The Ramsey Show - App - Learn How Millionaires Built Their Wealth (Hour 3)

Episode Date: April 17, 2024

Live Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. George Camel, Ramsey personality, is my co-host today. He's the author of the book Breaking Free from Broke, a number one bestseller. He's also the host of the George Camel Show, which is a very popular YouTube show on the Ramsey Networks, and of course is the co-host of the Smart Money Happy Hour as well. This hour, we're going to be doing a Baby Steps Millionaires Theme Hour. Now, what does that mean?

It means we're going to talk to real millionaires on the air and find out about them to see if you look at them and say, I could be one like that one. Some of them are so unusual in their situation, you can't be like them. Some of them, you have an excellent chance of actually being better than they are. So we're going to talk to real ones, not your broke brother-in-law with an opinion who votes wrong. We don't need his help with this wealth building thing. So what is a millionaire? It is not, George, someone who makes a million dollars a year. That's true. And it's not an opinion. It's just basically an accounting term when you actually look at what it takes to create net worth. It's what you own

minus what you owe, assets minus liabilities. That's your net worth. You don't get to decide what that means. It's not up for interpretation. Yeah, it's a simple math thing. What you own minus what you owe equals your net worth. When that's over a million, you're a millionaire. Well, I don't feel it's not a feeling. Well, no one should. It's not a should.

Well, a million dollars isn't that much. It doesn't matter. It's not a moral construct. It is an amount of money in a net worth. Did you do it or not? Simple. Very objective. Not subjective at all.

You either is or you isn't. That simple. And you people that have all these political opinions and all this bull crap that was taught to you by your communist college professor, you're confused about how this stuff works okay it is a simple thing it's not and i heard a congressman the other day of course some congressmen are dumber than a rock we know that to say he's not a millionaire he doesn't make a million dollars a year and i'm like god how are you a congressman and you're this dumb so it's not it's not an income amount and you don't have you're not a millionaire. You don't have a million dollars cash.

It's not a cash amount. It's a net worth. That's all it is. If you add up your retirement accounts, the equity in your home, in your car, the cash you have in your bank account, that's it. Any money or things that you could sell and turn into money, that is your net worth. That's an asset, right? And so that's who we're talking to, real millionaires, not broke people with an opinion. And how did they do it?

All right, let's talk to Kathleen in Minneapolis. Your net worth, Kathleen. Well, good afternoon. It's great to be on the show and an honor. My net worth as of this morning is $2.7 million. $2.7. Good for you. Give me a little breakdown on that. How much retirement, how much house, and so on? Well, I've got $1.9 million that is in mutual funds. That's IRAs, HSA accounts, cash, and savings. That also includes my emergency fund.

And yes, I've had one forever. I've got about 720 in real estate, and that includes our primary home as well as a rental property that we have. And I've got probably about $90,000 in cars, and you guys will love this. We just traded up, traded in our cars, wrote checks for the balance. Good for you. And my husband and I just bought three-year-old cars because we never buy new cars and we never will buy new cars. What kind of cars? Just so people know what real millionaires drive. Sure. I have a 2021 Toyota Highlander hybrid because I'm sick of paying for gas. And then my husband bought a 2021 Toyota Tacoma. He did buy two F-150s new. We paid him off quickly when we were younger and he drove one for 15 years and he just traded the second one that was 10 years old. For the Tacoma. Amazing. Wow. Millionaires Drive, Toyotas, Honda, Lexus,

Acura. So how old are you Kathleen? Well my husband and I will be 64 this year, so we're heading into retirement soon. Yes, same age as you, Dave. Yeah. All right. So how much of the $2.7 million did you inherit? You know, we were millionaires before we inherited anything, and what we did inherit is both our parents have passed away, our mothers and fathers. My husband just about a year ago inherited about $90,000.

