The Ramsey Show - App - These Money Habits Will Make You a Millionaire (Hour 3)

Episode Date: November 17, 2022

Dave Ramsey & Rachel Cruze interview 6 millionaires on how they built their wealth. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX for more information. Established by Pathward, N.A., Member FDIC. Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices RamseySolutions Privacy Policy

Live from the headquarters of Ramsey Solutions, broadcasting from the pods of Moving and Storage Studios. It's the Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage might be a sign that you're a Baby Steps millionaire. We help people build wealth, do work that they love, and create actual amazing relationships. In case you didn't catch the clue, this is a Baby Steps Millionaire Theme Hour. Rachel Cruz, Ramsey personality, number one best-selling author, is my co-host.

This hour, we will be talking to people who are actual millionaires, regardless of how you got there, whether you're an everyday millionaire, meaning you got there starting from nothing but didn't necessarily use the baby steps, whether you followed our baby steps and became a baby steps millionaire, or whether you just hit the lottery, or maybe you're the next Taylor Swift. I don't know. You've got a million dollars, though, and I want to know how you got it. I think Taylor Swift's got a few more than she might have a couple more than one she might be up she might be at more than

one while we were talking but um anyway million dollars millionaire what is a millionaire it's not someone that makes a million dollars a year a millionaire the definition of a millionaire is your net worth is greater than a million dollars your net worth is what you own minus what you owe. Your assets minus your liabilities. That is your net worth, period. If you're a cash millionaire, that would mean you had at least a million dollars in cash. If you're a real estate millionaire, you had at least a million dollars in real estate. But a millionaire is simply what you own minus what you owe equals a million dollars. That's all it is. Nothing else.

Is it enough? That's not the discussion. Is it too much? That's not the discussion. Are you a bad Christian? That's not the discussion. We can talk about any of those things if you want to, but we want to talk to real millionaires and find out how they got there. If you are a real millionaire, we'll take your call right now because I want to interview you. The phone number is 888-825-5225, 888-825-5225. Rachel is in Orange County, but I didn't pick her up. I picked up the wrong line because I'm stupid. All right, Rachel in Orange County. Hey, Rachelachel how much is your net worth hi dave hi rachel it's an honor to speak to

you today you too currently we currently sit at 3.3 million and we are baby step millionaires way to go all right give me a little breakdown on the 3.3 how's it allocate what categories yes sir so we have a 1.7 in our paid off house we have approximately 1.1 in our retirement account uh 100,000 in liquid cash and about 400,000 in limited partnership investments good all right cool. How old are you guys? I'm 40, and my husband is 48. Okay, cool. And how much of the $3.3 million did you inherit? So we were blessed. My dad left us $350,000 upon his passing, which was incredibly generous for him to do. Yeah. But we had already passed our million- dollar net worth before that happened.

Oh, so you were already millionaires? We were, sir. Okay, wow. So just added to it. Amazing. So what's been your household income, best year and worst year since you started adulthood? So, well, really probably adulthood. I mean, when we entered into our field, we were probably a range of income net of about $150,000 to $300,000.

Okay. And the high was $300,000? Yes, sir. Okay. All right. And what are your careers? Well, my husband and I are both in law enforcement. Okay.

Wow. All right. Very good. All right. In what form? Do you mind saying, or can you? Yes, sir. So I'm a supervisor in law enforcement, and my husband is in executive leadership in our department. Okay. Very good. Good for you.

