The Ramsey Show - App - Real Millionaires Tell Us How They Built Their Wealth (Hour 3)

Episode Date: May 22, 2024

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. Rachel Cruz, Ramsey Personality No. 1 best-selling author, is my co-host today, my daughter. Phone number is 888-825-5225. This is a special hour of The Ramsey Show. We are doing a Baby Steps millionaires theme hour. What does that mean? It means we're going to only talk to real millionaires, interview them and ask them how they did that. I started doing this on this show about six years ago, and it has become one

of the more popular things, this and debt-free screams that we do on the air because it defeats the notion that your broke brother-in-law who votes wrong has a wrong opinion about where money comes from and where millionaires come from and so instead we're going to talk to real millionaires not broke people with an opinion and how did they really do it so to do that, we need to help some people because some people don't know what a millionaire is. You think you do, but you don't. Some people think a millionaire is someone who makes a million dollars a year. It's not. There are people that make a million dollars a year that are not

millionaires. And there are people that never see a million-dollar-a-year income that become millionaires. A millionaire is a net worth term. It is an accounting term. It is not a feeling. It is not a moral construct. It's not a discussion of how much is enough. It's a simple mathematical measure of net worth. If someone says someone is a net worth millionaire, that sentence is redundant because there's only one kind of millionaire, net worth millionaire.

That's the only kind there is. So you can't say as if there is another kind. No, it's just one. And your net worth is measured by what you own minus what you owe. Assets minus liabilities. If you ever take an accounting class, it's called a balance sheet. It's the first thing you learn, and it's one of the second thing you owe equals net worth. And when that number is a million dollars, you are a millionaire. And it's not cash. It's not real estate. It's not, well, they're not a real millionaire.

Yes, they are a real millionaire. If you own more than a million dollars worth of stuff than you owe, you are a millionaire. And why don't feel? I don't care how you feel. It's not a feeling. Is this like a big debatable thing? Oh, it really is. It gets all.

Yeah. The dadgum social media people, the Reddit threads and all this are just confused. Yeah. That's funny. And it's just stupid. So you just have to really have to lay the foundation here. I love it. And I hope all of you are excited as the guy in the lobby.

He cheered when he heard that it was this. It's a baby steps millionaire. So we want to find out how people really did it. Where does wealth come from in America today? How do you get it? And as you listen to these people, you're going to hear how you can get it and that's the point of bringing them on it's very encouraging to give you hope and to show you that it's it's doable okay so we're going to start with rex in columbus ohio rex what is your net worth

uh just a little over two million dave and rachel good to talk to you all thank you very much how old are you rex i am 61 okay and give me a little breakdown on the two million by category how much in retirement how much in real estate and so on iras are about 1 million 260 000 paid for house 645 000 cash taxable investments some cars and some stuff is about $90,000. Okay. Very cool. Very cool.

Good for you. And your best year working income and your worst year working income since you've been working? Worst year right out of college and right after getting married was about $15,600 for the family. And we hit $250,000 a couple times with some bonuses very cool what's your career i've been in the asphalt paving industry my entire career from uh started in the field up into leadership and now i'm consulting okay all right and you got a degree a four-year degree nope two-year associates degree okay all Okay. All right. In what? It was civil technology.

Okay. Which led you right into this. Perfect. Okay. Yep. And your GPA when you did that, do you remember it? No. It was under 2.9, but I never got a letter from the school, so somewhere in there. That's good enough. All right. Cool. So when you're talking to someone today, you're 61. Oh, how much of this did you inherit uh my mother passed and i think we got a little under fifty thousand dollars and that was after after you were already a millionaire yes okay so it's safe to say that

you're not a millionaire because of inherited money that is correct okay we'll make sure i get that right so uh what what would you tell the younger version of you if they wanted to have two million dollars when they got to 60 years old what's the secret uh there's a lot of them there start early had my first mutual our first mutual fund at 20 uh choose a great partner and i've've been married for 41 years, and she's been a partner and a teammate, and she should be on here as well. So that, starting early, and we always had a plan. I think you all talk about the why. We had a plan.

