Anyone Can Become a Millionaire in America Today

Brian starts this hour in st. Louis. Hey, Brian, welcome to the Ramsey show.

My wife and I are trying to build a house And we're discussing how much we should have saved ahead of time. I would like to have a hundred thousand saved and she wants to start now or at about forty thousand saved.

Okay, and you got 40. how long does it take you to get to a hundred? if we want your way, What was your goal? Little over a year. Mm-hmm.

So we're not arguing about 60.. We're arguing about a year.

Correct, okay.

Which means that if we go her way, you end up with a hundred thousand dollar mortgage, not a fifty thousand dollar mortgage.

We have nothing, just discussions. Do you own the land?

We have family land set aside.

You have the right to sell it someday if you all don't want to live there anymore. Otherwise, don't do this deal Right. You don't build your house on daddy's land or your house on a lot that daddy gave you off his land, And he says you can never sell it. neither one of those. Those are both deal killers.

Yes, okay, and then you would have full rights, emotionally, relationally, legally, to sell it later, if you want to. Yes, okay, I've taken that call a lot in the last 30 years. Someone, that's stuck in a piece of property because everybody's gonna be mad if they sell their own house. Right, don't do that. All right now.

All right back to the deal. So the land is how much.

40,000 and that's included in the 350.. Did you say or not? Included. Yes. Okay.

All right, we think, but we really have nothing to base us on except square foot. and you think you're gonna build X square feet, I Would tell you this I'm in the middle of building a house right now. It took us nine months from the time. We decided we wanted to to get a blueprint, a Builder and a budget.

Completed, completed I.

Mean from day one, and I've done it before. So I'm guessing That you can start on the process now, and it's probably gonna take you close to a year.

Right, you got to watch the scope creep thing here. Yeah, My fear is this thing is double what you thought it was gonna be, and now we got a relook at. is this the right? Next move or do we just buy a place? Yeah, I think we got a.

you got bigger issues than went when to start. Okay, you need to go, you guys, you can start today on the get, looking at builders and looking at blueprints and getting it dialed In and once all of that's done, if it's not been a year And you've got everything dialed in and you really can still do the numbers, that you come up with the real numbers, not hopeful numbers.

Then we can say alright, I still don't want to start then, and what I would recommend, back to your original argument, is just split the difference. Just you know, instead of a year or starting now, let's say six months and By then, but it, believe me. It's gonna be six months at least. I don't think we're starting next week on this bill. No, we're not.

We got some time, or not. What are? the builders aren't working as much right now? So you probably can find one that'll give you some attention. That's because of the rates.

That's a good to slow down a little bit. very few specs going up If builders that are working are doing customs and so very few home starts on specs, Because the markets really slow. with the high interest rates, Prices have held firm and have gone up in most cases in depending on the market, but the build rate, New home starts are down, way down, way down and specs have just about disappeared in most markets. Wow, So which is not a bad thing. It's okay, except that the end, except there's no freaking inventory, but for for Brian, It's a good thing because he's probably gonna get some good attention.

Yeah, versus builder, and builder and builder and subs are gonna be available on a million miles an hour. You don't want someone rushing through that home build. Well, and you got 73 other clients instead of just. you may be his prize client right now. You know, it's possible.

now, on the financing side, How would you suggest Brian goes through with this? because there's different ways when you're working with a builder to finance it. Well, if it's 50,000, he probably can go over to credit union. Just get along Simple. if it's gonna be a hundred, hundred and ten hundred and fifty, Then he's probably looking at a formal construction loan and he'll have to get an appraisal on the plan.

The builder, the light, the general contractor, obviously license will have to be shown to get the appraisal and then that they'll do that to get. and you'll have to get. You're approved for your permanent mortgage and they give you a letter called a takeout letter, Which it means that they will be there to take out the construction loan at completion, the permanent mortgage. Well, it'll convert over to a conventional and you can do all of that with Churchill mortgage, every bit of that If you want to. but if you've got a little small loan like a fifty thousand out of four hundred or fifty out of three Fifty, you know, probably just your credit.

You know, we're still gonna make you alone, like a personal loan. almost Yeah, and I got put a lot of regulation on that. I'm not gonna require the takeout letter, I'm not gonna require an appraisal. I'm not gonna usually. but but if you get up there over a hundred, Then you're gonna have a construction loan.

Hmm, I just rewatched the big short over the weekend, or the sole mortgage crisis, man. It puts things in perspective. Yeah, how wild things were back in those days? Yeah, that's more. Well, there was just so the big shorts, all about all the fraud that happened.

Yeah, Yeah, and it was just people making up appraisals and we got a whole new list of appraisal regulations in as a result of what? Happened in that movie. Yeah, yeah, whole different world. This is the Ramsey show.

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That's how that works, That's. um, that's what this has been about for 30 plus years now, and it continues to be. Jody is with us in Springfield, Illinois. Hi, Jody. Welcome to the Ramsey show.

Hi there. Hey, what's up? I?

Yeah. So what do you make I?

So you have zero saved right now, right? What do you have in the bank?

so I'm, I'm on the Dave Ramsey Vote. I just I'm scared. I. it's to a point to where sometimes I cry because I'm like, what am I gonna do? You know, because I don't know, because when my husband passed away, You know, I used, like life insurance and all that kind of stuff to pay my house off.

So, you know, We had a roof over our head and all that kind of stuff, Because my kids were seven and ten when all of this happened, Wow.

Step four because you have no debt, fully funded emergency fund. and really it's step seven because you have a paid-for house. And so now the kids are that are schools paid for. we got to put our own mask. now Put our own mask on, and that looks like investing for retirement as aggressively as possible.

Do you have a retirement plan through your employer?

You have no debt. No rent. No, nothing. Okay, correct. If you were to save, invest $1,000 a month for 15 years at 65, you're gonna have right around a half a million dollars, right around five hundred thousand dollars.

Really yeah, okay. What this means is not that you're rich and it's really not enough, But it's enough to make sure you're not cold and hungry. Right, because it will produce. then let's just get, let's just reverse the engineer, this, which is very interesting. Okay, let's pretend it produced 10% a year on the mutual funds after that, and That you retired and had no retirement income, and I suspect you probably have a retirement with your Government agency, don't you that they furnish you?

a pension.

So if you had a half a million at 65 or 67 or whatever, and it was invested at 10%, 10% of 500,000 is 50,000 a year. Right, without touching the nest egg, without touching the goose, it will lay 50,000 golden eggs a year. Wow, and so you'd actually be making more retirement than you are now.

