The Ramsey Show - App - You Can Become a Millionaire if You Get to WORK! (Hour 3)

Episode Date: June 22, 2023

Dave & Jade interview millionaires to find out how they built their wealth. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Here's an EveryDollar deal just for our listeners: get a 14-day free trial PLUS $15 off your first year of premium. Click the link below and start budgeting today! www.everydollar.com/jade Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Live from the headquarters of Ramsey Solutions, broadcasting from the POTS moving and storage studios, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Jade Warshaw, Ramsey Personality Personality is my co-host today, and you are listening to a Baby Steps Millionaires Theme Hour. A lot going on in that title. We're going to be taking calls from people who have a net worth of $1 million or greater only.

You are welcome to call if that is you. The phone number is 888-825-5225. You are calling because we want to interview you and learn a little bit about your wealth, how it got there, where it came from, and where real millionaires come from. There's a lot of mythology out there about where wealth comes from. It's all inherited. You have to be a rock star, a country music star, a sports figure in order to be a millionaire. Only crooks become millionaires. All wealthy people are crooked. They stole their money.

All these other absurd mythology items that are running around the culture that people believe, and the problem when you believe them is is it makes you think it's not for you and the purpose of this show is to show you the truth where do millionaires really come from by talking to real millionaires i don't want to talk to your broke brother-in-law i know he has an opinion and he votes wrong. We don't even need to ask him. Okay. I want to talk to real millionaires, people who've really done it. A millionaire is by definition, a net worth of $1 million or greater. Your net worth is an accounting figure. It is not a feeling. It is not a moral construct. Your net worth is what you own minus what you owe equals net worth.

Not a salary. It's not a salary. It's not an income. It's definitely not your freaking FICO score. And so it's really just your assets minus your liabilities, the net of those two things, the net worth of those two things, when it is greater than $1 million, you are by definition a millionaire. Well, $1 million isn't enough. This is not a discussion of that.

This is a discussion of do you have a million dollar net worth? Well, it's not a real million dollar net worth unless it's all in cash. No, you're wrong. That is not the definition if you want to define something as a cash millionaire that's fine but real estate counts any asset that can be sold and turned into money counts that's called an asset minus any liability any debt that you have net net net is a million dollars or greater you're a millionaire mark is in chicago our first millionaire hey mark what's your net worth hi dave thanks for having me on uh 2.9 million dollars very good give me a little breakdown by category how much in each of the

different things uh my retirement is about 1.6 um other savings outside is about a million and my house is worth about 0.3 300 000 house okay cool uh how old are you 65 good for you and how much of this 2.9 million dollars did you inherit a hundred thousand okay at what point did you inherit 100 000 how wealthy were you when you got that uh probably was worth a little over a million dollars at the time so you already you already had the ball rolling yeah so we can is it safe to is it a correct statement then to say you are not a millionaire because of inherited money? That is correct. Okay, good.

So what was your range of income in your working life, your worst year and your best year working? Averaged about $90,000 when I started after I graduated from undergrad. My starting salary was $12,600 a year. And then probably within the last couple years before I retired, maybe about $180,000. Good for you. And what was your career? Certified public accountant. CPA.

Good, good. So I assume you have an accounting degree, four-year degree. Yes. What was your GPA? 3.5, good. So I assume you have an accounting degree, four-year degree. Yes. What was your GPA? 3.5. Okay, cool. And then I went on after a couple years to get my master's in taxation. Ah, very good.

Very good. Are you a book reader or a TV watcher? Neither, to be honest with you. More reading, obviously the tax law and the changes and so on. That counts. And some of the trade journals. Okay, all right. So what advice would you give to the 25-year-old CPA out there that's listening?

Can they still become worth $3 million when they're 65? If so, what should they do? You need to have some goals in life, and that's what I started out, that I had some goals, and then you figure out a plan to achieve those goals and you stick with it, and you need discipline. Without the discipline, it's not going to happen. Yeah, okay. Did you have fun in your life? I mean, did you go on vacations and enjoy nice things, And you need discipline. Without the discipline, it's not going to happen. Yeah. Okay.

Did you have fun in your life? I mean, did you go on vacations and enjoy nice things, or did you live in a cave and collect lint? No, no, no, no, no. We had fun, and one of the plans that I had when I graduated from undergrad, one of my goals was to own racehorses, which after saving for a number of years, I've been able to do, and that's still part of the fun in our life besides traveling. How many horses do you own? Right now, I own 50% of one standard bred. Wow.

