You'll Never Become A Millionaire If You Believe This Lie!

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You'll Never Become A Millionaire If You Believe This Lie!
Nix the guesswork and scrolling. We’ll connect you with investment pros we trust: bit.ly/3kwqrhf
Listen to how ordinary people built extraordinary wealth-and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, and John Delony.
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5 окт 2024

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Комментарии : 425

@RamseyEverydayMillionaires 3 года назад

Nix the guesswork and scrolling. We’ll connect you with investment pros we trust: bit.ly/3kwqrhf

@ZacharyBuhler 3 года назад

That Millionaire study was a huge motivation to me. My wife is a school teacher and I work in the garbage industry so most people would say we are never going to become millionaires. Don’t believe the lies that people will tell you! My wife and I are millionaires! We didn’t inherit anything, and we made an average of $115k per year. This study is spot on and couldn’t be more accurate. Keep up the great work Dave!

@j.l.salayao8055 3 года назад

Spot on Zachary, great job! I'm married to a wonderful woman who has been in the teaching industry for the past 16 years and counting. Let us give the best support we can give to our loved ones who is going through difficult times in teaching field. Many failed parenting out there and it becomes the publics problem. Keep up the good job.

@ZacharyBuhler 3 года назад

@@j.l.salayao8055 I couldn’t agree more! Most parents put all the pressure on the teachers to correct their children’s behavioral issues. It’s always gonna be a problem, but if we can get some better parenting it sure will make teaching easier.

@thomasmariani8818 3 года назад

Dave lifts his study up a little too much. It’s still a survey study

@ZacharyBuhler 3 года назад

@@thomasmariani8818 not really, it’s spot on. If you follow it you’ll end up with a lot of money and there’s nothing wrong with that.

@insideoutsideupsidedown2218 3 года назад

@@thomasmariani8818 go do your own study

@Peter-zv4dx 2 года назад

In a single guy also 43 and im a a millionaire about the same figure as the caller. Did it all by myself . Nothing inherited. 4 properties, classic car, saving and ira. And all this while working in a factory job 9 to 5. No degree no diploma. Just high school.

@DeionSardines 2 года назад

@saraw112 2 года назад

Congrats!!!

@ajitdhavale4183 2 года назад

You are an inspiration ....congratulations

@metaltera86 Год назад

How did you acquire property?

@kshitiz06 Год назад

Congrats. How did you get the properties? Did you put downpayment and took a loan?

@davidtodd1037 2 года назад

My wife and I have been cashiers in the same grocery store for 25 and 22 years. We make $80k combined. We invest 38% of our income. Our home is paid off as of 2016 and our retirement balance is now $398,000 combined. Neither of us has ever received any inheritance. We just work hard and spend wisely. We have 22 years until retirement. If we can do it anyone can.

@Run4Ever77 2 года назад

@David Todd. Wow - awesome!! Way to go to you both...very inspiring. Just curious for the full picture - how much would you estimate your house is worth?

@davidtodd1037 2 года назад

@@Run4Ever77 Purchased in 2007 for $120k but today is worth $175k.

@Peter-zv4dx 2 года назад

Legend

@Run4Ever77 2 года назад

@@davidtodd1037 Awesome, thanks. Great job, again, and thanks for sharing your details - it is inspiring. May God continue to bless you both!

@Run4Ever77 2 года назад

@@davidtodd1037 Just re-reading your reply and it dawned on me that your house value-to-income ratio when you bought was around 1.5 ($120,000/$80,000). This matches up very well with info from "The Millionaire Next Door" book where the millionaires they studied had an original home mortgage-to-income ratio of 1.49. It is conservative and it frees up income to invest & build wealth. So great!

@studentsofmoney2653 3 года назад

It’s all about a mindset. If you think the system is against you and you are oppressed, then you see oppression everywhere. If you think you have the ability to be successful, you see opportunities everywhere.