So, okay, so you're gonna be okay, that's the point. you're not gonna be rich. But even if I'm, if my numbers are off a little bit and they might be one way or another, Actually, they probably are off in this case, because you probably will not be making 36,000 for the rest of your life. You'll probably be making more, and so you could invest and probably more later. agreed, Right.

Yeah, so I did that based on $1,000 in your current income. So So I want you to sit down with a SmartVestor Pro and we don't know how the scenarios will compare to actual life, But you can run some scenarios, like I just did, just to get the idea that I don't have to cry.

Matter of fact, you're gonna be better than okay.

Yeah, don't put it off anymore. You put off as long as you can. the fuse is burning. So I want you scared enough that I scare you into action, but I don't want you terrified anymore. So you're paralyzed.

Call us back. Let us know how it's going. Okay?

Numbers actually give you a result that gives you hope when you run math. Okay, you know, got $100,000 in debt. I'm never gonna get out. what's 33,000 a year for three years, I mean, it's 2,600 bucks a month and you make 150,000. shut your whining up, You know.

all of a sudden the numbers give you, Matt, give you hope. right, the math gives you hope. in her case it's thousand dollars a month and for the next 15 years, and Not missing a month and getting started immediately and getting good returns and good mutual funds, Which probably that 403 B does not have. that's why I directed her away from that. You know, let's go first to the Roth IRA.

more control, more options, a lot better options, a lot better Mutual fund options out there. now I can be off, and if you all want to argue both my numbers, That's fine. Are you of my numbers? But here's the point. get with it.

You know, and you know, I might be if I'm half wrong. She's still gonna have twenty five, twenty six thousand dollars a month coming in. Our twenty five, twenty six thousand dollars a year coming in Versus nothing, Which your little plan you critique critic people out there creates? Nothing, that's what critics create nothing. Well, the new one, Dave, is well, a million dollars isn't enough anymore, Dave.

That means a half million dollars is half of not enough, But it's more than you got if you be broke and crying about it. Hello Yeah, we'd love for you to have multiple millions, But I mean in this case you could see 500,000 would still change your life the way she's gonna. the only way she's gonna get to over a million is she's gonna raise her Income substantially, so she could invest twice as much. because two thousand a month, Yeah, for 15 years, at 12%, my mutual funds have averaged 12% for the last 30 years. my personal portfolio And I'm not a genius.

The market is averaged eleven point eight percent in the S&P. So, by God, shut up and go, do it, you know, so could you? could you end up with a million dollars in 15 years? Yes, two grand a month, That's it roughly. I mean there.

it is. Ding, ding. This is the Ramsey show.

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George camel Ramsey personality is my co-host today. open phones at triple, eight, eight, two, five, Five, two, two, five. so our team handed me this. this is cool, George. in March, Andrew, I came and did a debt-free scream with me, and dr.

John Deloney was on the air and we celebrated him paying off 303 $1,000 in 49 months. Wow, his student loans, car debt, home improvement loan, credit card in the house paid off his home. And then we get an email from him that he had a chance to go back to his alma mater, his high school, to one of our foundations in personal finance classes, Warshaw High School and His. he put this quote on Facebook 2009 WHS grad. now That's what they put on there.

Andrew returned to his alma mater today to chat with the senior financial planning class about his financial journey and becoming debt-free. He completed the Dave Ramsey class and paid off his debt. This class is also Completing the high school version of Financial Peace University. Thanks for coming, Andrew, which is called foundations in Personal finance. very cool.

What a great poster child. These kids are going. Oh this, I got to watch another video and then they're seeing this guy who was from their high school, Who graduated from the same, sat the same desk? They said who has no payments in the world. Yeah, at a very young age, hundred percent debt-free.

Wow, ding, ding, ding, ding house and everything, and go in and tell the high school seniors it can be done. That's how we do it. Say some social proof. Yeah, we've got the foundations in personal finance, high school curriculum That now six million students have been through since we started it. It's been in 48% of the high schools, it's currently in like 40% of the high schools, and More and more states are now making personal finance Mandatory, I love it.

And so we've been adopted by, for instance, the, Texas. What, whatever the Texas State School Board or the adoption process to adopt the curriculum. and we were just adopted in Florida. Oh, that's right a couple months ago. It's a big one.

So Florida's got a big push, brand new pushes. Texas has had it for a while and they've got their second push coming to get all the seniors before they graduate, through our kids, before they graduate at some point as a senior or junior, whatever, through a Personal finance curriculum. and we have the largest, most successful one. and Florida just adopted ours as well. Now they've got other brands that they can do.

But so now each of the school local school boards are selecting whether they're going to use Ramsey or whether going to something else, but really excited about it, and

Happy to be in Florida. Thanks, Florida. We appreciate you. And actually I got to meet the state senator. We were down there doing an event and I remember that I got to meet her in the green room.

It was incredible. and that sponsored a bill that got passed in Florida to make personal finance a Mandatory, I meant it's not elected a mandatory class for graduation at a certain date in Florida high schools, and that precipitates then the High school curriculum. our personal finance curriculum is getting adopted and we're one of the high school approved Adopted curriculums in Florida, so excited about that. So if you're around one of the Florida School boards, or your teacher or whatever, and you want to push for our curriculum being in your school, We would appreciate it. and way to go.

Andrew. Thanks for going back to your school. I don't know where wash all high school is, but it's not on this. But it's pretty cool that a guy who does that and goes back and speaks to the class Well, everyone going. they don't teach us stuff in school, but we do now.

Yeah, it's I have, it is in a bunch of the states now and we're that's obviously have been doing in a very, very long Time very successfully. We meet all the benchmarks. It's a we've got a education Ramsey's education solutions department here That we've been running for, I don't know, almost 20 years now, and the guys and gals in that department that that Put this curriculum together that we use in the high schools Are from the education world, and so our stuff meets, is the easiest for teachers to operate, because it's the lesson. plans are done, Testing is done, right? It's all built out to where it's as low-lift as possible former teachers going.

I wish this is how it's created. we should have created this way because our guys are putting it and it meets all the educational benchmarks and Legalities and so forth that we have to meet in order to be in a public school system. And so we do every bit of that and man, We're just thrilled, thrilled. so many people are getting able to do this, and this is cool that Andrew. Andrew did that?

That's a lot of fun. Isaac is with us. Isaac is in Huntsville, Alabama. Hi, Isaac. Welcome to the Ramsey show.

