The Ramsey Show - App - Join The Millionaire Movement (Hour 3)

Episode Date: September 13, 2018

The show about you

Live from the headquarters of Ramsey Solutions, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. We're glad you're with us. This is a millionaire theme hour, an everyday millionaire's theme hour. And we're taking calls this hour only from people with a net worth in excess of $1 million. We started doing this about three years ago, and it has, well, it struck a nerve with you guys out there, our listeners. It struck a nerve with all of us in the building, and we started going, wow, this financial peace stuff we've been teaching for 30 years is working.

People are using it, they're following it, they're getting out of debt, they're using the fact that they don't have any payments to fill up their 401ks, and they're becoming millionaires. So we decided to actually start having millionaires call in here on the show and tell their story so we would know where they come from. And we started going, there's something to this, because there are a lot of false messages about millionaires in the marketplace. So Ramsey Personality, Chris Hogan, joins me this hour.

He's become Mr. Millionaire around here, because he and our team, along with an outside research firm, put together some serious research methodology, and we've now interviewed over 10,000 millionaires, and the result is coming out in Chris's new book in January called Everyday Millionaires, How Ordinary People Built Extraordinary Wealth and How You Can Too. Welcome back to the microphone, Chris. Well, thank you, Dave. It's good to be with you.

This is turning into a movement. There's a thing around this subject, and all we're doing is recognizing it, highlighting it, and validating it, that this idea that you are not stuck, you are not a victim, you can be a millionaire. So if you're a millionaire, regardless of how you became one, we want to talk to you this hour. Now, what's a millionaire? It's not someone that makes a million dollars a year. I see in some of the writings people say net worth millionaire.

That's the only kind of millionaire there is. There's not another kind of millionaire. So you don't need to say net worth millionaire. It means net worth millionaire when you say millionaire. Because what your net worth, Chris, is. It's what you own minus what you owe there it is dave it's not complicated it's not a fancy mathematical equation just think about that think about your home if it's paid off think about your 401k your iras add all that up and subtract out whatever you owe on and that'll

give you your net worth so what's your home's worth minus the mortgage right is the equity in your home and that goes towards that bottom line on the net worth. Your 401Ks minus the debts you've got. The difference in what you own, what you owe, your assets minus your liabilities, is your net worth. And when you reach a million dollars, you're not done, but it's a nice place to be. Yes. And back in the day, it was a big deal to be a millionaire.

Nowadays, there's a lot of them out there. But we want to talk to real millionaires, regardless of how you got there, to find out your story. Tyson starts it off this hour in Houston. Hey, Tyson, what's your net worth? About $1.6 million. Very cool. And what's that broken down in? How's that invested? Break the 1.6 for me. I have $950,000 in a rollover IRA from a former 401k. Mm-hmm. About $180,000 in a current Roth 401k. Mm-hmm.

$45,000 in a Roth IRA. Mm-hmm. Approximately $250,000 in company stock. Mm-hmm. About $30,000 in company stock, about $30,000 in cash, and the balance is equity in the home. Okay, very cool, very cool. How old are you? 48.

Good, you're a young millionaire. Well done, very well done. How much of this 1.6 did you inherit? Zero. Okay. And let me ask you, what was your worst income year and what was your best, Tyson? The first year that I started working full-time, I guess you could say, was about $20,000. Mm-hmm.

And the best income year so far is about 170. 170. Very good. And what is your career? I work in the oil and gas industry. Oil and gas. And did you go to college? I have a two-year associate degree, actually, in drafting. Okay. And do you remember your GPA? I think it was around a three. Okay. And do you remember your GPA? I think it was around a three. Okay. Very good. And do you do any giving as a family? to our local church, and then various opportunities in other areas, charities.

Whenever possible, we like to donate to other needy families or things like that as well. So how much of this net worth is there because you borrowed money to cause you to be wealthy? None of it it's all there because of uh saving and investing in 401ks and iras okay all right and tyson i know you're in the oil and gas industry i know the answer to this but i'm going to ask anyway what's the most you've ever paid for for a pair of jeans i actually bought one pair of jeans for about $60 one time, and it about killed me. But I normally buy $25 to $30 Wranglers. All right.

