have a one million dollar net worth or greater it's an everyday millionaire theme hour a lot of these are baby steps millionaires meaning they followed the baby steps that we teach in financial peace university and became millionaires doing that not everybody did that but we'll talk to you i don't care if you want if you won the lottery i'll talk to you if your grandpa died and left you 10 million dollars i'll talk to you i want to find out where wealth comes from and i've been studying this anecdotally here on the air with people for years now doing this theme hour and of course we did commission and conduct the largest study of millionaires ever done in north america and uh for those of you who question that uh the research is airtight I dare you to do a statistical analysis and find anything wrong

with our surveying process or what we did. By the way, we randomly asked people to call in that are millionaires here, and this is what we get. We didn't hand select or rule out anyone to be on the air as long as they have a million dollar net worth. Alan is with us. Alan's in Denver, Colorado. Alan, what's your net worth? $2.3 million. Good for you. Give me a little breakdown on that by category. Okay, about 40% of it's in our house, and then in a vacant lot we got a good buy-on.

About 40% of it's in retirement accounts, and the balance of 20% is in some non-qualified mutual funds and in cash. Cool. Good for you. Well done. How old are you? 59. 59 years old. And I've met you several times in various events. Well, I'm honored. Thank you. Good for you. Thank you. And how much of this 2.3 did you inherit? My parents passed away earlier this year, so I got about $250,000 from them. That was enough to push it from about $2 to $2.3 million. Okay, so you were already a millionaire, so you did not become a millionaire because of an inheritance, but you added to it with that.

Correct. That allowed me to pay my house off oh very nice good good okay and your best year household income and worst year household income since you guys have been working uh since i started working i was probably about 60 000 during my single working years then after getting married 100 000 for the first half of it, and about $150,000 combined the last 10 years. Gotcha. What do you do for a living? Well, now I'm early retired. I had worked at the telephone company in California for several years. What did you do there? I was various middle management jobs in sales and marketing.

Okay. All marketing. Okay. All right. Cool. What's your degree in marketing? I have an MBA and then a bachelor's in chemistry. Okay. Cool. What was your GPA for the MBA?

3.4. Good for you. Very cool. All right. So you're 59 years old. There's a 29-year-old listening that has 30 years to get where you are. Can they do it? Absolutely, they can do it.

I would have done it much sooner had I not made a whole bunch of errors. Me too. I think we had a lot of carbon copies. You made it quicker than I did. Yeah, I lost it quicker. So what would you tell people then the secret to getting to a $2.3 million net worth working for the telephone company with an MBA at 59 years old is? Keep putting money in the 401k even when you're making mistakes outside of your work and basically losing everything you have. So at least you have a seed base there

and if something doesn't seem right go and ask a second opinion like your parents they probably would have probably would have uh saved you 10 years of your life yeah and not not made friends with wrong people yep that'll do it that'll do it that'll bite you big time hey man thank you for the call and congratulations you're a hero you did it i am so very proud of you i'm so proud of you well done okay so today four million two point four million one million one million one point one and two point three is who we interviewed. 37 years old, 53, 41, 50 years old, 34 years old, 59 years old. None of them were 87. As a matter of fact, none of them were even over 60.

That's fairly interesting. A consultant, pharmaceutical sales, airline pilot, a teacher, a technology guy, a roofing company, and a telephone marketing executive. I didn't hear any NBA players, NFL players, no famous actors, no recognizable household names. Oh, you have to be a genius to be wealthy in America today. Nope. No 4.0s.

One guy married a 4.0. Everybody else was in the 3s. 3.4, 3.0, 3.9, 3.0, 3.6, 3.6 GPAs. By the way, that's the average is 3.6 of all the millionaires we studied. No, it's not 2.6. You have to have a level of intelligence and an ability to apply yourself. I got a... I'm still mad about it.

I worked 40 to 60 hours a week when I was in college, and I graduated with a 2.97. Three one-hundredths of a point, and I'm still bitter after all these years, but there you go. I was that close. Too much beer, too much work, not enough study. And I still made it out okay.

There's no crooks. None of these people were stealing from people. All the rich people, they just steal from people. They just beat up the little men. You are such a bunch of whiners out there. The wussification of America, it's unbelievable. It's just not true is the problem. If it was true, all your whining might be better off.

But what you're whining is telling people that they can't do something that they can do, and you're stealing hope from your own children and from people you have influence over, and you ought to be ashamed of yourself because you should be full of hope in america today i know it's cray cray out there i know there's a bunch of nut burgers running around the streets i understand i see this stuff too i know what's going on but you know what in spite of all of that there's more regular good people than nut burgers the ratio of nut burgers is just about as low as it's always been in civilization there's always a percentage of cray cray low as it's always been in civilization. There's always a percentage of cray-cray out there.

It's just part of the deal. Two percent of the public should be institutionalized. They should be in a rubber room somewhere. But the rest of us are just regular folk. We love our kids. We pet our dogs. We like our spouse. Yes, we actually like our spouse.

We love them, but we also like them. Isn't that weird? But I mean, there's nothing on television that indicates that that's a normal thing, but it is typical. These people get up, they go to work, they live on less than they make, they put money in their 401k, and they get their house paid off. Really sexy. Really mysterious.

It's not mysterious at all. It's just common sense. But common sense is so rare that when you have it today, it's like having a superpower. It puts you in a completely different stratosphere from the characters that are just living for the weekend. Thank God it's Friday. Oh God, it's Monday.

YOLO, you only live once. So be sure you spend it all by Saturday night, you little freaking four-year-old. You're four years old emotionally. You cannot get through, you cannot open a bag of candy without eating the whole bag. Unbelievable.

Zero adult discipline. One definition of maturity is the ability to delay pleasure. And we live in a very immature culture. So just being a grown-up puts you way ahead of other people. We live in a culture where adulting is now a verb. This is how rare it is. Acting like an adult is now a verb. It's not a state of being anymore. This is where we live. So can you become a

millionaire? Oh, definitely. The bar is fairly low actually. Can you be successful in this crazy world? You bet. Show up. Smile. Work hard. Be kind. Work hard. Work while you're at work. Get off your social media account. Somebody's paying you, you little thief. Work. This is how it works, guys. It's not hard. You can do this. That puts us out of the Ramsey Show and 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. This is James Childs, producer of The Ramsey Show. Did you know The Ramsey Show is one of the most popular podcasts in the world? Subscribe or follow today wherever you listen to podcasts.