Thanks for having me. How are y'all better than we deserve? What's up?

At this point, I'm just wondering You know kind of what's next. How do I start over from here? What should be the correct step I take?

I'm sorry.

I.

What do you make?

obviously your parents are providing a a safety net, not a hammock.

Correct, and so you're just passing through and, Like you said, that's a wonderful thing and I'm not upset about that at all. But I would give myself a number of months, like three or six months or something, and say by then I'm gonna have enough saved To have deposits and get an apartment, get my own place, get some furniture, You know, get, get restarted in terms of like, almost as if you were moving out after high school or college, right? right, and. and then you, you know, once you've kind of got a Standard of living set and a place to live. Then you start doing the baby steps and you make sure you're at.

you get out of debt, You build an emergency fund and you know, you start investing and you know You're gonna figure out that there's another chapter to this life after 32 years old, right? Right. Yeah, so this setback is gonna be a comma, not a coma. So keep that in your mind. This is temporary.

You're gonna have a whole nother life on the other side of this thing. This isn't define you, but it will refine you, and so now's the time to make some choices that will set us up for the next ten years. So, do you know, as the dust settles what the financial picture looks like as far as child support, alimony, the house debt?

No alimony or anything. It's all gonna be.

Okay, I'm not a lawyer and I'm certainly not a lawyer in Huntsville, Alabama. I don't think a judge is going to approve a divorce decree. That is not in. child include child support.

Okay, you probably need some legal advice not to create a stink, But I think you're going to be, under the law in most states, required to do something for the kid From a legal perspective. I know you're going to from a moral perspective, But um, but I think I don't know. I don't know what I'm talking about. So you need to check that out, because I had fireworks go off in my head, but I can't just be handshake agreements, I don't. I don't think it can be.

I you check me out. It could be wrong. Okay, so.

the house. What's the payment on the house?

550 a month, what does she make?

I know it sounds like it's all nice. It's all nice until it's not, and Then, when she gets in trouble, lose her job, you end up paying the house payment for somebody you ain't married to anymore Because you're still on the mortgage. This is the Ramsey show.

Find out more at CH ministries org slash budgets. That's CH ministries org slash budget.

Hi, Johnny. Welcome to the Ramsey show.

Well, I'm calling to see what you guys would do if you were in my shoes. I'm 22 years old. I fully support myself. I take home about $5,000 per month. I have zero debt, I have $60,000 in savings, a $3,000 emergency fund And I've been listening for the past year or so, and some of my friends and mentors are into long-term real estate investing.

So I've been saving towards that for the past couple of years. Ideally, I'd like to start building some long-term wealth. Well, and so I just wanted to see what you guys would do if you were in my shoes.

I pay cash for it. And so The first real estate investing I did and I've always loved real estate That I did after going broke and starting completely over and with this new I don't borrow money thing, as a part of the guidelines Was, I didn't do real estate investing at first. I just started piling money in mutual funds and when I got enough in an Index fund is what I use, an S&P 500 index fund. when I, it took me about five years to buy my first Income producing property, I paid cash for it. And then I took all of those rents, net of expenses and Any other money I could, and I threw it in an index fund until I had enough to buy another property, and then I took all the rents from the two properties and Any money I could scrape together from anywhere else book royalties or whatever else and I bought another property for cash, and Every time I bought another property for cash.

I had more cash flow to buy another property faster Than I did the one before. does that make any sense? Yeah, that makes perfect sense. That is a very long-term play versus what you have been considering until this phone call. Sure, because you're thinking about getting up a down payment and going by on a nice little duplex in, California.

Exactly. Yeah, and I'm telling you to wait and pay cash for it, Which your friends aren't gonna like, and I don't really care. They're wrong. Sure.

But you called knowing you were gonna get a different take, which tells me you're actually interested in this take I.

I Try to be for sure. there's a balance. So the key is to keep living on less than you make. What would be interesting if you want to be really nerdy? I don't know how nerdy you are.

I'm real nerdy is, and I've done this a couple of times and it always. it always works. That's why I'm putting you up to. it is if you say, all right when I'm 42.

What. I rather own 10 million dollars worth of real estate with 8 million dollars worth of debt. or Would I rather own 3 million dollars worth of paid-for real estate? Yeah, I think the clear answer is that 3 million, yeah, and then here's what's empty. here's the.

here's the exercise run out the, the Purchase snowball, which is not a debt snowball, But the way I talked about a while ago. rents by more, by more, by more by more. Everything's folded back into the next deal and the slower start ends up with a faster end. The faster start ends up with a slower end. My way is slower start, But has a big time payoff at the end, because it hockey sticks from an exponential mathematical equation Perspective.

does any of that make sense? Yeah, definitely it does, because when you get all this property that's sitting there paid for, You are buying more property faster than you would have if you had a whole bunch of property That's not even close to paid for and it's not cash flowing nearly as generously. So the math says I can buy, I can buy more property faster. now It's ridiculous what my real estate fund now looks like from my real estate income.

Now, because I'm at the back of the story, right, So, but I can't get people to think long term and I might have just got one 22 year old to do it, though I'm impressed. He sounded interested. Yeah, we can just get off tick-tock. We'll get there For real. Jake is in Des Moines, Iowa.

Hi, Jake. How are you?

I have no problem with the Giving aspect of things. The part that is a little tricky for me to wrap my mind around is the living like no one else because I am a pastor and so to Be stepping into baby step seven. Hopefully here in the next five or six years. I'm trying to imagine life in my 40s, living like no one else while being a pastor and and living in the community of people who, Who pay for, who have paid for my? Financial success.

you could say I don't know how you would put it, But how should I think through that, as I look forward to the next five or ten years? Yeah.

Don't muzzle the ox as he treads out the grain. you probably read that scripture, right? Yeah, And a worker is worthy of his hire. You probably read that scripture, right? Mm-hmm.

So are you a good pastor and you're worth what they pay you?

Wealth is not evil. people are evil, Particularly some of them in your church. I'm kidding. No.

But not much, but yeah.

But yeah, but but so you're always gonna have a hater, whether you win or you lose, if you do it at scale. Mm. Yeah, if you lose, you aren't a good steward and you're horrible and you worked your whole life And you have nothing to show for it. and we call that being a good steward. That's not a good steward.

That means you did a bad job handling your money.

in Christian It's called a witness we call. and yet when it my friend Craig Rochelle says why is it that wealth is the only blessing from? God we're supposed to apologize for?

and most of them are millionaires because they did the stuff I teach. but now there's always some duper. This is what pastor should never be a millionaire. Yeah, that's what I want. I want my pastor to be broke and stupid?