@johnSmith-uz8nl 3 года назад

I see oppression everywhere AND I AM A MILLIONAIRE.

@studentsofmoney2653 3 года назад

@@johnSmith-uz8nl that’s why everyone can do it!

@johnSmith-uz8nl 3 года назад

@@studentsofmoney2653 Absolutely. But don't turn your back on CRT, oppression, racism, anti semanticist, etc... Right now wit cell phones, we are seeing a lot more racism... but there is not more racism... they are just being filmed.

@studentsofmoney2653 3 года назад

@@johnSmith-uz8nl your absolutely right about that. I wasn’t really making a point about racism but I get what you are saying. When I used the word oppression I really just meant more about the people who think capitalism keeps the middle class under.

@zulubeatsprince 3 года назад

@@johnSmith-uz8nl same thing I dont care about racism or none of that. It doesn't help to keep speaking about it either. The concept is inherently dumb. I rather focus on working and changing my own life than begging a small fraction of ackward people to be nice to me.. I dont see how worrying and talking about racism makes anyone's life better imo

@Amandaaaaaaaaaaaaa 3 года назад

We are a millionaire couple ( 2 million net worth) on our early 30's. I'm a first generation immigrant who grew up dirt poor and my husband never inherited anything and worked his behind off since college days.

@lilcajunqueen888 3 года назад

Fantastic job!

@maryhorwitz845 3 года назад

Congratulations!

@TartarianTopG 3 года назад

Wow! What do you all do for a living??

@mzgemini0006 3 года назад

Amazing 👏

@MrBrewman95 2 года назад

👏

@AlexanderSagal 3 года назад

Dude is giving Phillip Rivers a run for his money. 12 kids?!? WHOA!

@TheSmartLawyer 2 года назад

Guy sounds dishonest. Very hard to have $800k in mutual funds in a retirement account at age 43, much less with just a high school degree and starting out with nothing. Only with maxing out sep for many years. Compounding in mutual funds to that amount even in maxed out 401k rough, especially most of the high priced junk 401ks offered by so many companies. And with just a traditional ira forget it!

@fauxbro1983 3 года назад

I would say "the game" is heavily built to part Americans from thier money. Dave definitely help me break the cycle of wreckless spending

@barbieblue3336 3 года назад

Reckless lol

@jayholiday256 3 года назад

Retail therapy, some much awesome stuff out there.

@letty4558 3 года назад

I agree with you. The system justs wants us in this defeatist attitude.

@caribbeanbound8357 3 года назад

@@barbieblue3336 I'm glad you corrected him. For the life of me I couldn't figure out what the message he was trying to convey

@deepfakesforreal9487 3 года назад

The game is definitely rigged. Dave wouldn't understand but if you learn how he got into real estate in the first place, you will probably understand what I mean. Having said that, one can still win (yes, even the Squid Game got a winner) or just keep your head about the water (which is Ok with a good number of people)

@nightfangs2910 3 года назад

I've met people who spend their time and energy fighting the system with every ounce of their being, instead of excepting the system for what it is and finding a way to make it work to your advantage, I think that's what keeps most people from getting ahead, standing and protesting how " unfair" this is that is if they only take that same time and energy and pour it into working on themselves they would finally relieze no one's " out to get them"

@nightfangs2910 2 года назад

@@ADUSN you can do that but the system not going to change, and your life is only going to get harder by trying to use civil disobedience, you can defeat the rule breakers, but you'll never defeat the rule makers

@Takar100 3 года назад

I really do think that optimism breeds success, and pessimism breeds failure.

@JustinCase780 3 года назад

Big time in all aspects of life and it's contagious energy that keeps one healthy. It's amazingly true and to remember every day. Also, take a minute every day to lift somebody else up with optimism.

@Devinfrbs 3 года назад

And in his case, it breeds children. Edit: I re-read my comment and note that I meant him having children not.... you know... the other way.