I'm sure that the plan we had 30 years ago we'd probably laugh at right now, but we always had a direction, and you've got to have that. You don't accidentally win. Yeah, I agree. Very good. Very good. Okay, what's the most expensive pair of blue jeans you ever bought? Had to buy some the other day that were $79,

but my work jeans come from the thrift store. Okay, let's ask, how about your wife? Oh, probably less than mine. Oh, okay, so all right that's fair yeah very low yes okay what kind of car do you drive drive a 2017 subaru good hundred and coming close to 160 000 miles okay all right and uh what kind of car did you drive before you became a millionaire? Well, fortunately I've always had company cars. Uh, but before we were smart, we were buying newer cars. Uh, they weren't nothing fancy, but we don't buy new cars anymore. Okay. Before we were smart. That's very cool. You think it can still be done today oh absolutely um two things there's so much more opportunity i see what employees the the you know where they're at now on pay and benefits is

you know i didn't have a 401k for the first 10 years uh the information that you have out there is is so much better. 40 years ago, it was an insurance salesman trying to sell you mutual funds. And so I think there's so much more opportunity. And I do want to say one thing with my wife. She only had 12 years where she had a 401k, never made more than $12 an hour. This was back in the 80s and 90s. And her IRA is over $330,000 right now.

There we go. That's how it works. Well done. Way to go, hero. Thanks for calling and telling your story. 61 years old, $2 million. There you go. Just like that with a two-year associate's degree, worked in the paving world.

Hmm. This is a Baby Steps Millionaire's Theme Hour. Rachel Cruz, Ramsey personality, is my co-host today. This is a Baby Steps Millionaire's Theme Hour where we're talking to people who are real millionaires, asking them how they did it to let you know if you have a chance or not. It's a good thing. It's called hope. And if you are a millionaire, I don't care if you won the lottery.

I don't care if you inherited your money. I don't care if you woke up this morning and the tooth fairy left you a million under your pillow. I don't care if you worked hard for 73 years and lived in a cave and collected lint. I don't care how you got there. I want to talk to you so that we can tell people how they get there. The phone number is 888-825-5225. We're talking only this hour to real millionaires. What you own minus what you owe is your net worth. When that's a million dollars, you are a millionaire.

Tracy is in Charlottelotte north carolina and i hit the wrong button all right try again there we go tracy's in charlotte north carolina hey tracy what's your net worth 1.1 million dave good for you and give me a little breakdown on that by category my house is worth 296 000 and my retirement fund, $867,000. That includes my stocks, mutual funds, IRA, all that good stuff. Cool, cool. How old are you? I just turned 58 last week. Love it. And how much of this $1.1 million did you inherit? Absolutely nothing. Z at all. Okay. What was your worst year of income while you've been working and your best year of income while you've been working? My worst year was about $18,000, and I did wind up with about $110,000, but that was a couple of years ago. Now I'm down to $38,000.

Okay. And what's been your career? I worked in insurance for my 31-year career, and I kind of forced into retirement after that. Took a couple of years off. I was fortunate to already be. What did you do in insurance? I was many, many things. Life quality assurance specialist, underwriter. Okay.

Started out very low on the total. Gotcha. Four-year degree? Only when I lost my job in one insurance company and so i didn't get my degree until i was 30 years old oh okay all right and what's your degree in uh finance okay that's cool and what was your gpa in finance well because i was older when i went back to school it was 3.75 so i just barely got that magna cum laude i love it good for you well done okay cool all right uh what do you tell people the reason that you are a millionaire what did you what's the key to

this for you well the key um dave i grew up really really poor and i became a single parent in 2009 was divorced at age 42 um i purchased a home uh you know 2009 worst case scenario become upside down how old were your babies when you got divorced my baby was 10 years old i'm glad you brought that up he's sitting here with me okay and um i swore i wasn't gonna cry i'm not gonna cry well i mean i got single moms out there right now that just the was final this week. She's 42 with a 10-year-old, and she doesn't think she's going to make it, and you just proved to her she's going to. Not only did I make it, Dave, but he came home from school in 2014. I think he was in high school freshman year,

and I was helping him with his homework. And so he was talking about this crazy man named Dave and these baby steps, and I thought, well, that's just crazy. And fast forward to 2017 and my church was teaching financial peace and I just had to join up. And then I was hooked and I became debt free soon after in 2020. The very first day I taught my first financial peace class at church was the very first day that I was debt-free house and all wow did my debt-free scream in front of my class of course we went pandemic after that so we had to go online but that was amazing to teach my first

class and to announce to the class that I was debt-free including my home in 2020 dang so you're 10 year old at well it wasn't 10 the time, but your son is the one that kind of introduced you to a game plan, a path, a pathway, baby steps. And then he got really nosy with my finances and wanted to know what I was doing and why I had $20,000 on my car when I had money in the bank. And I just thought that he was ridiculous. He was all up in my business. And now he's sitting here, and my ex-husband and I were able to get him through college debt-free.

