Number One Indicator Of People Who Retire Wealthy - Dave Ramsey Rant 

As my father used to say to me, if you don't think a million dollars is a lot of money, try to save it.

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.

I been listening to you since the 90s . We are debt free. I retired at 63. I now get to do what ever I choose. Thanks for the good Advice.

I am 15 and have watched all of your videos. I have read your books and get some weird looks. Best thing is to gain wisdom from others which is why I listen and watch your videos. It will pay off all through my life while my friends and others are in debt, broke, and in a financial disaster. Great Videos!

literally had this exact conversation with my twin brother yesterday. I told him 100 dollars per month for 40 years is 48000 dollars, but at a 12 percent return that's 1,176,000 and he said " yea but right now 48,000 is a livable wage but in 40 years 1.1 million is not a liveable wage so I'm not doing that." I was really at a loss for words and didn't know what to say. I just sent him this video and told him to watch from 6:30

My daughter is 15 and started a small part time job this year to save money for school expenses. She asked me to help her open a retirement account to place a portion of her new, small income into future savings. I gleamed with pride. It always amazes me that broke people are always the loudest. Friends were making fun of us because we were doing this. We don't care what they think. We feel that learning to save a portion of what you make for the future is a skill that needs to be practiced just like any other. Learning to be financial independent and secure is an important lesson.

on my way there 80k in savings, 29 yrs old

This stuff never gets old. Maybe “savings rate” being the #1 indicator is because the savings mentality translates over to EVERYTHING else in life. Savings is all about preparing for the future. Those with their eye on the future tend to NOT make dumb financial decisions in other aspects of their lives.

"It's scary how stupid people are." I love this man.

Dave is like your uncle that nobody wants to be with but he is the one you know who really cares deeply about you. If I were to be part of his family I will be luckiest nephew in the world!

Put freaking money into your retirement account!

2/3 of African American seniors depend on social security for 90% of their money and I know many of them. Let me tell you it ain't a great life. Save your freakin money people

The person saying being a millionaire 40 years from now won't mean much is absolutely right. That's why I'm saving to be a double millionaire instead!

Simple fact. It took me five months to save over 1,500 in two savings accounts. Not because of the interest rate. Because of the money I was putting in them instead of the fast food places.

In 1990 I got a new job that offered matching up to 5% in your 401k, so on day one, I did 5% plus the works 5%. Every time I certified on a position I would get another raise but I put half of it into my 401k. I did this because I knew I was NOT a good saver, but I never saw this money to spend it. Before I knew it, I was putting in 17% + my employer's 5% total of 23% into my 401k. Now I have a pension, social security and 2/3s of a million dollars in my 401k, which I moved it to something safer. And that was before I heard of Dave Ramsey. Oh and I'm DEBT FREE!!! Thanks Dave!! Oh I forgot, I retired 7 years ago at 56 yrs old, own 2 houses, paid off both my kids student loans, play golf 4-5 times per week.

I am in China and listening to your every word. Thank you for creating a platform that educates and motivates when it comes to money. My 16-year-old niece loves you as well and she's saving her money right now and learning from you. Thank you, Mr. Ramsey.

i was taught to save 50% of my income from my first job at age 14. because my birth family died early, before age 50. i decided i wanted to retire at age 45. at age 27, i really began to dump as much into savings for that goal. i also bought gold. during this time i married, had two children, served in the US Air Force. because all that cash was behind me, when Murphy and his bag of nasty stuff showed up, i was ready. i was medically retired after my plane crashed. my husband decided he loved somebody else. cancer came calling at age 40. 1/1/2000 was my last day of work, ever. because i’d saved 50% of all my income, i got my military retirement. i became a stay at home mom, by default. G-d killed off the cancer, i just lost a portion of a brain. the upside, i paid cash for my children to go to law school and medical school. my home is paid for. so at 57, i actually make more per year than any year i actually worked! it can be done. my children have followed my example and are well on their way to living a nice life. i don’t know what their dad has planned for, but they won’t have to care for me.

The number one indicator of having a lot of money in retirement is saving money for retirement.

Every dollar not spent is a dollar saved. Every dollar saved is a 100% return.

I want to retire with DIGNITY! Thank you Dave!!

I did a quick calculation. $1,000,000 in 2015 was worth about $2.2 million in 1985. So in the year 2045 it may be worth $480,000. With 0% growth. I will take that over worrying about how i'm going to eat tomorrow in the year 2045!!! Dave is right!!

