The Ramsey Show - App - You Don't Get Rich by Being a Crook (Hour 3)

Episode Date: July 25, 2019

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Live from the headquarters of Ramsey Solutions, broadcasting from the Dollar Car Rental Studios, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. You jump in. We'll talk about your life, your money. It's a free call, 888-825-5225. This is a millionaire theme hour. We are doing an everyday millionaire theme hour.

That's what we're doing this hour. And what that means is we're going to talk to real millionaires, not broke people with an opinion about money i don't care what your broke brother-in-law's opinion is he doesn't have any money so his opinion about money doesn't matter so we want to talk to people who real millionaires how did you really do this and what we find is as we talk to these real people, and if you're a millionaire, that means you have a $1 million or greater net worth. Your net worth is what you own minus what you owe.

When that equals $1 million or greater, you are a millionaire. We want to talk to real millionaires. It doesn't mean you make $1 million a year. It means you have $1 million if you sold everything and paid all your debts. That's what it amounts to, and that makes you a millionaire. So now, is a million enough? We're not debating that. I'd love for you to have more.

But there's about 11 million millionaires in America, and we've been interviewing them and researching them for quite a while around Ramsey. The Everyday Millionaire's book with Chris Hogan became a number one bestseller. It's got 140 of the statistics we found when we did the largest study of millionaires ever done in North America. And so if you are a millionaire, you call in this hour. We want to interview you and learn how you got there, what your situation is, so that other people can go, oh, I could do that. I can be like that guy, that lady.

I can do that thing. The phone number is 888-825-5225. Our first millionaire up is Dan in Minnesota. Hey, Dan, what's your net worth? Right about $2 million. Good for you. Well done. So break that down for me. What categories is that in, and what are the amounts? Got about $1.2 million in retirement and house equity about $250,000. Rental real estate, about $350,000.

Business, about $200,000. And bid and savings, about $50,000. Okay, way to go. Very good. Now, your retirement is invested in what? Mostly in equities. In mutual funds? Right.

Okay, all right, cool. How old are you? 54. Good for you. And how much of this $2 million is there because you inherited it? I had an inheritance, but mostly did that on just upgrading things around the house, taking some vacations, that kind of thing. And that was about $100,000 about four years ago after we were already over the $1 million mark. Okay. So you're not a millionaire because you inherited the money that's right and what has been the range of your income in your working life uh your worst year household and your best year household uh probably worst year be uh once i got started maybe 45 50 000

and uh 20 well 2019 will probably be the best year we'll'll be up over $150,000. My wife went back to work about last fall, but before that we were in that $75,000 to $80,000 a year range. Gotcha. Okay. And what do you do for a living? What's your career? Well, I've run a couple of businesses. I do software development and accounting work. Okay. All right. What's your degree in? Computer science.

Okay. All right. What was your GPA? I think it was about 3.3. Gotcha. Okay. And how much of the 2 million is there because you borrowed money to create wealth? Well, you know, I borrowed money to buy my rental real estate, but that would be it. Okay. so some but not much okay right cool all right fun fun so uh you uh it looks like you're heavy in your retirement which is awesome that's a pretty typical thing we see often with everyday millionaires um and so what is your story how do you if you were to talk to the fifth the 25 yearold version of you out there, and they say, hey, when I'm 54, I want to have $2 million, what would you tell them you did to get here? I got started investing early.

Before I was even out of college, I was investing in retirement funds way back then, and I'd say keep steady, just like you say in your baby steps. Invest and keep investing as much as you can early on because that will pay off in the long run. Second thing is living within your income. Don't go and buy the expensive house, the expensive cars that you can't afford, and just know that it takes time. You're not going to be a millionaire overnight. It takes time to build up your assets, but over time you wake up

and all of a sudden your net worth is over a million dollars and it keeps growing from there. Yeah, you get over a million just in retirement. Right. And you're not even at retirement. And it wasn't because you really made piles and piles of money, right? No, it wasn't that. It was that compounding returns on your investments and starting out early and just letting it grow over a long period of time.

But no, I was never making a lot of money in my career. Slow and steady wins the race. You got it. Very good. Okay. How much TV do you watch? I watch football in the fall. And other than that, the television mostly collects dust. Okay. So what's the best non-Ramsay book you've read in the last year?

I've read one called Scaling Up. It's about growing your business. Good book. Yeah, you've read it yourself? Mm-hmm. Okay. Yeah, that's a great book. He's a good writer.