@nathanshannon7974 3 года назад

You get what you focus on

@duanejackson6718 3 года назад

A bank account can be empty but it's never full.

@jasonstevens6877 2 года назад

Ed Mylett talks a lot about the reticular activating system and how powerful it is to your success. It’s the same reason you start seeing blue cars everywhere after you buy a blue car. If you train your brain to see opportunity, you will see opportunity. If you train it to only look for the negative, you’ll only see the negative.

@jimhandler1129 3 года назад

Did it! Sure it took 30 years, but I invested from the day of my first job. At 16 years of age I saved 70 % of my paycheck.

@waterheaterservices 3 года назад

EXCELLENT

@markwhittaker6866 3 года назад

Outstanding. Absolutely well done. Enjoy continued success.

@sarahscroggins2793 3 года назад

Proverbs 23:4 Do not weary yourself [with the overwhelming desire] to gain wealth; Cease from your own understanding of it.

@JS-sv4ol 3 года назад

Woahhhh 😮

@sootherelax2802 2 года назад

I watched this video 2 years ago. And it came up again. It has changed my life!

@PiXimperfect 2 года назад

11 kids? 12th incoming? WOAH! That was a shock, haha.

@darrelllee2107 2 года назад

Yeah! That even shocked Dave! LOL

@Jonezysmusiccentral 2 года назад

11 kids? I don’t even want one lol

@Clauds71 8 месяцев назад

😂

@jtthebrick3 3 года назад

Tim: “We have 11 kids” Dave: “whoaaaaaaaaaaa!” *Antonio Cromartie has entered the chat*

@FatherAndTeacherTV 3 года назад

I'm glad that Dave Ramsey speaks on this. This really can give people hope if they stop giving in to the belief that says that they can never be financially successful without being a certain skin color or have a specific background.

@deepfakesforreal9487 3 года назад

Easier said than done. You will definitely have a huge steep curve to climb if you come from a poor family or worse a broken one!

@FatherAndTeacherTV 2 года назад

@Johnnie Mae True that!

@BlackMuslimConservative 2 года назад

@@deepfakesforreal9487 Again, a lot of it has to do with mentalities -- both of you and those around you.

@markg999 3 года назад

It's not rocket science it starts with living below your means and Investing. Do that you'll do well financially 99% of the time.

@tomf9292 2 года назад

Millionaire here Dave… blue collar workers who spends less than we earn. ZERO inheritance. HS grad. I borrowed some to buy RE but paid off quickly.

@mykkyy2007 3 года назад

I am an African immigrant and a millionaire, and yes, I had some lost opportunities due to race! I agree with Dave, but don't just ignore the experience you've never had!

@Gregarious3 3 года назад

I was blocked from a night time custodian job because the district was built up by white peoples and the were going to hire black. There was still very few black people in the city so had to get one from 25 miles away. I wanted the job to do daytime college, one or 2 class at a time due to how I learn. Like you, I did fine getting blocked due to my race.

@mykkyy2007 3 года назад

@@Gregarious3 Then you should understand why a society cannot be efficient if a group of people is subjected to the extremes in order to "make it."

@ladysparkle6784 3 года назад

My husband lost an opportunity to work on the city’s police department because he is white and they had to hire minorities. He didn’t let that get in his way he just applied to several law enforcement offices until he got hired.

@mykkyy2007 3 года назад

@@ladysparkle6784 This is why America is struggling with race relations. Everyone has a struggle, but don't justify your struggle by diminishing others. Good, deal with your struggles as you wish and move on...not everyone has to follow your resolution path😷

@PN-ve9lf 3 года назад

I hear you brother, same here. But my resolve didn't waver. Graduated college, best decision ever.

@arigutman 3 года назад

Developing a millionaire mindset or wealth mindset is the first and single handily most crucial step to obtaining wealth… the game isn’t rigged, people are just thinking with a poor man’s or victim mentality, 🙏🏼 thank you for sharing truthfully the fundamental problem with the vast majority of humanity!