Are your degrees in criminal justice? My degree started off in psychology, but I could not do the whole sit-in-an-office thing, so my office was my patrol car. And then I eventually got my master's in criminal justice as well as human services. My husband's degree, he decided to go to junior college for a very long time and then got into law enforcement and then through the department, got his criminal justice degree, his bachelor's, and then ultimately a master of science in emergency administration. Wow. Okay. That's impressive. Yeah. So what was your GPAs through some of that? Just want to pick

out one. Well, sir, I definitely got a lot more motivated when I became an adult and had skin in the game. And so I graduated with my master's with a 4.0. But we're just average, ordinary, you know, 3.0, you know, in high school and college. So, but we're just average ordinary you know 3.0 you know in high school and college so but we we've really kind of turned turned up the heat when uh when we became adults okay so um what do you tell people that that you know you're 40 48 years old there's a 24 year old looking to go into law enforcement they say yeah but there's no money in that i'll never i'll never be a millionaire um what do you tell them how do you tell them do you tell them to do this it's yes and this is something we're actually very fortunate um we we live this we tell this to our young uh young uh deputies that start off i mean this is something very

that changed our life dave and we're grateful for you and we're grateful for this program. We just actually finished up facilitating in our church in SPU. We just got done with our nine weeks. Our people just graduated this past Tuesday. So it's something that we're going to continue to give back and do that. But yeah, you absolutely can do it, but you have to get on a budget. You have to live below your means. And then also your choice in spouse is one of the most important decisions in your life. And I have been so blessed beyond comprehension with my husband. He is the best partner in life and love that I could have ever prayed for and asked for. He's absolutely selfless and inspires me every day to be a better person, to be a better partner, just to be a better contributor. And we might not always be eye to eye on everything, but we both

always try to at least remain open to each other's ideas. Because I'll tell you, in true honesty, I went kicking and screaming to FPU in 2014. And it was because of a friend that we worked with. She was diagnosed with rare cancer. And when we were looking at how we could financially contribute to help them through this difficult time, we could not give what we wanted to give without it crippling us financially. And I knew that I needed to change. And I knew that we needed to do something different with the tremendous blessings of this career and our finances. And I was not being a good steward of those finances. And it was truly like God had placed us in that class at that time in 2014. And that first class, I was an absolute convert.

I was a free spirit that has transformed into a nerd at times. i i can't believe the amazing things that um this has set forth for us it has changed our family tree um and we just we are so grateful wow we're grateful for you wow what a great story i love it and so inherited nothing until after you were millionaires 3.3 million dollar net worth by 40 and 48 years old you guys are amazing impressive so proud of you thank you very very well and the secret sauce too is uh once once we really committed to tithing and giving god his first and best magic things happen god you cannot out give god and uh we are just we're living testament to that. Amen and amen. And thank you for leading Financial Peace University classes and for helping out those deputies. Yes.

Very good stuff. Congratulations, Rachel. Thanks for calling in. Baby Steps Millionaires Theme Hour. This is the Ramsey Show. Субтитры подогнал «Симон» rachel cruz ramsey personality is my co-host today this is a baby steps millionaires theme hour we talk to real millionaires to find out how they really did it. Not your broke brother-in-law's opinion, but how you really build wealth. Where does it really come from in America today?

Which gives you the best chance. By the way, we've never interviewed someone that said they did it with Bitcoin. We've never interviewed someone that said they did it with Bitcoin. We've never interviewed someone that said they did it with airline miles from their credit cards. We've never interviewed someone who said they got rich with whole life life insurance. We've never interviewed someone that said I became a millionaire because I lease cars. Just giving you some insight. Some things to think about. And then we've been doing this a long

time sherry is with us next in destin florida sherry what's your net worth hey dave it is 3.4 million dollars love it give me a little breakdown on that by category okay well i have a little over $2 million in real estate. I have some CDs and mutual funds. How much are the CDs? Well, I'm just getting started back into that since the interest rates are going up. So about around $100,000. Okay.

And how much in mutual funds? Around $250,000. Okay. What's the rest of it? Right now, I've sold a few houses in the last few years, and I've been holding on to the cash that's in the bank, and I'm getting ready to reinvest it. But I've been kind of watching from the sidelines to see what would be the best avenue.