And that horse would be valued at what? Yeah, right now, she's probably worth about 20 grand tops oh okay all right so that's truly hobby stuff excellent well no no no it's a traded business we try to make money at it i know i know but it's not if you told me she's a half million dollar horse you owned half of it i'd out of 2.9 million that's it but i mean this is your share is ten thousand dollars so yeah this is fun it's fun is what your point is yeah good for you man i'm proud of you hero you went out and did it live the american dream man it can be done jade i mean he started making twelve thousand dollars a year i love that when he when he started his working life that's just amazing yeah i mean i know it was a different time but golly

yeah it was a different time but it's uh not a different time now and he made 180 okay so i mean so how did he become wealthy what do you say steady slow and steady slow and steady discipline personal discipline i gotta believe he was debt averse yeah the largest study of millionaires ever done in north america done here at ramsey airtight research had outside research firms looking over our shoulder to make sure we weren't getting into some kind of confirmation bias or are violating some methodologies because we're really good at research but we want to be triple sure this is airtight research in other words if you don't agree with the conclusions you're what's known as wrong okay 79 of america's millionaires did not receive a dime of inheritance

that's eight out of ten another five percent received a small inheritance like five thousand dollars another received a substantial inheritance like mark of a100,000 after they were already millionaires. 5 and 5 and 79 is 89% of America's millionaires are mathematically not millionaires because of inheritance 9 out of 10 times. You know what that says to the rest of you? That you can do it. And you should do it. This is the Baby Steps Millionaires theme hour on The Ramsey Show. Jade Walsh, all Ramsey personality is my co-host today. This is a Baby Steps Millionaires

theme hour. Ken is in Los Angeles. Hi, Ken. What's your net worth? Hey, Uncle Dave. It is so awesome to be talking to you. I can't believe this is happening. You too, sir. Thank you. My net worth is, thank God, it is $1.5 million. Yay! All right, give me a little breakdown by category. Yeah, it is 10% real estate, all paid for, and the rest, 90%, is in index funds, low-cost index funds.

Okay, so you said how much is in real estate? About $150,000. Oh, $150,000 in real estate. Okay, and then so $1.3 in mutual funds? In low-cost index funds. Yes, okay. That would be mutual funds, yes. Okay, all right, cool.

And how old are you? I am 42 and my wife is 43. Okay, excellent. And how much of this did you inherit? I wish. No. In fact, it's the opposite because I helped my, well, me and my wife, we helped my mom and dad back home during their bankruptcy. So we inherited nothing, absolutely nothing, not a dime. Where's back home, Ken? For me, Istanbul. Oh, wow. My wife is Korea.

Yeah, okay, wow. Okay, zero. So your household income or your working income since you began working, your best year and your worst year? Oh, worst year, I had a disability. I couldn't work for like two, three years. Best year is, thankfully, today, both me and my wife combined income, including bonuses and stock options, of $490K. $490K. What do you do for a living? I'm a software engineer, and I own a consulting business on the side.

And my wife, she's the co-founder and I own a consulting business on the side and my wife is a she's the co-founder CEO of a tech startup oh wow okay all right and the you have a degree in software engineering I have a degree in computer science computer science yeah I barely like I barely finished high school I barely finished college so I'm not the smartest guy in the room, that's for sure. You make $490,000. Something's going right for you. What was your GPA?

As low as possible, like 1.5, if that even happened in the past. If that even gets you out. I don't even know how it works. Okay, so where did the $1.3 million come from? Just pure savings? Saving and investing. Like, I don't think I ever put more than $1,000 in the stock market at a time. It's just small drops in the middle of being a lake today, an ocean perhaps.

Wow. What made you believe so strongly that you could do this because you went after it man i did yeah you know i was so broke in college dave i grew up wealthy uh you know my mom and dad uh and then i came to u.s for college i was just dead broke and i did not ever ever want to be broke again. So I saved, I invested, and I read a book that changed my life very early, like in my 20s. You know this book, The Millionaire Next Door.

Oh, yeah. Yeah, excellent. Tom Stanley's book from 1992. Yeah. Yeah, that book. I owe my wealth to that book today. So just a slow, steady $1,000 a month here and there, invested over time. Good for you.

Yeah, exactly. Is that the advice you would give to a younger version of you listening? I would say definitely read more books. And, yeah, just read more books. Like, the way I see it, Dave, there are two topics you have to master in life. One thing is money because you interact with money no matter what. And one has to read about money. The other one will be perhaps dealing with people.

