What Secret Millionaires Don't Tell You - Dave Ramsey Rant 

I live in the mid west. Number one indicator of wealth, patched bib overalls 🤠

I own 12 rentals not including my home. Drive a 1998 nissan Quest ( bought used for 4,500) net worth about 5.5 mm. I have been called unassuming before. Net wealth Trumps savings -always !

Your good looking to me ducky. I could not imagine Dave Ramsey looking like anyone else.

You’ve been reported for falsifying info and reporting people. You may love cancel culture, but we’re not having it.

​@@davida9878Happy for you :)​

Thank you for that comment because it made my day😂

Chuckle 🤣. You made me laugh out loud!!!!!!

Congratulations you are halfway there 😂

Doug Demuro enters the chat

I didn't know I was a millionaire until I listened to Dave Ramsey. I still buy my clothes on Ebay (used) or Goodwill and love driving my 2000 Toyota 4Runner! A million dollars is nothing to brag about now a days. "Just buy what I need, not what I want..."

You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.

I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.

Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

did you have to live like a dog?

Congratulations Rick, I hope you're good man!

Well done mate ,that's the real dream not all of us will win the lotto but being debt free is just as good

I wonder if you’d have been a millionaire if didn’t retire at 55? I got debt free at 45, and in hindsight would have contributed more to Roth IRA vs. aggressively paying low interest debt, including a 2% - $200 car note I was years ahead on. I didn’t start putting money in until 48, and at 50: I’m between $150k-$200k in Roth/401k/HSA/Rollover IRA, with a milestone goal of hitting $250k. I did career pivot and invested money back into myself & skills training, making low $100k, and the only debt I carry has been 12-month interest free balance transfer debt which I only used to max out contributions of $30k & $7500 with catch-up. I’ll do it again this year as well, because I can’t go back in time for annual contributions, but I do pay that interest free BT off. June 2021 is when I successfully was hired for new position in IT at $84k as contract & FT in February 2023. Not even 3 full years - I get annual bonus & even a 4% raise, and I’ll pull off another $40k+ into portfolios again this year, with goal of 2 more years - hit 5 years at Fortune 100 company, I’ll definitely be able to leverage myself in job market better & go up $10-$15k. In meantime, don’t be stupid, continue to work hard, and I’ll be on course to surpass $1M before 60. My only regret was not investing sooner.

@@talentoso2212 Really? What its like?? I am young and I dont know anything about investing

@@BlackGoddess143 its very comforting and relieving. It brings a sense of security and a faith that things will work out. It gets rid of the feeling of being trapped. Seeing yourself putting say 300 a month in and in one month you see you've saved 12 000, then a few months later you see 18,000 due to investments paying off. Its like, hey, I might actually get to buy a house or car in cash.

@@crownary3537 a Charles schwab retirement plan/401k. Ive made decent money off of amd and enphase on the stock market. And nio/tesla, and Cleveland cliffs but those are riskier. Solar power companies are also nice.

It gets easier as you build. The toughest part is getting to the 1st million. The 2nd million is half as easy. Getting to $3mil even easier and getting to $4mil even easier. Each $1mil after the initial mil milestone only gets easier. Takeaway: hit the 1st mil as quickly as you can!

Aidan Hodge Science quick question do you stock as full time or part time? Because I am young too and want to do stock but I don’t want to do it as I full time job.

Amen...

WELL SAID

That's right. You know that you don't need it---and wanting something is a passing emotion!!!

@@kaohsiung99, doesn't matter if you need it. You have the cash to pay for it cause you just want to buy it but you don't cause you can buy it later if you want to. In other words you have the power to buy what you want but your still content without it. Or you know you could buy it anytime you want. It's really freaky. That's the true definition of wealth. It's like the more money you get the less you want to spend. That's what happens to me. The more cash I get into savings the less I want to spend. It's a weird phenomenon.

@stevenstrumpf7 Not true. I have two minimum wage jobs and walk by stuff all the time. You need discipline

This is a wonderful observation and should be a hi-lighted response!