Very good. And are you a reader? Somewhat. I don't read a whole lot. I am currently reading The Millionaire Next Door. Sarah's got Tom Stanley's daughter. Tom passed away a couple years ago as a friend, and his daughter has a new one called out, The Next Millionaire Next Door,

coming out in October. And we're reaching out to her to try to have her on the show, help her promote that book, because she's in the same millionaire space still doing it. And that Millionaire Next Door is 1992, man. I mean, it's been out there a long time, but it's still solid information. Very well done. Hey, man, thank you for calling in. We appreciate you joining us.

We appreciate you sharing with us. James is with us in Cincinnati. Hi, James. What's your net worth? Hi, Dave. Net worth is just over about $1.1 million. Okay, and break that down for me. Okay, so it's about $750K in investments, and then $350K in my house.

Okay, cool. How old are you? I'm 54. Okay, and how much of this million-dollar net worth, million-one net worth did you inherit? None of it. Zero. Okay. And, James, tell me this.

What was your worst income year, and what's been your best so far? Okay. So I started out, I enlisted in the Air Force in 1982, and I was making around $20,000. Okay. Last year is about $200,000. Okay. Last year is about $200,000. Okay. Very good. And what career are you in?

So I'm a retired Air Force, and now I'm a DOD civilian. Fantastic. Well, thank you for your service, my friend. Did you get your degree? Oh, yeah. Okay. What was it in? Undergrad was in business.

Very good. And you remember your GPA? I do. It was a 317. Very good. Very good. Very cool. Well done, sir.

Proud of you. Great job. Love it. 1.1 million, 1.6 million, talking to real millionaires on an everyday millionaire's theme hour right here on the Dave Ramsey Show. Did you know that if you combine the data breaches that have occurred in the past 12 months, almost every American has had their personal info compromised or hacked. Over 50% of our listeners and viewers tell us that they or someone in their family has been a victim. And 70% of those folks have had it happen more than once. See, this is unbelievable. Once thieves get your info, the risk never goes away, and they can use it whenever and however they choose.

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We are all at risk, and it doesn't make sense to wait. Numbers don't lie. That's Zander.com or 800-356-4282. It's an Everyday Millionaire's Theme Hour. Chris Hogan's new book is on presale right now. It comes out in January called Everyday Millionaires, How Ordinary People Built Extraordinary Wealth and How You Can Too. It is the synopsis of and Chris's commentary on the largest study of millionaires ever done. Over 10,000 millionaires. Some of them Dave listeners. Some of them not. Thousands and thousands

of people on the list that never heard of me. And we're not answering that. Of course the people calling in on this show have heard of me. That wouldn't make sense otherwise. But the interesting thing is is that literally almost none of them inherited their wealth it blows me away less than 10 oh i know and i think that is one of the assumptions and myths that we chop down in the book everyday millionaires people assume that dave they think that people only got it because they inherited it or they got lucky. That's two of the big myths that I chopped down. And the reality is, is they didn't inherit it. It is a very small percentage that inherited anything. And then the luck side, not at all. They were focused. They followed a plan and they were consistent over time.

And the other thing we found was they were really not um to use a politically correct term they were not somehow privileged people they were not um you know the privileged class the privileged race we didn't find any of that either no not at all i mean as a matter of fact we're there are people in here the stories are phenomenal i can't wait for people to read it to get the stories but there were people that came from less than nothing. One gentleman was on welfare and began to turn things around. Another one had nine siblings and slept on the floor with three of his brothers in the corner of a room. Hardly privileged.

Not privileged at all. So when people say that, I get irritated because i've talked to these people these are everyday people that got serious about their future well it's insulting to the people who paid a price to win that somehow they didn't pay a price to win is what some policy wonk or some political hack is saying or somebody with just an ideology you know that kind of a thing it's just ridiculous so the the statistical you know, that kind of a thing. It's just ridiculous. So the statistical, you know, there's a problem with all this stuff. There are facts.