So those two books, I think people should read about those topics. Yeah, I agree. Good for you, man. Well done. Proud of you, hero. Good work. That's something. Pretty incredible.

42-year-old, $1.5 million net worth. Catherine is in Fort Worth, Texas. Hey, Catherine, what's your net worth? Hey, Dave, my net worth is $1.2 million. Good for you. Give me a little breakdown by category. So I have, it's broken down into cash, real estate, a Roth 401k. How much cash?

Oh, $293,000 in cash. Okay. How much in real estate? $652,000 in real estate. We have $75,000 in our Roth 401k. $100,000 in equipment company for one of our side hustles. $75,000 in cattle because we live in Fort Worth. And $22,000 in stocks.

Wow, way to go. How old are you? I'm 29. Wow, look at you. A young millionaire. I'm 32, so we did this together. Yeah, way to go, guys. How much of this did you inherit?

$0. $0 to go, guys. How much of this did you inherit? Zero dollars. Zero? Okay, cool. And your income since you started working, best year and worst year? Our worst year was probably one of our first years out of school, about $95,000. And now we're up to about $280,000. Cool. What's your careers?

I'm a nurse practitioner practitioner and he works in construction good for your degrees i'm i know you have one you got a master's for me yeah yeah and he has a degree in what yeah in i think general studies so i think he had three minors. Okay, cool. What was your GPA? Mine was 3.7 and his was probably 2.9. You got your net worth categories broken down to every detail. That tells me you're tracking this closely. What drove you to do that?

Yeah, I think, you know, a lot of it we had in our minds that we wanted to be millionaires by the time we were 30. We started doing your baby steps when I was 22. I was just out of college. I made my first big girl purchase of a Lexus. We were in debt and we were looking at our bank account and saw that, you know, we were paying $500 a month. And we're like, what are we doing? So we started listening to your show and the Million Step, you know, Baby Step Millionaire theme hour is on there. And we were like, you know, this is something that we can make happen if we get out of debt.

So we set it as our goal. My husband was 30 years old in two months by the time we became millionaires. And so, yeah, it's just always been a goal of ours. Wow. Good for you. Very well done. So you were aiming at it very, very specifically. And the method you used was, of course, getting out of debt and living on less than you make. Right, right. And I think what we really learned through all of this is, you know, in baby step one, where you really just do what you can to make that thousand dollars. Well, we took that and just ran with it until, you know, we became millionaires. So, and, you know, it was a thousand dollars and then it was a two thousand dollars. But what we really learned was, you know, how to

work and how we really just learned how to make money. That's amazing. Man, I just, all I see through this whole equation is intentionality. And I think that's such a huge part of this is knowing, hey, this is the goal. We're going to do what it takes to accomplish a goal. So how do you, how do you enjoy this? What do you do to enjoy now that you're not just like on that grind?

Well, first of all, we really enjoy working. So that's part of the the problem but also got us where we are um but just i don't know just sitting in your your house at the end of the day and saying like look what what we've done and uh i don't know just i mean we don't really we don't really go out to eat at fancy restaurants we don't you know really do all that that kind of stuff but um you know just but it's not because you can't it's because it's not because you can't do it it's because you're that's just true to your personality it sounds like right yeah yeah we're we're the type of people that like take coupons to subway after work and do that kind of thing but

um i don't know it's just the the peace that you have in your mind and knowing that you can set goals and achieve them. Proud of you. Way to go, hero. Look at you, 30 years old. Before you're 30, you become a millionaire. 30 years old, $1.2 million in net worth. Why? Listen to this podcast.

Do this millionaire theme hour seven, eight years ago when they're 22 years old out of school and said, oh, wait a minute. $500 Lexus payment is for a moron. I'm not a moron. That's textbook. I'm going to get out of debt

so I can be a millionaire by the time I'm 30. But Dave Ramsey's stuff is only for poor people. We don't help people get rich. We don't know. Nobody knows who gets rich doing this.

Only her. Wow. That's so impressive this is the ramsey show finding a high quality real estate agent can be tough but it can be even tougher when you're trying to find one in another city or another state where you don't have connections. If you're relocating, you already got your hands full. You don't have time to search high and low for the perfect real estate agent. But this isn't the time to just roll the dice and let Google find you a dime a dozen agent. And you don't want to hire someone's Aunt Linda who just got a real estate license.