Heh, as a bank teller you saw how true that *statement* was?

I just started a bank job a month ago. I definitely know what you’re saying. I always have a good feeling when I talk to an elderly man or woman with hundreds of thousands of dollars in the bank. All I can think of is “good for you!” Way to manage your money and enjoy your retirement!

Write a book of your experience

I was also a bank teller and I can verify what you are saying. Usually people who had money were also way more relaxed and did not have need to be rude or treat you badly. Usually the ones who thought they got much money were the rude ones. But there is a reason why those Escalade drivers with fance new iphones did not got any money. Their money went to those gadgets.

Amen...

Lol yes they do.

Tell Floyd ‘Money ‘ Mayweather that.

@@goat7844floyd mayweather is in the 100+ million dollar category lol

Correct. Also, the stuff you do not have to put up with.

This exactly. This is why I have invested from day one of getting out of college and going to work for 30 years straight. I could retire now at 53 if I wanted. It's all about freedom.

Exactly.

@@ms8742 No BS...lol

What freedom it gives you

That right . All you would have is people trying to scam you out of money.

Scully Fox yup. I am a millionaire a few times over and not a single person I know knows it. I drive a 15 year old Honda with 260k miles on it. I like being anonymous.

You don’t need a million dollars to do that. My brother in law is broke and don’t know anyone

* when you are a millionaire... =)

All you going to have is people trying to scam you all the time if they know you have money. Dave must question himself all the time. Does this person likes me because I have money? Is this person trying to scam me? I don't even Tell my Girlfriend how much money I have I play poor all the time.

Cash sings. Always offer cash for deals.

Another lame copy and paste comment made by another poor person. How original.

@@LaSombraa I didn't copy and paste this and I am not poor. I think you are sour and projecting friend.

@Buster I love that

@@LaSombraa and why do you insult the poor? The poor have more chance to be in the Kingdom of GOD. But if you're arrogant then u only enjoy this life for what... Not even a 100 years

Same, my father is a CPA.

NFLClip2019 what’s a cpa , I’m not from America

@@hhhjjjj1065 Certified Public Accountant

That's awesome

I am a millionaire and I always feel broke.

Commitment is important 😅

Agree. Only thing I did differently is I bought a new minivan after I drove my first one for 18 years.

And of those three... same spouse is the most important, if you got the right one!

Kinda prefer same house, no spouse, no car.

Same house, no spouse, new car 😎

There is no fork.....

Lol. Use your fingers, there's no spoon.

😂😆😎

Are you using your phone or Google to check your bank account? You know Google 👀 everything you do. If Im on the internet looking for a product to buy & if i do not buy it when I go to RU-vid, the first ad is products similar to what I was looking for & I feel like the ad stalks you to buy.

👏👏👏

How much was he worth ?

God he should have taught you about money

How dare you...your story is incomplete

khadijah jones $500,000

But at the same time we dont take it with us so its definitely a balance thing. Whats the point living frugally and having millions in the bank but never spending on any luxuries and nice holidays. Theres loads of very rich people that have developed the habit of never spending so they are very stingy. Balance is the all important way to go. Otherwise your children and grandchildren will spend it anyway.

You and I have that in common. The way I see it, the $ just lets you not have to be perfect. By that I mean, a parking ticket is no longer going to break the bank. Or breaking your arm, etc. I still get anxious when something unexpected happens (which is nearly every month, lol), but I don't constantly have to think, "Ok, where can we cut expenses this month to pay for that fill-in-the-blank problem."

same

agreed but the key, always enjoy the journey. Be smart, stay in your lane and prepare for your future

@@jimhandler1129 Same here as well. 👍

@@jays9196 It was always a goal of mine. Took me awhile to achieve. Slow and steady wins the race. No one would ever guess, as I live a very frugal, but debt free life.

never heard that one but can relate.