@Corkfish1 3 года назад

All you need to do is throw a few hundred dollars a month in an index fund starting in your 20s and by the time you're in your 60s you're a millionaire. I was actually surprised how easy it was.

@lukesolsbery9760 3 года назад

A tip of my hat to the caller, I truly wish that I had received such a message when I was 23. I was unfortunately living the mindset previously described and thus didn't seek improvement for myself. One the up side I changed that all last summer when I turned 40. I still believe that I can achieve this goal as a restaurant manager. Thank you for the sound advice. In my narrow scope of investing I am finding that it is in large part a morale/mindset game. I had thought it purely mathematic before exploring this life. I've cleared all debt, have my emergency, and am investing short term with the intention of investing in the place I work. I wish a great deal of success to be had for all those watching your material.

@lynnebucher6537 3 года назад

You can turn this around. I only had about $50K in retirement savings when I was divorced at age 44. I knuckled down and started saving 30-35% of gross pay, mostly in pretax accounts, and retired at age 59 as a millionaire with no debt.

@lukesolsbery9760 3 года назад

@@lynnebucher6537 Well played. I thank you for the encouragement. I fully intend to find myself in your position and will continue to work hard toward that goal.

@Je.rone_ 3 года назад

Building wealth is simpler than many people realize

@JA-zh5xi 2 года назад

So true! The system isn’t rigged. The system is complex and requires this thing called intelligence, hard work and perseverance- many people lack at least one of the three. Those that have all three usually do well.

@Damon-qt3fw 2 года назад

It's a game. We just need to play it wisely.

@racerx6 3 года назад

A million dollars in 1970 was a lot of money. You would need to have approximately six millions today to equal that 1970 amount. A million dollars today is not a lot of money.

@jaynelson6228 3 года назад

It's the idea, not the number. A million may not be much, but most are nowhere close

@Sandiego61999 3 года назад

I think Dave’s got a video about people who say a million isn’t that much anymore. Pretty sure the point was it’s still a million more than 0. Can’t wait to have my first million

@dpeagles Год назад

Sure. Whatever excuse you have to make.

@racerx6 Год назад

@@dpeagles no excuses, it is the truth! Having 1 million dollars today is still a tidy sum. I grew up in the 1970’s, so a million dollars back then was worth a lot more back then too. A house could still be bought for $50,000….in Los Angeles!

@kaizenborntowin 3 года назад

6:30 Guy has eleven children and still became a millionaire! Whoa!

@fireseeker4him 3 года назад

For people who think most millionaires have inherited their wealth, where do they think the benefactor got their money?

@waterheaterservices 3 года назад

Good point

@chrisharris4223 2 года назад

Great video. My wife and I are 42 and are on paper millionaires just about. We have always worked extremely hard. We have inherited approx £60k in the past altogether. I bought a house early which helped us and my wife has an excellent company pension, my pension is growing and we maintain additional investments. I intend to save like crazy for the next 10 years and retire asap before the kids get too old.

@estyria5961 3 года назад

Eleven kids... wow. Some people got what it takes to handle that many, and I'm not one of them xD

@insideoutsideupsidedown2218 3 года назад

When it is a close knit family, mom and dad have 11 incomes working under their roof

@TheChromelover 3 года назад

Since he has 11 kids, I’d say his pull out game is weak.

@Rod_91ks 3 года назад

12 kids!! Almost gave me a panic attack lol

@philipgerry5228 3 года назад

12 kids will be very expensive.

@markwhittaker6866 3 года назад

😂😂😂😂😂

@tortoisehead30 3 года назад

People parrot the lies on Twitter and get a very large following that agrees the lies. It's really unfortunate.

@Belizean205 2 года назад

Thank you Dave for what you do and have done. I am in a better situation in 3yrs vs 10 years trying it on normal.

