These Millionaire Stats Make People SO ANGRY! - Dave Ramsey Rant
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- Опубликовано: 23 дек 2024
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Accept Jesus Christ as your Lord and Savior and you will be saved. John 3:16 (share the good news of the gospel around the world!) Have a wonderful day/night, may the LORD bless you all, and farewell!,.,,,,,,.,,..,.,
Haha this was one of the few recent Dave Ramsey videos that I actually enjoyed and LOL’d at
Has Ramsey ever actually released the data from his study, or do we just have to go on his hearsay?
@@Michael-vf2mw you can literally buy it
Why don’t you continue this study gathering data via your website. You data is on point but getting stale and dated as each day passes.
Discipline makes people mad, who don't have it.
As a nurse, I often wonder why doctors and nurses aren’t millionaires… then I look around me in the parking garage.
Exactly! I'm a male nurse doing quite well, on my way to millionaire status, but most of my colleagues take multiple vacations a year, are always eating out and have huge car payments. They also complain about not having any money.!
Funny enough, one of the worst careers for people who build wealth is…
*DOCTOR.*
Yep. I traveled and enjoyed my work too. But I was not investing. Perhaps I could have done back then.
This is a great comment! I would say that it applies to ANY job. I can tell you that at my workplace, most of the people who make considerably less than I have much nicer cars than mine. I drive a beater by choice. The guy who works next to me has a BEAUTIFUL car but is so worried about driving it (he literally won't drive it if it rains) he got ANOTHER car to daily drive. Double the bills LOL!
@@franko8572
They have a lot of school loans
My wife had no school loan and we’re frugal (she’s a doctor) most of her classmates are Asians and no school loans and savers
It's 90% discipline and 10% knowledge. Like Dave says. You need a big "why".
no, its 85% spendable, 15% to savings LOL
Yep
Facts
When people ask what I learned in college the #1 thing is discipline. And that carried through to my personal financial management. As an engineer mid-career (and a millionaire), that is why I think engineers are #1 on this list. Not that other professions don’t learn discipline, it is just with engineering it is so vital to graduate.
As a retired systems engineer who worked hard all my life and lived within my means… I totally agree! I retired at age 58 with several million in savings and assets and now enjoy a comfortable retirement. Paid for my kids education, weddings… but avoided the temptations of McMansion house, vacation home, new car every few years, latest tech toys, lavish vacations… Living within your means is key to having the money to save and invest for the future.
that’s great, but the cost of living is skyrocketing past incomes, it can still be done, but it won’t yield the same returns
Great job 👍🏼
Hopefully you can bring yourself to enjoy spending some of that.
My husband is a systems engineer. He is the best. We are trying to live like that. Avoid the mcmansions and be able to pay for our Kiddos college and wedding. We are on our way out of all debt except the house. Baby step 6 and investing aggressively. I hope we can get there. 20 yrs to retirement
Sad that things are so overpriced that you have to wait until you’re almost dead to do anything enjoyable
Quit HS in 12th grade, spent 8 years in navy, became technician and worked(read) my way to engineering manager position for an international company (never obtained degree). Retired at 62 with 1.5 million & zero debt. Now 10 yrs later I’m at 1.8 million and zero debt. Living great!
Without the degree the air force, where I work, would not accept your application...period. sad
My grandmother was a single mother and taught her entire career. She retired with a net worth of 2.1million. If you would have seen her you would have never thought she had any money. She was so disciplined!
Maybe too discipled
@@Jane5720 discipled ? she should have disciples >
@@maximumwoof8662 Bazinga! Well played !
Sure she did
Thats how I feel when I walk thru my neighborhood, I see all these expensive cars in the driveways because people keep their expensive toys in the garage and can't part their new car inside. I'm pretty sure all my neighbors think I'm flat broke, I live in one of the smaller homes, don't own a car, normally wear an old tee shirt and shorts. they literally have no idea..... and I'm honestly ok with that.
I think when the average broke person hears "millionaire" he pictures a guy in a silk suit, driving a luxury car, and a $1mil+ house. Thats the deceptive image a lot of people have.
I try to explain that to people but it's no use If you have $5 million dollars you are secure, but you aren't wealthy. Heck even with $10 million you aren't driving your Ferrari to your private plane.
Exactly.
@@blackworldtraveler3711 that's not the definition of wealthy. That's the definition of being comfortable.
@@monikabennett
It's wealthy.
Just not stupid hung up on material things.
Not buying a Ferrari. I don’t need to impress anyone.
@@Corkfish1 10mil u can for sure drive a ferrari, just not a private jet lol
What makes you a millionaire isn't how much money you earn, it's what you DO with your money after you earn it.
@john Smith You are very anti-Dave Ramsey (obvious in multiple comments you've made) So why are you even here?
@Town Crazy oh noooooooo, u dont work for money entire life, u startoff working for money, then let the money work for u, read rich dad poor dad please
@john Smith What is your answer? And where do I find your RUclips channel?
@marks90004 Dave has stated many times in his videos that he is teaching how to become a millionaire, not a billionaire. Since most people will never be millionaires I guess he is preaching to most people.
@john Smith You are insulted when I seek your wisdom?