One of my exes was like that. Unfortunatly for her, after we split up, I made my deal of a lifetime and now am what she always wanted us to look like - financially secured for life.

The wife is America. And so is the husband.

Rob Allison My friend's ex was horrible at money. Her whole family was. Her aunts and uncles and dad all filed for bankruptcy to not pay bills. He had to leave that family. Too many baby showers, vacations, restaurants...my head would spin as he told me.

@@sdrjr3562 Hope your friend is doing alright now. I hate the whole 'spend money before you have them'-mentality that plagues so many. In the long run it affects us all when these stressed out debters takes out their frustration on the surroundings.

I see what you are getting at... But there are thousands of people posting their failures online

@Joe H its not ironic because what you're saying has nothing to do with the quote

@Joe H lol

I posted my failed 1RM squat yesterday

@Joe H He is still rich . Dont get it twisted. He just isnt wealthy or as wealthy anymore.

What's driving an old car got to do with it? If you are a multi millionaire than what's the difference between a beaten up car or a $20K nicely used Lexus? Pennies on a millionaire's dollar. Millionaires who drive an old car don't drive it to save money. They drive it because they don't care about cars. And that's fair...

@@mathisnotforthefaintofheart It's not just "cars" that they don't care about. They don't care about fashion, entertainment, expensive food, exotic vacations, etc. *THAT IS THE REASON THEY ARE RICH*. They keep their money!

You've met many more than that, you just didn't realize it.

​I like both - new and old cars. I have both, new and old cars. They're not tied to my net worth, for any reason. Ppl need to get off the whole; new car old car deal. Neither one sez anything about the person. Especially, the person that owns BOTH!

@@samryan7954 as someone said earlier it’s about not caring about having those expensive status symbols. I like old cars and new cars too. I much more like old old cars but that’s me

@Gazpacho Suave We like to travel so there's where our money for fun stuff usually goes

Us, too. I don't buy luxury purses, I don't buy jewelry, and I don't wear expensive clothes or buy them. I don't want to get robbed.

That's why the 3rd world ought to be nuked off the planet.

Traveling is best way to spend your money .

@@glorymanheretosleep Pepega

Rob great job!! Proud of you

👏🏾👏🏾👏🏾

"it means the only people that contact me actually want to talk to me." very sad and true...money doesn't change you it changes the people around you

@@TopFlightSecurity415 That is a WHOLE word right there

heya Rob how ya doin ;) jk happy for you man!

Haha. nice!

@Snow 123 Did you watch - or should I say listen - to the video?

Snow 123 He literally says he’s not talking about people who make over 10 million. You are talking about the mega rich.

Well said. For those who are complaining about billionaires not living like that, they probably live more like someone trying to be a millionaire, than a millionaire trying to be a billionaire, if thqtmakes sense. Take a look at Bill Gates, Warren Buffett, even Jeff Bezos and Elon Musk - and then compare their lifestyle to that of celebrities/actors, etc (Hollywood types) who make a fraction of what they make. I bet the Hollywood celebrities live more extravagantly, even though they are multimillionaires and not multibillionaires. For the rest of us normal people, I think the pattern holds true. The thing is that even when rich people DO live extravagantly, buy expensive cars, etc, it's a smaller percentage of their wealth (Dave literally just mentioned this as I was typing it)

It's the classic living below/above your means

True.

So true.

Great story. It appears that people with real wealth understand how worthless so many of these status symbols are.

I love it! Thank you for sharing the story.

Jean Shepherd i love this quote!

Wow this is profound! Thanks!

Could you be more specific?

That’s us. People don’t need to see what we did and where we went to spend and enjoy our time.

Plot twist: Quit social media all together and then you’re not even troubled with seeing people of that mindset

Wow. Hey stranger on the internet, that quote blew my mind. Thank you ❤️

@@trachbeba3488 No problem! Thanks for writing back means a lot :)

Probably better.

thats a bar

Ross Campoli - Leadership & Business Videos yep , great book

That book really helped change my life. At the time I worked for a guy who was wealthy, had a nice but not pretentious home and drove a chevy. He was a great example.

