The Ramsey Show - App - It’s a Baby Steps Millionaires Theme Hour! (Hour 3)

Episode Date: June 22, 2022

Dave Ramsey & Kristina Ellis hear from callers with a net worth of a million dollars or more in this Baby Steps Millionaires Theme Hour.   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 that is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. We help people build wealth, do work that they love, and create actual amazing relationships. I'm Dave Ramsey, my co-host today, best-selling author and Ramsey personality, Christina Ellis joins me. This is a Baby Steps Millionaire Theme Hour. If you are a millionaire, we want to talk to you regardless of how you got there or where the money came from we want to teach america where millionaires come from for real not what your broke brother-in-law's

opinion is but what is where do millionaires really come from and christina we started doing this theme hour we're going to talk to real millionaires. If you have a net worth of over a million dollars, we want to talk to you. The phone number, 888-825-5225. We're not going to talk to you this hour unless you're a millionaire. We want to hear how you did it and what your story is. And we don't really care what the back story is. We want to know because we want you to teach America where millionaires come from. And this started happening, Christina, because I knew that there was a bunch of mythology out there floating around that all millionaires become millionaires because they're crooks.

All millionaires become millionaires because they're rock stars or professional athletes. All millionaires become millionaires because they inherit their money. All of these are lies, statistically. Now, some millionaires are crooks. some millionaires are professional athletes and rock stars some millionaires inherited their money but the vast majority are none of those and we set out to prove that by talking to real millionaires and we've proven it then we went on and did a study uh the largest study of millionaires ever done in North America a few years ago here at Ramsey. And it has become quite the thing because we have over 10,000 millionaires that we've interviewed in detail on how they got there, what they did,

what their likes, dislikes are, what they attribute their financial success to. And, you know, the white paper of that study is in the back matter of the number one bestseller baby steps millionaires because i kept running into people who'd followed the baby steps and became millionaires so i got tired of hearing all these whiners these uh little men can't get ahead victim people out there in america saying you can't do it america's too broken you can't do it. America's too broken. You can't do it. Yeah, America's broken. There's a lot of stuff broken, but you can still do it. And so you just got to decide to and you got to decide that it can happen. But once you decide it can't happen, then 100% of the time it won't happen.

Very true. Yeah, and I think that this is such a great hour and great example because I feel like the myths are especially prevalent with my generation. A lot of people are seeing the computer rock star that becomes a millionaire overnight and they think if I don't become successful like instantly with some type of thing that makes me rich super quick, then it's not going to happen. Bitcoin or nothing down real estate. You fall for get rich quick if you don't understand where millionaires really come from.

Right. Almost none of them follow any of that. Exactly. And seeing our millionaire study, it's like, wait a minute, that's not true. Like a lot of these people are just consistently investing and they're being diligent and it's powerful. Let's talk to our first one. Amy is in Albany, New York. Amy, what's your net worth? Hi, Dave. It's $1.25 million. Good for you. Way to go. Give me a little breakdown on the mix of that. How much of that is retirement? How much is real estate?

How much is whatever? Yeah, so $500 in our retirement, $400 in our home equity, $150 in non-retirement, and $200 in cash. All right. Okay. Investments and $200 in cash. Way to go. How old are you? 34.

Young millionaire. Very good. Way to go. How old are you? 34. Young millionaire. Very good. And how much of this 1.25 did you guys inherit? Maybe $1,500 when I was 18. Okay, so it's safe to say mathematically you are not a millionaire because of inherited money. Correct. And what is your income and best year and worst year since you started working household income so when i graduated i started out at 63 000 and then last year my husband and i

uh grossed 600 000 yo what do you guys do for a living um so i'm an engineering manager and my husband runs an insurance business he He's self-employed. You guys are doing very well. Okay, so part of the reason you did this by 34 is you make an outrageously wonderful income. Congratulations. Yeah, thank you. What else would you attribute the fact that you're a millionaire by 34 to? Just the fact that you made a lot of money or what?