So you're sitting on like a million cash? I hate to say it, but close to it. Yeah, okay. I was actually thinking about, I have nine houses, and I was contemplating on buying another one, but I was also waiting on that. Okay. How old are you?

I am 62. Cool. All right. And how much of this $3.4 million did you inherit? None. Zero. Okay. And what's your best year working lifetime and your worst year working my, well, not this last present year, not 2022, but 2021 was my best. And probably my worst was the first year after I was divorced 29 years ago. What'd you make? Around $5,000.

Okay. What'd you make last year in 21? Oh, 21, I made like $76,000. Okay. Wow. What's your career? I am a musician, a photographer, and owner of the rental houses. Okay. Do you have a degree, four-year degree? I have a two-year degree in recreational leadership. Okay. What was your GPA? 3.5. Okay. If you're talking to someone 22, 32 years old out there, 30, 40 years behind you, can they still do this and what should they do if they want to be you when they grow up?

Well, I'd say find something that you love to do and find a way to make money at it. That's basically what I did. Even if the photography didn't come and play until my forties, but that was like my second love to music, which I didn't start that as a career until I was in my early thirties. Along with the rental houses. But I would say find something you love to do, find a way to make money at it. Also pay cash for cars and most things that you can and save,

save, save. You've been a savings machine. I have, because to be honest, uh, when I became a millionaire, I probably only had made, I think I made $75,000 one year,

2000, maybe eight it was. The rest of the time it was between 30 and 50. Pretty impressive. That is impressive. Yeah. Thank you. Because for a lot of people, they think, you know, that your income has everything to do with it, right?

In a sense that, you know, that their habits, you know, aren't um has everything to do with it right in a sense that you know that their habits oh yeah you know aren't as big of a deal but you're the you're the living proof your story is no what you do with that income is what changes the game exactly um i had a lot of friends who made a lot more money than me yeah but they didn't have what i had i just always kept my mouth shut and just kept going on with my plan and looking forward. You're amazing. Well done, Sherry. Very well done.

Excellent, excellent job. I love it. Michael and Jody are with us in Fresno. Hey, guys, what's your net worth? Hi, Dave and Rachel. Nice to meet you. Hi, Dave and Rachel. Nice to meet you.

You too. Our net worth is about $1.25. Okay, give me a little breakdown on that by category. We have $500 in a 401k. We have about $55,000 in a Roth IRA. $225 in a pension. About $365 in our house. We still owe about $55,000 on our house.

So once that's paid off, you know, about $365,000. About $40,000 cash and about $30,000 in our cars. Way to go. How old are you guys? I am 58, Dave. And I'm 55. Okay. Awesome.

Very good. And how much of this $1.25 did you inherit? Zero. Zero. Very good. And how much of this $1.25 did you inherit? Zero. Zero. All right. What's the best year income of your working life and your worst year income of your working life? Household income. I would say $100,000.

That was our best and probably $40,000 worst. Okay. And what are your careers? Dave, I drive a truck for a food service company and i work in admin in a doctor's office okay all right cool are you have four year degrees or two year degrees zero zero degrees uh i didn't graduate from high school, Dave. Okay. Wow. What was your high school GPA, Jody? I would say probably about 3.5, and Michael dropped out his senior year, and then he went back and got his GED. Oh, good.

And neither one of us went to college. Okay, cool. Cool. So why are you millionaires? What did you do? What do you tell people if they want to follow in your footsteps? Well, thanks for asking and and michael filled out the application for this and didn't tell me until afterwards and then surprised me

with the phone call to be on this show so he's like i'm gonna let you do the talking oh i just want to say i got us on but you get to talk yeah well because she was a huge part of it she actually took your fpu class and yes um by herself i might say, and brought it home to me and said, hey, I want to do this, so you want to be on board? And I said, sure, let's do it. So we went ahead and did that. So because of you and your class, she really kicked this off. And she's just a really good budgeter and knows how to handle money.