I’m not a millionaire, but close. I did it all on a hourly wage as a HVAC tech. Raise four kids and sent all four to two years of college. How you ask how; I knew to live frugally, saved regularly and the magic of compound interest starting at a young age.
I love to hear it. You should be proud.
Brilliant, drive the cars longer. Then Jamaica will call you, good timess ahead.
As a financial planner I can confirm that my engineer clients don't let emotions get in the way of their logic
I wonder why we are logical like Spock ?
This is true I am one
While recently dirving, I heard this again, engineer, accountant, teacher, attorney, very few from VP ranks/Corporate managment, he said.
Exactly ❤❤❤
@@DanTheManIOMthat makes perfect sense, there are, comparatively, very few of each of those in comparison to professions like teacher, engineer, doctor, lawyer or accountant and such. That is one of the faults of this study is that it does not normalize the data to look at all things in an equal way.
About 20 years ago I decided to add up ever asset my hubby and I had. We were shocked to find out we were millionaires. He was a blue collar guy and I was a pink collar worker. No college. No inheritance. We took inexpensive vacations every year. We started saving when we were in our early twenties and kept on saving what we could. We retired wealthy and happy.
shouldn't it be every asset WE had ? the two become one flesh...
With or without friends???
@@maximumwoof8662 Oops. I’ll correct that. 😜
@@nervotica7991 Both.
So happy for you! Please share your experience with young people. They need to hear that.
Aeronautical engineer. Paid my own way through college. Debt free at 29. Millionaire at 36 (net). No inheritance, parents are still alive, and yes, I love my job.
Life sounds good for.
Many congratulations.
Many space cadets chime in on Dave's channel. Where is Saul?
Way to go! Thanks for dropping a comment. Maybe convince Elon that chemical rockets aren't the key to making humans a mulitplanetary species? 😉 Cough, warp drive...
@@AustinDashes Haha, don't need a warp drive to travel between the solar system. Plus, even though we figured out how to bend space-time, we don't have the power to properly do it.
@@alinatamashevich3354 Sounds like one of the "Commenters" Dave was talking about...
Beware of little expenses; a small leak will sink a great ship.
Yuppers like all those monthly subscriptions lol.
@@Retiredmco pirated websites is the way to go
@@samysamy566 ROFDLMAO
Oh yeah 😎
well said
When I was 25 years old as an enlisted military member, I was reading a Kiplinger's magazine of how much you would have to save and for how long in order to become a millionaire. It was at that moment, I decided to save ...save ..save. Even after divorce and financial reset, I kept at it and am living a debt free lifestyle with CHOICES...brand new truck paid in cash...paid off house...investing $4500 a month and taking several vacations a year with ZERO DEBT..... YOU CAN DO IT TOO !!!
Lol I’m debt free at 25 and military teach me
the brand new truck is borderline retarted!..but its your money!
Yup! Learned my financial stuff from Kiplinger and Money Mag...did the same thing...just live within my means and actually being able to buy stuff that I really wanted - with no debt or agony about making that purchase because it all takes care of itself. God is Good!
@@metalrooves3651 not if your pay cash an keep it boneheaded….take care of your huge bet an put your phone own for two minutes a ay an wake up.
@@bluewtr run that by me again!
I'm a retire researcher, teacher and I'm impressed that you collected 10,000 subjects for your study. That's amazing!
Proud to say my husband is a physician and I'm a nurse. Now before you say "oh well he is a dr". And? Most drs we know are drowning in debt. Its not about how much you make per say. We reached a M'naire net worth very early in our marriage when we started with great debt.
Sacrifice, work hard to get rid of debt, live BELOW your means, and invest!
Ikr ,many MBAs lawyers doctors or even businessness owners make a lot of money or have w high annual income but they're in debt so they have an overall negative net worth
More of us nurses should be on that millionaire list. Great job to you and your hubby!
@@calinursingable I absolutely agree with you! And, thank you! We have worked together to get where we are. It's a team effort no matter your income. One can drag you down or raise you up (financially, emotionally, etc.).
In other words, follow the DR baby steps!!!
Personal finance is a taboo topic for a lot of people. If you acknowledge there's something you could do, you're also admitting to some culpability for your situation.
Yes, this is something that I wonder the most about. Everybody needs money, everybody has some money to manage. Why are the most people not even able to talk about the simplest steps that can be made… A closed heart will not be able to hear. But why are so many not even asking themselves what they can do? It has to be the victim mentality. I witness the learned helplessness a lot in my teacher profession. And I see it in almost every person around me in the topic of money. They do not talk about it. They will miss a lot.
Well said Ben!
Dave has lots of love - mostly tough love. But it is important to get one's financial priorities straight. Wishful thinking and vague hopes don't accomplish anything on their own.
Accountability is kryptonite -Kevin samuels
Exactly! It's easier to blame the "system.". Absolves them of personal responsibility.
If only people would just take the time to learn this stuff instead of crying on social media.
If they spent half as much time working as they do whining and complaining then their problems wouldn’t even be there.
i guess im a bit of hypocrite here as youtube comments is kinda social media... but social media is a cancer. An addictive cancer thats killing our joy and motivation.
Yup lots of babies
@@plantface510 so wrong the key is the formula work hard and not complain in the wrong formula you will never be wealthy. That is how generations change.