"Stop Acting Rich: And Start Living Like a Real Millionaire" by Thomas Stanley is another great book about this subject.

Exactly! Everyday millionaires really don't have egos, I've noticed. Can't wait to be one!

Bragging too much about your wealth is a great way to get friends and family begging you for money

And, that is the promise of America. Not welfare for life as some believe.

Welcome! We’re happy to have you! 🇺🇸

USA! USA! asi debe ser!! saludos!

Good luck, Brother,Kick some ass!

I felt that about my wife.

Exactly. Like the bread maker that gathers dust on the kitchen counter.

I know exactly what you mean. The world would be a depressing place if you only had the best of everything and had nothing to admire.

Spock from Star Trek episode, "Amok Time": After a time, you may find that 'having' is not so pleasing a thing as 'wanting'. It is illogical, but it is often true

100% true.

Amen to this 🤍

Yes!

If you have money get some nice things. Don't let this clown stop you

Me too

@@calebmelton5989 t. Broke

100% correct and I am a restaurant owner.

Ok makes sense now, they would always tell me the owner is never here 🤫

Will Rogers never said that. I started it on Zerohedge a few years ago. Spending money you don't have to buy things you don't need to impress people you don't like. It's the American Way.

@@mrdanforth3744 you should take a queue from one of his other quotes, “Never miss a good chance to shut up.” Will Rogers said that more than 75 years before Zerohedge even existed. I think you are mixing him up with Roy Rogers...

@@insideoutsideupsidedown2218 Citation please? I know what I said and it was original at the time, if I was anticipated I would like to know about it.

@@insideoutsideupsidedown2218 “Better to say nothing and be thought a fool, than to open your mouth and remove any doubt,” Mr. Danforth. I’m quoting someone, I know not who, but everyone knows did not come up with that quote. You weren’t even born yet.

Love this story! 👍👍

Brilliant..how old is this story ??

Great story.

@@virtuosowins 1977

Of all my wife and my siblings, the brokest one drives a three year old Mercedes. The richest one, many millions, and his own construction company, drives a five or six year old Ford F-250 pick up truck.

@ Phil 556 sorry, but that's a silly statement. You used to be loan officer and you tell us that MOST PEOPLE are one paycheck away from ruin.? No. Maybe that's true of the types of people who were applying to you for loans, but they are not "most people". You are like a hospital nurse claiming that most people are sick, because that's all they see every day.

@@daleviker5884 Your opinion, that's fine. But all of the macro data suggests that I'm right, in addition to my personal observations.

​@@phil5569I think Dave Ramsey would agree with you.

Love that 💓

Excellent - great job. What was/is your secret?

Please teach us your ways

@@sgist7824 im afraid that the thing that contributed the most was staying single and not having children. That allowed me to max out my 401k every single year. I also invested in the stock market outside of my 401k for decades. Ive always lived a minimalist life Buy a modest car and drive it for at least 10 years.

When we were kids and dreamed of being a millionaire, we didn't know what that would look like 50 years down the line. 1M in my neighbourhood is a good start. It is not considered wealth.

You got to the point where you could afford most of the things you want, and realize that you don't need much.

TRUUUUTH!

Very true indeed.

Yep which is the core reason young pro athletes are prime targets

Truth. My ex was extremely frugal and loaded but I had no idea how much he had because he was very secretive about it. showing off only attracts the wrong type of people.

Just like the government

Maintaining your health adds to keeping that happiness going.

My brother told me a story about an investor who would not pay the contractors, fire them 1/2 way, etc. One way to get rich I guess..

@@josephrichardson4678 You don't get wealthy messing other people over. You may get that way for a few years but it will catch up to you eventually. Mainly because no one will eventually want to deal with this person.