I inherited about five years ago, $300,000. And that is part of our net worth, but it's all in our retirement account. It's all after you were a millionaire. So we're being very clear, you're not millionaires because of inheritance. It added to after you were already millionaires. Correct. Okay, cool. and you know what's interesting i've read that 80 of people that inherit money spend it within the first 12 months instead of you know doing what you should do which was put it immediately away for to just both bolster our retirement account yeah i mean you got 400 grand extra here between these two things yeah so what has been the range of your income

through the years the worst year you had I guess probably when you started up to your best year well you know it's interesting um our first four years of marriage our gross income was only sixteen thousand dollars but we still had 35 percent of our annual income gross income in an emergency fund wow um and that that was huge in my opinion. If we look at those first 20 years, it was about 65,000 for both of us last 18 years. I actually went and looked at my social security account. So I know, you know how they listed out there in preparation for this, um, about 195 gross. And my husband's semi retired today from the printing industry, driving a school bus I stepped

up and took a bigger role so that I could make a little bit more money. What were your careers when you were working? My husband worked in the printing industry and local printing like you know printing paper for a university a local university. I've been in the benefit space, consulting, account management, and sales, which also includes benefits like smart dollars, so wellness benefits for employees for most of my career of 30, 35 years. Thanks for the plug. Very good. So four-year degrees? My husband went to trade school. I got a four-year degree that I finally finished when I was 50. And, yeah, that's where we're at. My degree was in organizational communications and business.

Gotcha. And your GPA? My GPA was 3.4, unless you count the and when it went up, because I was older and taking classes I liked. Older and wiser. Older and wiser and writing a check for L. So do you think talking to the younger version of you, you could still do this in America today? I think I could do better if I could talk to the younger me. Okay.

Why? Well, I think, you know, my advice, really simple to everyone, including my younger self, would be to save more earlier, floss more, and use more sunscreen. If you do those two things, you'll be happier by the time you're 60. Good teeth, good skin, good nest egg. I like it. That's right. That's a good life. That's classic. I love it, Kathleen. You're amazing. Thank you so much for calling in and sharing. That's a real millionaire. That's who we're talking to this hour.

The phone number is 888-825-5225. This is The Ramsey Show. Thank you for joining us, America. This is a Baby Steps Millionaires theme hour where we're talking to real millionaires. Day before yesterday, we launched Rachel Cruz's latest book, second in her children's book series. I'm glad for where I am at this very moment live. If you are in Phoenix, Arizona, she is at Desert Ridge, Barnes & Noble,

from 1 to 2, your time today, which is right now, signing books and reading the books and talking to you guys. Tomorrow, she'll be in Los Angeles, Thursday, April the 18th at the Barnes & Noble at the Grove from 7 to 8 p.m., reading the story and signing the books, teaching kids about gratitude. The first book was about contentment. This one's about gratitude. And it's fabulously done. You'll love it. If you've got littles, it's a must.

Dallas is in April the 20th, so that'll be Friday. Lincoln Park from 1 to 2 p.m. at the Barnes & Noble there. Next week in Atlanta on Friday, April the 27th, the Barnes & Noble at Mansell Crossing there at Alfreda. And that's from 1 to 2 p.m. And she just left New York City doing a bunch of media up there to head to Phoenix and was in Phoenix today doing that first signing. So Phoenix, Los Angeles, Dallas, and Atlanta for book signings on her new children's book.

Be sure and check them out. Michael is one of our millionaires on hold here in springfield missouri michael what's your net worth 2.8 million good for you give me a little breakdown by category how much in retirement house and so on uh 150 1.5 million in rental investments, real estate, 500,000 personal residents, 350 in mutual funds and 401K, and then 500,000 cash between savings accounts and business accounts. Cool, cool. How old are you?

41. Good for you. And how much of this $2.8 million did you inherit? None yet. All my relatives are still alive. None yet that's a good answer there's still hope all right and your your worst year of making money since you've been working about 20 something years and your best year of making money your best year income worst year income um i mean starting out was just normal 25 to 30 000 a year and slowly growing up to about 100 000 a year by the time i was around 30

and then with with the covid boom i'm in car sales and real estate so i hit 400 000 a couple years there that was way to go helped that's a big help yeah very nice so your career is car sales or your career is real estate or both both okay about 80 20 car sales 80 real estate 20 gotcha okay you got a four-year degree no college no college zero okay cool so uh what would you tell the younger version of you that's out there listening? Can they still become a millionaire in America, and what would they do? I believe they can. I actually think the competition might be less.

If they will speak the trades, I think the sky's the limit. Every time I try to get anything worked on, you can't get anyone to call you back or show up. And I think if those younger guys would chase the trades, I think they will be very, very successful. Yeah, our friend Mike Rowe would love that, George. A lot of room for opportunity there and a lot of money to be made, a lot of people to be helped. That's good. I'm curious, at 41, I mean, you haven't been working that long to accumulate this much. What was the secret sauce here in order to,

obviously the rentals is the big part of this, but even the cash accumulation? Well, I've been working since I was about 12. There you go. You have a 30-year career already. I think I mowed 18 yards when I was 13 years old. There you go. You have a 30-year career already. I think I mowed 18 yards when I was 13 years old. I never spent any money. I saved it and saved it.