Oh, my gosh. That's amazing. Well done, Tracy. He's never been in debt and never will be because of you. Because of me and you. Well, you just gave hope to a whole bunch of single moms out there that they can do it, too. I'm so proud of you. Way to go, Warrior.

So good. You're a warrior princess. I'm proud of you. Very well done. Brandon in Lubbock, Texas. Brandon, what's your net worth? $1.2 million. Cool.

Give me a little breakdown by category on that, Brandon. Most of it is real estate or home with acreage and a shop. And some farmland is right at about a half a million. And then we have savings investments, IRAs, college funds. Just regular retirement savings is $345,000. And then I have farm equipment and truck that I conservatively estimate is worth about $200,000 if you were to sell it all today. Gotcha. And then the rest of it is just cash in the money market at the bank, $170,000.

Cool. How old are you? I'm 44. Good for you. What was your best year income-wise since you've been working, and your worst year since you've been working? Well, worst year was being in farming. There were some years that were pretty lean uh

had a anything down to net operating loss a couple of times and then the best year has been the past couple years have been around 100 or 120 000 okay cool very good so you're a farmer yes what do you farm uh we just farm wheat and uh livestock and uh forage sorghum and summer crops okay good for you okay cool you have a four-year degree i do not i did not go to college my wife does have a four-year degree all right what's her gpa do you remember i don't know uh she did well she graduated honors so i don't know she's real smart well we'll get brandon we'll give her a 4.0 for fun they say they say behind every successful farmer is a wife that works in town that's great yeah that's behind every successful man is a uh a powerful woman and

a surprised mother-in-law there you go so there you go i love it hey good for you man way to go proud of you so uh do you think uh somebody that wants to do what you do they want to be in farming and they're 24 and 20 years behind you can they still do this did they how much of this did you inherit by the way uh i did not inherit anything. My grandfather did let me use his older equipment when I started, and he basically over time gifted that to me. But it was older and not worth a lot, but it did help immensely getting started. Yeah. But, yes, yeah, that's the way to do it.

Just start slow. Be real careful with expenses. Be careful with lifestyle creep. It's easy to have a good year a couple good years you start increasing your lifestyle and then you have a drought or failures and so forth and then it's it's pretty it's pretty easy in your world to have a combine that costs more in your house that's absolutely right yeah but i think that's a good point though it's the highs and the lows and you feel that as a farmer probably more than a lot of industries out there, right?

It can be so inconsistent, right? And on things you can't always control. And so I think that's a good point. I think that's a really good point of the lifestyle creep. Because you kind of, yeah, if you have a few good years in a row, you start to feel like, all right, this is my life. And you can kind of fill in that margin real quick with stuff. And then when you look up and realize, oh, my gosh, I have to back down from that, it

hurts. But to watch those expenses, that's good. Well, I mentioned that we had a couple of years that were basically an operating loss. That's how we made it through. We had to live on savings. And we had always been kind of thinking ahead a couple of years that what if, and always kept a good, strong cash position and was able to able to get through the lean times that's exactly how you do it well well done brandon proud of you man excellent job

44 years old already worth over a million two excellent excellent job so some of the mythology that we find out there floating around in the culture about wealthy people about millionaires you can't be a millionaire if you're not a famous entertainer, actor, rock star, country music star, professional athlete. They all together add up to less than 1% of America's 26 million millionaires. Most of the millionaires of the 26 millionaire a lot like brandon or like the 58 year old single mom we just got off the phone with they're regular folks you walk by them in walmart you'd have no idea because by the way that's where they buy their jeans

this is the baby steps millionaire theme hour on The Ramsey Show. It's a Baby Steps Millionaire's theme hour here on The Ramsey Show. The reason we call it Baby Steps Millionaire's is because some of these people literally followed our baby steps. Some didn't to become millionaires, but we've got thousands and thousands of people out there now that have become millionaires following the baby steps and showing you how to get out of debt and build wealth. And it is the shortest right way to become wealthy. the white paper of the research and the whole the whole all the detail of the research project where we studied did the largest study of millionaires ever done in north america i had a friend named tom stanley who passed away a few years ago in a car accident his daughter sarah has continued on his work down in atlanta And he wrote a book in 1992 called The Millionaire Next Door. It became a very famous book, and it was an excellent, excellent product.