No, I don't either. I want my pat. I don't want. I want. you know pastor should never Listen, I want my pastor.

I want his marriage to be something I can look up to. I want his kids to be something I can look up to. I want the way he handles money to be something I can look Up to, because obviously the book he is reading has having an effect on his life, And I want to know more about what that book called the Bible says then, but not if you're out. You know, so, but you're always gonna be criticized, Jake, whether it's about your message or the car you drive. It's gonna be someone out there and you know You have to get.

if you're a Christian, you have to drive and used a cord, because that's what Jesus said. They were all in one accord. Oh, That one still gets me. This is the Ramsey show.

Live from the headquarters of Ramsey solutions, it's the Ramsey show where we help people build wealth, do work That they love and create actual, amazing Relationships. open phones here at triple, eight, eight, two, five, five, two, two, five. George camel, Ramsey Personality, is my co-host today. He is the host of the new, extremely popular YouTube channel, the George camel, with a K YouTube channel, you got to check it out. He's also the co-host of the very popular podcast and YouTube show smart money.

happy hour with Rachel Cruz. So both are happening right now and you can check them all out. open phones here. Triple eight, eight, two, five, five, two, two, five. Michaels in Washington DC.

Hey, Michael, how are you?

about a month ago my son had an asthma attack and ended up getting airlifted out by helicopter, and We're trying to figure out if he's doing fine now, but we're trying to figure out if we stop paying on the car we were going to have paid off in September or Put money into a savings account to kind of prepare for the bills that were that we know are cut. They're starting to trickle in, but we don't know the exact total yet.

15, and that's all the debt. Yep.

So.

So that may fall in the insurance differently in a good way. So, yeah, because I've run into over the years too many times. the health insurance did not cover life flight. flying to a rural Situation to pick someone up and then flying them, you know, 50 miles out of town or something like that, where you can't get an ambulance to him, right? That kind of right is a different, different thing, but I'm so glad everything's okay.

What's your household income?

130,000.. Okay. All right. Yeah, so you just it just did. you know, it's just a.

There's a speed bump, a bump in the road, that's delays everything, and and it's one you didn't choose. but But we're glad the baby's okay. And yeah, you just just play it through. yeah, take set 8,500 aside other savings and then attack the car as fast as you can after that, and Just be thankful that you're able to do all of it. Mm-hmm.

Yeah, I'll be debt-free either way in a few months. So yeah, there's nothing. It's one thing to get sick. It's another thing. We could be sick.

You, just it. you feel so Helpless. I was even worse, grandkids, sick because you're not even allowed to to raise hell. I mean you can't. you can't?

you know, they'll put. you have to have the parents ratio. I mean you. where's the nurse, you know, you can't do that, right? You can.

you just have to stand back. and because I, dad, you know, you can't do that, So you gotta stop and I'd be quiet. that's called boundaries. Apparently that might have happened. You know, it might have happened.

So is that Rachel? I can't tell his voice. That was I'm. I'm not gonna say I'm not gonna say no, No, cuz they were right and I was wrong. So we're not gonna throw anybody on the bus, but Dave, so smart, man.

Yeah, it's just this, it's hot, but it's man. It takes it, health stuff. I'm gonna say it takes your breath away. You cannot say that's good at asthma. So, but um, but yeah, this is uh, but yeah, you can't.

Man, you're known for those over 30 years. I've done this repeatedly. Anthony is with us in New Jersey. Hey, Anthony. How are you?

We're looking to get some advice. Basically, when I was 18 or 19 years old, I'm 22 right now I had an online business and I was able to accumulate a good amount of capital And, with the help of my parents, I invested in two real estate Ventures. I got a a little house that I rent out and then I got a shopping strip. The house pays about three thousand dollars a month and the shopping strip pays about ten thousand dollars a month.

Now, and then we put down and then we put the reps in. the mortgage and the mortgage will be paid off next year. So after that, like I said, the 13,000 will be completely, you know, no payments, no debt, No, nothing, because the house I mentioned we paid full in cash. Okay, Now, when I was talking about the two to three million, I was just taking into account, like all my assets, because from 2019, when we bought the property, to now, it's gone up. that much.

just looking at, no, but your online business, How much did your online business make? Okay, online business. It was. it was about like eight hundred thousand to a million.

And what's your question then? What do you want to do? So, my question would be, since I'm very young, You know, I'm very grateful for the, you know guarantee monthly income, But I was wondering if it would be a good idea to maybe you know, Once the private mortgage is paid off, to take out another mortgage on it now and try to do something else.

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click the follow or the subscribe on YouTube. We're on the podcast. all three of those help us a bunch and we got a five-star review and we've got a bunch of men. But this one caught our team's attention. I must admit, Being left-leaning from the West Coast, my entire life listening to the Ramsey show came as quite the culture shock.

That's it was. it was hard for me to not immediately associate the tone of the show with a laundry list of cultural values I've been conditioned to avoid. I kept listening anyway, because I love Dave straight talk. It was super refreshing and after a while It was obvious. He's, in our fact, in fact, a really kind, brilliant person that just wants to instill some fiscal common sense back into our society.

What I love most is how he talks about the importance of stewardship and how. it's not just about the money, It's about how your money can help the world amazing stuff. jumping past some of the personal story, then, listening to these episodes, makes me acknowledge that I Just need to be accountable for my poor decisions and stop feeling helpless. I can get myself out of this situation, and it shouldn't even be that hard. I just have to make some common-sense, tough choices and go without for the next few years.

Hi, my name is Eileen and I am irresponsible with money. I'm ready to put the work in and be accountable for my own actions, and I will win at this game of life, passing these Values down to my young kids. Thank you to the bottom of my heart for Dave and the entire team For achieving what my parents have failed to do my whole life getting me to be fiscally responsible. Wow, that's very nice. I thank you.

Thank you. Yes, very kind. I love that. We appreciate in both sides of the aisle together. Dave.

That's me. I'm all about unity. That's me. That's amazing. Um, I'm honored.

I'm very honored. Very nice. I'm glad we are honored. It's the whole, the whole team here. It's a team effort.

open phones at triple 8, 8, 2, 5, 5, 2, 2, 5. DJ is with us in Baltimore. Hey DJ, what's up?

Animals. actually they outside molds. It's not the same as the type of molds that would grow like in your home due to water damage. So there's two different kinds. Okay, So it's basically Issues with water damaged buildings.