There is lots of admiration and pity to be had in circle suffering prettily and the shameless ones even get donations out of it
My husband and I have lived on 70% of what we make, regardless of how much our income grew. We are 60, married 40 years and have been millionaires since our late 30's.
I am an Engineer 62 years old. I came to United States as an immigrant with no assets or support in 1986. I brought $20 with me. I have sent money back home for supporting rest of the family since then. I am a millionaire many times over with $5 million net worth. . Just started making six figures recently. My wife has never made six figures but mostly worked. I achieved it mainly due to savings and investments in real estate and stock markets mostly in real estate. Yes, I have 2 kids I sent to college without any student loans..
Interesting talk show. Engineering teaches you to apply Math, Economics and logic to investing and not to invest with emotions.
Only 50% of doctors are millionaires according to Physicians financial websites despite of their extremely high incomes.
Sometimes people don’t like hearing the truth. Facts hurt sometimes
Yeah! Reminds me of that movie moment (from "A Few Good Men"): "You can't handle the truth!" 👍
you summarized politics and how brains work.
Facts hurt in a time of emotions prevailing.
@@OGWanderingNomad emotions have always prevailed, that's how humans work.
@john Smith better than any other study out there. Which one are you going off of?
"If you read comments on posts like this, you understand why some species eat their young." ~Dave Ramsey
He isn't wrong.
@@xrunner55 I love it
Took the air out of my lungs 🤣🤣
He stole this quote from the famous comedian Rodney Dangerfield in the classic movie “Caddy Shack”
@@michaeljohnson2922 internet existed back then with comments under posts?
Hah, I'm a teacher, but I'm not going to argue. We are all about learning. I'm going to pay attention and make myself a millionaire!
YES!!!!!!!
I am a plumber and I feel the same way....race you to a million?
You're all about learning? 😄😄😄😄😆😆😆😄😄😄😆😆😄😆😆😄
@@stephenshelton4267 why is that funny
That’s all you Gotta do.
There are a lot of miserable people in the world, who want everyone else to be just as miserable as they are.
Period.
Tis true. Worth 2 million, no debts, a good teacher's pension, and retired at 58! Loved teaching for 32 years. 😊
My dad it in an assistant principal salary. Retired at 58 as well
It helps too that rent did not take up as much income as it does today. Same with cars, hell anything
Oh so you’re one of the overpaid babysitters who has contributed to the declining performance and their arrested development over the past generation
@@WoodyJ98 Are you in a studio apartment? Are you voting for those who won't raise taxes on your landlord, the land, products, or businesses so the buyer has to pay more? Do you eat at home cheaply? Do you know how to find free fun ways to grow and live life? There are still things you can do especially if you live in the United States and have a great job like being a teacher that does pay well. If you're an American you're a 1% by world wealth and people need to understand that fact! Look at those in Burundi Africa working full time only to make about $5 bucks a week so they can simply eat beans and rice in a muddy hut "if" they are lucky. Be thankful and see all the places you're spending too much. 30 years ago people didn't buy cell phones and now you don't need the newest one or a plan that costs over 25 a month. There are sooo many ways to live affordably if you are humble and willing to sacrifice till you no longer need to. Live below your means and you won't have to. There are fools living like millionaires drinking Starbucks everyday spending thousands a year on just coffee, that's just foolishness and it doesn't matter that we have a Democrat economy right now where they raise taxes on the poor (literally increased state gas taxes in Illinois) and pretend like it's to help us when it literally helped us into beans and rice and that's just the way it is. Things are the way they are, but that doesn't mean we can't do better, and it starts by not spreading the victim narrative. 7:45 Did you watch the video?
I always told my kids when they were teens that “self inflicted wounds hurt the most”…. We all can trip, we can stand up after we trip and move on! Love your show, Mr. Ramsey!
Great quote! Will share with my kids. Thanks 😊
heard a couple more that always stick with me:
you regret what you don't do more than what you do.
so wise choosing is key ......
also, the perception of half glass full vs half empty is a false one; remember you can fill the glass ...
of course, it is up to you to be able to have the stuff to fill the glass
I'm a registered nurse that will be a millionaire! I'm on my debt free journey now. As you stated it's all about behavior and you're right educators can do it too!!
Single?
@@droolalot5795 LOL but nurses probably don't like droolers. 😅
@@KathyAZ but I don't drool a little
🌟
sure as long as the people around them arent draining them dry
I did Engineering. one aspect of engineering is being able to plan ahead. works for money too.
I agree. It takes a lot of discipline to get through all the tough engineering classes. Engineers are trained to think logically and with long term planning skills.
How ln earth d'o you "plan ahead"?
I grew up poor as a child and I always had people telling me I couldn’t afford certain things and I’d never be able to.
The negativity made me want to strive to prove these people wrong, and I have.
In a hopeless world, you have to create your own sense of hope and fight for that every day. Living hopeless isn’t living at all.
I am not a victim, I came into this world with a disability and I am a very strong and happy person.
Engineers are logical, planners and good with math. It doesn't surprise me that many of us purposely live within our means.
My husband is a CE and I totally agree.
@Sarge Rattlesnake Hmm, sort of a vast generalization, but I'll somewhat agree.
@Sarge Rattlesnake also, most engineers aren't going to do fun, expensive social things like go to Coachella, take up golf or get a boat big enough for friends. It's less expensive to make space for less people in your life.