I appreciate this Dave. Unfortunately, you tend to encourage people to pay off their student loans and their mortgage before they contribute to their 401k's. People have to do both. You shouldn't wait until you're 36 years old to start putting money away toward retirement. The earlier you start, the better off you are.

We started sorting out our mess late at 44 years of age. Fast forward 9.5 years combined with these principles and we've turned it around. Now we have no debt, a mortgage free house and 260k NZD invested so far. Small bites of the elephant, frugal living and consistent investing wins in the end.

Probably biggest indicator is they aren't caught up in financing every few years 40k vehicles and stuck in huge car payments for whole life. They buy a nice modest used car for cash and use it for 8 plus years.

"Your parents are cousins." Ha! I choked on my lunch when I heard that! Lol!

Thank you!! I needed these videos. I just signed up for my jobs 401k at 10%. I've been here for 2 years already and am kicking myself for not taking advantage.... But im 26 so better late than never. Thank you Ramsey

The piece of research in this video backs up what Dave has been saying all along...your biggest wealth building tool is your income. When you have money and budget, your savings rate will be the beneficiary.

“Its scary how stupid people are!” Lol classic line Dave 👍

I started late because of a financial mistake with credit debt got out of debt. Started in my early 30s. Took max match on 401k 6%. Every year took half raise and put to saving. I'm turning 58 at 16% hitting just shy of a mill and put 2 kids through college. If I had started in early 20s estimated I would be at 2 mill. Thats what compounding can do. Please listen to dave.

TL;DW "74% of the reason people retire with dignity is because they save money."

I am a full time student and still manage to save more than everyone else in my family who all earn over 50K per year. ( i do live out of home too ). I don't get it how people can't see this issue. thanks mate :)

“Your parents are cousins”…. Dave your killing me! Thanks for the laughs!!! Keep up the great work.

"Your parents are cousins" LOL omg this man kills me

Thank you so much, dear Sir Dave Ramsey! It is so nice to have you on the earth!

Read Dave’s books in high school. Retired at 24 a millionaire. Drive a Porsche. Golf with and listen to wise old people. Savings rate 75%. No debt. ROR 18%+. Thanks Dave! 💰 😊

I love your show Dave!!

I am a huge financial nerd.

"Social Insecurity " lol good one!

Love this dude!!!! He's got me killing it!

My dad said, "saving so early, by the time you retire, it wouldn't be enough to buy bread". My older sister said, "what if you died before you retired. It's better to enjoy now?!" Reply To Dad, "at least I have something to buy bread". Reply To older Sister, "it bring comfort knowing if money out live me. The people left behind will enjoy it". 30 years later, I'm proud to say, I can retire whenever I want to. Compound interest, dividend reinvestment, raising real estate value does wonders to the bottomline. The secret is to start young. The younger the better...

Thanks Dave!

don't knock money magazine. the info I learned from that mag when i was 21 (I'm 45) made me rich. I learned the rule of 72 (look it up) and I made a giant commitment to saving and investing in index funds. My wife is a big time exec at a top 3 wall street firm and I have a degree in finance and nothing either one of has learned over the past 24 years has topped the power of the rule of 72 - money doubles every 12 years at 6%....Forget about big returns, if you focus on never getting a negative rate of return, and averaging 6% will be enough to make you rich if you just commit to dumping in the cash.....

Every now and then I listen to you just to check if I am doing right things financially…

This video is straight forward good advice. Nice job Dave!

Preach... it gets so old hearing people say, “well with inflation..... it won’t be worth half of what it is now...” garbage

"72 Ways to prepare Alpo".... such savagery. I love it.

life changing free advice, can't beat that. thank you !!

Truth! So thankful I found you Dave. God 🙏 Bless!

Great perspective Dave. Save early and often.

The ones who retire wealthy are the ones who answer the following question: "Why should I save money for retirement when I could die tomorrow." in the following way: "What if I don't die tomorrow?"...................

I started with nothing and am now comfortable. My path was similar to Ramsey's. If I had followed his path exactly, I would probably have 5x as much by now.

so simple and so true great vids !!

He's not wrong; at all! I started mine last year and personally contributed 3.5k. Between compounding interest and employer matches, I ended the year with 8k! No joke! I just switched jobs and they won't let me start contributing again for another 2 months so it's driving me crazy! My goal is to be able to retire by age 40.