Okay, good stuff. Very well done, man. Very well done. Good. Very cool. Well, thanks, man. It's good to talk to you. You're an economic hero.

You did it. You started from nothing. Never really made over $100,000 a year, 54 years old, has $2 million worth of net worth. See, that's what we usually find. The book is the number one bestseller. It's called Everyday Millionaires. It has 140 of the statistics in it that we found when we did the largest study of millionaires ever done.

Over 10,000 millionaires studied. And it was, you know, it does say that you're not, none of them got rich because the government helped them. None of them got rich by using debt, or almost none of them. You know, it's pretty simple stuff, you guys. Get their house paid off. They pay off. You know, slow and steady wins the race.

Steady investing into 401K. Steady investing into Roth IRAs and good mutual funds. I hear this over and over and over and over and over again. Now, if we study, and we have a little bit, and it's more anecdotal, people with $10 million net worths and greater, we start to see some changes in that. But the first $5 million to $10 million that people build in wealth is done by getting their homes paid off and building up their retirement accounts. There's a few exceptions, but not many.

And that's how most of these everyday millionaires do it. Why is that important? Because it says to you, you have a shot. You can do this. Well, Dave, I don't make $300,000 a year. Neither did he. It's a Millionaire Theme Hour, an everyday millionaire theme hour on The Dave Ramsey Show.

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to pay each other's medical bills. It's not insurance. It's Christians financially and spiritually supporting each other. It's what Christian Healthcare Ministries has done for over 35 years, and our members have shared over $2.5 billion in medical bills. To learn more, visit chministries.org. That's chministries.org. Christian Healthcare Ministries is a proud sponsor of Dave Ramsey Live Events. chministries.org. It's an Everyday Millionaires theme hour this hour. We're talking to real millionaires to find out who they are, what they look like, how they think, because you have the opportunity then to emulate that, copy that, which gives you a better chance of actually becoming one rather than believing political rhetoric

that tells you you're a victim or believing all the lies that are out there. All the rich people are crooks. Oh, brother. Really, none of them are crooks, hardly. I mean, there are some rich people that are crooks, but there are some poor people that are crooks but there's some poor people that are crooks too they're just crooks the money doesn't make that happen and you don't get rich

by being a crook not very often and it doesn't last if you do all right let's go to carl in illinois carl what's your net worth uh approximately 1.5 million, Dave. Cool. Okay. Give me the breakdown, the allocation of that. Most of it is in a... No, numbers. Give me the numbers. How much of it's in what? In a 3B, about $1.1 million. I've got about $65,000 in cash. Mm-hmm. I've got about $65,000 in cash, and then I have IRAs through both bank and through mutual funds that are worth about $150,000, and then the rest of my home is worth about $250,000. Gotcha. Okay, and it's paid for? I have about $48,000 on mortgage left on it.

Cool. How old are you? I'm 64. Good for you. Well done. So give me your, how much of this money is there because you inherited the money? Did you become a millionaire by inherited money? No, I haven't inherited anything. Okay. And your income range, household income range during your working lifetime, your best year and your worst year? My best year was right at about $8,000. Worst year basically when I first started was just a little over $13,000.

$13,000 a year, and you said $8,000 or $80,000? $80,000. Okay. Okay, so $80,000. You never made over $100,000 a year household income? No, household income, no. Okay. And what was your career?

I'm a medical technologist. I work in a hospital laboratory. I've worked in the same one since I started. Okay, in a lab. Okay, cool. What's your degree in? The degree is actually, it's called medical technology. Okay, med tech. It's a bachelor's degree. Okay, cool. And what was your GPA?

Actually, I was just listening to you prior to this and uh kind of what you were saying i grew up on a farm in a small town area really didn't know anybody that went to college and uh you know high school and they were pretty easy for me but uh going to college uh i entered a whole new world and really was not prepared for that so i I graduated with about a 2.7 GPA. Good for you. Good. Okay, cool. Well, that's what we find.

The average millionaire is between 2.5 and 3.5. The typical one is not a 4.2. And, of course, you know, they're not going to be a 1.2 or something like that either. So interesting. Very cool. So what would you tell the 25-year year old version of yourself that's listening is it still possible today to do what you've done and if so what would they do uh i believe so uh we had a pretty generous retirement fund in the hospital where I work. It's changed over the last few years, especially during around the 2008 period when the market took a hit. So it's not quite as generous as it used to be.