That's the problem with some of these ideas. There are facts, actual data points with detailed, properly done research that dispute them, dispute the mythology. So Bill is with us in South Bend, Indiana. Hey, Bill, what's your net worth? Hey, Dave, Chris. Yeah, my net worth is $1.2 million. Got it. And break that down for me.

How's that invested? As far as, well, probably about $250,000 of its residents, and the remaining is mutual funds. So you've got about a million in your mutual funds in like your 401K or what? Yes, sir, a 401K. We've got IRAs as well, non-work related. My wife has a 401K. We have an HSA as well.

Good. And how old are you? 58. Gotcha. And how old are you? 58. Gotcha. And how much of this did you inherit? I didn't inherit any, Dave. Okay. And, Bill, tell me this.

What was your worst income year and your best so far? Well, my worst income year, I guess, was when I was 18 years old when I got my first job. I was working at a grocery store. After that, joined the Navy. Probably, you know, the big thing back then was the Navy. It's not an adventure. It's a $90 a week paycheck. So we, you know, we enjoyed that and probably got about $1,500 a month there. And now my wife and I are probably we're earning somewhere close to $130,000 a year. That's your best year? Yes, sir.

Okay. What's your career now? Career, I'm in the automotive industry working disc brakes. Got it. Cool. Okay. Logistics. Okay.

And, Bill, did you go to college? Yes, sir, I did. Okay. And did you go to college? Yes, sir, I did. Okay. And did you get a degree? Yes, I got the Bachelor of Science in Business Administration. All right. And do you remember your GPA? GPA was 3.3. Okay. And did you ever borrow any money to help you build wealth? None.

Okay. I never borrowed money to build wealth. Bill, thank you. Thank you for your service. We appreciate that. What advice would you give the 25-year-old you that's out there listening right now? Well, my 25-year-old me, I didn't start investing until I was 28. So that would be right there, be what I would tell myself,

you should have started sooner. And I think that we had an opportunity, my wife and I, when we were about 23, 22 years old, and we didn't take advantage of it. So that's what I would tell my 25-year-old self. Start early. And so the secret to being a millionaire at 58 years old is what? Hard work. You know, I think of my life.

I grew up in a lower middle class family. My dad was the only breadwinner in our family. We had six kids. The environment, it doesn't matter what environment, you're raised dead. You take advantage of what you got and you take it and you run with it. And I knew when I was 18 years old, I had college fully paid for because my father passed away when I was 10 years old. And so there was a Social Security that would cover that. And I said, no, I'm going to go in the Navy.

I'm going to set out on my own and, you know, blaze my own path. You think this can still be done? Yes, sir, it can. I've got three boys of mine now working on each one of those, taking what they have, what we've learned over the years, and letting them go forward with it. They all got jobs. They all put money into a 401K or Roth IRA, and they're young.

I mean, my youngest is 21. He's been doing it now for two, two and a half years. My middle one's been doing it for about two and a half years. He's 22. So, you know, they got the right path. And my oldest has been doing it now for about four years. Very cool. Good job.

Excellent. Excellent. What's your favorite book you've read in the last two years? It's not a Ramsey book. that's not a Ramsey book? That's not a Ramsey book? Wow, I'm in the middle of reading one now called Final Destiny by Joseph Dillows. So I'm in the process of reading that book. That's been a pretty solid book right now, Dave.

I bet. What's that about? It's Final Destinies, basically a biblical prophecy and end times. Oh, okay. Okay. I didn't know which destiny we were referring to. That makes sense. Okay. Cool. Hey, man, congratulations.

Very, very well done, sir. Very, very proud of you. Excellent stuff. Adam and Christine are with us next. What are your net worth? What's your net worth, guys? It's a total of about $812,000. Oh, I'm sorry. A total total is $1,060,000.