I've never had a credit card. I've never made a car payment. That's impressive. I've had a not applicable credit score my whole life. There you go. And I've only had four loans to my first house, my second house, and two rentals. The rest were all bought in cash day of. And like I said, I've always just worked 60 hours a week and Saturdays and holidays. And I've always just, I had a goal. When I was in school, I had a goal to be a millionaire by age 30.

The counselors and teachers, you know, they all kind of teased and laughed at me. But I didn't make it by 30, but I made it by 32. So I was close. And by 41, 2.8 million. Yeah. Yeah. Well, COVID has really helped the real estate market. The stuff around has went way up in value.

Yeah, that's true. It helped the net worth. It sure did. All the real estate that we own has gone up. Yeah, I'd say I gained over $500,000 in one year just in value, just stuff that I own versus what it was worth a year later. So that helped a lot. Yeah.

Well, way to go, man. Way to go. Congratulations. So what would you say over these years, the worst thing you've ever done with money is what was the biggest mistake? It wasn't a big mistake, but my first big year, when I hit the six figures, all of my expert buddies convinced me I should buy a new pickup for a tax write-off and i probably lost 10 000 on that truck and i saved about 2 000 in taxes so i figured out real quick that that was not the greatest advice so i quit doing that

and your buddies are bad at math yeah this is great well Well done, sir. Congratulations. You're a hero, man. Way to go. Step out in America and go win. Jim's in Cedar Rapids, Iowa. Hi, Jim. What's your net worth? About $32 million, Dave. $32 million. Okay, you win the award for the day.

Give me a little breakdown on that. What's that in? Oh, about $4 million in land, about $10.5 in real estate, $1.6 IRAs, $5.5 million in mutual funds, equity investments, about $1.5 million in cash, and then about between $8 million and $10 million in my business valuation. Gotcha. What kind of business? Manufacturing. Okay. And how long have you had that?

Me and my wife started it 26 years ago dave wow okay do you mind saying what you manufacture uh mostly office furniture okay very cool good for you all right and uh how much of the 32 million did you inherit well two years ago we inherited a million and a half from my wife's mother so So you're already worth over $30 million before you got any money. Yeah, yeah. They were farmers in Missouri. They had a great education, and they ended up with a probably $8 million net worth. Unbelievable.

And how old are you? 66. 66. All right, cool. And what's your best year of income and your worst year of income? Well, before I started my business they were on they are all worse you know 50 000 and then probably about two mil my best yeah okay which is how you funded all of this then that makes a lot of sense all right very good you got a four

year degree jim i do but i served a journeyman tool and i make her apprenticeship and then i went back to college and got a degree in industrial like you've got the industrial technology so I believe my journeyman's card opened way more doors than my four-year degree yeah for sure especially what you do and your training for what you do and what was your GPA just for reference my school 2.2. Okay. Very cool. Okay. So you got a 26-year-old out there, a 24-year-old out there listening,

and there's a bunch of them right this second listening to the show, literally millions. What should they do if they want to be Jim when they grow up and have $32 million at 66? I tell them all the time, look for a niche, look for whatever industry you're in, figure out how can I do something better, faster, and cheaper. What does somebody need? In any industry, there's something out there that's a better way to do it

and figure that out and then go after it because too many kids, 19-year-olds, they want to have a business, they want to have money, and they don't have a clue what to, you know. You've got to learn the business first. You've got to learn to trade and then look for a problem to solve. So you probably, in the process, it sounds like, doing this furniture manufacturing, you've invented some things. Yeah, I've come up with a lot of different designs on processes.

Yeah. And, geez, it's weird because not to get off track, but the first person who walked at my door that I hired, a 70-year-old man, he walked in wanting to work. Turns out I was actually living in a camper at the time. Wow. He drove

30 miles each way, and I couldn't pay him for three months. Wow. He was on fire for the Lord. He started telling me about it. And I went to a legalistic church, me and my wife, so we had no spirituality. He started telling me about the Lord. About three or four months later, I got saved. Ha ha, there we go.