But one of the things you could do is add more to the 403B. They just currently changed it. It's in the process right now changing to a 401K. But my suggestion is put as much as they will allow you to put in. I did not do that early on, but over the years as we get a cost of living increase, I started putting in what they call a tax-deferred annuity, although it's not really a true annuity at this point in time.

Gotcha. Okay, good. So are you a TV guy or a book guy? Mostly a TV guy. I like to read a good book now and then, but mostly a TV guy. Gotcha. Okay, cool. Very cool.

What's the biggest mistake with money you've ever made? The biggest mistake was probably the purchase of my first home. Like I said, I grew up on a farm, so my father never really purchased a house. My in-laws, you know, they lived on a rental house because they rented their farm. So I didn't have any expertise to fall back on when it came to purchasing a new home and basically overpaid and purchased in the wrong area. Okay. How much that cost you?

Did you lose money? Yeah, I didn't get back what I paid for the house, but I didn't rent the house out for two to three years. So basically with the rental income and what I was able to claim on a capital loss, I probably came out breaking even. Okay. I got you. Cool. Hey, cool hey well done sir thank you for sharing your story with us we appreciate you being there susan is next in florida susan what's your net worth uh 1.1 million dave 1.1 million excellent give me the category breakdown on that so real estate 400 000 and then uh my husband and myself we have a 401k, $700,000. Gotcha.

Okay, cool. How old are you? I'm 50. Okay, cool. And how much of the $1.1 million is there because you inherited it? We actually inherited $100,000 back in 2014. Okay. And 2014, so five years.

So you were probably pretty close to being millionaires before that. We were pretty close. Okay. So you're not millionaires because you inherited the money. No. Okay. But you did get $100,000. Exactly.

That's good. And the income, your range of income in your working life, what was your best working year and your worst working year, household income? Well, when we got married 25 years ago, we started out about $60,000 and recently $200,000. Wow, good for you guys. What do you do for a living? So I'm a wellness manager at a non-profit hospital and my husband has retired now, but he was director of North America for an industrial textile company. And I also have a side gig. I know you talk a lot about side gigs, so I have a side gig. I know you talk a lot about side gigs. So I have a side gig. I sell real estate part-time.

Oh, good for you. Okay. And what were your degrees in? Well, my husband didn't attend college. I have a degree, a bachelor's in marketing. But I will tell you, I did not graduate from college until I was 45. Oh, wow. Okay.

So what was your GPA? About a 3.4. Okay. Cool. That's interesting. Yeah. So you know how you talk about student loan debt? So what I did was the company that I worked for paid for my college.

Ah. It took me a number of years, but hey, I graduated and I didn't have any debt. There you go. Very good. And you got a great income now. You're all you do. So very good. So what would be the advice you'd give to the 25 year old version of you? Well, I'm a car lover, so I would have to go back and say, don't leave so many cars. Don't buy so many new cars. That's always been my weakness. I've actually bought 13 cars just for myself. So yeah, I would probably go back and say, hey, buy a good car and keep it for about 10 years.

Yeah, okay. There's no telling what that cost you then over the years, huh? Exactly. So that would fall under your biggest mistake as well. So are you guys TV people or book people? My husband is definitely just books, books, books, books, reads all the time. I work a lot. I have two jobs, so I spend a lot of time working.

So not a lot of time working so not a lot of tv for either one of you no gotcha okay good that's that's that's what i'm finding a lot of very interesting cool very good and i and i will tell you just on a personal note if i can become a millionaire i feel like anyone can i was telling kelly i kind of had a challenging childhood and when i was a teenager i had to leave home 40. $40 in my pocket, no credit, no car. And 30 years later, a millionaire. So you're on the street as a teenager. Yep.

Wow. Yep. Yeah, you're right. If you can do it, anybody can do it. I'm proud of you. Well done. Honor to speak with you, ma'am. We appreciate you calling in.

It's a Millionaire's Theme Hour, an everyday millionaire's theme hour. The number one bestselling book, Everyday Millionaires, will confirm for you what you're hearing from these millionaires that we're talking to. This is an Everyday Millionaires theme hour. We're talking to real millionaires. We start doing this because I got disgusted hearing the lies that are spread that the little man can't get ahead in America. That the only people who are millionaires inherited their money. That the only way you're wealthy is inherited money. It's just simply not true.