Or worse than that, Karen. Don't settle for average. You need an agent you can trust to help you make strong decisions and smart decisions. We call these agents Ramsey Trusted. And that's because they're agents we trust. You know why we trust them? They're the best in the industry. They sell a ton of houses they're

not brand new in the business they're top of the business they're going to take care of you because they know how to do that yeah you don't have the time or energy to waste and you don't want to get with somebody who's just getting i mean this is you got to get somebody knows what they're doing okay ramsey solutions.com slash agents it'll get you a ramsey trusted real estate agent ramsey solutions.com slash agents this is a baby steps millionaires theme hour we're talking to real millionaires people who have a net worth of greater than one million dollars a net worth is defined as your assets minus your liabilities. What you own minus what you owe equals your net worth. If you have a million-dollar income and no money, you are not a millionaire. Your income does not cause this to happen.

I heard an idiot congressman the other day say, well, he's not a millionaire. He doesn't make a million dollars a year. And I'm like, how do we elect people like you that are illiterate? But yeah, it's unbelievable. That's disheartening. Yes. A U.S. congressman. Wow.

Woman. Yeah, she's crazy, crazy, crazy. OK, so we're talking to real ones. If you're a real millionaire, call me. I want to know how you did it. I don't care where it came from. You could have hit the lottery. You could have gotten inheritance.

You could have started a company. You could have done it slow and have started a company uh you could have done it slow and steady i don't care how you did it i want to know i want to hear from you what the real story is the phone number here is 888-825-5225 john is with us in denver john your net worth is what uh right at about3, Dave. Excellent. Give me a little breakdown by category. How much in each category? One, four in IRAs with an investment firm in Aiken, South Carolina, where my parents used to live. I've got about $25K left in my 401K. I moved most of it over since i'm getting ready to retire soon i moved it over

to my investment counselor and then um i've got about 600 grand in equity in my house and 200 grand in a paid off rental property that used to be my parents so okay cool how old are you i am 61 looking forward to 62 in two months good for you good for you and how much of the 2.3 did you inherit uh probably about six hundred thousand dollars days were you already a millionaire before that happened or was that before i i was already a millionaire okay so you did not become a millionaire mathematically your first million by inheritance but you did have a nice bump after yes sir and it sounds like you're referring to your mom and dad so this was when they passed i'm guessing yes sir okay cool and your working lifetime what was your best income producing year and your worst?

Best year was just over 500. Okay. Worst would have been one of those early years, you know, probably $548. I got you. Okay, cool. And what was your career? I'm an accountant. I run the business operations for a contractor that operates our nation's chemical demilitarization facilities. Ah, okay.

But you're a CPA or an accountant by trade? Yes, sir. And that was your degree? Yeah, not a CPA, just that i'm an accounting major in college yes sir okay got an mba so okay all right and what was your uh gpa uh undergrad probably somewhere around two nine graduate uh close to about three nine good yeah i get serious then yeah okay and uh okay so what is your uh you do you hear uh the voices in the culture that we hear telling people this can't be done do you know what i'm talking about i do yes sir that personally frustrates me because

it's not true and then it tells people, I call those people hope stealers, because if they steal someone's hope, then they won't go do what you have done. And so you know it's doable. Do you think it's still doable today? I know it's still doable today, Dave. My oldest son owns three homes, two of which are rental properties, and my youngest one owns six, five of which are rental properties, and my youngest one owns six, five of which are rental properties. And so they're in their, what, 30s or 40s,

and they are millionaires too? They're getting there, yes, sir. The oldest one is about 37, the youngest is about 32. Okay, and they're well on their way to being millionaires if they're not already. Yes, sir. Okay, very cool. So what advice do you have to the younger version of you that's listening out there? The best advice I ever got, a professor in college of mine said, what would you have if you put $2,000 a year into a 401k or an IRA? Because back then, that's what your max was.

That's right, it was. Yep. And so I, you know, looked at that, and I came up with like $980,000. I was like, wow, that's pretty good. So, yeah,'s that would be my recommendation just figure out a way to to throw money at a 401k or an ira every year and the other main the other main thing is to always tithe oh i love that so making giving a major priority in this whole thing yep wow what i'm hearing here and and I mean, there's a good side of this.

It can work out in your favor or negatively, but there's a mentality here that's clearly been passed down because clearly his parents had money and now he has money and his kids now are millionaires. And John, I think, I mean, am I right there that this is a way of thinking, this is a way of working, this is a way of handling our money that we're not only doing ourselves, but we're teaching our children to do, right?