Agree. My uncle is an engineer. He makes good money but lives modestly and keeps vehicles a long time.
Tbf, I'm an engineer and mostly socially distant, mostly go straight home after work and then back again. It's a lot easier to save when you don't do anything.
You know who inspired me the most? The guy who mowed yards for a living - not a large landscape guy - just a guy and his mower ... he was on one of the millionaire hours ... impressed the heck out of me and made me realize I was goofing off and making excuses ...
I remember this one and than I started mowing
For me it was a janitor here at Union Public Schools in Tulsa while I was working and going to aerospace school full time. He was married with a great family as well.
Heck if it was 5k years in the future this guy would have been raising my starship out of the swamp using the force.
I’m an engineer who mows his own lawn.
Video Link?
Consistency over time. There is no replacement.
Indeed.
Earlier the better.
My wife and I had nothing in our 401K in 2000. Both turned 40 and started putting money in our 401Ks. Got laid off for 2yrs between 2000 - 2021. Now combined worth over 1.4M. Slow and steady!
Like training a dog or a child.
@@robedmund9948
Already have twelve years of school. Just utilize the reading and math skills you’ve acquired before 7th grade.
At 62 I am right on track to retire very comfortably at 102 .
My wife's grandfather never earned more than $32000 in a year, but retired with just over a million dollars because he was very careful with his money and saved $75 out of every paycheck for 45 years. He grew up during the depression and was terrified of the stock market so all his interest was from cds. He would have been worth several million if he had invested in mutual funds. It isn't about how much you make, it's about being intentional with your income.
My Aunt was a teacher in New York City and she retired a millionaire. She was frugal, lived in the same townhome for over 30+ years and grew a lot of her own food.
My hubby is an engineer, and yes, we have a pretty decent net worth. I used to work in a library. We have been able to retire comfortably because we were frugal, lived below our means and saved and invested through the years. Good video, and I agree with the points here.
Where did you invest?
@@Fman5555 Tesla, dumped my broker.
I've thought that librarians ought to be wealthy - they have access to all sorts of useful information.
Dave speaks the truth. Love him for that.
People now want to be treated as 'victims' to avoid doing the hard work.
You nailed it! When my peers ask me how to get financially free I tell them about the sacrifices they need to make to get started and they usually go full-on victim and make excuses for why it's impossible for them. To achieve what few have they need to be willing to do what few people actually do.
I'm a nurse who teaches. Its a great income with great benefits and easily, we can be millionaires following the baby steps. Thank you, Dave!
12 single family homes with no mortgages...retired teacher...beautiful "stuff"....blessed and winning.Follow the plan..it works.
One of the older fellows at church was a painter and wallpaper hanger. While in the military his folks lost their home and he purchased a row home for them to live in. He and his bride eventually got the home, raised their family, and lived there until old age. He always had a garden and sold tomatoes off his front porch. He and his wife rarely ate out, lived simply, yet we're very generous. He was a millionaire.
That is amazing.
My wife and I made our first investment at age 30 with a $50 a month investment into a growing mutual fund. This was all we could afford, but it made us take notice of where our money was actually going. At the end of the first year we were amazed of how money actually grows. From that point in life, we made every effort to save first, and consume less. We still took vacations, but we budgeted for our standard of living. We retired five years ago debt free. The secret is not earnings, but consumption and priorities. When my daughter started working part time at age 15, we taught her about investing in a Roth IRA. We matched whatever she contributed. She’s now 34 years old and you would be amazed at the value of her Roth IRA. Time and budgeting are the biggest weapons in fighting poverty and working your whole life for the man. Cheers!
I am a nurse and I know nurses are bad managers of money. When I was in nursing school, all I would hear other students say is “I am going to buy a new car when I graduate” or “I am going to buy a new house when I graduate”. I had plans to save my money and buy a used vehicle (since the vehicle I had in school was falling apart). 13 years later, I still have that vehicle and am on the way to a good retirement. I also built a tiny home debt-free. I feel you Dave! I agree. I hope anyone reading this is inspired. YOU CAN DO THIS!
My wife and I taught for 40 years. We lived in a modest home, drove reasonable cars, didn’t do expensive vacations. We started a TSA in the early 80s. We always contributed the max and when we retired it had seven figures. Now we did inherit some wealth, but treated it as an old age, untouchable principal and we were in our mid 50s when we go it. So it did not figure in our quest to be financially independent. If we never inherited a dime we still would have the seven figure account. So here was our strategy. Save as much as possible in the TSA. Get vested in a pension system with health benefits. Treat raises as an opportunity to increase savings. Act as though Social Security would not be there. Never, ever spend principal. Never ever count on what you might get from your parents. It’s not yours and anything else you get is gravey. So Dave is right. If you are a teacher you can become a millionaire. We have many friends who are educators that are wealthy and secure and used the same approach.
Well said!
A decent pension can be worth millions in net worth. I'm sure that's one reason teachers show up on Dave's list. Many teachers (not all) have pensions.
Love to see you guys shoot back at the negativity. Honestly I find it refreshing. Keep to your ethics, techniques, and approach and the benefit will continue for the folks who wish to do the real work required. Thank you!