Talk to three today. None of them became millionaires because of inherited money or the wealthy people are all crooks. Well, that's just dumb. Some wealthy people are crooks, but very few people become wealthy by being crooks. Most of them do it by living on less than they make saving and investing. Well, you have to be a famous entertainer or you have to be a professional athlete.

I hardly ever talk to one of those when I'm doing these everyday millionaire theme hours. There's 11 million millionaires. Less than 1% of them are household names. They're not rock stars. Well, you have to be brilliant. I just didn't get that gene. You have to have a 4.2 GPA.

The vast majority of millionaires are smart. They're wise. But we, I'm one of them, are not brilliant. My GPA when I graduated from college was a 2.97. I missed a three by three one-hundredths of a point. I'm still pissed, 30 years later. Three one-hundredths of a point. So I graduated, thank you, Lordy.

Thank you, Lordy. And that's what most of us did. Now, I'm fairly bright bright but i'm not a genius and i have become a millionaire twice which proves i'm not a genius because i lost it all once so this is doable and we're talking to real people who've really done it so you know it can be done. Kurt is next. Kurt is calling from Germany. Hey, Kurt.

Welcome to the Everyday Millionaire's Theme Hour. Thank you. Thank you, Dave. Good to be with you. What's your net worth? Coming up on three, somewhere between two, seven, five, and three. Yeah, pretty good. Okay.

For a small-town boy. Gotcha. Okay, so what's the breakdown on that? How's that broken down category-wise? Oh, I'm a little bit like you, Dave. I love real estate. Got into that real, real young. In fact, I bought my first piece of property when I was 17.

I figured you'd like that one. Wow. Great advice from my grandpa. He told me to buy real estate because they just don't make it anymore. It doesn't get any better than that. So we did that. But the majority of it is in real estate. I do have some stocks.

My IRA is... So kind of give me the number breakdown. Out of the $3 million, how much of it's real estate? $1.7 million probably, yeah. Okay seven okay and how much is in how much is in stocks and mutual funds about 300 and then the rest would be my retirement money so okay and what's the retirement invested in i got um well i've got i rolled everything into a traditional ira because um you know i'm not with with an employer anymore that I get that from. And then I've got a, I've started on my Roth now.

I've started to work on my Roth. Okay, so you've got about a million in retirement. Yeah. Okay. I'd say that. Okay, cool. So you're calling me from Germany, but apparently since you have IRAs, you're an American citizen? I am, yeah.

My job kind of takes me all over the place. Okay. I'm a coach, and so I'm over here getting ready for my next experience, we'll call it, yeah. But I am a U.S. I've been born and raised on a Minnesota product. Gotcha. So you coach what? Hockey.

Oh, okay. Very cool. Good. You don't find many of us around, do you? No. Hockey people. You guys got a pretty good hockey team in your neck of the woods there. Yeah, we're doing pretty good.

Predators. So how old are you? I am your age, 58. 58. I turned 59. And how much of of the three million is there because you inherited the money next to nothing maybe 15 or 20 next to nothing okay and what's been your best year and your worst year income in your working lifetime well yeah I mean I can tell you my first contract was $29,000 but that was back in the late 80s, so that would be my lowest.

And then, you know, I've had a couple years where I've been fortunate, but, you know, even then it was, you know, in the 300 range, probably no more than that. But I'm a minor league coach, so generally speaking, you know, it would probably range anywhere from $150 to $200, which is still good money. But we were fortunate enough that my wife could stay home with the kids, right? We had great balance. But, you know, it's just about getting at it when you're young and being a good saver and just staying away from those debt dollars. That's pretty simple. Amen.

Okay. So that's your advice to the younger version of you? 100%. It's what I'm trying to introduce you. I am introducing you to my kids because they're now becoming, they are young adults. And I just think it's such a great message. And so I call them debt dollars, but I'm just, you know, if we can just stay away from debt dollars and, you know, stay away from the credit cards. And it's really the single most important thing for me it was just like i didn't pay any debt dollars you know you're able to plow everything into you know other things that

have more value and i'm not a big debt guy you know it's not that i couldn't drive a big fancy car because i could but i have something that i take really good care of and if you looked at it you'd never know that it was a 2007 and that's not crazy and i'm not cheap dave not at all it's just i don't pour money into vehicles it cashed just like you recommend so have you ever been uh coaching a young nhl stud who's getting ready to come into some serious money he's getting ready to go zoom zoom have you ever been able to talk him down off the ledge of being stupid you try you know absolutely i do i mean when when you're at my level i'm a minor league coach so you're more

than you know just trying to teach him how to play the game you're trying to mentor him and you you try to mentor the whole person you know not just the hockey player so absolutely but it's not easy because a lot of these kids they don't get the guidance these kids, they don't get the guidance and, you know, they don't get the direction that they necessarily need. And then in our world, you got to start dealing with agents, believe it or not. Oh, I know. They know what's best for their players and they don't want anybody getting involved in their players in any way. So it's a kind of a very difficult dynamic. Yep.