That's exactly right. My parents never made more than 60 years in their lifetime and both of them worked. And when they retired, they still saved money out of their social security checks, not to mention what they got in pension. So they were saving just about every penny they had and their net worth increased probably $400,000 in retirement. Wow. And I think that's what's so incredible about that. It's when we talk about changing your family tree, that's exactly what it looks like. And you don't have to make $500,000 a year to do this, is the lesson that I'm taking away from this anyway.

Yeah, that's true. Is that right? Yeah, very good. Well done, sir. Proud of you, hero. Man, look at you. You did it. You're actually worth $2.3 million. So. Proud of you, hero. Man, look at you. You did it.

You're actually worth $2.3 million. So cool. You're 61 years old. That's very fun. One of the myths that people believe is only the uber smart become millionaires. And actually, what we find is the typical millionaire has around a 3.1 GPA. His was 2.9 in undergrad, 3.9 in grad. We got a 1.5 earlier. We got 3.7 and a 3.5. Mine was 2.97. And if you haven't heard, I'm desperately bitter about that three one hundredths of a point. I probably attribute it to beer. But the point is you really can't be like dumb.

Right. But you don't have to be uber smart. You don't have to have a 4.2. You don't have to be like a savant. Well, there's different ways of being smart. Everything's not like the book test smart. You could be smart in other ways. You could have like common sense.

That's right. There you go. What do you know about that? Well, you know, this is The Ramsey Show. Jade Warshaw, Ramsey personality is my co-host today. This is a Baby Steps Millionaire's theme hour. Our scripture of the day, Proverbs 22, 29. Do you see a man skillful in his work? He will stand before kings. He will not stand before obscure men. Kale Sanderson, three-time Olympic gold medalist in freestyle wrestling,

said unless you continually work, evolve, and innovate, you'll learn a quick and painful lesson from someone who has. Ooh. Wow. Kyle is with us. Kyle is in Chicago. Hey, Kyle, welcome to The Ramsey Show. How you doing, Dave?

Better than I deserve. What's up? Not too much. Your net worth is? 1.32. Cool. Give me a little breakdown by category. So about $ 350 in cash um about 115 120 in brokerage about 60 70 in retirement and then the rest is in real estate okay so

we had a little bit of business value uh too i'm self-employed so a little bit of business value, too. I'm self-employed, so a little bit of business. So about $700 in real estate, give or take. All right, cool. A little bit more than that. Okay. And your age? I'm 32. Okay. All right, excellent.

And how much of this did you inherit? Zero. Okay. And what was your best year working and your worst year working so far? Worst year was about negative five thousand dollars a handful of years ago and uh absolutely terrible year of business um and then the best was about 250. cool what do you do uh landscaping snow plowing uh exterior lighting you know just small business type of stuff so when you talk about cutting grass, oh, I feel that one.

Yeah. I hear you, man. Okay. You have a four-year degree? No. Nope. High school? Yes.

What was your GPA in high school? A's and B's. I don't remember the exact number, but it just, you know, nothing too crazy, nothing, you know, out of the ordinary, just kind of just got by. So you're a 32-year-old high school graduate that has a $1.3 million net worth from running a landscape company. Yep, started it when I was 11. I'm so impressed. Walking, pushing mowers down the street, and it just kind of grew it, grew it, grew it,

and that kind of increased the value by adding different services and skills and kept at it boys and girls and whiners across america listen carefully here's where money comes from work oh my god you work you outworked everybody i mean there's definitely been enough hundred hour work weeks in there, but it is, uh, you know, just sometimes you got to just put your head down and work. Wow. Hey, can I ask, what's your, what's your relationship with debt been like? Like, what's your thought about that? Um, I'm, so I'm not a hundred% with you guys on that everything debt-free but I use them as different kind of levers so like I have two houses paid off but two houses have mortgages so I kind of keep a healthy balance in case uh I get injured or something you know uh all the trucks are paid

off for the company so for the most part debt debt averse for the most part yeah yeah when i do like take out something with debt i try to uh you know pay it off as quick as possible but i also have a large cash cushion for you know so that you know a safety measure yeah so let's pretend that the local high school there in your neighborhood invites millionaires to come and speak and you go and speak and a a kid who's a senior in high school says uh hey kyle america's broken you can't be a millionaire today uh that's it's easier today than it's ever been why because so many people don't want to work. That's opened up so much more opportunity for the people who do. Come on, come on, come on. I love that.