No, I mean, so when we got married three years ago, our net worth was probably around $600,000. And I would attribute getting that far to just consistently saving money for retirement, just like you said a few minutes ago, being diligent with it and staying out of debt as well. Yeah. What's your degree in? My degree is in biomedical engineering. Okay. And what was your GPA? 3.73 okay all right cool all right and um oops get that back okay cool and so somebody that's 24 and listening

what would you tell them they need to do go get a six hundred thousand dollar your income that would help you but other than that what would you tell them to do yeah i would first of all uh thank my parents they gave me the two biggest lessons uh that impacted my financial life personally which is making sure i graduated from college completely debt free and uh they also introduced me to your principles you know when i was 20 years old um so i guess you could say i drank the kool-aidid pretty young. And I've been following that ever since. So you are a baby steps millionaire in that sense. Correct. Yeah. So did you set this goal early on that you wanted to be a millionaire by your mid-30s? Or was this something that you just kind of were consistent and then woke up

one day and you're like, wow, we're getting close. Like, what did this journey look like for you? The goal wasn't necessarily to be a millionaire. I just, I know reading Dave's books and listening to his radio show and his podcast and hearing the pain in people's voices of being tied to their debt. I never wanted to experience that. So my priority financially, when I was single and then being married, is never to use debt in any way. I mean, we have a mortgage, but that's it.

So, Amy, you're 34. You have a $1.25 million net worth. Congratulations. Last question before I let you go. How much of this did you steal? Nothing. Thanks for calling in, hero. Just want to make sure you're not a crook, because everybody knows that rich people are all crooks.

That's how they got to be rich, right? Isn't this the stupid butt stuff people say all the time? That's crazy. Isn't it funny? And yet we talked to sweet little Amy, who's just been doing Dave Ramsey stuff since she was 20. That's all she did. And she went and they got a great income. So they cheated on the income, by the way.

Because the typical millionaire in our study, of them one third of the 10 000 never had a household income over 100 and they still became millionaires so you don't have to have 600 000 income but wow way to go i'm so proud of amy and her husband they're killing it and oh the other one is there's millionaires if you can't be a millionaire if you're not like super smart now she is a bio engineer i mean so she's not dumb and she does have a 3.7 gpa in college she's not dumb but it went to 4.2 she didn't graduate valedictorian with that 3.7 i can tell you that no she just found a process she worked it she was consistent i you know i'm worth several hundred million my gpa was 2.97 i'm still pissed about that three one hundredths of a point um something about beer involved in

that i think i could be wrong but it's possible uh it's a millionaire a baby steps millionaires theme hour we're talking to real millionaires this hour on The Ramsey Show. Hey, guys. George Camel here, and I'm so excited to tell you about the newest product from Ramsey. It's called Gazelle, and it's a digital banking experience that will help you spend and save the Ramsey way with banking services provided by Pathword NA. You'll get a single spending account with no monthly fees, and it's FDIC-insured through Pathword NA. We're offering early access to our beta customers, so you can help us make it the best experience it can be. Just go to ramseysolutions.com slash gazelle to sign up for the wait list today. It's a Baby Steps Millionaire theme hour.

This is the Ramsey Show. If you want to talk about building wealth, we're going to talk about it. We have four live events in the fall in your city. Well, at least four of your cities. And it will be George Camel, Dave Ramsey, Rachel Cruz, Dr. John Deloney, and Ken Coleman will be signing books, taking pictures, and doing an event called Building Wealth where we teach you the real steps to building wealth. So you can be a Baby Steps millionaire, right? We'll be in Phoenix September the 13th, Sacramento November the 1st,

Minneapolis November the 10th, and San Antonio November the 15th. You can get your tickets for $25 or a four-pack starting as low as $60. So bring a bunch of friends. Come out. It's a great night. These are usually a Tuesday, Thursday night, something like that. They're almost sold out. They're all in the 90 percentile sold out.