But the answer is you do. You know, you try to do your very best to guide them, and then it's up to them to make the good choices, and that's exactly what your philosophy is. Very cool. You can't make them do anything. What was your college degree in? Business management. Okay, cool.

What was your GPA? I wasn't quite as smart as you. I heard there you were just about three. I was an honor student, but I didn't get really good with the books until I was a little bit later. So I would probably somewhere in the mid, I'd say 2.5, but I'm just guessing. It wasn't three, I'll tell you that. I love it.

Very good, Coach. Very cool. Honor to speak with you, sir. You've done very well. I'm proud of you, man. Good job. Very, very good job. Very cool. Honored to speak with you, sir. You've done very well. I'm proud of you, man. Good job. Very, very good job. All right.

We're talking to real millionaires on an everyday millionaire theme hour. Thank you for joining us, America. We're glad you're here. And the purpose of the everyday millionaire theme hour is the same thing the purpose of the everyday millionaire study was is the same thing the purpose of the number one best-selling book everyday millionaires was is to let you know what real millionaires are doing and that pretty much punches all the mythology in the culture in the face and it just says that people are still building wealth the little man can still get ahead and does every day i started from nothing and by the time i was 26 i had a 1 million dollar net worth and 4 million dollars with real estate 3 million dollars with a debt i had too much debt i lost debt, I lost everything because I crashed too far in debt.

Had to start completely over from bankruptcy at 28 years old. I'm 58. Last fall was the 30-year anniversary of my bankruptcy filing. And I'm a multimillionaire again. Not because I've sold millions of books, but because I live with the principles exactly like we teach you to do. And that's what works. It's an everyday millionaire,

female, here on the Dave Ramsey Show. Our scripture today, Philippians 4, 6, Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God. Henry Ford said, when everything seems to be going against you, remember that the airplane takes off against the wind, not with it.

We're talking to real millionaires on an everyday millionaire theme hour this hour. Brent is next in Florida. Brent, what's your net worth? $1.8 million, Dave. Good deal. Give me the breakdown on that by category, please. All right. The IRA, we have a million in there.

House, real estate, and other assets, 630,000. Let's see, cash, we have 75,000. And then stocks and investments outside of our IRA, we have 100,000. Good. Good for you. How old are you? 58. 58.

Good. And you've done a great job, man. What was your best year of income and your worst year of income? Well, when I started in my current profession, I started at $6 and change an hour. So that was back in 87. And then my last year was $130 for the household income. Gotcha.

How much of the $1.8 million is there because you inherited? Oh, absolutely nothing. You know, I remember our allowance as kids was the quarter you got when you sat on the pew on Sunday morning when the collection plate came around. Your allowance went straight from your mother to your hand into the collection plate. And that was it. We didn't get any sort of inheritance at all. Gotcha. And what was your career? Law enforcement. Okay. what's your degree in

i got a degree in finance okay and what was your gpa 2.074 in fact i'd already paid for graduation and had to wait for grades to come out to see if I was going to graduate for that last class. Okay. So what's your advice to the 25-year-old version of you? Can this still be done? You know, I think like you, back in the mid-80s, you know, I got spanked. It was one of these I realized I owed a lot more than I had. And in fact, I went looking for Dave Ramsey, and I figured he must be in the same situation I was because he couldn't be found back then. But, you know, you figure it out, and it's like you cut up the credit cards and you quit spending what you don't have.

But I guess the biggest advice was back when I started my career, somebody told me if you do things right, you can work for 20 years, because we had a good pension, and you can work for 20 years, retire, and never work another day in your life. And it was that point that I said, you know what, that's what I want to do. And so for, I ended up working 25, but you know, that was my goal all along. And so you don't live like everybody else. You save whenever you find ways to save money. And every time I would get a raise, we were comfortable living like we were living. So all that raise just went in the savings.