Well, we've always had a budget, but not until we took your class about 15 plus years ago and the envelope system. Oh my gosh, I fell in love with your envelope system. And I just thank you for sharing your wisdom over the years that I think God has given that to you. I love how you, you know, we always agree and we say that everything that we have comes from the Lord, but I never really, how you use the analogy of he just wants us to manage it. He wants us to be good managers. And so that's how we feel about it.

And so we, the envelope system has just transformed our finances. And I share it with everybody. Mike and I, we've even gone on Facebook Live and done a couple of budgeting videos just because we like, I could talk about budgeting all day. And we always give credit to you for the envelope system, and we share that just to encourage people that it's not too late. You can, you know, save up for things. We were able to cash fund our youngest daughter's wedding. We were able to pay cash for a car that we bought. It was three years old at the time, but we would have never been able to do that. And so we're just so grateful and we just love

to share it with other people and encourage them that it can be done. Well, you did today. My philosophy is if you work, if you actually work, you make money and you can be able to save some of it. That's genius. That's just genius. I love it. I completely agree. I completely agree. Quit trying to figure out a way to not work.

Well done, you guys. You guys are amazing. Beautifully done. Fabulous. Man, I love it. guys are amazing. Beautifully done. Fabulous. Man, I love it. Thanks for sharing. That is great. So we got master's degrees, two-year junior college, and high school graduate in GED.

Yeah. All over the map. The full spectrum. The full spectrum so far of millionaires calling in. I think we don't see a correlation there. This is The Ramsey Show. CNN reporting America gained two and a half new millionaires last year. The number of rich people in the world rose at a rapid pace last year, boosted by gains in the stock market and house prices. As many as 5.2 million people became millionaires worldwide,

with the United States being two and a half million. The largest increase in millionaire numbers recorded for any country in any year in this century. Pretty interesting. numbers recorded for any country in any year in this century pretty interesting worldwide the number of millionaires stands at about 62 and a half million last numbers i had showed the u.s at about 15 million i don't see it mentioned in this article what they are how many of them there are in this um you know this thing well a million dollars is not enough. Well, it's interesting that they said gains from the stock market because I feel like... The market's down, though, now. I know.

I guess it was just last year after 2020. Last year it was up. So, yeah, but then you've got 2022 to help you with that problem. It came back down. We're talking to real millionaires this year, wanting to know how you really did it. Our research team did the largest study of millionaires this year wanting to know how you really did it our research team did the largest study of millionaires ever done in north america we studied over 10 000 of

them and we found the top five careers of millionaires uh very interesting engineer was number one accountant was number two teacher was number three management number four number five was attorney mds medical doctors didn't make the top five they're number six teachers are number three and what we couldn't figure out was that teacher one kind of doesn't fit in there with the rest of these you kind of go yeah i get it i'm a management management, accountant, engineer, I get that. They, A, make money. B, they're very numbers-oriented. But teachers, attorneys, attorneys make money. Some of them, but a lot of them got a lot of debt. And so the net worth of that still being there.

But one thing, we finally kept looking at this and going, okay, this is not a mistake. All of these career paths are process people. They're not flash-in-the-pan people. Attorneys, you use a process to work your way through the law. It's logical. It's critical thinking. You do this, then you do this, then you do this. If you don't, the judge doesn't let you move, you know, that kind of thing.

You know, business is a series of processes and systems. Accounting, engineering, teachers, lesson planning, you know, running a classroom. It's a process for a greater result over a long period of time. None of these are get-rich-quick kind of flash-in-the-pan, random kind of movement, chaotic people. Right. They live day in and day out in their careers in this method yeah they're very method yes way of living so naturally that's going to leak into other areas of your life you're naturally that's how you're bent and that's how you're spending 40 hours 40 plus hours a week and that same mindset that's fascinating exactly and the other thing that we revealed like our last caller there uh last two callers actually, one-third of the millionaires in our study, we found 33% of them had never made a household income of over $100,000.