And Tom was a marketing professor at Georgia State University, and then he became a millionaire selling a bazillion of those books. But his sample size when he came to the conclusions of where millionaires come from in the millionaire next door was 750 millionaires. Now, those of us who've had a class or two in statistics know that 750 is a statistically significant, meaning accurate, number to do research on and get an indication of what's really going on. But when you tell left-wing communists, trained by college professors, that you can become a millionaire in America today in the capitalistic world that we live in, they get really upset and so and they've

got a journalism degree and i've never had a um statistics class so they attacked tom stanley at length because saying oh he only studied 750 and it was it was a rigged study and he his whole life that plagued him they went after him and went after him went after him on that although those of us that actually know numbers knew it was an accurate study so we thought okay we know that we could do a study of a thousand or so millionaires and we would get accurate results on what's really going on but i said hey just for the pr purposes let's do 10 times what tom did let's do 7 500 well we got carried away and we ended up doing 10 167 millionaires that we studied we brought in an outside research firm to look over our shoulder and make sure that our uh our research methodology was airtight because we knew we would get the same criticisms

from the lefties that he got and so um because we knew what we were going to find we're not it's not confirmation bias but we've studied millionaires and walked in this space for so long we knew we had a pretty good idea what it was going to be i got to tell you when the actual data came in i was a little shocked it was more conclusive than i realized I thought it would be like 58%, 60% did this. Most of the numbers were like 85, 89, 90, 96% on the different pieces of conclusion on the data that we came to. And again, it's airtight research. So if you disagree with the conclusions of this study, you are what's known as wrong. Okay is like airtight you're just this is data it's like facts okay so that's how this works i'm setting all of that up to tell you one of

the mythologies out there is is that millionaires all inherited their money and we found that 79 percent of america's millionaires that's eight out of ten inherited precisely zero another five percent inherited a small amount like five or ten thousand bucks from granny when she died and they did get an inheritance but it was mathematically impossible for that to have caused them to become a millionaire because five thousand dollars from your grandmother doesn't make you a millionaire and yet you did inherit something. Another 5% received a substantial inheritance after they were already millionaires. A guy mentioned a while ago he got $50,000 from his grandmother

after he was already a millionaire. I often hear they get $200,000, $300,000, $400,000 after they're already millionaires. So here's the deal. 79% zero, 5 percent not enough five percent after already yet being millionaires 79 five and five is 89 that's nine out of 10 of america's millionaires are not millionaires because of inherited money. So you wealthy equality socialist communist people are wrong. You're just mathematically wrong, okay? Nine out of ten of 26 million millionaires in North America today

are not millionaires because of inherited money. So quit believing that crap, America today are not millionaires because of inherited money. So quit believing that crap and don't sit around and listen to somebody spout that those lies anymore because you're stealing people's hope that they can do it. And hope stealers are evil people. You should not be stealing people's hope, not artificially. So let's talk to some real millionaires jack is in rochester new york hey jack what's your net worth um right now it's about 3.4 million good give me a little breakdown on the categories please well i've got like two and a half million invested in annuities and

you know things in the stock market, stuff like that. And about $300,000-some-thousand, like your rainy day fund, he keeps cash and we keep money in some bank accounts. Got it. And then a half-a-million-dollar house is paid for and probably $150,000 worth of possessions. So it's around $3.4 million, I would guess. Way to go.

How old are you? I'm 72. I just had my birthday this past weekend happy birthday birthday how much of this 3.4 did you inherit sir well i actually i inherited about 70 000 and that was about two years ago so i really had an awful lot of money by the time i inherited some money from my mom so you were already a millionaire oh yeah quite yeah, so you're not a millionaire because of inherited money, kind of like I was just talking about. Okay, one of the five percent. Yeah, what in your working lifetime, what was the most money you ever made in a year and the least money you ever made in a year? I think the least money I ever made in a year was zero because I didn't work, and I think the most money I ever made was about 200,000 probably average around 80 or 85,000 through my whole career yeah and I've

been retired since 2019 it was shocking to me in that study I was just talking about Jack that 33 percent one-third of millionaires never earned over 100k yeah that was amazing to me I that one mathematically I did not see that one coming. What was your career? Well, I did a lot of things. I mean, my first job, you get a kick out of this, first job was sweeping up the hair in a barbershop. I was nine years old. I got paid a buck a day if I did a good job.