@billvigus3719 2 года назад

Step 1: Have 12 kids Step 2: Become a millionaire to afford 12 kids Step 3: Send wife to Bahamas to relax because she's been pregnant for over a decade

@giveme10feet 3 года назад

"You gotta be a millionaire to feed those eleven kids!" - hilarious 😂 and true!

@kheevLAM 3 года назад

Correction, large families are awesome only if you can afford them. Some people are still popping them while living off the govt.

@thetruth5635 3 года назад

Woke up to this this is amazing!!

@chrisklappich5998 3 года назад

Have you ever posted the actual study anywhere? Your website has a press release and a summary with no actual study.

@Azel247 3 года назад

35 YO, 700k real estate 450k ETFs. No inheritance. Bought a home with 120k down, mortgaged 280k and the home grew to 700k over 10 years. Invested steadily in index ETFs and the value has doubled. Hope to reach 1 mil in cash by 40 YO. Job is registered nurse.

@waterheaterservices 3 года назад

EXCELLENT

@JustinCase780 3 года назад

Papa Dave's shirt had me at hello.

@jeanlenor1858 3 года назад

Where is the rest of the video?

@AustinBWH 3 года назад

Good for that guy 12 Kids and still did it!

@DiaJasin 3 года назад

@@paulsmith2279 poor woman? Wasn't it her choice too?

@Joe-jc5ol 3 года назад

Her job is a full time pregnant woman.

@TheChromelover 3 года назад

His pull out game must be weak.

@minervagalvez4748 3 года назад

You Can Become a Millionaire!!! If you can't YOU ARE THE ONLY ONE WHO CAN CHANGE THAT!!! BY FIRST THINKING YOU CAN BE A MILLIONAIRE 💰💰💰!!!

@mandysimmons2769 3 года назад

Dave doesn't say Whoah that many times in a call very often. I could feed and clothes 12 kids but not sure I could send em all to college. I guess they can. I say yikes...blessed.

@adamreynolds2632 3 года назад

Love millionaire theme hour!

@FOhlookajew 3 года назад

Awh Dave! Switching up the outfit, love it! 😅

@laterabrown-mcphee375 3 года назад

Lol

@alinatamashevich3354 3 года назад

He is moving, Sharon is culling his closet. He has to wear it or she donates it.

@ianpatrick23 8 месяцев назад

Absolutely love this message

@andrerodriguez7603 3 года назад

I worked part time jobs all my life. I didn’t work a full time job (40K a year) till I was 54. Got laid off at 63. I took all my 92K (401K) plus my IRA 60K and bought 100% of Tesla stock. 2-1/2 years later I’m at 1.764 million. Research in stocks, and past mistakes in stocks taught me not to listen to Nay Sayers. I’m holding long for at least 6 more years. Tesla will be a trillion dollar company by that time, since there will be no real competition till 2030. Only Chinese EV makers will be competition to Tesla before that time. Tesla and China will dominate the EV sector in the future. Still time to invest in Tesla. After it gets to 1200 per share again in 2022, it will do another 5-1 split. Than back to 600 a share by 2023.

@PInk77W1 3 года назад

How do I buy Tesla stock ? I’m 60 have zero debt and my home paid. I have $30k n the bank and Make $54k with no bills other than food and utilities. I have no clue how to buy stock

@timclark4195 2 года назад

Be very careful. It's not just Chinese - BMW, VW, Mercedes etc are not far behind Tesla at all. They're a lot bigger than Tesla though. They will be real competition for Tesla by NEXT YEAR, not 2030. Tesla stock relies on more than just the American Market. You've done well so far it seems, but I doubt it's the right time for others to follow, that ship has sailed.