Just barely a million. Got it. Okay. Break that down for me. What's that invested in? That's $590,000 is in the federal drift savings program and CalPERS, $85,000 in a Roth, $117,000 in a money market, $20,000 in cash in our local checking account, and then about $250,000 is the conservative value of our equity in the house. Excellent.

How old are you guys? I am 38, and my wife is 40. Whoa, young millionaires. How much of this did you inherit? I inherited about $11,000 about 20 years ago in my late teens from an uncle who wanted to be their rich uncle to his nieces and nephews. Okay, so almost nothing. All right.

And what's your best year of income and your worst year of income? Worst year is probably both of us right out of college making about $27,000 to $30,000 each before we were married. And currently it's $148,000. Cool. What do you all do for a living? I'm an investigator with the federal government, and she's a stay-at-home mom. Okay. Very cool. And that's the income. Cool. What's your degree in? I have a bachelor's in criminal justice and psychology and she has a bachelor's in criminal

justice. Right. And what was your GPA? Mine was 3.9 and hers was about a 3.2. Excellent. Well done, you guys. Well done. Thank you for joining us. Excellent stuff. Chris, the trend continues. Everyday Millionaires here on the Dave Ramsey Show. We need to talk about something you've been hiding. It's your smile. Your teeth aren't straight, and you think you don't have the money or the time to get them fixed. You think your only option is to go on covering your teeth every time you laugh. Well, here's some good news. With Smile Love, you can have a completely confident smile, pay thousands less than what you expect,

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New book coming out in January. It's on sale now called Everyday Millionaires, How Ordinary People Built Extraordinary Wealth and How You Can Too. And it's, as we've said a hundred times, all about the study and all about Chris's insights from the study that is the largest study of a millionaire's ever done, ever. And it's very insightful. It tells us a lot of things. So far this hour, Chris, we've not had anybody over a $2 million net worth, between one and two in every case, 1.6, 1.1, 1.2, 1 million. But some young ones, some 48-year-olds, some 38-year-olds, and that kind of thing.

So far this hour, no one was a millionaire because they inherited the money, which is not unusual. The other thing we hear sometimes, and, you know know it's people that are just envious or jealous and they say things like well you know you can't have that kind of money unless you stole it you ever heard people say that yes i have you have to you have to you have to mess somebody over and the truth is that that's kind of a weird way of looking at things think about this if you know a person in business guy guy owns a restaurant, lady owns a massage therapy operation, jewelry store, a guy runs a car repair place or sells cars, a car dealership. If you rip someone off and get their money, you can do that.

It's possible in any one of those situations. What will they do? Tell everybody they know. Everyone. That's right. And so let's say you ripped off two people. They're going to tell three people. They're going to tell four people.

They're going to tell everyone they know. And the natural economic reaction to being a crook is you get run out of the business because people catch on. I mean, so this idea that somehow you steal your way into wealth by messing people over, it can happen on the short term like a Bernie Madoff kind of a thing, but eventually it comes out. That's right. eventually it comes out that's right eventually it comes out and so the idea that all the wealthy people out there that have been wealthy for decade upon decade upon

decade and have been building their wealth over a period of time are crooks and are somehow have done something some crime against society right is absurd it really is dave and what i found is it's an excuse what i found in looking at it and digging in and talking to people, that mindset means I'm going to come up with that excuse. So I don't have to deal with me. That's exactly right. And so the reality is we need to be careful of the words we use. We need to be careful of the comments that we make because I'm telling you, of the 10,000 people that we studied, every single one of them were hardworking and honest people.

These were people that worked really, really hard. And so to me, when I hear that comment that they were a crook or they had to take advantage of someone, it gets me fired up because I know of the people that I've talked to, none of them were that. And in most cases, they've actually served someone. If you're running a business and you serve someone, the more people you serve, the more profit you make. That's right. If you do an air company and you fix two air conditioners, you make X number of dollars.