@@josephrichardson4678 Not sure how true this could be, Contractors can place Mechanics Liens on properties when customers don't pay. Mechanics Liens are available in all 50 states and the District of Columbia. Although each state will have different laws regarding these types of liens.

@@lanmandragoran8552 I personally think that folks that stiff a working person are the lowest of low.

Buying too many things isn't good for your health.

That’s why a lot of big lottery winners go bankrupt or get killed.

@@choreomaniac Even get killed? Really? If true, that is awful.

You're way ahead of your time!! Good for you!!

you got this!!

Fantastic 😁

If you are doing that now at 21, you are going to be a millionaire. No question about it. Keep it up.

You can buy up to a 4plex with an FHA at 3.5% down. Good luck :)

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $760k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

how do I get in touch with this consultant that assist?

STEPHANIE KOPP MEEKS, that's whom i work with look her up and thank me later

Thanks for the info . Found her website and it really impressive

All you need is a pro. Michael Adams Jay would help you out with all you need to know he is a guru. He is a financial Advisor

reach out to him using the provided information..

Michaeladamsxyz@gmailcom...

1 { 8 1 8 } 5 3 3 9 6 4 2

My financial situation has changed for good thanks Michael Adams Jay

Stealth wealth is what it's all about. I buy ties at Salvation army, never use vending machines, never get food delivered, and add water to my juices. It's all about spending less than you make, staying out of debt and investing as much as possible for the long term.

Great for you, but perhaps you should consider loosening the purse strings a bit.

And your frugal habits will ensure you stay financially comfortable. Good for you!

@@slmunney7760 why

Love this for you 100%. I do feel like since you’ve amassed a million you should allow yourself to indulge sporadically. I do but only for achieving huge goals and sometimes those things are priceless. I spent $5k on a plane ticket overseas to see my last remaining grandparent, she literally died a few weeks after we had left, and I missed seeing my other grandparent who passed away during covid-19 but some things are truly priceless but agree many luxury holidays aren’t necessary to be happy. For me travel is often about seeing my family who live abroad and that I love dearly.

Bianca Bee which baby step are you on

Something brought you here for a reason... think of how you can improve something in your life with his content Have a great day =]

Bianca Bee - That's good, this way you will never fall into the same financial mess most of his callers are in. Preventive medicine 🤓

Yet

Allah The Moon God Nah

Tyler Hern can you call my wife right quick?

Plus, most of the people he is talking about have the majority of their money in retirement. They don’t look like millionaires because they can’t spend any of it. There is a huge difference between a million in non-retirement money and a million in your 401k.

Dawn T exactly that’s why I’m mostly investing in a taxable brockage account so I can touch it anytime I want

I'll be an everyday millionaire and I do all those except the fancy clothes.

fake it til you make it

Congratulations!

it buys you a certain amount of freedom.

@ Hilden Johns That's well put.

It also helps not to have expensive hobbies, like fast women or slow horses.

The bigger the holes, the higher the price !

I would never purchase jeans with holes in legs....so laughable!

@@Javeec 😂😂😂 think this went over a lot of heads tbh

You are becoming wealthy because you changed your thinking.

True, but Dave's a good cheerleader that helps some to stay focused.

I'm still not clear why this isn't obvious to all adults

Eddie “acting poor” sounds like a disguise. No one wants to “act poor” which is rice and beans every day. Maybe Raman soup. 2 pairs of paints. Watering down soap and detergent to save. Rich people don’t do that.

@@Brazillianboi69 thats not what he means man

I know what you mean...a person who doesn't flaunt what he has and is down to earth!

Like Dave said, the term is "unassuming".

@@Brazillianboi69 I am not talking about penny pinching. I am talking about people like Warren Buffett and Sam Walton.

G : exactly.

100% More people need to know this. I grew up lower income 1 bedroom 1 bath duplex with mom, dad, sister and myself. Slept in the living room until I was old enough to move out. A couple of years ago I started earnings life changing money and started buying stuff: Nice guns, atvs, new truck, 2nd car, etc. None of it made me happier. I even went into depression because I couldn't understand why I wasmy happier.