So they have a handful of tickets each. I know they're out in September and November, but if you want tickets, I suggest you go ahead and get them now, especially given the tickets aren't very expensive. Go to ramseysolutions.com slash events and check that out. You can also check out the October 22nd Dallas Smart Conference. Tickets are on sale there as well. It is a Millionaires Only Hour this hour. We're talking to real millionaires, finding out how they did it.

Mike is in Denver. Mike, what's your net worth about 1.6 million dave cool give me a little breakdown on that by category please how much retirement real estate so on well the house is worth about 700 with a mortgage of about 350 and i've got a rollover IRA worth about $700. And Roth and brokerage that are smaller than that, but total about $500. Good. Very good. Okay, cool. And how old are you? I'm 59. Okay, good. And how much of the 1.6 did you inherit?

A can of steel-cut oats and a 10-pound bag of pinto beans. Sounds like my family. Got it. And in your working lifetime, what was your all's beginning or worst year of income and your best year of income? What's the range? About 65K to 160k. Cool. And what was your career or is your career? I'm an engineer. Okay. All right. And what was your GPA? I assume you have a degree in engineering. Yes, I do. Okay. And what was your GPA? 3.8. Good for you. Cool.

All right. And what do you attribute the fact that you're not 60 years old yet and you are worth almost $2 million? Why? Live beneath your means, and you'll find that if you put away $100 or $200 every month, that when you're busy and not looking, it'll grow into some substantial savings. Any other advice other than that that you'd have for the 25-year-old engineer that's listening right now? Not a whole lot.

I can't see anything wrong with thrift as a day-to-day piece of advice. Have you enjoyed money, though, while you've gone along, or were you just a tightwad? Well, you know, some people think I'm a tightwad. One of my sisters does, but I think I've enjoyed the money. We just all enjoy money a little differently. I buy tools to fix my car. What's the most expensive thing you've ever bought?

Well, I guess, you know i bought a brand new car uh back in 2005 and it was about 28 or 29 000 dollars okay what's the most expensive trip you've ever been on uh i went to tahiti with my then newlywed wife. Nice. And that cost us a few thousand dollars. I bet. Lovely. Were there any major challenges you faced along the way or something you wish you would have known sooner? You know, I don't think my challenges were really substantially different

from the ones that anyone else faces. You know, there's unexpected layoffs and unexpected expenses. And if you've built an emergency fund, though I didn't call it that by that name back then. What'd you call it? It was just savings in case something bad happens. Okay. All right. That works.

You know, I didn't run across your program until two or three years ago. Right. But, you know, like, you know, if you own a house, your water heater is going to go out. Or if you own a car, your transmission is going to go out. One of these things is going to happen. You just don't know when. And if you have some savings savings then this is really inconvenient

uh but it won't kill you but if you don't have any savings it could be cataclysmic yeah absolutely absolutely well done mike good good call man thank you for sharing your story with us you're a hero we're proud of you don is in st louis don what's your net worth uh 1.76 million cool and give me a little breakdown by category on that please well our retirement accounts uh we have in the in the neighborhood of right at a million uh the house is around 480 000 we have about 130130,000 in cash, and then we have a 529 account with a little over $45,000 in it. Got it. Cool. How old are you?

48. Good, good. And how much of the 1.76 is there from inheritance? I did inherit $25,000 from my grandmother, but I took that, paid off the loan I had on my truck, and then I paid myself back. Mm-hmm. Okay. And how long ago was that? That was probably 15 years ago.

Okay. Do you think that's why you're a millionaire? The inherited money? No. No way. Okay. Mathematically, it wouldn't be, but i'm just double checking okay and uh so what's your best year of income household income and your worst year of household income since you guys have been working uh best or worst year probably

a hundred thousand and i would say our best year is probably going to be this year, probably top out around 210,000. Excellent. Good. What's your career? I am an industrial hygienist. Okay. All right. And what's your degree in?