I gotcha. Okay.

No, but I just did it. I just did it at my lake house. I spent three grand.

You got it completely. I start from scratch. I got like five bids on the lake house and they were everything from three, from $1,000, which wasn't credible, up to 35,000. In this case, it was only mold under the.

this house has got real mold problems, And so I don't know if we don't know if we're going to burn it down or if we're gonna sell it, as is to some Investor who remediates it, or we find a better remediation thing. But I don't think this house is renovated for you. You need to move.

I.

I wouldn't want to move if we didn't have to, because we just.

We live in caught. we live in Hot damp, Tennessee, which is worse than cold damp, Baltimore, for for mold It's like mold is a way of life in our area. It's everywhere and and it's not everywhere, It's not in every house. My current home does not have mold. My lake house got some underneath and it was 3,000 bucks to eradicate it.

So I mean it's uh, yeah, You, but you've got to get. And I've got a bunch of rental houses and we've had a couple of those, But I've never had one that was completely rotted down with mold. that is not so. but and I have had some contractors and some tenants that thought that it was because the drama around this is Never ending. and I'm not suggesting you have the drama DJ if you've got an illness that is mold and you have an extreme mold situation in your house and That is in conflict with your health and in conflict with your ability to go to Vet school, sell the house for what you can get for it and go, rent something and go to vet school and have your health.

It's a real simple program. I would not be in the mold renovation business if I had an extreme illness all related to mold. It's the last thing you want to do, because the more they tear into it, the more it stirs it up. You can't live there while you're doing it. Anyway, if it's a massive thing, we fog it.

you got to leave, You got to do all this stuff. And so, yeah, Yeah, You can't have too many things conflicting for one goal. we have three goals health, Housing and vet school. what takes priority? health?

What's next? the vet school? What's next? stupid house? This is the Ramsey show.

George Campbell, Ramsey personality, is my co-host today in the lobby of Ramsey. solutions on the debt-free stage. Sarah is with us. Hi, Sarah. Welcome to the Ramsey show.

Hi, Dave. Good to have you. Where do you live? I live in Raleigh, North Carolina. Welcome to Nashville.

and how much debt have you paid off? $26,750, love it. How long did this take you? eight and a half months. good for you and your range of income during that time.

I started with 42 and then I ended with 50. good for you. What do you do for a living? I was an investing communications and now I'm in digital marketing. good for you.

Very good. What kind of debt was your? 27,000? it was in a car bad decision.

Yeah, it was a lot of money and I totally regretted it when I got into that debt. So did you sell it or did you pay it off? I ended up paying it off. Okay, you kept it. Mm-hmm.

All right, good for you. Fine. What kind of car it is a Toyota wrap for? Of course it is. Okay, good.

Very good. Cool. So how'd you get connected to all this Ramsey stuff? I actually am a Ramsey baby. My mom and dad followed your plan.

I didn't take their advice at first. I wish I did. They failed as parents, But they did get me on the right track. No, they didn't. they told you knew what to do.

you knew they weren't gonna like what you did. Oh, yeah, they were not too happy about it. What was that conversation like? I Got a $27,000 car payment. He goes.

Yeah, they told me I should get a beater until I can, You know, really pay cash for it, but you know I didn't listen. and you know, they helped give me advice to dig me out of the hole. I was in. Yeah, and no money, just advice. Yeah, they didn't give you any money.

money. Yeah, good for them, I like it. These are great parents. Yeah, they are very cool. How old are you?

I'm 20.. I'm turning 26 in June. Okay, did you learn your lesson? I did never a car payment again? Never again, you're gonna be a millionaire.

Exactly. If you stay away from car payment, you'll be a millionaire. I will. what was your car payment? It was I started off around 600 and then, oh, yeah.

So then I ended up putting My savings down on. it, kind of followed the plan in the book and then I brought it down to 300, around 300. Okay, that's a significant portion of your take-home pay at that point. Yes, It was really bad, and that's when he went. this is, I did dumb.

Let's undo this. Yeah, I did have a good bit saved up, because you know, my parents really instilled in me. I need to save, save, save. I graduated college debt-free. Thanks to them following your plan, And then, so, luckily, I had some savings to put down on it, to really drop the payments.

How much did you have in savings? 23,000.

So, eight and a half months later, we're done. Yeah. Yeah, that's very good. So you actually had enough cash to pay for a decent car? I did.

you had the savings muscle there? I know, but you went. I'm gonna find it. just got the fever. I know I talked to too many friends and I was like fever.

Yeah, you kind of got a great car for 20 grand in cash. I know well. It was also when the cars were really overvalued too. So it's really a bad time for me, worst time ever. Yeah, what did you?

what were you driving at the time? a 2012 Chevy Cruze? Okay, yeah, and it just blew up on me one day. Oh, and Then you went to drama mode and said I need a new car today. Yeah, I got a finance at $30,000 car.

Yeah, I made some bad decisions. Hey, I'm proud of you. Thank you. We're giving you a hard time, but everybody's done a whole lot dumber things than you've done. Yeah, the good news is you did it at a very young age and you learn your lesson.

You never go back and you have parents who didn't bail you out. No, helicopter blades pop up in the background here. No one, no one, you know, you. let you lay in your mess and clean it up. and you did.

you Became like a full-grown woman and did your stuff way to go. How old are you again? I'm 25, turning. You're smart, way to go. I'm so proud of you.

Thank you. Very well done. How's it feel to be free? It feels amazing. I actually had to get a new tire the other day and I wasn't freaking out, cuz I had money to pay for it.

Yeah, like one car payment. I'll buy a tire. Yeah, One of the old car payments anyway, yeah, good for you. Very cool. Okay, now that you've gotten out of debt.

You've got a 24 year old listening that all of these 23 year old listening 24, that their stupid friends are telling to go buy a car on car payments. What when they got the money and savings to buy a 15 or $20,000 car? What would you tell that person that was you back then? I would say do not go into debt. Why are you appreciating asset?

Why? why? because it's a waste of money. Okay. Yeah, it'll drain your bank account And it stole your piece.

Yeah, It was it. what little bit of fun. It was was all taken away by the weight. Mm-hmm, Wasn't it was? you know the weight, the heaviness, that way.

not, though, not having to wait patiently in line, But the heaviness of it, you know. way to go. Wow, very good. and the secret to getting out of debt is what? A lot of side jobs.