And two of our three so far have not. Very interesting. So we reveal all of this and put the study white paper in the back of the book. All of the processes that we have studied for 30 years to show people how they became millionaires in the number one bestseller, Baby Steps Millionaires. We launched it last January. It is a huge blockbuster bestseller. Thank you, guys. We appreciate you. How you can use the seven baby steps as the fastest right way to become wealthy and to be unbelievably, unreasonably generous.

And this is the first time ever right now it's on sale for $10 at our website at ramseysolutions.com. Nice job for the holidays, $10 for Baby Steps Millionaires. John is in Statesboro, Georgia. John, what is your net worth? Million dollars right now. Okay, your phone just cut out. Try again.

How much? Hey, Dave, I'm sorry. We're around $7 million right now. Wow, very good. Give me a little breakdown on that by category. Well, we probably have $2 or $ three million in cash, actually. And we own a substantial amount of real estate, probably $10 million worth of real estate. And we don't have any in the stock market, really.

We have a little bit in retirement. My wife just retired. She's 36. She was a nurse for 10 years. And I think you may see we have an interesting story. We've never made over $100,000 for the past 10 years, and we just tackled it. We opened a business and tackled it on it,

and I think last year we made $1.3 million was what we paid taxes on. What is your business? Well, I graduated college, and I worked at a grocery store as a stalker, and my wife was a nurse, and she went to school. We paid for college ourselves, had jobs. And I ended up opening a small grocery store, and I sold it. And now we have 10 grocery stores that we own, and that we own the property to and the business.

So that's what we're into, the grocery business. Ah, so the net worth on the grocery business was 1.3, or the net income was 1.3 of the gross. That had to be the net worth on the grocery business was 1.3, or the net income was 1.3 or the gross? That had to be the net. Well, that was just my net that I pay taxes on. Yeah, yeah. So that was the income I drew out of it. That's what you really took home, yeah.

So your career is the grocery business. Did you get a degree? Well, I did. I got a business degree, but we're not big fans of college. You know, I think it's overpriced and we have four children and um i think there's a lot of other opportunities out there yeah yes i did get a degree in four years instead of my wife when you pay for it you tend to do it on time i hear you okay and you're a gpa um i had a decent gpa probably like a 3.2 now my wife had a 4.0 through college okay she's a little smarter

always the case always the case so you would attribute your wealth which you've done unbelievable how old are you uh 36 we're both 36 wow great job and you inherited zero it sounds like from the story we had a little bit from some people but other than that we were happy to help how about that okay so um you know your your story is an entrepreneur story you built you built a business is where your money came from it is is, but during the process, we never lived within our means. I'd never bought a 20-ounce soda until I had a million-dollar net worth. We never missed a time. We always did what's right, and we just kept grinding and grinding.

My wife worked hard for those years while I kind of pursued some of our dreams. So you're plowing everything back into the business, and she's paying the light bill with her nursing job. That's correct. But, you know, when you've got most of this business is paid for. There's some debt on some of the real estate portion, but when you've got a lot of that cash flow, it really just kind of comes on you all at once, you know, once you get out of debt.

Yeah, I think it did did you guys are incredible okay so uh what do you tell in the next generation you're 36 what's the 26 or 24 year old dude that's watching us on youtube right now oh i was 26 years old and my wife and i both took a financial peace university class we were in four hundred thousand dollars in debt at the time non-business related oh wow and we we worked and worked and worked I mean it was a lot of it was our house some of it was some rental properties that we had debt on and we did anything we could do my wife went and worked at another hospital I went and worked at another store I started the business after business, and we just, anytime we made a dollar, we basically invested in ourselves. So my advice would be to invest in yourself and do it wisely.