Industrial hygiene. Go figure, yeah. Okay. And what was your GPA? My GPA was a 3.68, and my wife, she's a teacher. Herbs was a 4.0. Ah, okay. All right, and a teacher.

Good. All right. All right, so she's the smart one of the bunch, huh? Yeah. All right. What advice have you got for the 24-year-old out there listening to us right now? I would tell them that plan, stay on top of it, be patient, and don't worry about what the Joneses have.

What's the dumbest thing you did with money in your life? Bought some cryptocurrency. You did that recently yeah and it's worth absolutely nothing how much did you lose a couple hundred bucks but oh um you know it's more or less play money yeah but uh you know you know when you lose it it hurts yeah it hurts your pride psychological it lose it, it hurts. Yeah, it hurts your pride. Psychologically. It does. It does. It hurts your pride.

But, you know, I've probably done other dumb things, probably buy something that I didn't necessarily need or I don't know. There's probably other dumb things that I've done. I got you. Okay. Are you guys, are you readers or are you TV people? I would say we're more TV people. Okay, cool. Good, good.

What would you say is your biggest key to success in this? The biggest key is you have to plan. This is not something that you have to it doesn't happen overnight you know if you take back and you look at our story here this has been going on for 22 years yeah and yeah it started out small and and it's grown and it's grown but if we didn't sit down and plan it out and think about what we wanted to be in in 20 or 30 years or maybe even 40 years, it's never going to happen. Absolutely. Hey, thanks for sharing your story.

You're a hero. In other words, you don't win on accident. Winning is not an accidental act. It is an intentional act. I love it, Don. Thank you for sharing. It's a Baby Steps Millionaires theme hour here on the Ramsey show. It's a Baby Steps Millionaires theme hour. Thank you for joining us. We're talking to real millionaires this hour.

Someone that has a net worth of a million dollars or more. Now, let me help you with this, because sometimes people get a bit confused or ignorant about this. Okay? Ignorant meaning they don't know. Stupid is they know and they don't care um but a net worth a millionaire is not a moral construct it's not a oh that's too much money or you no one should have that kind of money no one should be a billionaire no christian should have that much money it's not a moral construct millionaire is a math equation and an accounting formula there's only one way to decide if someone is a millionaire or a billionaire only one

it's not a feeling it's not a political statement it's a math thing a millionaire is someone who has a net worth of one million million or greater. Your net worth is calculated only one way. There's only one way to calculate net worth. What you own minus what you owe. Assets minus liabilities. That is your net worth. Period. Simple. When that is $1 million or more, what you own minus what you owe is $1 million or more. You are a millionaire. It is not a million-dollar-a-year income. I heard an idiot congressman the other day, a U.S. congressman. Well, he makes a million dollars a year.

He's a millionaire. You're an idiot. That is not the definition of a millionaire a billionaire is someone who has a net worth of a billion dollars and by the way that's a lot more than a million that's a thousand million very few billionaires lots of millionaires the the process you use of building wealth to become a millionaire will not make you a billionaire. The Forbes 400, the 400 wealthiest people in America are all billionaires. None of them did it with their 401k. And almost all of our millionaires have a huge 401k, huge Roth IRA, and a paid-for residence.

And that's the primary pieces of their net worth that we have interviewed and that we've interviewed today, for that matter. So that's where millionaires really come from. Your first $1 to $10 million of net worth will come from those two sources primarily. But you will not become a billionaire saving in your 401k it is mathematically impossible because you're limited on how much you can put into your 401k if you maxed out a 401k every single year of your working life it would not be a billion dollars no matter what the growth rate was it's not going to get there because that's a thousand million millionaires do not have private jets billionaires do millionaires do not have seven homes billionaires do millionaires have two cars