I met a lady who was a millionaire at 52 while working a $33k/yr job while I was an apprentice.
She now owns two investment properties and a home repair business (buying, renovating and reselling beatup houses) and is now making over $200k/yr and it's still rising steadily.
Anyone can do it if you'd get your head out of the phone and into the game.
“Wants a narrative that declares them a victim “ ….
So True Dave ! Utterly 100%
Agreed. It is like a pity party competition. I think social media has really magnified this phenomenon.
@@coniccinoc The news media helps them spread the pity party as well. Everyday you see articles about these evil millionaires. I’m no where close to being worth a million dollars, but it’s quite sad that they control the narrative.
If these people read “The Millionaire Next Door” instead of “The Communist Manifesto” they would be millionaires too.
Millionaire teacher works too
What about the book, The Millionaire Joshua? I'm now in my 50's and received it when I was a kid in my teens. I skimmed through it when I was a lot younger, but not since! I don't have it in my possession yet but will soon!
I wonder if I'm too old to become a millionaire!?🤔🤷🤦
Sorry for my ramblings 😊
I had a friend that wanted me to read the "communist manifesto" and a book on Marxist. I never read it but I did read millionaire next door.
Read both. 🙏🏾
@@DaisyBnr ah cause "grab em by the ***** is better to you?
My friend who is a teacher was asking me about investments before he was even out of college. Teachers are great planners (the ones I know) and having to budget for the summer probably keeps them money conscious
They constantly whine about being underpaid while doing such a universally terrible job that you can paint with a broad brush without exceptions.
Many teachers spread their salary across a year’s time. The schools will do that for them, which would help…I bet Dave would not like that idea! Also, many go-getter teachers work somewhere else during the summer. 🙂
Interesting. I'm Mr. Interesting. My sister and her husband are both teachers and they're broke lol. In their mid-forties too which is kind of concerning. I will agree they both are good planners... just not with money.
@@stephenshelton4267 Many (not all) teachers are underpaid. What normally makes teachers underpaid is the fact we are on salary and don't punch a timeclock. If you somehow never work at home (ex grading papers, making lesson plans, answering emails, ect...) you can make 25-30 per hour or more depending on the district. Many do work a lot at home which means that not only are they making about 15-20 per hour, but they are also missing out on all that overtime pay that people who punch a timeclock enjoy. Sorry just the facts like Dave just talked about.
My mom is a teacher...there is a savings plan offered that will give you money during the summer...
Currently working on my CPA after 10 months in tax with a respectable firm. The study stating that CPA was number two reaffirms my decision and I’m glad i stood by it. Wishing everyone here success.
Just use what you ve learned as a cpa.
How much does it cost to do the CPA?
Dave Ramsey: "You don't get to negotiate with math!"
Half of America: "That's just like your opinion man!"
Math is rayciss
P loop
Hey well teachers make good money, but maybe their results aren't so good.
Opinions very.
Dude
8 year olds
So tired of hearing about the victim. Everyone is a victim these days.
@eddie munster LOL
Love the term "keyboard warriors" and the message that you don't get to argue with math - this country is drowning in misinformation and "make up your own reality" - thanks for a great clip and common sense
I do maintenance (cleaning bathrooms, emptying garbages and running irrigation) at local parks. Love my job... outside and in the sunshine. I am a millionaire three times over...
Bankrupt at 41. Millionaire at 61. Working as a utility worker. Saved and invested. Used a financial planner. It can be done.
There is a RN on RUclips who does a personal finance vlog trying to get nurses to increase their savings to reach financial independence. She is constantly trashed with trolls saying it can't be done. As a CPA, I finally interjected that her detractors would be better served by asking how she accomplished it rather than telling her that it cannot be done.
My father was a millionaire at retirement working in a non-union factory as a forklift operator. And he sent all five children to Catholic schools and to college.
My dad is a millionaire engineer. He sent his kids to good schools, lived frugally otherwise, and saved. He's a millionaire, has his house totally paid, and has a loving family. He lives the American Dream and anyone can do it.
To be fair, not everyone is intelligent enough to be a professional engineer, and that's simply genetic. However, even with many lower paying jobs than engineer, you can make good choices, save money, and invest. No matter your salary, you are responsible for what you do with it.
@@nicodimus2222 Amen! As a financial planner, I think anyone can be financially independent for the record. See Warren Buffet's story of the millionaire librarian! Yes. The intelligence to be an engineer is mostly genetic. But I'm a believer that anyone, if they make good choices and invest wisely can be a millionaire.
I'm a teacher and a multi millionaire. I was fortunate enough to work with many investors early on in my career. All of these mentors of mine were unassuming people.
How did you surround yourself with these types of people?
Dave is coming for all us today 😂😂😂😂😂😂😂 and Ken is sitting there cosigning the shade lol
So true!! 😂
Drag us, Dave! 🤣
I’m a millionaire and I sell tickets at my local train station 🤣. I even had a guy once complain to me about his season ticket and when I got his customer info, I realised I was his landlord…. I obviously kept it to myself, but due to his rudeness and condescending attitude, I was tempted to insist his rent goes up 100% .
LOL. This is a great story. You made me smile and laugh out loud. Bravo to you.
I'm with Marty on this one! You totally made me laugh - isn't life crazy fun - you just never know when something like this can happen - just good to know you went easy on the guy and didn't raise his rent 100%!!