If I didn't do a good job, I got 50 cents. There you go. Then I washed dishes. I got my first real job. I ran the parts department in a Ford dealership for about 25 years, worked for some wonderful people who taught me some great, great, great business lessons that I still use today. And, you know, I just did a lot of things, a lot of different things, construction, publishing. Anytime I could figure out something where there was some money to be made and that I was capable of doing it, I did it.

Did you get a four-year degree? No, I went to 12th grade. I was never expected to go to college, but I was expected by my parents to know how to read and write and figure out rafters and 716s bolts and all that stuff. I mean, there was no easy ride this isn't nobody in my family at the time i ever gone to college gotcha okay cool very good good okay do you think that in this world today that someone listening if they wanted to go into the trades could become a millionaire oh easily easily anybody who doesn't think that's in their own way. I mean, you just you've got to come up with a plan and a goal.

And then you've got to be steady, Eddie. You've got to follow it. You know, year after year, you've got to do the same thing. Maybe adjust your plan a little bit. You've got to surround yourself with some good people. I mean, my wife thinks exactly the way I do. We live within our means. It's pretty simple. Awesome. Common sense, Jack. You're proof of it. You're a hero, Jack.

I'm proud of you, man. I'm proud of you. Young men and young women, listen to men like Jack. Let me tell you what Jack did. He worked a lot. This is The Ramsey Show. Our scripture of the day, Matthew 5.16, Let your light shine before others that they may see your good deeds

and glorify your Father in heaven. Helen Keller said, The only thing worse than being blind is having sight but no vision. So last year's, it wasn't last year's, last spring, I guess, we did a money and marriage getaway here at the Ramsey Event Center. And that's Rachel Cruz and Dr. John Deloney doing that. And it's a Friday night, all day Saturday, even into Sunday, right? Yep.

And it's a weekend. Or a Thursday night, Friday, Saturday. A Thursday, Friday, Saturday. There's like two and a half full days yeah and when we finished at the end of it we put the next event on sale and almost everyone that was there bought a ticket to the next one so it was like oh crap we're going to do all new content yeah it's like it almost it's gonna so if that the next one is in october and it's sold out it It's gone. You can't come. So you got FOMO.

But the good news is that today we have big news. We're adding another money in marriage event. This one's going to be Valentine's Day of 2025. And so about nine months from now, we'll be at the Ramsey Event Center and be doing the three-day event Rachel what in the world why is this so popular I mean you and John are funny you're smart you're good speakers you're good teachers but I mean when you close up a three-day event and you put it on sale and everybody that's there buys the next one automatically that says something good happened

what do you think the secret sauce was you know I don't know we we kind of all ended it we're like god that was just like a magical time you know i think money and marriage both i think are pretty like vulnerable topics like you know and they're hard topics for people too right like working on your marriage stuff happens in marriage you're both human and it's painful right so there's like a lot of heart in that there's a lot of heart and money people feel like oh my gosh like I don't know how to do this. I feel like we're drowning in debt. We're not on the same page. So you put these two subjects

that I really do think have a lot of difficulty, but so much upside and so much of people that really want to do well in these areas. So you have a room full of what, 1,200, you know, how many people can be held up there in a room that are like, they're craving change. And then, so I think there's a level of that.

And then the style of the event, we kind of shaped this event around how John and I enjoy being with people. So there was a lot of just Q&A, a lot of downtime, a lot of interacting with people, lots of teaching for sure, but a lot of conversations.

I feel like it was like a dialogue back and forth with the audience through so much of the weekend. It was it was it was so rich it was great it was and it was fun too it's a destination fun things at night like I mean you're with your spouse people are away from their kids they feel like they're on vacation too so it's just I don't know it's really fun you guys so help you communicate better help you strengthen your emotional connection get on the same page with your spouse on money. The Money in Marriage event, Valentine's Day 2025 goes on sale today.

Tickets start at $6.99. Again, the one in the fall here in October has been sold out for a couple of weeks now. And this one will sell out early as well. So early bird pricing is still happening. You can save up to $350 right now. So you better hurry. If you want a VIP-level ticket, they'll sell out first on all of our events. So go find us February 13th and through the 15th of 2025, Valentine's Day Money and Marriage event at the Ramsey Event Center here on our campus.

Go to ramseysolutions.com slash events. It is a Baby baby steps millionaires theme hour brody is in grand rapids brody what's your net worth hi dave uh my net worth is conservatively about 1.3 okay give me a little breakdown by category uh yeah real estate's about 800 net worth got a little over 300 in some investments, and then 150 or so in cash. Okay, good for you. All right, cool. How old are you?