But if you fix 20, you make 10X. But 20 people got their air conditioner fixed, not two. And so you make more money the more people you help. That's how business works. Yeah, Dave, you're doing fancy math right there. That's fancy math. But, I mean, we have to. We have to stop those excuses.

And I want people out there, America, I want you to correct people when you hear that. Because any time you say all all now you're in danger. You're in danger because you don't know the stories and you don't know what people have sacrificed. You don't know the kind of giving Dave. I'm going to tell you, there are some giving stories in here that honestly give me goosebumps. The way that people have given back. And I'm talking anonymously, the things that they're doing under the radar because they have that kind of heart and that kind of character. It's amazing.

I can't wait for people to read these stories in the book. Well, because they tell me that if I do certain things, I can be one of them. I don't have to be a victim. And it's what Condoleezza Rice said at Entree Summit last summer. She said, it doesn't matter where you came from. It matters where you're going. And so, you know, know people like me people from my neighborhood people of my race people of my education level people of my yeah well it doesn't

matter where you come from what matters is where you're going it really is i had a guy call in on my show the chris ogan show and uh he was from texas and he said he remembered he got his his mom's last 50 bill to go out to get his life situated and he said on that he got his mom's last $50 bill to go out to get his life situated. And he said on that drive with his mom's last $50, he made a decision of what he was going to do with his life. And he said he was going to make sure that wasn't used in vain. And that was a turning point for him. He was one of seven. His mom was on welfare.

He had been on welfare. And that turning point, he's now got an estimated net worth of around $1.5 million. Went into business for himself, doing jobs other people don't want to do. That's what he called it. He's in cleaning. He's doing things. So when people say it can't be done, that the American dream is not alive and well, I disagree. I know it is, and I've talked to people that are living it.

Love it, love it, it love it well done alex and jennifer are in seattle washington hey guys what's your net worth we are at 1.2 million good for you and uh break that down for me how's that broken out investing between house and so forth we We're about $725,000 in mutual funds, $401,000, $529,000 plans for the kids, cash, and a small stock account that I still have. And then we have about $480,000 in equity in our home. Good for you. Very good. How old are you guys?

I'm 47. And I just turned 50 last month. Okay, very good. Very good. How much of the $1.2 million did you inherit? None. Zero. Zero, okay.

Very good. Okay, tell me your worst income year and your best income year. We've been married about 19 years. So we started off about $90,000. We averaged for $1aged for 115 for many years. We worked part-time when our kids were young. Last couple years, Jen has a lucky level marketing business, and she's an OT, so we're at about 170 now. All right.

Very good. And what career are you all in? So I'm an occupational therapist. And I'm a physical therapist. Ah, family of therapists. Very good. And did you all get your degrees? Have to in the... Yes.

Both of you? We both have master's degrees. Master's. And my GPA and OT. Very good. Do you remember your GPAs? Yeah, like 3.8. And I was around 3.2.

Okay. Very good. And do you all as a family do any giving? Yeah, we were kind of laughing because we do give giving, and a lot of times we would find ourselves with really high credit card bills after we would go to a charity event. So now with being more intentional with our money, it's a lot more fun to give money and not have any remorse at the end. You know, it's pure giving, and we really enjoy that.

Very cool. Very cool. So how much TV a week do you guys watch? Oh, my wife is zero, I can tell you that. Very cool. Very cool. So how much TV a week do you guys watch? TV? Oh, my wife's zero, I can tell you that. I tell her maybe one or two hours at the most. Okay. So, by the way, that's about a tenth of the average American family.

Okay. Are you readers? Yes. Well, Jen is the big reader. I am. What's the best non-Ramsay book you've read in the past two years? Oh, gosh. Oh, let's see.

They're both so funny. I'm reading right now Renegades Write the Rules. That's a really good book I'm enjoying right now. Who wrote that? It's Kelly, or I'm sorry, it's Amy Jo Martin. Okay, alright, cool. Great! Very cool! Good for you guys. So, do you think

this could be... My book is John O'Leary's On Fire. Oh, I love John O'Leary's On Fire, and I love John O'Leary. He comes down and speaks with us. That's how we first heard about Chris, and then that's how we heard about you after. Wow, very cool. So how we heard about you after. Wow. Very cool.