I found a lot of side jobs doing like walking dogs, pet sitting, house sitting. I did some freelance work, an additional to my full-time, Sticking to a budget and paying cash. Wow, good for you. Well done. Well done.

Now they're smiling. Oh, yeah. Yeah. Well, now it. now it's gone.

It's all going good now. Well, most people listening are going gosh. I wish I figured this stuff out when I was 25 and you're feeling like I wasted all this time and there's no. you got So much time left to make good decisions that will far displace the 37 year old. Listen, that we've still not listening, that we still not convinced.

They're about to go get a new car, gonna be 42, for they catch on Way to go. Good job. Very good job. Very good job. Hey, we've got a copy of the baby steps millionaires book for you, because that's your future.

That's where you're headed. I promise you you are six hundred dollars a month, you know faster, bear mania, real fast. just investing that. it's serious money and Total money, makeover book as well. hand that out to one of your friends and go, don't do it.

And you know the same stuff your parents did. Yeah, that's okay. So it's smart, very smart. and a financial peace University membership. Have you been through the class as an adult yet?

I have not. good could take it and go through it. Okay, go through the nine lessons and Because it'll help you Accelerate your process into millionaire now If you got the basic debt stuff figured out and the budgeting and the hard work and the extra jobs part. So now we just blow through. make sure you get the emergency fund in place and let's get that compound interest working for you.

At 25 years old, you could be worth 10 or 15 million dollars. at retirement. You really could. it's very, very doable, I mean, because you got the right start, you got it. You got this and you know financial peace, baby, You got everything 40 years of investing in compound interest.

Yeah, The two books and the financial peace University membership is the live and give bundle, that is, people buy it all the time. It's a box that comes and you can take a book out for yourself. Give a book to a friend, take financial peace or give it to a friend. So it's live and give it's for both things, And so we'll give it all to you. Thanks for making the trip over from Raleigh.

You're inspiring. You're a wonderful young woman. Thank you for having me And your mom and dad are over there, grinning like they know you're not gonna move in your basement. Yeah, it's great, It's amazing. So very cool.

Very cool stuff. Good stuff. All right, it's Sarah from Raleigh, North Carolina. She paid off the car She shouldn't have bought and she learned a lesson in the process 27,000 paid off in eight and a half months, including using some of her savings and walking dogs, 42 to $50,000 income. count it down.

Let's hear a debt-free scream three, two, one.

We love to see it.

I'm. I think we need to do an informal survey on how many rev fours. It's just something about a rev four, right? That's come up a lot lately, a lot of calls I've taken a lot of very popular vehicle for young, broke people, and it's one they go. Well, it's worth it.

It's a safe, reliable, great car. I'll have a long time. I'll finance it.

You know, That's the theory. the center of gravity on that thing is really high. I Watched one do a flip. Oh, really? So that's scary word.

flip, Wow. Yeah, so, um, yeah, I mean, I just. I'm not against rev force. It's just. I just am seeing that your truck will eat a rav4, I know, but, like you, want to be a monster truck, but I don't you know, but that's that's.

that's not the point. It's It would. it would also eat your Tesla, but it would spit it back out. So it can't handle the battery, Dave. It can't eat that gag right on the battery.

Just a battery will last forever in a little battery acid in your throat. But it's true, people, we justify car purchases all the time, especially younger. you are all, do we all do you go? I deserve people do it. Yeah, it's safe.

It's reliable. I did, I work hard. I don't want to drive the beater around. but listen, freedom on the other side of that. Hey, let me show you, fifteen thousand dollars is not a beater, That's not?

fifteen hundred is a beater. Yeah, okay, so, Wow, She's, she's, she's great. She's amazing. She's gonna do so good big things, for I hope she inspired a lot of other people out there Inspired. I'm gonna be like her.

I don't want a car payment. That's right, She. just I mean people who will stand up and look in the mirror and go done. That's inspiring. That's inspiring.

This is the Ramsey show.

Hey folks, there's a lot of half-baked investing advice out there, But here's what you can do to get more confident about this stuff. Check out the SmartVestor program. SmartVestor connects you with local financial advisors who have the heart of a teacher. They'll help you level up your knowledge and build a retirement plan based on your goals, Not theirs. go to Ramsey solutions comm slash SmartVestor to get connected and get more confident about your plan.

That's Ramsey solutions comm slash SmartVestor.

Well, you do. Why would you want to build your credit so you can go into debt? And, and why would you go into debt so you can build your credit? and then why would you go into debt? So you can build your credit?

Why would you build your credit so you could go into debt? Because you need a good credit score to buy a house, right? No, you do not. the truth is living a debt-free lifestyle. Eventually, you won't have any credit score and you got to find a good lender.

like Churchill Mortgage. it can do what's called manual underwriting. George and Whitney did that for their home and they've survived zero credit score and you got a The same rate as someone with a good credit score when you did it. So you don't have to pay more and you need to get a real estate agent who will actually help you find a house That you can afford on a 15-year Fixed rate with a good, strong down payment and a payment of no more than a fourth of your take-home pay. all of that can Happen at Ramsey trusted.

Yet woke up with a good real estate agent that knows what they're doing high octane high protein that gets it done. I meet them all over this nation when I'm traveling. We were just in Salt Lake City. We talked to a bunch of them Good quality people. I'm always, I'm always Inspired by the fact that the our team has done a good job to put the quality of person They put in our ELP program.

So you want to find out who's Ramsey trusted to help you with real estate transaction? Click on that at Ramsey solutions. comm slash agent. Our question of the day is brought to you by neighborly, your hub for home services. when you're trying to get things done around your house, Sometimes you need to run into a problem or a project that's more than you can handle yourself Neighborly.

comm is your source for the best pros in your area to help with home improvement projects. Great company neighborly. today's question comes from Zack in Alabama. He asks I'm reading more and more about D dollarization and countries moving away from the US dollar as their basis of international trade. Will this affect the strength of the dollar, and should I be concerned about how I'm saving and investing as a result of this?

Number one, Zack, you're spending too much time on the internet. First and foremost, okay, Because you've gotten into the conspiracy theory. blank blanks here. now, what is really going on? Okay, I'm concerned with how it's going.

Let me see.

Moving away from the US dollar as their basis of international trade. Let me just tell you China and Brazil and Russia are the three main players in this. They already don't use the US dollar as their basis of international trade. Russia has its own currency, So does China, and so does Brazil, and there's a conversion rate between that currency and the US dollar. so many dollars equals so many yen, okay, and you know, when you go to Mexico, a Whole bunch of pesos equals a dollar, right like 20 of them.