39. Good. All right, young millionaire. Good. And how much of this did you inherit? You know, the only thing we've inherited was a few shares of Apple stock from a grandma, so almost nothing. I mean, literally a few. You're not exaggerating. It's like 10 shares. Okay, all right. So you're not a millionaire because of inherited money. Okay, good. And so what is your best year of

earning and your worst year of earning since you've been working? Yeah, best year is probably upwards of 200, but vast majority of my working life was going to be in that 35 to 50. Gotcha. Okay. All right, cool. And what's your career? I own a donut shop. Cool.

Very cool. Four-year degree? Yep. In what? Business sports management. Business sports. Okay, cool. And your GPA then? Cool. A four-year degree? Yep. In what? Business sports management. Business sports. Okay, cool.

And your GPA then? Ooh, barely got through. I didn't take it too seriously, let's just say that. Okay. Thank you, Lottie. You graduated. Thank you, Lottie. Yeah, all right. Me too.

I had a 2.97. There was beer involved. Yeah. So, okay. I got two extra semesters in my bill. I hear you. Okay, cool. You think this can still be done?

You're only 39. You're talking to a 19 or a 29-year-old out there. Can they still be millionaires in America? Oh, undoubtedly. So what did you do? What was the main thing that got you there? I'd say it's a couple of things, but I lived on well below my means and just hustled, especially in those seasons before kids, before marriage, just really take every opportunity, work hard,

whatever presents itself, take it, save, invest, and just be wise with your money. There you go. Okay, cool. Cool. What do you drive? What kind of car? Well, all my life I've drove the Hoopties, the Dave cars, you know, but a year or two ago I finally splurged and bought a 2020 Ford F-150. Ooh, nice.

Nice. Good for you. Good for you. Excellent. Not exactly a Lamborghini, a Ford pickup. Yeah, it does. Okay. What a million, what a 39 millionaires, what a 39-year-old millionaires drive that own

a donut shop, a Ford pickup. Okay. Just helping you guys out there that have stars in your eyes from watching too many non-reality shows. So good for you. Well done. Well done, Brody. Great job, Brody.

Good job, man. You're a hero. I'm proud of you. Scott's in Detroit. Scott, what's your net Great job, Brody. Good job, man. You're a hero. I'm proud of you. Scott's in Detroit. Scott, what's your net worth? Hi, Dave. Good afternoon. I'm worth $1.3 million approximately.

All right. And give me a little breakdown by category. Yeah, $450,000 in 401K, $230,000 in Roth 401K, $150,000 in a Roth IRA, $70,000 in a Roth IRA, 70,000 in a health savings account, 70,000 liquid in CDs, 21,000 in savings bonds, and about 350,000 in house and cars. Good for you. I do. Go ahead. I do owe 33,000 on a mortgage still, but I'm going to pay that off in July when my CDs mature.

Wonderful. How old are you? I'm 43. Cool. Very cool. How much of this did you inherit? I inherited $0. I was blessed to have parents who were able to pay for my undergrad at a four-year state school.

What's your degree in? Mechanical engineering. Are you an engineer? I lead a technical sales team. We sell engineered products, so sort of an engineer. Okay, in that field around it. Okay, good. What is the worst year of your income since you've been working

and your best year of your income since you've been working? I made $3,000 working in a fast food restaurant when I was 15 years old, and I actually managed to peel off a few hundred dollars to open a Roth IRA off of that. And I made, yeah, and I made about 170 gross last year. Good for you. You think this can still be done? Yeah. You know, fortune favors those who get up and go to work and not buy crypto. Thank you, Matt Damon. thank you matt damon george will love that line oh man so fabulous it is true though let's scott well done

in other words don't try to get rich quick stupid yeah's it. That's exactly it right there. Well played. Get to work and don't buy crypto. Hey, man, congratulations, hero. I'm proud of you. Well played. Well played. 61, 58, 44, 72, 39, and 43 years old. 2 million, 1.1, 1.2, 3.4, 1.3, 1.3. None of them because of inherited money.

Over half of them did not have a four-year degree out of all the ones we talked to. I think we talked to one person today with a four-year degree. All the rest of them didn't have a four-year. That's unusual. Yeah. I will tell you that the top five careers, engineer in the study that we did, engineer, accountant, teacher, and business person and attorney. That's the top five careers. That puts us out 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. Thank you.