@aoropeza85 2 года назад

The truth shall set you free

@em34ev3r 9 месяцев назад

Caller: We have a 11 kids Ramsey: WHOA!!! 🤣🤣🤣🤣🤣

@cowboyroper9442 2 года назад

I just crossed the millionaire threshold. I did it almost entirely with debt. My formula was to buy a house, live in it for a few years, turn it into a rental and have the tenants pay down the mortgage. I owned four houses altogether. I cashed out on them after about ten years and reinvested the profit in my next house. Today I live in an $800k home and owe $30k in total debt.

@jvolstad 3 года назад

I want more of those funny Federal Reserve Notes.

@vintagestereocollector4159 3 года назад

Stay away from a lot of bills and you’ll be a millionaire

@gerauderren384 2 года назад

I don't have kids. I don't want any. And that's that.

@darex0827 3 года назад

The system is out to get you. To succeed, you need to see the deceit of the have everything now credit card, car loan, and finance everything pushed by corporations etc. Play the long game, let everyone else fail miserably and complain about it in "retirement".

@codygordon59 3 года назад

If you have to be 180 before you are a millionaire what's the point.

@fourseasonsofbliss5117 3 года назад

💯 true We support you 💯 Thank you Jon

@strangesmoke9147 3 года назад

Boomers didn't have to deal with the living cost issues that millenials have.

@saraw112 2 года назад

This is SO TRUE!!!!!!!!!!!!!!!

@andrewblocher9110 2 года назад

There’s actually a very even distribution of income among millionaires. I’m not including people who make millions per year and have massive amounts of debt. I’m talking about out right ownership value and liquid capital. The story of the guy who was worth more than 10 million when he died and never had above a minimum wage job… guys it’s not about the game being rigged, it’s about your strategy while playing.

@CurserTV 3 года назад

I prefer him over Suze Orman

@andrem1238 3 года назад

What about Greg Orman?

@inertiaforce7846 3 года назад

By far.

@JustinCase780 3 года назад

What about Greg Norman?

@insideoutsideupsidedown2218 3 года назад

Who?

@andrem1238 3 года назад

@@JustinCase780 i agree, would not mind having a few drinks and golfing with Greg Norman

@breezybre2670 Год назад

We are forced to put 15% of our income into our federally insured government pension. This means we will have 70% of our current salary until both of us are dead. The problem is there is no lump sum option and so we can't count this in our net worth . It is very hard to put another 15% in our own investments....because after tithe and pension, 25% of our pay is gone. That said we are 39 and 40 and pushing for millionaire by 40 by paying off our house and investing some.

@chadwiley6917 2 года назад

I hear this word or phrase "victim role" or "victim mentality state". I don't understand it. Could someone explain it to me?

@mikeshaw4610 3 года назад

Dave, there is a lot of conservatives that also believe the normal person can not become a millionaire. I know plenty of they. There just not willing to listen to the truth is it is different than there belief.

@KudaFamily 2 года назад

6:11 what’s your advice to the 23 year old listening, can he do it? “Yes he should have done it 20 years ago..” when he was 3? Lol

@DaveM-FFB 3 года назад

Ignoring the landmines won't make them disappear. Fact - the "system" heavily favors real estate investors and small business owners over the hard working employee. If you really want financial freedom, you should consider one or both of those paths, at least as a side gig.

@DaveM-FFB 3 года назад

@@calg7955 No - to the contrary. I'm saying that landlords and small business owners are much more likely to achieve financial freedom than W2 employees who work just as hard. Real estate investors and business owners have unlimited income potential, while employees are limited in exchanging their time for money. Also, tax laws favor landlords and business owners over employees as well.

@insideoutsideupsidedown2218 3 года назад

@@DaveM-FFB landlords have unlimited income potential? March 2020 has entered the chat:

@DaveM-FFB 3 года назад

@@insideoutsideupsidedown2218 There are many ways to be a successful real estate investor. Flip properties, Airbnb, vacation rental, duplex on primary residence, mobile home park, commercial real estate, etc. Some real estate investors did very well during covid, and some didn't. It all depends on demand, and the customer's ability to pay. I had 2 vacation rental properties for several years. I received all payments months in advance, and never had a bounced check.