And then the last nine years was, let's get this house paid off and everything we had went into paying the house off how do you feel when the house got paid off oh buddy you know what that's like touchdown isn't it not owing anybody a penny is freedom it really is well done sir very well done thanks for sharing your story with us. I love it. Stephanie is in Tennessee. Stephanie, what's your net worth? Hey, Dave, how are you? Better than I deserve. My net worth is just under 2.1.

Okay. And give me the allocation, the breakdown of that, please. Okay. I have about $1.4 million in investments. That would be $30,000 in an emergency fund. I've got about $30,000 in my checking. About just shy of $700,000 in my traditional IRA. I have $510,000 in a bridge account, $70,000 in a Roth IRA,

and about $115,000 in my kids' 529s and UTMAs. No real estate, no house? I do, yes. Okay, so property, about 750,000. You're over 2.1, unless you got debt. How much debt have you got? I still owe 102 on the house, which you're probably going to tell me to pay off today.

Sure. Yeah, but, I mean you you're at uh almost three million yeah okay very well done 470 i have a house that's 475 i do 0102 and then i own a farm um an 80 acre farm in another state about 250 000 and that plus 1.4 plus 700 plus 510 is more than 2.1 okay great okay the 5 No, no, no. Okay, the 510 is included in the investments. Oh, oh, I see. Okay. So that's not an additional.

Okay, I got you. You're breaking down the investments. Okay, so your age is what? 49. Okay, cool. And how much of the 2.1 is there because you inherited the money? I inherited the farm, so that's $250,000 and probably $125,000 in cash. Okay so about $375,000 but you basically you're not a millionaire because of inherited even though

you got $325,000. Correct. Okay and your best year of income and your worst year of income in your working life? My best year was probably a couple years ago. I was in the pharmaceutical industry at probably around $150,000. And actually, my worst year, and I consider worst being once I graduated college, was probably straight out of college. I worked in retail for about $18,000. Okay. And what's your degree in? My degree is a Bachelor of Science in Communications. Okay. All right, cool. And what was your career? My career has always been in sales. The majority of it was in pharmaceutical sales. And a few years back, well, I took about a six-year period off to raise my kids. I had three kids in 22 months.

So I took a six-year period to stay home with them. Also went through a divorce during that time. So now I'm single. I've been single about eight years. And my kids are 11-year-old twins and a 13-year-old as well. And during that period when I wasn't working, I ended up getting into financial services part-time and just was recently laid off from the pharmaceuticals. So now I'm doing the financial services full-time. I do term life insurance and investments. Good for you. Well done. Okay. Excellent. Excellent. You're killing it, man. You're a go-getter. Thank you.

Very well done. Very well done. So what advice do you have since you're in financial services? Somebody looks up and says, okay, this lady is 49 years old. She's worth $2 million. What do you tell them to do to get to be like you? Pretty simple. You just live on less than you make. Set a plan, stick to it, and just never lose sight of what your big goal is do you think

anybody can do this just about absolutely i just i just really i i get so frustrated with the media and the people um with the political agendas that want to tell people well you're just you know you can't do it in america. The system is messed up. And, you know, it is messed up, but people do this every day. Absolutely. And I think, you know, I listen to your show every day. And, you know, my life is like a country song as well. But I think, you know, you can't let that be your excuse. I went from being married and having a very high double income to being single with no income and three kids.

So it's possible. It really is. And I think everybody can do it. You've just got to be focused. Yeah. Well, very, very well done. I'm proud of you. Excellent job.

Thank you for sharing your story with us. Very cool. Very cool. Very cool. So, 54, 64, 50, 58, 58, and 49 were the ages of our millionaires today. None of them became millionaires because of inherited money today. Sometimes we get one, but not often. 3.3 GPA, 2.7, 3.4, 2.5, 2.0. Not a single genius in the mix.

If there is, it wasn't reflected in their GPA. Software tech, med tech, wellness, hockey coach, policeman, and sales professional. Those were what they do for a living. It just sounds like people that are doing smart stuff to me. Well, there you go. That's how it works. That puts us out of the Dave Ramsey Show and Everyday Millionaire Hour in the books. Thanks to James Childs, our producer, Kelly Daniel, our associate producer.

I am Dave Ramsey. 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. This is James Childs, producer of The Dave Ramsey Show. Once again, you made The Dave Ramsey Show one of the top five most downloaded podcasts last year. To get your daily dose of motivation and inspiration, subscribe today.