one house maybe a beach condo but very few of them have three or four residences around the world. It's highly unusual. Those are billionaire things that people do. And when you're a billionaire, if you have a $10 million jet, a $8 million beach house, it's still a small percentage of your $1,000 million. Think about it. And so it's not a big deal but but when you have when you when

you have 10 million dollars you don't need a 10 million dollar jet that's a bad idea okay you see the difference so people get confused about emotionally what a billionaire is versus a millionaire it's one of the things we talk about in this book that became a number one bestseller baby steps millionaires where we discuss how people have become millionaires, how you can become a millionaire, and the differences of billionaire. I'm not teaching you how to be a billionaire. The techniques that we teach you at Ramsey will make you a millionaire. They will not make you a billionaire.

We don't teach you those techniques. Most of those people are people that owned a large business and took it and or took it public and the stock from it. OK, so the Michael Dell, the Chick-fil-A, Walmart. These are families that are billionaires, several billionaires in some of those families and it's from the growth of a huge business more than it was simply saving and getting the benefit of compound interest jeff and stephanie are with us in california what's your net worth 2.8 million cool give me a little breakdown by category guys 800 000 in our primary residence, about $850,000 in rental properties, $700,000 in various retirement accounts, $250,000 in a taxable brokerage, $185,000 in cash, which is mostly

operating money for our various businesses, and $60,000 in our kids' 529 plans. Cool. How old are you guys? I'm 42. I'm 39. Excellent. How much of the 2.8 did you inherit? I inherited a rental property which was worth about $350,000 a few years ago, but my net worth was already about $2 million at that time. So you're not a millionaire because of inherited money? No, I'm not. Okay, cool. All right, $250,000 after. All right, got it.

And what's been the range of your income, your best year and your worst year? Worst year, probably about $100,000 shortly after I got out of law school, and our best year, about $450,000. Okay, cool. Very good. All right, and so you've obviously got a law degree. And Stephanie, what's your degree in? I collect certifications, but my two primary income earnings is a real estate broker and a paralegal.

Got it. Okay, excellent. Very cool. Very cool. So what was your GPA, guys? Mine was 3.87. I'm a nerd. I'm the free spirit.

I'm 3.42, but I only got that because he was my tutor through college. Ah, I see what happened here. Okay. Good job, guys. Way to go. 42 years old and almost $3 million. Well done, y'all. How did you do it? What was the biggest key to success

for y'all? Dave's advice was a big part of that. And I actually wanted to take this opportunity, Dave, to just say thank you for changing my life. My dad introduced me to your material back in 2013. And I read some of your books and I was listening to your podcast all the time. And I heard you take a call that really resonated with me. A young lawyer had called in a couple years older than me at that time. He had a little bit of law school loan debt left and he had a rental property. And you told him, hey, son, this is what you need to do. You need to sell that rental property, take the money and pay off your law school and stop screwing around.

And that really spoke to me. And I did that, and it put me on the right path. And with your teaching, it's changed my life, Dave. So thank you so much. Well, thank you. You changed your life. We're proud of you, man. Well done.

Very well done. There's a lot of broke lawyers out there, and you're not one of them. Good job. Good job. Very, very good. No. No, I'm not. And I just can't thank you enough for not just changing my life, but changing my kids' lives as well.

You do a great service for everyone, Dave. Well, we're honored. I appreciate that. But, again, you're the hero. You did this, man. I'm proud of you. Thank you. I'm glad you followed our stuff, though.

I like talking to Baby Steps Millionaires. That's pretty cool, man. Very good stuff. And got started young. Very, very well done congratulations guys good job very good job so yeah when you read on some stupid but social media thread or something dave ramsey doesn't know how to build wealth he's only helped you with getting out of that um you can just remember you know some of these calls. And it's not to brag on me, but the point is it aggravates me

because it makes people think that the stuff we teach doesn't make you wealthy. And we've probably made more millionaires than anybody else in America right now. But we did it by getting them out of debt and teaching them to save and invest in their retirement plan. And so it's not sexy or fun or get rich quick, and it doesn't match some Bitcoin scheme or some TikTok dance crap or something like that that you guys are getting. You're getting your financial advice from a 24-year-old moron.