Been following Dave since the early days. It's payed off big time.

What’s interesting here about the 100 a month comment not being worth anything due to inflation is the 100 is never adjusted for inflation. Now run the numbers with 100 a month for year one then every year increase that 100 a month by 3%.

Amazing the things people collect. Collect MONEY!

The historic stock market CAGR is not 12 percent, more like 7 before inflation. Just like its said that most actively managed funds cant beat an S&P and good luck finding the ones that will consistently very few funds consistantley do 12 percent. Its worse with people stuck in 401k's that usually have poor choices.

This is awesome!!! Go Dave!!

Thank you, Dave.

Im doing it and it feels good, im way behind but im making progress...Thanks for the encouragement!

moral of the story.....more work less studying. not saying that you shouldn't study because it is vitally important, but 100% studying and 5% action will not yield much! Thanks Dave!

You guys could include charts and excel spreadsheet snapshots throughout the videos. I know finance like Dave and visual charts and spreadsheets that help people visualize things like compound interest can help to see how powerful they are over long periods of time. Good stuff Dave! Consistency is key to achieve long term wealth. I'm shooting to become a millionaire by age 30. Got 5 years left and I own a business worth around 60k-70k so far. Going to start investing and selling real estate this next spring too.

I think this is one of my favorite rants

This is great!

I love Daves rants , he,s spot on and a good bloke doing his best helping people to realize there potential to get somewhere in life and retire with a healthy safty net no matter what age you are you can still do something rather than sitting on your diddly squat.

Surprised he thought it was rate of return. I'm quite good at saving and investing but I didn't think it was terribly difficult to guess that savings rate was the most important factor. This is actually my mantra when I give people advice. Too many people try to focus on being great investors when it is a lot easier and more impactful to be a great saver.

Thank you Mr. Ramsey.

Just when I’m about to get a pay bump next month this pops up in auto play.. thanks Dave!

We just live within our budget. We pay ourselves first. I retired at 39 and just work cause I enjoy still mentoring to soldiers.

Yup.. Engineers don't make much money in the UK. So when I emigrated to the USA 21 years ago I immediately had a savings rate of more than 50%.. I paid my 30 year mortgage off in just over 6 years, then invested the rest.. I retired 3 years ago and my Wife retired last week at the end of the school year.. Boom done!

I love Dave!

Yes it's frightening how people are careless and play with their own lives thank Dave for the insight calls God bless

I would also think that age at which you start saving plays a huge part in it. I started when I was 25 and I will have at least 4-5 million when I retire. And thats on a pretty low income. But I see so many people who are 35 and still have nothing to show for it and have never even considered their retirement, let alone increasing their contributions to it.

I started maxing my retirement savings around 2005 when I only had $75K saved. Retired with $1.3 in those accounts.

Dave had me at the edge of my seat waiting for a answer! Talk about wait for it....lol!

You’re funny and for real Dave Ramsey! I enjoy listening to you.

#1 indicator of people having money in 401ks = people putting money in 401ks

Money magazine made me wealthy, getting me to save and invest.

I love Dave so much

Love this advice

Dave is right, learn how to save, 👌

I'd like to know where I can get that mutual fund Dave mentioned with a long-term average return of 12% for several decades. Where do I sign up?

THANK YOU

Great point dave

I think ramen is more cost effective than alpo. I would start there first.

Just ran across this clip. Holds true in 2020 as well as it did in 2015. I would love to ask the person who said a million isn't going to be worth as much in 40 years as today one simple question. What is your alternative? Just curious.

thank you

Good one ramsey !!!

Sometimes the most obvious answer is the one that is right in front of you

,,It's scary how stupid people are'' 😂 love it, so true

I LOVE THIS MAN!!!!!!!

I know people who frequently go to the casino and/or play the lottery. And they usually say "you cant win if you dont play". Better them than me, but I feel the same way about retiring with multiple streams of income!

I actually read a comment where a lady said "having a job is making someone else rich". Now that's about the all time stupidest thing I've heard. Choosing EBT over working.

When most people are going paycheck to paycheck it doesn’t really matter they have to work till they die

My favorite rant🙏🏿👊🏿👍🏿😂

Man I love Dave.

Omg.....I spit my coffee out. "Your parents are cousins".....I laughed so hard.

Retirement in early 50s....this is a very big red flag when you have saved enough $$

Yesss!!! Dave, it’s simple get out of debt and save money 💰 😎

Best rant yet