You put in a lot of long, hard hours in the last decade. Yes, sir. But now you're 36 and can do anything you want to do, right? Well, we paid cash for 300 acres, and me and my son are hunting this afternoon after school. That's awesome. The Lord's definitely been good to us, Dave. Yeah, I think he has. And I think you planted plenty of corn, and he brought the rain and the sun.

You did not plant sparingly. You're reaping a bonus because you planted a bonus. Well done, sir. Very, very proud of you. Good stuff. Great job, John. Good to talk to you, man. You're an incredible young guy.

Very cool. $7 million. In the grocery business. Just doing it. In a decade. It's amazing. Wow, wow, wow. Yep.

There you go. Nothing fancy. Just get it. I don't think he was quiet quitting, was he? Quite the opposite of quiet quitting. A lot of hard work. A lot of hard work John and his wife went through. Well done, John.

This is a Baby Steps Millionaire Theme Hour. Thank you. Our scripture of the day, John 14, 6, Jesus answered, I am the way and the truth and the life. No one comes to the Father except through me. Craig Rochelle said, Be careful not to blame yourself if someone rejects Christ. If you do, you might be tempted to take credit when someone accepts him. That's our friend Craig. You were just with Pastor Craig and Amy the other day, weren't you?

I was, last week. Was it last week, week before last? Time gets't you? I was. Last week? Yeah. Was it last week? Week before last? I know. Time gets away now. I'm losing my focus in November. I don't know where I am. I don't even know where I am right now, let's be honest.

All over America in the last 45 days speaking to you folks, and we're honored to do it. It's a Baby Steps Millionaire Theme Hour. Sal Chin is with us in Seattle. Hey, Sal Chin, what's your net worth? Hello. It's an honor to speak with you guys. You too. So right now our net worth is around $1.65 million.

Excellent. Give me a little breakdown on that. By category. It's spread across real estate and 401K and other investments in mutual funds. How much is in real estate? So I think gross 1.5, 1.6, I think. Okay. And how much in your 401k?

401k is around $300,000. Okay, cool. And then how much in the mutual funds that are not retirement? Around 350 if I'm not wrong. Excellent. Well done. How old are you? I'm 34.

My wife is 32. Good. Cool. And how much of this did you inherit? Nothing. Zero. Okay. Okay. And what's your best year of income did you inherit? Nothing. Zero. Okay. And what's your best year of income since you've been working

and your worst year of income since you've been working? Household income. So our income has been growing every year, and so the best year was the last year. And, of course, the worst year was when when i was a student here how much did you make what was your income when you were a student uh nothing i had to borrow money to pay for my gotcha and what's your been your best year working income wise what was your income so last year i think we made $350,000.

Wow. What do you do for a living? So I'm in a tech company here in the Pacific Northwest. And what do you do for the tech company? I'm a software engineer. Ah, okay. Very good. You have a four-year degree in that, in information systems, or what? So I did my bachelor's degree in India, and i moved here for my master's degree um yeah so that's where that's how uh uh my education is and yeah gotcha so your master's is in information systems or what yes okay that's right okay cool and your GPA I want to say it's on 3.6

okay cool all right and so talk to the person out there who's come here from another country like you did is this possible still And what is the secret to becoming a millionaire? Oh, it's very much possible. And you just have to, you know, go to college, finish a degree, and land a job, and start investing from your very first paycheck. I believe that's the secret. Sounds logical to me, brother me brother hey thank you for calling and sharing your story we really appreciate it let's see if we can sneak in one more david is in charlotte north carolina david what is your net worth two million two million give me a little

breakdown by category well my primary residence which i paid off is worth about three quarters of a million. I've got, uh, commercial real estate, about 465. I've got a couple of retirement accounts. I haven't tapped yet, but they're worth about a half a million. Um, and then I have, uh, cash accounts, cash brokered, non-retirement accounts with another a hundred,000, about $50,000 in cash, about $100,000 in things that go vroom with motors, one of which surprisingly is appreciating, but I didn't buy it for an investment. I bought it because it's fun with my kids. About $40,000 in 529 plans, $15,000 in a health savings account. I bought one iBond this year for $10,000. Okay.