I love that. All you have to do is be willing is basically what you're saying. I do. I cut grass. That's only a small part of what we do, but I cut grass. There's nothing special, fancy, or difficult about it you know it's just you got to get out there and go every time the grass needs cutting you never miss and then along along the way you figure out where you can add more value increase your skill set now i can climb

trees and remove trees now i could do low voltage lighting so I didn't just stay stagnant with cutting grass. I expanded myself, my value, my skills to increase my income. I love it. I love every bit of this call. You are amazing. You're an absolute hero. Kyle, thanks a bunch, man. Congratulations, hero. So very proud of you.

When you can make a million, when you can have a million dollar net worth cutting grass at 32 years old everybody else just needs to shut up just that's a mic drop it's a mic drop just shut up just shut up and what he said is so true like let's just scream and throw a fit and whine and melt down and say oh you can't you know i need i need fifteen dollars an hour and i don't even show up i need twenty dollars an hour i don't even show up and uh but because you know it's it's just america's not fair life's not fair well i tell our kids what growing up the fair is where the tilt of world on the cotton candy is let me tell you about fair fair as you get off your fair butt and get to work that That's where fair is.

And then you will find fair. It'll show up at your door and show, you know, then you'll be able to afford to go to the fair. If you quit whining about everything being fair. Wow. Unbelievable. Yeah, I'm sorry. You're not entitled. No.

And he's not entitled. What a cool guy. Yeah, very cool. I mean, 32 years old. I mean, he's not entitled what a cool guy yeah very cool i mean 32 years old i mean he's just made really great decisions he took what he knows how to do and he's like i can make a business out of this i can find a way to make money out of this and just little by little continuing to grow i mean obviously it's not like a straight path you know you have good years and bad years but he just continued on with it and here we are are. I just think that that's phenomenal. So today on a baby steps millionaires theme hour, we talked to five millionaires, 2.9,

1.5, 1.2, 2.3, 1.3 million dollar net worth, 65 years old, 42, 29, 61 and 32 years old. GPA is 3.5, 1.5, 3..7 2.9 and 3.0 from high school these are our millionaires for the day the number of them that inherited their wealth they became millionaires because of inherited money was precisely zero nine out of ten american millionaires started with nothing inherited some money maybe but only after they were already millionaires 90 of america's millionaires did not become millionaires because of inherited money 89 detailed research has proven that no they're not we didn't talk to a single person who was a professional con artist or crook oh look at that they did not steal their money wealthy people are all not thieves.

That's right. That's the dumbest but Karl Marx thing you can ever say. You must vilify the wealthy in order to destroy them with anarchy. That's called communism, moron. Seriously. It's the Karl Marx playbook to vilify the wealthy. When instead in America, some of the nicest nicest best people you'll ever meet became wealthy because they're some of the nicest best people you'll ever meet and they served and they helped and they showed up and cut your grass and they did your accounting and they

were nurse practitioners and they were software engineers and they were cpas today not a single one listed crook as their career track that's right we also didn't talk to any nba stars yeah we didn't talk to any rock stars no i don't know if any of these people can even play the guitar that's right and they look they weren't all 80 years old either what do you know about that you can be young and they had good lives yes they enjoyed themselves i just love debunking these myths yeah it's just i just love it yeah you these myths. Yeah. I just love it. Yeah. You guys, you got to believe the truth in order to act on the truth. If you believe the crap that is floating around in our culture, it causes you to be stagnated. Yeah. Don't believe it. That's why we do this baby steps.

That's why we wrote the new book. This is the number one bestseller, Baby Steps Millionaires, because they became millionaires by doing the baby steps right there is great hope out there america is not perfect but it is the best chance on the planet you have for the little man to succeed that is not a patriotic statement that is a statistical freaking fact oh my gosh people seriously get it get you some oh my gosh it's unbelievable seriously, get it. Get you some. Oh, my gosh. It's unbelievable. Jade Warshaw, good hour.

Proud of you. Thank you. Guys in the booth, the booth dudes made it happen again. Excellent job, guys. We'll be back with you before you know it. In the meantime, remember, there is ultimately only one way to financial peace, and that's to walk daily with the Prince of Peace, Christ Jesus. Hey, what's up, guys? It's Jade. Look, if you like what you heard in this episode and want to know more about getting started on the Ramsey Baby Steps, go to RamseySolutions.com and click the Get Started button. We'll help you figure out the best next step for you based on your specific situation. That's RamseySolutions.com and click Get Started.