That's how it's done. I love it. Sorry to cut you off, Jim. I wish I could hear that whole story. It's fabulous we always teach you there is a price to be paid to win you have to live like no one else if later you want to live like no one else and give like no one else the millionaires that we talked to most of the time went through a process to become millionaires. This is a Baby Steps Millionaires theme hour. Now, one of the things

that we announced earlier in the show, if you weren't around, was the Live Like No One Else Ramsey Cruise went on the market today. We are really excited about this. It's a lot of fun. We're going to be going for seven days at sea with Holland America. We've got the entire ship for a Ramsey cruise. I live like no one else cruise. You should not go on this cruise unless you are baby step four or five, six and all and beyond. If you're still trying to get out of debt,

you need to stay home and get out of debt. We'll do another one. Maybe, but probably. And, uh, this is going to be a lot of fun it's a seven-day cruise includes turks and keikos st thomas san juan the bahamas it's incredible we try to do this in 2020 but of course this little thing called the fauci pandemic stopped all the cruises and about the time we were getting ready to sail it got canceled so uh this is the ultimate debt-free celebration.

We want you to come. All the Ramsey personalities will be on the boat the whole week, including me, and many other guests as well. Stephen Curtis Chapman, many Grammys award-winning, 60-something doves, and an all-around good guy and a friend is going to be with us. Manit Chauhan from the Food Channel, Iron Chef, is going to be with us. Manit's here in town in Nashville. We've become friends as well.

Hangs out with us. One of the great country music superstars, Dina Carter. You remember the wonderful song that she's known for, Strawberry Wine. And so she'll be with us. Some of the Nashville songwriters will be there and many others too. George Camel, to my right, will be with us. Some of the Nashville songwriters will be there and many others too. George Camel, to my right, will be with us. If you want to book your cabin on the cruise, go to ramsaysolutions.com slash cruise. I would suggest you do that immediately.

When we announced it and put it out this morning on the web and sent out an email to our database, we actually crashed the cruise website website we we shut down the internet that's how popular this announcement is and so if you want to come we'd suggest you do it the last time we did this the one we did not get to take everybody got refunded because of the fauci pandemic but that one sold out in just a matter of weeks this one will too especially based on the activity today it's going to be a lot of fun, George. Oh yeah. And for those of you who have been following the Ramsey plan and you're in baby step four, five, six, seven, and you call us and you go, man, I don't know what to do now.

We work so hard and we can't, you need to go on a vacation. Some of y'all, you haven't been on a vacation since your honeymoon. And so it's time to take that trip. So start budgeting for it. Make your plans to join us. This is a really fun thing to sort of commemorate the hard work that you've done over the years following these steps. And it's a reminder, it's time to live like no one else. It's going to be a blast. That's how it works. All right, open phones here. If you are a millionaire, we want to talk to you.

We want to hear how you did it. The phone number is 888-825-5225. Houston, Texas, Carlton, and Felicia are with us. Hey, guys, what's your net worth? Dave, we're at almost $1.2 million. Cool. Give me a little breakdown by category. How much retirement, how much house, and so on.

Okay, so combined retirement, we're about $600K. Personal residence and property, we're about $425K. Liquid cash, about $30K. And then another $130K in investments. Good for you. Well done. And how old are you guys? Well, Dave, I'm 50, and Felicia's still not older than me.

Smart man. Nor will she ever be. I like it. Very good. He's a math guy. Good for you. All right, how much of this did you guys inherit? 60,000. Okay. After you were million millionaires or how long ago i think it was probably close to that point i think we're already on our way pretty much probably 98 of the way there so is it fair to say would it be accurate to say you're not millionaires because you inherited the money

yes that'd be fair to say okay all right i just want to make sure i'm understanding exactly not millionaires because you inherited the money. Yes, that would be fair to say. Okay. I just want to make sure I'm understanding exactly because that's the data that we collect. So what is your best year working and your worst year working as far as income goes? I'd say our worst year was probably my first year in the Army. Felicia didn't work. I think she stayed at home with our only child.

It was probably about $18,000 to $20,000 a year as a private in the Army. Wow. And our best year so far would probably be this last year around $240,000. Very good. What do you guys do for a living? I'm an RN. And I work in sales. Okay. I cool so obviously felicia you got a nursing degree right yes okay and uh carlton you get a four-year degree i did yeah i got a four-year degree in of all things uh finance finance very good Very good. All right. And what was your GPA? If I remember correctly, I was just set up with 3.0.

Okay. Very cool. What about you? I was 4.0. 4.0. Of course it was. I like it. All right.