@ryankiel4895 3 года назад

I want to invest in real estate when I get my mortgage completely paid, but I don't know where to start. It will take me about six years to save 50 grand after my mortgage is gone to pay cash for an auctioned rental property. I do not know anything about the business, but I want the tax write advantages and cash flow from rent.

@DaveM-FFB 3 года назад

@@insideoutsideupsidedown2218 I'm just saying that every time I hear the profile of a financially free millionaire, they are almost always a small business owner and/or a real estate investor. Although sometimes they are a highly compensated independent contractor (technically a small business owner). Almost never a W2 employee with no "business or side gigs". Tony Robbins says "find people who achieved what you want to achieve, and copy what they did". That's what worked for me.

@printedprops8730 Год назад

Most people that inherit money, spend it on stupid stuff and lose it because of lacl of financial education. People dont appreciate what they did not pay for/earn.

@ryankane9208 3 года назад

Interesting how the first call was so perfect. ???

@yungprototype 3 года назад

The BST program lol I’m still in that program

@Globerson 2 года назад

12 kids!? You literally have to own 2 3 row vehicles to go anywhere together. Even that’s a squeeze.

@duneme 3 года назад

My guess, “Your always going to have a Car Payment!” (There are a lot of people that believe this!)

@alinatamashevich3354 3 года назад

People love their payments more than their cars!

@duneme 3 года назад

@@alinatamashevich3354 I think your right! People just seem to LOVE that payment!

@cowboyroper9442 2 года назад

I wonder if they screen calls to get people to say they became millionaires without debt. Everyone I know who is a real estate investor uses debt. It’s called leveraging and it is absolutely a way to build wealth.

@dpeagles Год назад

That is how Dave got here. He was leveraging debt to buy real estate. He lost it all when things went sideways which does happen. 2008 comes to mind. Debt is a risk. Sometimes you win, sometimes you lose ...big.

@jimroscovius 4 месяца назад

Quote from Groucho Marx - "I like my cigar too, but I take it out sometimes."

@kaizenborntowin 2 года назад

Thank you Dave!

@jleightonj1688 2 года назад

I wonder what percentage of millionaires surveyed had a relative or personally knew someone who is a millionaire.

@sarahscroggins2793 3 года назад

Proverbs 23:40 Don’t wear yourself out trying to get rich. Be wise enough to know when to quit.

@DaveM-FFB 3 года назад

They say: "Get a good job. Save and invest 15%. Minimize or eliminate debt. And become a millionaire." Maybe, by age 65 - if you start at age 25, and sacrifice greatly. OR you can do what most millionaires do (including this caller) - accelerate the process with real estate investing and/or small business ownership.

@Weakeyedominant 3 года назад

If you can clear your mortgage debt young by not borrowing a bucket load that you will spend 30 years paying off you can definitely build considerable wealth. I know there are a lot of real estate investors who over stretched borrowing house after house and ended up loosing it all when the rent stopped coming in and houses ended up trashed through awful tenants.

@DaveM-FFB 3 года назад

@@Weakeyedominant I used to worry about having bad tenants when I had two vacation rental condos. But in hindsight, I never had a bad tenant. I guess it depends a lot on rental cost, location, etc.

@KinkyKoilyKayla 3 года назад

Dave’s whoa made me burst out laughing 😂😂 11 kids with one on the way 😳

@3of11 3 года назад

Hey that’s like $40,000+ in tax credits this year!

@TheChromelover 3 года назад

His pull out game must be weak.

@miketracy9256 2 года назад

Anyone working for 40 to 50 years like we and all of our friends did, living on 80% of their income and investing 10% and gifting 10%, will always become millioniares, even with taxable income well below the median.

@joea9222 3 года назад

Tell that to the insider traders in congress

@jeffjoiner8811 3 года назад

Please link the research, you talk like it is a scientifically irrefutable study, yet no one has ever been able to read the methods or statistical analysis.