So.

That's you know, You got a conversion rate from one currency to another. What these particular, through the three largest countries and they're talking about bringing in some of the oil countries and as well in the Middle East are doing is they're trying to come up with one currency that they all use, and Then that would be an international trade converted back and forth the dollars, much like Europe did with the euro, Which, by the way, Kind of didn't work When we had this exact same crap. when you're when You know France did away with their own currency. the Brexit was the big deal, whether the UK was going to get involved or not, and the euro was traded all over Europe, and they Did away with their basic currency. and now the u.s.

Is just gonna have we're gonna get so one world currency. It's the end times of Revelation, and this is what comes up, right? Okay, but all it is is these countries. if they did all agree to use one currency, It'd be much like when Europe went to the euro and then that's going to exchange for the dollar back and forth. Are those countries going to be able to devalue the dollar by doing that?

No, Because while they do take up a lot of landmass. They do not take up a lot of the gross domestic product of the world. The United States still is the vast majority of the gross domestic product of the world. still China is big, Russia is basically Horrible and Brazil is an a failed economy like times ten, and it's tiny as far as economics go. In other words, like I suspect.

I haven't looked it up, but I suspect Texas has a higher GDP than Brazil. as An example for real. I'm not kidding. I haven't looked it up, but I bet you that's true. Look it up.

I know it's got a higher GDP than Egypt, because I looked that up one time. I know it's got a higher GDP than Sweden and about five of the other countries that we're talking about natural gas crap a few years ago, because I looked that one up and That was going to be the end of the world and they were gonna take over. but they're tiny but little countries. And so when you put them all together, they don't have the muscle to take down the dollar. They just don't.

Mathematically, it's arithmetic, you know, you can't. they just don't have it. now, what they are gonna do if they all do put it together, It's not a d dollarization. It's not doing away with the dollar. They've created their own currency.

They're still going to have to trade with the 800 pound gorilla, which be us. Okay, and you're gonna have to trade with us in dollars. So you're gonna, whatever little currency you create over there in your little fantasy world that you live in, You're still gonna have to trade it for dollars. So it's not gonna take down. the dollar is not gonna be worth anything.

You know, I don't know how to invest, because it's gonna collapse, because freakin Brazil, Brazil.

So I'm, am I worried about this? Absolutely not. Absolutely zero. Should you go to Russia, is pitiful. China has no labor force.

their labor force is aging out because they they stopped having babies, Legally, you know, and so they have no young labor force coming on. so about, Several economists are predicting that their economy is really gonna be in deep doo-doo in 20 years, because there's gonna be nobody to work, Nobody do the work. And so all the stuff that they're China's creating right now. They're not gonna have anybody to do it. And so this is a lot of just fear-mongering.

and it's it gets clicks and views, and so the media. It gets a lot of clicks. But should you be concerned about how you're saving and investing? No, no, I wouldn't know. change a thing.

Nope. Nope. Nope. Nope. Nope.

Nope. Nope. Nope. Nope. Nope.

Nope. I wouldn't bet against America long-term. It's a bad and it's not. it's not arrogance. It's math, It's not like I'm blinded by the flag or patriotism.

That's not it. America does some stupid butt stuff sometimes, But but even when we do, we do it on scale, I mean.

Man. So no, no, no, listen, I'm old, I'm getting tired Because when I first started, there was like a conspiracy theory that the world you've seen them all. at this point You know, there's a guy. here's one. this I was telling a friend of mine.

He friend of mine, was asking about this the other day. I said. my answer to him was I read a book in 1982 called bankruptcy 1984. It was predicting the end of the US economy in 1984.. It was written by an economist.

That was brilliant, named Peter Grace. He was in charge of the Grace Commission in the Reagan administration and.

They were studying the increasing national debt and That the national debt was going to cause the economy to collapse, which I think the national debt. stupid, not a control. Okay, but this guy said it's gonna hockey stick and the. the monetary policy is going to turn upside down. We've sucked all the cash out, used it for government stuff and the economy's got no cash to operate on, And so it's going to collapse in 1984.

Apparently wrong. and then another friend of mine wrote a book called coming economic earthquake didn't happen. and Then another guy wrote a book, talked about the collapse of the economy, and then another guy wrote a book. Well, I mean why to there's a lot of the y2k was going to collapse the economy. and then there's then when the planes hit the towers, the economy was not going to recover because 3,000 people died and two towers fell in New York City.

so the entire US economy was going to collapse as a result of that. and That went around for a while. and and Silicon Valley Bank Tiny little bank over in San Francisco that no one knew what it was, except venture capitalists has the power to bring down the entire US economy, it's just asinine. at some point. It's like, okay, I think.

George, if I ever write the book on the end of the economy, would you please smack me? I'll do that. Just make sure you plan it till after you're, long after your death. So we can't blame you for it in person and go. no, no, no boo-boo.

No, you're wrong. You would anyway, You wouldn't you go? I know he's dead, but he was stupid. You know, there's no one's gonna say that about you day. Yes, I said while I'm alive.

So probably well, yeah, this is the Ramsey show.

Live from the headquarters of Ramsey solutions, it's the Ramsey show where we help people Build wealth, do work That they love and create actual, amazing Relationships. George Camel, Ramsey personality host of the popular YouTube channel, George Camel Camel with a K Check it out. He is the king of snark. You will love it. and he and Rachel Cruz do a wonderful afternoon show called smart money, happy hour.

Yeah, they might have a drink on the show, So you need to check them out and they get rather funny after they drink. So check them out. Sharon. Ramsey loves it. And that's the only review.

you need. America. That's it. That's all you need to know. It tells you everything you need.

Sharon listens to it and she doesn't listen to this show. So Wow, know that that's there. So there's some hurt feelings to my. I think there's bitterness here, But it could be. now, after 30 years.

She's not impressed anymore. 30 years of being on the air and 40 years of marriage. She's not impressed at all. takes a lot to impress, Sharon. Yeah, we've managed to do it.

There you go, so check it out. smart money, happy hour. Hey, this is a baby steps Millionaires theme hour. What is that? That is where we talk to real millionaires.

If you're a real millionaire, call in, let me help you with what a millionaire is, because some people don't know, including a congressman I heard speaking the other day, who was an idiot. So a millionaire is not someone that makes a million dollars and a year, Mr. Congressman, mrs. Congressman, you were wrong. a millionaire is someone who has a million dollar net worth.

that is different than your income. Your net worth is what you own Minus. what you owe assets, minus liabilities equals net worth. when that is greater than 1 million dollars, and what you own Minus, what you owe is greater than 1 million dollars. You are officially, by accounting definitions, a millionaire.