So you guys are nurse, and you're in sales, and you're 50 years old, and you're millionaires, and not because of inherited money, what would you tell a 24-year-old that says it can't be done in America anymore? I'd first start out by saying that's a lie. And I would probably tell them to have Googles around, to Google Dave Ramsey as fast as they could. So that they would learn what? I appreciate the ad.

What have you guys done that caused you to be here? What do you think the secret was? Well, first of all, I just want to give my husband gratitude. It was because of him that we are here today. He found you. And I would just say working together as a couple, in the beginning, I was a little hesitant. But once I got on board and we started working together, things just went by really smoothly, came together, and, you know, here we are today.

How long ago did that togetherness happen? Well, we started the plan in 2015. I don't know if it's in the notes, but we were actually on the show three years ago to do our DevSea screen in studio with you and Ken. All right. We've been working this process for about nine years. Okay.

All right. And so, really, you did this, most of it, from your late 30s into 50? Yeah. Yeah, my late 40s. Yeah. Very good. So just really a decade of focus can change everything yeah yeah it's not too late yeah way to go you guys congratulations proud of you

josh is in knoxville josh what's your net worth uh 1.3 million days very good give me a little breakdown by category about 600 000 in the house uh about $400,000 in cash, $250,000 in IRAs, and just about $100,000 in just other assets. Cool. How old are you? 34. Way to go. All right. How much of this did you inherit? Zero. Zero. And what's your best year working and worst year working income? Uh, me and my wife, when we first got married, uh, probably right around 90 to a hundred thousand.

And last year would have been, uh, the best year about two 75. Cool. What do you do? I actually am a small business owner and my wife is occupational therapist, but now she's homeschools three children and takes care of the house. What kind of business have you got? I actually own a commissary business, so we provide items to inmates. Gotcha. Very good.

And you have a four-year degree? No, actually, I'm a college dropout, Dave. My wife's done all the schooling for us. I love it. All right. It worked out for you, man. Love it. Way to go. Yeah. Hey, congratulations hey congratulations man 34 years old you're killing it very proud of you thank you for sharing your numbers with us that's a cool young millionaire story college dropout

starts a small business in oxford tennessee taking food to inmates worth a million three don't tell me you can't do it. This is The Ramsey Show. Our scripture of the day, Luke 16, 10. Whoever can be trusted with very little can also be trusted with much. And whoever is dishonest with very little will also be dishonest with much.

Booker T. Washington says, Success will always leave footprints this is a baby steps millionaires theme hour we're talking to real millionaires if you're not aware we have done the largest study detailed in-depth research of millionaires ever done in North America. We did in-depth surveying and understanding of 10,167 millionaires. No one's ever done that before. It's airtight research. We had an outside research firm look over our shoulder to make sure we didn't have any kind of confirmation bias

or any kind of research methodology that was off. If you know anything about statistical manipulation or research bias, you have to be real careful of that. And we knew we would be criticized by the left-wing nutjobs, and so we had to be prepared to actually defend this. So the conclusions of this study are airtight. It's data. It's what's known as a fact.

It's not an opinion. It's not a feeling. it's not an opinion it's not a feeling it's not a political stance and if you don't agree with the conclusions of the study you're what's known as wrong because this is data so here's what we found 79 of america's millionaires inherited precisely zero another five percent got an inheritance but it was a very small amount like five thousand dollars or forty thousand dollars from their grandmother or something and it was not enough mathematically to make them a millionaire another five percent and we've heard this in the calls today got substantial inheritance two or three hundred thousand dollars after they were already millionaires and so if you take 79 got nothing five didn't get enough to cause it and five percent got a got a but got a bunch but it

was after you put those three together you you got 89% of America's millionaires are not millionaires because of an inheritance. That's nine out of 10 of them. There's somewhere around 18 million millionaires in America right now. Nine out of 10 of them are not millionaires because of an inheritance so when idiots say that on tiktok they don't know what they're talking about and they're telling people it can't be done in america today and they're stealing people's hope and that's wrong that's evil when you steal people's hope that's evil you shouldn't do that especially when you're ignorant or you're a liar.