Lol
I drove a truck for 10 years out of HS. Started night school while driving during the day, 5 years later a science degree. Retired early as a Software Engineer. If I sat around blaming others, I'd still be driving a truck. Only thing I inherited from my parents was knowledge of working hard and owning my mistakes.
I love people like Dave are so direct. These days people are soft.
You hurt my feeeeeelings.
LOL, I know not to cry to Dave about it!
Technically, if we all lived below our means we can make it to millionaire status. But so many spend way more than they earn so they are going the opposite direction.
Totally agree with you.
How dare you bring such outlandish ideas onto this forum!
I'm a professional musician. Musician obviously does not make the list of top 10 careers that lead to millionaire status. However, instead of whining about it, I'm out there hustling and grinding. I make $70k per year as a musician, providing for my family, and we invest in a Roth IRA every month. My wife and I are on track to become millionaires by the time I retire. It's just about focus, sacrifice, and hard work: the stuff Dave has been teaching for 30 years.
Basically, it is just first getting out of debt, and then living below your means & investing for about 150 months. A bit depends on the income of course. Engineers probably get to 1M in 10 years, teachers could take closer to 20.
Awesome 👌
Kool, I’ll bet you do better than anticipated because you have a plan.
You should put some of your performances on your RUclips channel.
The victim thing is true.. i got a buddy who delivers mail for a living... he claims every time someone has a nice house, that it would have been nice to have rich parents help him too.
Yet is finally getting kicked out of his moms house at 35.....and has spent his 401k into cars and toys instead of getting it together...
Retired engineer here.
Divorced and totally broke in my early 40s.
Unemployed
Fully mortgaged house
Joint custody of kids
Dug myself out of that hole.
By setting the goal
Reading the books
Listening to people like Dave Ramsey and his team of experts.
Read all the good books.
Dug myself out of debt
Worked into my early 70s,
Retired well past millionaire
My first rule was - pay yourself first.
You can do this!
I'm tearing into work and doing every hour they let me work. And when i'm not working i'm either working on a side gig or improving myself discipline wise. Love this kind of message.
In you zest, don;t forget to invest that money.
Mr. Ramsey, I am disabled (two strokes) and I believe that I will be able to get out of debt in the next few years using your basic principles.
You have it together. You are smart
When people say or post that you are mean. No. You are honest. There are so many people who don't want honest, they want you to tell them that they are right when they are not. God bless you.
Blessing
“If your mouth was shut, you wouldn’t be making noise” had me rolling😂
I used to tell students that their ears don't work when their mouth is going.
Even through I never heard of you until last year, I've followed your principles for my financial life. Now we own our Silicon Valley home free & clear, have put two sons through college, free & clear and are looking at a retirement that does not depend on Social Security.
Here's the thing: It did NOT happen overnight. We worked at it for 33 years to get to this point.
54 years old. Automotive engineer that retired last year. Put myself through college, never married, never budgeted, had credit cards for 30+ years, new cars every 4 years. Lots of expensive hobbies and travel. 25-35% charitable giving annually. No inheritance, no help from parents.
Retired last year with multiple millions.
All you have to do is spend less than you make and invest the difference. That and being blessed.
When I was a poor college student my wife and I ate out a lot more than we do now. Despite make 4x's more than I did while in college, we don't spend as much on eating out, shopping and frivolous expenses. One of the reasons we discussed why that was, was because as a poor college student, despite the need for a budget being greater, we felt it was pointless cause we didn't think big financial goals were attainable.
Now that we're almost done with paying off our debt and saving up for a home, our behavior reflects those goals. It is critical to push back against the narrative that if you're a teacher you cannot become a millionaire because if that's what people believe, their retirement goals will reflect that. Income is 50% of the equation to prosperity, the other 50% is behavior.
Dave, I’m a retired COP , I had a dream, I worked side jobs to afford the training to be a flight instructor. I’m about to retire again as an airline pilot. I’m a member of your club a couple of times over due to investing. My favorite quote BTW it’s mine “ you can look like you have money or you can actually have money. It takes a whole lot of money to do both”.
I'm a janitor and on my way. Learn to live within your means.
Good for you. Invest as soon as you can. Mutual funds will serve you well (choose carefully) for building your foundation. And keep it to yourself. Your colleagues don’t need to know what you’re doing.
I am forever grateful for D. Ramsey. Following his guidance, I have only mortgage debt and that's it. Feeling energized!!!
You didn’t need Dave to learn how math and personal finance work.
One doesn't need Dave to learn how to handle money, but he does a solid job at teaching, and the best part about Ramsey Solutions, is they are great cheerleaders.
The wife and I are changed because we quit living the way we were and changed to what we learned from the Ramsays.
I'm am engineer who was undisciplined and spent most of the money I made. I started following Dave Ramsey's program.....and within 3 years paid off my car and home by being very disciplined and doing exactly what he said to do. Thank you Dave. I now own rental Homes and am close to a comfortable retirement all accomplished within about 12 years thanks to Dave.🙏
Wow!
Thank you for your honesty, it encourages me. My hubby & I made many mistakes with our money over the years, but now in 12 mos. will payoff all credit card debt, and can have our Mortg. paid off in 4 years. Facing reality & being disciplined is turning our situation around before retirement. Better late than never.