Well, I don't feel like. it's not a feeling. No one should have that much. It's not a moral construct. It's not enough.

It's not a question of how much you need for retirement. It's a math thing. When you have a million dollar net worth, you're a millionaire, that's all it is, It's not? you know, We can answer and have those other discussions if you want to have them. Moral construct, is it enough?

and all that kind of stuff, but it is a million dollar net worth. So if you actually have a 1 million dollar or greater net worth, We want to talk to you and find out how you got it, because there's a lot of mythology Floating around about wealthy people in America today. Let me say another way. There's a lot of stupid lies that are told about Wealthy people in America that just by the Uninformed, ignorant and people with an agenda trying to get you to vote the wrong way. And so there you go.

Check us out. If you're a millionaire, George, and I want to talk to you, want to learn how you did it. The phone number here is triple, eight, eight, two, five, five, two, two, five. Sarah is in Cincinnati. Sarah.

What's your net worth?

I have a Roth IRA at 232 371, taxable brokerage 268 26 and an Opus 403 B, retirement at 501 and The deferred comp. that's also with my public employment, at a hundred and ninety thousand eight, sixty two. And then my retiree medical count is at eighty five thousand. I just checked all my numbers Sunday and that brings me to one million nine hundred forty five thousand dollars. check it again.

Did you inherit?

I?

Didn't make six figures and inheritance didn't cause them to become a millionaire, and you just consistently invested over a long period of time.

So they take 10% of mine and match it at 10.

only in the last two years did she even break six figures and She's got a 1.9 million dollar net worth. Oh, to be fair, 200,000 of the 1.9 was inherited after she was already a millionaire 79% of America's millionaires by the largest study of millionaires ever done. and you can get that in the millionaires. But the baby steps. millionaires book, the study is in the back of the book, the entire white paper on it.

You can unpack the details of for you that, nerds, if you're having trouble sleeping, Put me right to sleep. I know that it's my study. So 79% inherited precisely 0. 5% inherited a small amount like $5,000, not enough to make the millionaires. another 5% inherited money after Substantial money like her.

after they were already millionaires. 5 and 5 and 79 would be called 89. That's 9 out of 10 of America's millionaires are not millionaires, According to stone-cold data, because of Inheritance, so when someone tells you the only way you're gonna be wealthy is have a rich uncle. They're full of crap. It's simply not true.

Don't let the lefties tell you this stuff. That's not true, It's a baby steps, millionaires theme hour.

It'll help you create a plan for your money that fits your lifestyle. So, whether it's a spontaneous date night or an epic Disney cruise budget for some fun, download every dollar for free today.

I want real millionaires as to how they really did it. Triple 8, 8, 2, 5, 5, 2, 2, 5.. Let's do a little mental exercise. Look ahead. 90 days from now It's July.

you have $1,000 in the bank. You paid off two of your credit cards and you check out at the grocery without having a panic attack. You know how that would feel? peaceful, financially peaceful, financial peace. Some of you have never had that in your entire life.

But today is the day that you can look. take it, take back control of your money. It starts in financial peace University. It's our nine-week course. It's helped millions of people beat debt, build wealth and become outrageously generous.

We're gonna teach you everything about how to handle money step by step, So you don't have to worry about it anymore. The average student going through financial peace University has an $8,000 turnaround in 90 days, $5,300 in debt reduction, 2,700 in savings. That's the average total of 8,000. not a bad return on your time. Okay, give you $8,000 in three months, would you take or talk about it?

We should talk about it. That means before summer break is over. You're gonna feel different. go to financial peace University today at Ramsey solutions.com slash FPU and get signed up. You'll be amazed at how inexpensive it is.

get plugged into a group where people love you, Encourage you and hold you accountable, and that'll ensure that this works. Financial peace University, Ramsey solutions.com slash FPU. David is in Milwaukee. Hi David. What is your net worth?

How's that made up?

Mate, no, sorry. Sorry. Uh, one about 120, 120 on the low end. Okay, cool. What do y'all do for a living?

What do you do?

go? Oh my gosh, here we are.

So we've been really just just slow and steady. like Dave always says, you know, the slow and steady wins the race, Wow.

Well,

I just had to ask gonna make sure we get all the, all the facts out here. Hey, man, I'm proud of you way to go. Congratulations. Very, very well done. Jason and Lexington.

What is your net worth? Hey, David, is 1.3 million. good for you. Give me a little breakdown by category.

Okay. All right, so set.

they had to pay the Commission. that was on the books, right?

25 years, which will put you down to 25 years old. What's the dumbest thing you did with money?

1994 Dodge Avenger. we put $300 down on it, went home and freaked out, went back the next day and canceled it. We did not get our $300 back. So out of all the things you can do stupid with money, $300 will take. it was a well lesson learned.

Very cool, very cool. Are you a reader or a TV person? Oh, I read. I would try to read two books a month. Okay, high correlation between people who build wealth.

They read books instead of watching. you're saying love is blind. season four will not help me build wealth, and I'm Pretty sure neither will Tiger King. Dang it. But I mean any strategy could be wrong.

I'm just helping you people higher with your inputs. Inputs matter. Wow, way to go, man. Good job. Jason.

This is a baby steps millionaire, a theme hour.

Listen, tickets for the live like no one else. cruiser selling fast. This is the ultimate debt-free vacation and I can't wait to celebrate with all the folks who've worked their butts off and changed their Family trees. we will be sailing through the blue waters of the Caribbean with the Ramsey Personalities and other special guests. a bunch of cabin options are already sold out, So hurry and reserve yours with a $600 deposit today at Ramsey solutions.com slash events.

George Campbell Ramsey personality is my co-host today. This is a baby steps millionaires theme hour, where we're talking to real millionaires about how they really got there. Not your broke brother-in-law's opinion. Not somebody trolling on the Internet. These are actual humans that have actually done it, which is really probably a pretty good source of information.

James is with us in Miami. Hi James. How much is your net worth?

255 thousand is in my TSP. Mm-hmm. I've got 250,000 throughout Roth IRA mutual funds, a couple single stocks in HSA, About 80,000 in cash and 40,000 and paid-off vehicles. good for you. Cool.

How old are you? I?

I'm an air traffic controller. Ah.

So that was one mistake there, But after that I learned and I started investing all the other rip areas is after that.