@libertarian4323 2 года назад

Dave Ramsey isn't doing cutting edge research here. There have been plenty of studies with similar findings. I would posit that their EDM book is little more than a rehash of "The Millionaire Next Door" that came out more than 25 years ago (and similar books). Financial and wealth management firms have come to similar conclusions for decades.

@thomasflanagan505 2 года назад

12 Kids and still out of Debt and worth $2.4million.... I'm never complaining about my personal expenses again...

@kingdavid7710 3 года назад

Not true, There's plenty of people who have ran up against "the game" or "the system" and still have become successful. They inherited opportunity!

@cityboy2738 3 года назад

The power of manifestation is amazing try it he’s preaching truth

@mikebayless4268 3 года назад

Families with money have an advantage... they can help their children pay for college, home down payment, weddings and possibly working for a family business! So yes not all of them inherit money but they do receive money or assistance throughout their lives!

@donaldlyons17 3 года назад

Your quote is only fair and some receive assistance to get better jobs if they inherited nothing too. There are way to many people who are old who do not even have a million in liquid assets by the time they die. Something must be up.

@CytotoxicTrev 3 года назад

Yes. Vehicles too.

@marcusrick3928 3 года назад

Agreed. It sure is a heck of a lot easier when the family has wealth.

@dpeagles Год назад

Always excuses

@miketracy9256 2 года назад

11 kids. That is impressive and wonder if they are LDS?

@chazzkramer7676 11 месяцев назад

"The world is full of kings and queens who blind your eyes and steal your dreams" - Ronnie James Dio

@Klatubarada1979 2 года назад

Spot on.

@moshammadhawaakter4866 2 года назад

Excellent!!!

@gureno19 3 года назад

12 kids! No wonder he needs that much realestate!

@travelnurseadventures3225 3 года назад

Graduated with “ThankYouLordy” lol

@larryrichards6099 3 года назад

But these people have/had good paying jobs, NOT the norm for most people. Yeah, if I made a quarter million a year, I'd probably be a millionaire too with some savvy money management. But this is far from the norm for most people.

@midkort 3 года назад

Here's the interesting thing. If you keep WAITING for millionaire status to become the norm, what happens is that by the time millionaire status becomes the norm, you'll probably be saying this very same thing about the next level up from millionaire status - that cycle never ends. You mention a quarter million as if the money just grows on trees in their backyard. By the way, a high income does not equal high net worth; athletes blow their money and make the news quite often.

@lynnebucher6537 3 года назад

I worked my entire career to get up to high 5 figures. Still managed to become a millionaire in my late 50s. Good old fashioned careful spending, regular saving and avoiding debt are the key.

@CryptoDad83 3 года назад

12 kids. What a bossman. Congrats to you and your family! 🙏

@miketheyunggod2534 2 года назад

You don't pay taxes on debt and the interest is tax deductible.

@user-fp8xc8lf3f 2 года назад

You are very smart

@TheDan233 4 месяца назад

12 kids is a lot… Although I have heard it gets cheaper by the dozen.

@JohnDoe-gc1kt 3 года назад

Dave with all due respect you don't work for corporate America. You can't say the game isn't rigged when you're an entrepreneur and business owner. For the average every day employee the system is rigged. That doesn't mean its impossible. It take a lot of discipline but that doesn't mean it isn't rigged.

@soundsofnature7790 3 года назад

Pretty genius really. Convince people they can't beat you so they never try 🤷 How To Stay On Top 101

@vintagestereocollector4159 3 года назад

Buying expensive house ,cars shopping,eating out ,utility bills credit cards,vacations,Gasoline,movie theaters,casino,school loans ,Personal loans Etc.This will put you in Debts forever and it will affect your health.Lots of people in United States in huge huge Debts because they wanna feel rich Sad!because they never Contended.sad!sad!