When you finally reach the point when you can afford the fancy car.....you dont want the fancy car. Hahahaha 💚❤🧡💙💛💜

@@heatherluna5075 Facts

@@chrisginoc yep....yep....and yep💗

I sincerely believe people often underestimate financial advisors' importance too. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

'Kristin Amber Landis' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

Here here!

@@AlexBridgesKiev Here here what? :P

@ It means congratulations. Its slang.

@integr8er66 oh, I really did not know that! Thanks! I’m curious about the origin of that expression

@ ya, I think it's origen is English, meaning brittish, but not sure, I have heard it in theaters, as people clap

2skyland ??? You dont have a thousand right now?

Gotta start somewhere!! 👍🏾

I just copy what the rich do. My first two houses cost less than my annual salary. I bet you can guess what I am planning on. Next stop business owner.

No need for the explanation

If a person/couple is out of debt, including their house, and have 6 months of expenses, I'm impressed.

@TimothyHartley. However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@TimothyHartley. Judith Ann peace is her name

@TimothyHartley. You are welcome

There is that maketh himself rich, yet hath nothing: there is that maketh himself poor, yet hath great riches.

Sheesh 🔥💯

@@Drummerjl1 I LOVE the Book of Proverbs and Ecclesiastes. Biblical wisdom does it every time for me.

What investments?

@@dolins_design good for you

Now that you have a million net worth it's no big deal for you to go buy a fancy watch , designer clothing or iPhone now. Just buy one used at a good price so when you're sick of it you can get close to the same you paid for it maybe even more. Than it was free. When you have cash, you have the freedom to do that.

How did you do it man? Similar boat as you and I’m 23 now

FireStrato a house that gains value and save

This inspired me thank you!

Coming for someone that used to work for tips, I truly enjoy tipping heavily to folks because I know how it really made my day back then.

Exactly. I owned a gorgeous MB but shuddered at the maintenance cost - I ditched that car asap and bought an unassuming Toyota that has 95% of the features. Love how cheap it is to drive it.

I get the impression that he has advanced so far, and yet he has never forgotten his own mistakes and hardship. Top man.

Lol

Shhhh don't tell

Yes. Read the Millionaire Next Door

Josh Armstrong exactly 👍

Exactly

Not only that, I’d be worried about people dinging the doors.

elmateo77 we take regular cruises to the Bahamas on our boat, but it’s used and our cars are all used and we already have our retirement income stream coming in (since age 52). But, we have friends who all drive brand new Cars, and who take one week vacations, and who spend like crazy on shiny baubles, who can’t understand how we go away for a year. Many, like people here, assume we have family money we don’t talk about. We don’t.

99 camry and 2011 camry here. Cars are a waste of money.

There are millionaires that do drive expensive cars tho simply because they like it.

@@ClaireLoprensa Yes, though I assume that for the sensible ones, those cars are well within their means.

I read it 2 years ago. We a good book. Very interesting.

Or they might just be plain rich idiots.

No happy faces?

Got a bunch of weasel family and coworkers too. If they knew, they'd feel entitled. My secret is best kept that way. They worship fake rich people. I just keep my mouth shut and stay humble.

@Gazpacho Suave Simple, yet awesome!

Once you get there, you can set your sights higher.

My goal now is $1,000,000 net worth by the time I'm 60, and 750k of that in cash and stocks. I'm 54 now and right on target. Can't invest in houses, they tax them too much, land is much cheaper to own. I walked in the bank the other day in just what I wear, jeans and a sweatshirt and talked about how I needed to diversify my account to stay under the FDIC ins limit. The lady was funny, she was just talking normal to me, then once she pulled up my acct it was Mr. This and Mr. That. 😁 It goes to show you $ does make ppl treat you different.

@@integr8er66 You don't get to take it with you when you die.

@@SomeGuy-sy5sj But you do get to earn it.......