One of the two. And you're one of the two when you tell people that America's millionaires all inherited their money because you're just wrong. And they're just cynical. They don't think it's possible for them, and therefore they don't want it to be possible for anyone. That's part of it. And you hear it, all millionaires inherited their wealth. No, they didn't. All millionaires are crooks. Well, that's absolutely of it and you hear it all millionaires inherited their wealth no they didn't all millionaires are crooks well that's absolutely asinine who got rich being a crook

you go to jail being a crook if you break the law if you steal from people they tell people about it if you're if you're crooked people find out about it is there a percentage of the wealthy who are crooked yes is there a percentage of the poor who are crooked yes are they wealthy because they're crooked no are they poor because they're crooked no the crooked it just happens among the population well all you got to be famous to be a millionaire. I hadn't talked to a single rock star today, hadn't talked to a single NFL player today, and I hadn't talked to one in these studies. And as a matter of fact, our data tells us that 0.8, less than 1%, eight-tenths of 1% of America's millionaires are famous. So they're not Hollywood actors, country music stars,

professional athletes. They make up less than 1% of America's millionaires. So good thing for me, I can't dribble a basketball. So maybe I have to do it another way. And I'm not coordinated enough to stay on skates and play hockey at that speed to become a millionaire that way. Which also means you don't have to make a million. And for sure, you don't want me singing.

It's not about income. Now, the people we've looked at, they make good money, but we found in the study a third of them never made six figures in their careers. 33% never made $100,000 a year. Well, you have to have a high GPA. You've got to be brilliant. Well, brilliant doesn't hurt but the average gpa among millionaires is 3.0 i have a 2.97 three one hundredths of a point i missed it and i'm still

pissed i think beer was involved but yeah yeah so i mean it's you know it's i still and i'm so stupid i've become a millionaire twice made it lost it all had to do it again so I mean I and I still pulled it off so it is doable people in America there is hope if you want to know more about this study and more about the processes that prove this read the book baby steps millionaire it's the number one bestseller it's the last book I did I didn't actually intend on doing another book the personalities all do books and i support them and that's generally what we do but i kept running into these hope stealers that were taught by communist professors in college and telling people america's broken

and it can't be done you can't make it in america the little man can't get ahead and somebody had to rise up and tell the truth and that's us us. So, so I busted out there, did baby steps, millionaires, and it's sold, you know, getting close to a million copies now. And it's number one, number one, number one. So thank you guys for, for supporting that. But if you want to read the details of the study, we put the study white paper in the back of the book. So pick that book up. You can read the study and you can answer the questions for your broke brother-in-law who votes wrong and is confused about this stuff and so it's absolutely ridiculous that people say you can't make it in america today you can make it is it easy lord no are there isms out there there's always isms because there's always ignorant people

racism is ignorant sexism is ignorant there's all kinds of isms there's always ignorant people racism is ignorant sexism is ignorant there's all kinds of isms there's baldism people don't let people on the shows because they're bald that one feels personal i mean it's yeah it's upsetting to me i'm so sorry i feel your pain regionalism we think if you have a southern accent that your parents were cousins well that's not true i don't live in a trailer and my house is bigger than yours that's regionalism okay that you know there's isms everywhere right so all right rachel is in washington dc rachel what's your net worth about 1.1 million all right very good give me a little breakdown by category got about 350 in the house about 604 in retirement about 100 liquid and about 76 in college cool how

old are you 41 good for you how much of this did you inherit not a penny zero best year working and worst year working of income our lowest was probably upper 30s and our best probably this year looking at 190 excellent very very good what do you do for a living what is your careers i'm a stay-at-home homeschool mom and my husband does logistics for the department of defense logistics okay very good he's got a college degree in that i know he has one in chemistry okay what was his gpa do you have any idea a 3.0 oh look at that just exactly like we said very cool congratulations you're a hero way to go rachel that's how it's done so we talked to 2.7, 2.8, 32, 1.2, and 1.3, and 1.1 net worth, 64 years old, 41, 66, 50, 34, and 41 years old. Industrial engineer, furniture manufacturer, college dropout doing commissary, chemistry that just became, what did he become?

He was logistics. Logistics. college dropout doing commissary chemistry that just became what did he become he was uh logistics for the logistics became logistics from that and uh the first lady he got a degree in communications 3.4 gpa 2.2 3.0 and 3.0 i rest my case boys and girls here's another uh small sample but um and by the way we'll let you on if you win the lotto, but you are 12 times more likely to be struck by lightning walking one mile to the store statistically than you are to buy the winning ticket. So try not walking to the store instead, go to work. Here's an idea. So the lotto, gee, not happening tax on poor people and people that can't do math

that's who plays the lotto one of the two or both that puts this hour of the ramsey show in the books we'll be back with you before you know it in the meantime remember there's ultimately only one way to financial peace and that's to walk daily with the Prince of Peace, Christ Jesus. We'll see you next time.