I'm sorry, but, you know, that's not helpful. This is the stuff that really works, and it aggravates me, not because I care about y'all bitching about me or something that's not the point the point is that then somebody like jeff and stephanie don't become millionaires because they listen to that garbage instead of doing the stuff we teach because this stuff works this will make you wealthy that's why we called the book baby steps millionaires and that's why it's you know sold several hundred thousand copies already, because it freaking works. It's a Baby Steps Millionaires theme hour on The Ramsey Show. guitar solo Our Scripture of the Day, Acts 4, 12.

Salvation is found in no one else, for there is no other name under heaven given to mankind by which we must be saved. Speaking, of course, of Jesus. Phillips Brooks said, Christianity helps us face the music even when we don't like the tune. That's good. I love that. It is a Baby Steps Millionaires theme hour here on the Ramsey Show. Christina Ellis, Ramsey personality, is my co-host today. We're talking to real millionaires, people with a net worth of a million dollars or more, asking them how they did it, not asking your broke brother-in-law his opinion. Lance is in Indianapolis.

Hey, Lance, what's your net worth? Hi, Dave. It's $1.8 million. Cool. Give me a little breakdown by category, sir. Yeah, we have $1.3 million in different kinds of retirement accounts. Our house is probably worth $200,000 right now. We have liquid cash of $200,000 and a $529,000 of $100,000.

Cool. How old are you? I am 47 and my wife is 46. Excellent. How much of the $1.8 million did you inherit? I think with her mom, parents passing away, and my grandmother, we probably inherited about $50,000 total. Were you already millionaires? Yes, we were. Okay, so it didn't make you a millionaire. Okay.

No. All right. And what's your best year working income, your worst year working income? What's the range since you've been working? Yeah, well, I started in the Philippines in 1996 as a teacher, and I only earned $200 a month. That's equivalent to U.S. dollars. When I came in the United States in 2002, probably the worst year was my intern, which I have $40,000 a year. And my best year was last year when I hit $185,000 because of COVID.

We have a lot of overtime and everything like that. Yeah. What do you do? What's your career? I'm a pharmacist. I'm a pharmacist. Excellent. Okay.

All right. Very good. And so were you a U.S. citizen or were you born in the Philippines? I was born in the Philippines. Actually, I was there at the Dave Ramsey show 10 years ago yesterday. We had our death free screen 10 years ago there. So since then, I was a citizen. We became citizens in 2017.

Excellent. Wow. Good for you. Yep. So proud of you. Yep. Way to go, man. That's awesome stuff.

Interesting statistic, folks. You are four times more likely to become a millionaire if you come here from another country legally than if you were born here. Because they actually believe that this is the best place on the planet. That's why they came here. And some of you grow up here and sit around and whine instead of going and getting this done. And so that's not unusual at all by the way and uh very very interesting stuff all right let's go to william in houston and william what's your net worth um one million two thousand dollars one million bucks a flat i love it good for you there. You made it over the wire.

All right. So what is your breakdown on that million dollars? So our house is worth about $450,000. Retirement, we have about $440,000 in it. $95,000 in cash. And then $15,000, $15,000, $20,000 in just valuables. How old are you? Me and my wife, we're both 32.

All right. Young millionaires. Cool. And what's your best working year income and your worst working year income? So when we were both working, I think our best year was $225,000, but now it's just me. So about $125,000. Gotcha. Okay.

And what do you do for a living? So I'm a nurse practitioner and my wife's a chemical engineer all right very good very good you think this can still be done if you're 24 out there listening yeah absolutely i i wish i was as smart as my wife when i was 24 because uh if it really wasn't for her we wouldn't be in this position. But, no, it's absolutely possible. You just got to have a game plan. So if you could go back to your 24-year-old self, what would you tell him? Oh, God, don't be an idiot.