So, well, thank you guys. Congratulations. Very, very proud of you. Very well done. Another everyday millionaire couple. It's an Everyday Millionaires Theme Hour with Chris Hogan and Dave Ramsey right here on The Dave Ramsey Show. Thank you. Our scripture today is Psalm 1829. In your strength I can crush an army. With my God I can scale any wall.

Charles Spurgeon said, By perseverance the snail reached the ark. You know, that is something we haven't talked about, Chris, that the guys and gals that become millionaires, almost none of them did it quickly. There's very few get-rich-quick stories in these. Not only did they strike gold, they didn't invent a piece of software, they didn't take a company public. In most cases, it's slow and steady wins the race, the tortoise versus the hare. I don't know what the percentages are.

I don't know that we asked that particular question, but just an anecdotal observation of how they did it and how their wealth was built. A lot of it's 401K. A lot of steady investing into their retirement, a steady reduction of their mortgage so that they have this nice home paid off, and they have this nice nest egg that they gradually built. No, Dave, you're absolutely right. Building wealth is this mindset and a process that does take time. I mean, as I talk about on my show all the time, your money's two best friends are time and compound interest. And so these everyday millionaires followed the plan, the lessons you've been teaching for over 30 years,

and they were consistent with it. You know, they didn't allow a shiny to knock them off their plan. For example, these cryptocurrencies, right, Bitcoin. I mean, all of that. If you look at that, the values of Bitcoin since January is down by almost 80%. A guy tweeted me this morning about his dad. His dad's brothers and sisters. I don't know.

You probably don't even remember this. But like 20 years ago, there was this craze out there. People were buying emus, birds, because emu meat was going to be the next delicacy, was going to be the big thing. And it was like this get-rich-quick craze to buy emus. Because dad said, I'm not buying emus. I don't know anything about birds. The brother and sister put all their money in. Lost all their money.

They went broke in emus. But, I mean, there's always something shiny. There's always some dumb butt get-rich-quick thing out there that somebody gets hammered with. The emus. I had forgotten. The ugliest bird. Yes. Unbelievable.

Well, I had heard about alpaca wool. That was one. That was one, too. Emus, alpacas, and Bitcoin. I feel like I should do a blog post. Emus, alpacas, and Bitcoin. What do these three have in common? Bad investments. You eat one, you wear one, and I don What do these three have in common? Bad investments.

You eat one, you wear one, and I don't even know what you do with the other one. The other one you just hope. You just lost money. That's right. So, hey, if you need some help with your investing and want to set up a steady plan, click SmartVestor at DaveRamsey.com. It'll drop down a list of the SmartVestor pros in your area. You choose which one you want to sit down and talk to and meet with someone that has the heart of a teacher and has a long-term plan.

They're not going to get you rich quick. If somebody starts telling you they're going to get you rich quick, run! As fast as you can away. Andrew and Allison, welcome to an Everyday Millionaires theme hour here on the Dave Ramsey Show. Hi, Dave and Chris. Hey. Hi, Dave. Hi, Chris.

Hello. What's your guy's net worth? 2.7. Awesomeness. Very good. Break that down for me. How's it invested? We've got about $800,000 in a paid-off house, $100,000 in cash, $100,000 in non-retirement

investments, and the rest, about $1.7 in retirement. All right. Very well done. And how old are you two? I'm 42. I'm 45. Young millionaires. Well done.

And how much of this 2.7 did you inherit? Zero. Zero. Okay. And what's been your range of income, best but worst year to best year? Household income. I think probably our worst year when we started out was about 75, and best year was probably about 600. Whoa, nice.

What do you guys do for a living? We're emu farmers. I love it. We're professional comedians is what we are. Okay, now tell us the truth. What do you do? I work in marketing. Investment management.