Dave, being a millionare is a pipe dream for a lot of people in a world where $8 caramel lattes exist. Change your habits and change your life.
So true. People don’t want to change their habits because “they deserve it”. Those little expenses do add up. Being debt free is an absolute freedom.
I live in a world with $8 caramel lattes.
I am FINALLY reaching the
$1 mil mark.
I have NO IDEA what a $8 caramel latte taste like.
Caramel lattes are awesome… so are the caramel frappes…. And they cost my
@@marku5w ---- feel hooked as i read thru it -- then, ---- LOL great - I can compare - I like mine better
One time I ordered a simple coffee at the same company that sells $8 caramel lattes. She asked so many questions I felt interrogated. Don't come there anymore
With houses at $500k, it’s hard to believe that there are only 17 million millionaires in America. Sad.
If you owe the bank $450k, then the net worth is only $50k. That is why zero debt is so liberating.
@@araslintakas9135 and sometimes a persons house is all they have, they consider their house as their “retirement.”
Remember a lot of them include the value of their home in that calculation
@@darbyohara Yes, that was my point
Can’t lie, I deal with the public a lot and a lot of us are dumb, even worse entitled.
It’s sad.
This is step one. The admitting.
Start putting a couple hundred dollars a month in an index fund in your 20s and by the time you're in your 60s you're a millionaire. It really is that easy.
Agreed
So true...BTW, most folks do not understand the definition of "entitled" or "privileged; it's quite an unproveable assertion to assume privilege plays any part.
Privilege denotes that you did not earn an asset...I know nobody who did not WORK for everything they have. I can afford decent things for my child because I EARNED the ability to do so. My wife and and work hard as parents to ensure the kids are raised properly...key word: WORK.
I am grateful for that opportunity, but it would not happen if I had not worked for it.
Working and Earning things in life (owning a house, car, affording to pay for things of your choice etc) is not privilege.
@@Corkfish1 100 dollars a month will get the job done 👍
Millionaire boat repair guy here! Dave’s system is how I got here! Live on less than you make, invest and don’t use debt - boom!
I grew up poor and with a disability, but bought property as soon as I could, invested in my 401K and became a millionaire as a matter of course. It can be done and there is nothing that can stop you.
My wife and I have a net worth of not one, but several million dollars. We started with nothing while putting ourselves through college and have good jobs. We worked together and reached our goals after decades of good decisions. We pay more than our fair share in taxes and support our communities. It was actually easy to do in this country. I appreciate all of the brave men and women in uniform that made this possible. I make no apologies to anyone. Thank you.
Growing well it's like growing thin if you follow the instructions they all will work
The sistema of baby steps is so simple that people mistrust and turn on the complicated mind and says "it can't be that simple, they are trying to trick me". We are not that important, or you chose to do it or not. Great job to Dave and is company! The world need people like you to continue to change life's!
People cannot accept that they are doing something wrong that is why they are not winning. You have to be brave and own up to your weaknesses and be willing to work on yourself. You cannot be doing the same thing and expect different results. I also met a lot of people that have conditioned themselves that they will always be broke and struggling with finances. It’s like they are hopeless and being broke is the norm. It’s kinda sad.
Dave tells it like it is! I love it. Dave Ramsey is a straight-shooter, and we’re living proof of his methods. Buried under a $300k student loan mountain after earning two master’s degrees in Accounting/Finance and Engineering, we hit rock bottom with a negative net worth in 2017. Fast forward to debt freedom in 2022, and in 2024, we’re on the brink of a million-dollar net worth. We live below our means, but do enjoy traveling the world (at a reasonable cost). Thank you, Dave, for your no-nonsense approach!
I never made more than $30k a year, retired now with a net worth of $7 million. I never owed anyone, no car payments cheap rents for years. I saved and invested every penny. I know people who had 6 figure incomes for years and they are always broke and in debt because they spend it all on 'stuff.'
kudos. impressive!
I'm a teacher and I will retire at a million dollars. Saving my money, not buying new cars, living frugal and smart investments made it happen.
“It’s the law of averages” “no the median is not an average” 😂
A friend once told me to stop worrying about saving every penny and start making my money work for me instead of working for my money. He said that people are putting the wagon in front of the cart instead of putting the wagon behind the horse.
Dave I can really blow their minds and tell you that I’m a truck driver that never went to college for a single day and I’m debt free living in a paid off house. I haven’t hit a million dollars net worth yet but I’m on my way! Thank you for all you do
As one of the millionaires in the US, I can say it would be easier to NOT be a millionaire but I am more secure and happy that I chose the harder path. I can now live the remainder of my life better than if I took the easier path.
I still find it impressive that teachers were in the top three career fields of millionaires. 🧐
Teachers RULE...Love them..under paid under appreciated. The deserve to win!
Slow and steady wins the race.
There are a LOT of teachers. And in some states they get paid very very well.
I wanna know what they define as teachers. Because there's kindergarten teachers all the way to Harvard professors and if you wanna get technical there's people who teach like OSHA or Safety or medical stuff in the field. There's a lot of educators in the world not just in the public school system, also there's all of the charter schools, and are principles and stuff considered teachers? You can tweak a lot of numbers if you want to.