I think that's universal right there. You know, I mean, focus in school. College is not for fun. It's, you know, for school school. College is not for fun. It's, you know, for school. And don't go into debt. Like, don't buy a new car. Again, don't be normal, you know. Be a little bit abnormal.

Yeah, be weird because you are weird. You're a 32-year-old millionaire. Way to go, dude. Way to go. All right, so let's review. We had a 1.25 million, 1.6 million, 1.76 million, 2.8 million, 1.8 million, and 1 million. 34 years old, 59 years old, 48 years old, 42 years old, 47 and 32 years old. Engineer, engineer, engineer, real estate lawyer, pharmacist, nurse, engineer.

Number one, and by the way, occupation of millionaires is engineer. Number two is accountant accountant number three is teacher number four is a manager in business uh number five is lawyer medical doctors don't even make the top five they're number six they're notoriously stupid with money like a lot of artists are but they are the number six highest likelihood of millionaires but they earn a lot of money so it's good it's very good that's the real world 79 of millionaires according to the largest study airtight research of millionaires ever done 79 received zero inheritance another five percent received a small inheritance like we heard today fifteen hundred dollars something like that that did not mathematically cause someone to become a millionaire

another five percent received a substantial inheritance after they were already millionaires like we had a 250 000 today or 50 000 today okay after they were already millionaires so again 79 zero five percent with not enough to make you a millionaire five percent got of inheritance after they were already millionaires 79 and five and five is 89 90 of america's millionaires nine out of ten are not millionaires because of inherited money so when you hear that crap from your leftist idiot friend who's about wealth inequality, they are absolutely wrong. Why is that a big deal? Because when you spread lies that steal hope from people,

it causes them to not go out into the marketplace and win. I can't be a millionaire because all millionaires inherited their money. only way i'm gonna be a millionaire is get it from the rich people so i gotta elect somebody who takes it from the rich people and gives it to me see this is stupid but stuff and it's a narrative that has to be squashed because it's a lie it's it needs to be killed because it's it's this war on success. And it's just not true. That's the other part of it. It's just statistically not right. So there's that.

I can't stand hope stealers. I'm about giving hope. Yeah, and I mean, these stories today, it's all about intentionality. They walked through a plan, they were super intentional, and then they made it happen. Yeah.

They were intentional. You plant corn corn grows whoa what happened who knew you know you know that's just that's the thing and it's so funny and you know i put money in my 401k every one of them every one of them had you know seven eight hundred thousand a million two in their 401k roth iras every one of them every one had, you know, $700,000, $800,000, $1,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000, that make people millionaires most of the time is you're putting money in your 401k plan and you get your house paid off there's some other stuff you can do but that's the two big ones if you ignore those you're not gonna get there bozo why is this hard find the data and follow the data the bread crumbs are right there hansel and gretel do it you know it not hard. Yeah, you just got to make a plan and stick with it.

None of these people were, it wasn't an accidental process. They weren't like, oh, whoa, I'm a millionaire. What happened? Who knew? None of them were surprised. Yep. And they all believe the next generation can do it. They don't believe it's over.

So they haven't given up on the American economy is rigged. No, it's not. It's not rigged. No, it's not. It's not rigged. One thing for sure, you can't get rich people to agree on nothing. They can't get together and rig it because they can't agree with each other. It's pretty simple, y'all. There's plenty out there for you. And we want you to go win.

We really want you to go win. Baby steps millionaires an hour. Good job, Christina. Good job, Christina. Good job, Austin, Ben, Zach, Andrew, James, Kelly, and the booth. I am Dave Ramsey, your host. 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.

Have you been inspired to make a change with your money? Want to know where to start? Take our three-minute money quiz to get a plan you can follow. Go to RamseySolutions.com and search for Get Started to get a plan for your money.