So how old are you? 53. How much of this did you inherit? $70,000 when my dad passed. And I got to say, it made such a difference at that time. It's not a big percentage of my net worth now, but it insulated me from so many risks. But the real, uh, the real gift I got from him was what he told me growing up was about 85% consistent with, uh, what you tell people. Wow. Okay. About money. Now, what do you do for a

living? I'm retired. I'm, uh, uh, uh, from paid work. I'm i'm a widower stay-at-home dad now so i make dinner and i shop and i sweep up dog hair what was your what was your career i was an it uh manager for local county government okay and you did well enough that uh with this uh taking care of kiddos and the situation you find yourself in that you don't have to work anymore. That's excellent. I love that. I opened an IRA when I was a senior in college. Okay.

So what is the secret to getting to a $2 million net worth by 53 years old in your mind? Well, you know, I'm. You don't have more time. I'll just give you the bullets, man. Cause it's, I saved early and often. I did something for money since age 11, but I saved up 8,000 from paper routes and working for $3 and 15 cents an hour in the eighties. So regularly putting by from your paycheck and then investing and leaving it alone, which is super hard for me to do. I had to open a second account, which is like a tiny, like 3% of my net worth. I allow myself to lose money by trading too much in that account. But I learned that the more I touched it and the more I looked,

the worse I did. So buy and hold really works better than messing around with it. Amen. Uh, and, and then not overspending on a house, avoiding the two income trap. My late wife and I bought a fixer upper. We fixed it up. We lived in it for eight years. But then we we managed to qualify for a mortgage on a completely different house without having to sell that house. And so we rented it to a nice older couple. And so I got the appreciation of two houses while we were renting as a mediocre landlord. It's not for me. I managed to both not make any money and tick off the tenants. But they they paid me. They was a mediocre landlord. It's not for me. I managed to both not make any money and tick off the tenants, but they, they paid me, they paid down the mortgage. So like when we,

when I sold it, like they, I paid it off with their help, but they, they, I put 42,000 the six years they rented it towards the mortgage from their rent. I love it. Very well done, David. Proud of you, man. Congratulations. Very well done. Okay, millionaires we talked to today, 3.3 million, 3.4, 1.25, 7 million, 1.65, and 2 million. The only person that inherited anything prior to having a million dollars was this last one. He inherited 70,000. Yeah. One couple inherited 350 after they were already millionaires.

Law enforcement, truck driver, grocery store owner, software engineer, IT manager, retired, and a musician. All over the map. What's the proof here? Anybody can do it, Rachel. Which I love. All the questions that you ask, but you get the range of ages, the range of income, the range of jobs and careers. But it's that consistent live on less than you make, put money away, and work hard.

Yep, 34, 32, 36, age 58, 55, 62, 48, 40, and 53. So no one under 30, no one over 60, but one. Over 65. Over 60. No one over 65. That'd be why I'm saying it. Yeah. So this is consistent, too, with the findings of the study that we published in Baby Steps Millionaires.

And to think how the rest of America, the stats that we're seeing, living paycheck to paycheck, the rise of credit card debt, and it's just continuing to live on the edge, on the edge, on the edge, on the edge, on the edge. And all these people are saying don't live on the edge. Don't live on the edge. There you go. Do the boring stuff. It works. That puts us out of the Ramsey Show in the books.

Thanks, Rachel Cruz, Austin, Ben, Zach, Andrew, James, and Will, everybody in the booth. Thank you. The booth dudes. That puts us out 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. Hey, it's Rachel Cruz, co-host on The Ramsey Show.

If you want to do your debt-free scream live on the show, visit ramseysolutions.com slash debt-free scream. We'd love for you to come to Nashville and tell Dave your story. That's ramseysolutions.com slash debt-free scream.