I'm sure it includes private school teachers and college professors
Being an engineer I love this study and I agree ☝️ Engineers rock !! 🙂
We move the world 🌎 forward 😎
@@rodrigofernandez9055 Exactly
If it wasn't for engineers we would be still living in caves.
Teachers are also one of the most common professions and are also often a second income earner married to someone making even more
And in some areas use part of their income to fund school supplies.
Yes, they utterly skip any useful breakdown of the data from the study and launch right into attacking their go-to boogey-man "people who have negative stories" where that group will include many actual victims of abuse.
@@ensignmjs7058 I know a lot do, but its not required. I find thats more of a thing for young teachers who feel like they need to fo everything. Every profession ppl spend money on things to improve their career or work environment
It’s unfortunate but in this day and age starting teachers can not even afford to pay basic expenses on their salary
@@craigadair128 what are you taking about? They make more than enough
I'm a retired aerospace engineer. I got a mechanical engineering degree in 1980. Since retirement, I design and build backyard roller coasters with my grandkids and have a RUclips channel. In college, I had to take one industrial engineering course, and it was all about the equations governing the time value of money. It changed my life!
I help teach physics and engineering at two local high schools. I've offered several times to teach the time value of money, but no takers yet. It makes me think banks, car dealers, credit card companies, etc. pay schools not to teach responsible personal finances.
I emigrated to UK 24 years ago when I was 26. I had to learn English and even had to validate my engineering degree since it wasn't accepted here. I started as an assistant engineer and worked and invested in properties. I'm proud to say I'm a millionaire now! This year we have decided to go to Spain and live in a cheaper house and invest the rest of our money in real estate there so I could have more time to help my wife with our kids. Dave is right, I never tried to be flash or spend unnecessarily and on a normal salary and investment became a millionaire. This is not a boast but a post to give hope to others who might think it's impossible! Love and peace to all
My observation of people's money habits convinces me that most of them don't think long term when making financial decisions. It's just a case of I want this or that now, and I really don't care how much it costs as long as I can make the payments. But now I really don't have anything left after bills to save for retirement. They have it all backwards because they should pay their savings first and then budget the money that's left.
It is simply about delayed gratification.
Proverbs 23:4-5 - Do not toil to acquire wealth; be discerning enough to desist.
@@sarahscroggins2793 Proverbs 22:7
people who are stressed and poor find it difficult to make good financial decisions but its not their fault, its really quite hard if everyone in your social safety net is poor too
For the record, the authors of The Millionaire Next Door did a similar study and found the exact same results. The key to building financial wealth is discipline. Living below your means and investing well. That's it. No magic involved. And for the record, they mention engineers as being number one in their findings for everyday millionaires. I am living proof of that. I am an engineer and I am a millionaire; multi-millionaire actually. Not trying to boast; just stating the facts. If you aren't stupid with your money, invest in yourself and your career and have a long term horizon, you too can be a millionaire.
Yes, lots of people have done similar studies and gotten similar results. Jean Chatzky did a survey of 5000 people over a decade ago and came up with similar results, which she talked about in her book "The Difference".
I'm a retired teacher...same results.
Enhale Cigs,Junk food,gamble and live above your means is a recipe for failure.
I read the book, "The Millionaire Next Door." What's important to mention is that a significant number of successful and rich people were lucky enough to inherit a large sum of money or property and/or family business which precipitated them to wealth sooner and easier than working a plan from the ground up. Moreover, it's astonishing how many people came into a large sum of money that squandered it away and were now no longer millionaires.
That's weak thinking. The majority of people are not born into anything and come out successful. It's important to remember that.
@@specialK180 I was just passing information along that was in the book.
Yeah I'm pretty confident that that's the opposite of what the book said. Pretty sure it said like 15% of people inherit a million dollar net worth, and that by far most millionaires were first generation, self-made.
@@susancavey3484 Why is it "important" to remember that? What's important to remember is that someone else being born into money does not make the slightest difference to your own ability to shape your own life. I think your message is just designed to give weak individuals an excuse not to bother.
@@daleviker5884 Because most of the time 'it takes money to make money'. It can be done, but it's more difficult if you start from nothing.
My math teachers very consistently showed high financial literacy. In fact, it was one that I barely was around that inspired me to become financially literate.
As a teacher myself, I can tell you that while I did not begin my career as a teacher, but rather as a salesperson, then became a teacher at 34....most teachers start their career quite early; usually even before their mid-20s...like full time. Teachers are very unlikely to face joblessness, or even have long periods between jobs, even when moving if they're highly qualified, which most are...me excluded. Some teachers have like 5 certifications..Bilingual, Speech, Administrative credential, Counseling degree added, art, single subject, on and on. Teachers are boring, wake up early, get married early, and almost every single one has a pension AND a 401K....and they buy boring ass cars. And almost all of them are married to someone that makes more money, but the teacher is the one with the steady job....an awesome combo if you think about it. So, you will be a millionaire in the mid-50s or so.
Also in sales but already at 6 figures lol and want to leave and become a teacher cause I hate it.
@@Elarosa96 It's not a pipe dream at all. Just a matter of getting the qualifications done. Best wishes on whatever you do in your future.
@ I think everyone I know will think I’m stupid for leaving my job to do teaching.