And hang out with her. That's so great. What are your degrees in? I have a degree in finance and marketing. Economics management. Okay, two business degrees. What are your GPAs? 3.85.

Not as good as that. Less. All right, very right. Very cool. Very cool. So how much of this is there because you borrowed money to make money using other people's money or leverage? None. Zero. Okay.

Cool. Cool. What advice do you have to the younger version of you listening out there? My advice is basically don't fall into credit card debt. You know, there are a lot of kids in college

right now that are strapped for cash for student loans and trying to find a way to get through it, and I think a lot of them are falling into credit card debt. And I know I did when I was in that that situation so that that would be my advice okay can it can this still be done absolutely just marry an emu farmer oh that's so fun uh tell me the best book you've read, one of you, in the last couple of years, non-Ramsay.

Most recently, the book Mindset by Carol Dweck. It's all about having a growth mindset and continuing to improve and get better. And it's been great with our kids. Yeah, several of our people around the company are reading that right now. I hadn't read it yet, but I've seen it flying around here. Very cool. Highly recommend. Good.

It's a really good book. Very good. How much TV do you all watch in a week? Maybe, it's usually on in the background while we're sitting on the couch with our laptops, but maybe an hour or two a day. Yeah, very little. Okay. So you're not big TV people.

You couldn't tell us who got the last rose or anything? No, absolutely not. I love it. Well, congratulations, you two. Very well done. Chris, the everyday millionaire's pattern has continued today. It really has, Dave. I mean, as you look at this, you've got consistent, focused people that have worked hard, that have invested over time.

And guess what they hit millionaire status or beyond now we don't mind if you inherited your money and you call in you can call in on the everyday millionaires theme hour if you've inherited your money so far i've been doing this three years one one inherited a big? That caused them to be a millionaire. Caused them to be a millionaire. They inherited their money. Wow. One. But all the guy did was, he was 30-something years old, was sit and talk about his dad, who was a first-generation millionaire, and how he had trained him. And he was second-generation carrying out the legacy.

And so it was still a beautiful call, because he wasn't a trust fund baby. Right. He wasn't an entitled snowflake. You know, he was getting after it still and he's like honoring to his dad for having set the family tree in a whole new direction you know it was a very cool call but i mean that's the only one we've had in three years that's now you're well we don't tell them they can't call i mean so man this is not a statistical fact and with these particular call-ins on this theme hour. But now when we did 10,000 interviews, the statistics seem to follow very closely to what we find here on the air, actually.

So, you know, by the way, I didn't hear anybody with a 4.2 GPA. There were no geniuses. But I didn't see anybody with a 2.0 either. No, we had one guy wouldn't tell us but i don't think his was that low okay you think he was high he just his wife's was pretty good and he didn't want to be showed up oh oh that's what it was yeah yeah that's all it was i'm giving him a pass okay that's cool that's good but yeah i mean so there's i mean basically three three somethings is what those are so there's're not geniuses. They're smart.

They're bright. But they're not geniuses. In other words, the point is, if you're out there and you've got a couple of brain cells to rub together, you can probably pull this off. You know, that's what it comes down to. You don't have to be a walking, talking emu farmer. I mean, you really, you can do this stuff. You can. And I'll tell you another trait

you saw hard working focus they finish what they start hopeful and they give hopeful and giving giving but i don't i've never heard one say oh you can't do it anymore right my generation was the last one y'all are screwed i've never heard that either no so this is something to think about people it's possible You can do it. You just have to get started. Absolutely. Very well done. Chris Hogan, thanks for stopping by. Thank you for having me, Dave. Everyday Millionaire's Theme Hour. This is the Dave Ramsey Show. 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 guys, this is Blake Thompson, Chief Production Officer for The Dave Ramsey Show. Here's a tip. To keep from missing Dave's classic facial expressions to some of those calls, make sure you watch him live. Just visit DaveRamsey.com slash show each day from 2 to 5 p.m. Eastern. Enjoy.