Right there! You go to a mechanic and he finds a 5 minute problem, turns a screw and fixes the car. You ask how much to fix it and he says…nothing. Just remember me when you have a real mechanical problem. You tell your friends and they tell their friends. Five years later you look up and he’s a millions with ten shops around town. People remember. Word gets around.! Love this example.
You helped us and didn't charge us one penny. I was listening to your show on AM Radio many, many years ago and realized,"This guy makes more sense than the idiots around me" Thank you so much.
I think that’s one thing people don’t recognize about Dave Ramsey. You can do the Ramsey plan without paying for his course or using his every dollar app, just by watching the videos you can do the baby steps and do a zero dollar budget on Microsoft excel. Whereas the other “investment” programs give you little to no information on social media. They require you to pay to then learn their methods, and sometimes it’s just a scam. Other times they want you to manipulate credit cards and moving money around from here to there, which is another big selling point. I don’t like credit cards and I don’t like financing
Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
You need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, Etf's, the 11 GICS groups, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.
@@karinanurrindinova6289 That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on.
@@darrenphilip247 My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor
@@finleysterling562 Having a counselor is essential for portfolio diversification. My advisor is "Trade with Ethan Grayson" who is easily searchable and has extensive knowledge of the financial markets.
@@darrenphilip247 Thanks for this tip. His handle & website popped up on the first page immediately I searched Ethan’s name, I read through his resume and it seems pretty tight. So, I dropped a message & hopefully he replies soon.
I started investing when I was in college. I struggled in engineering school and I took 5-1/2 years before I got my BS. My roommate junior year, Dave, had a near perfect GPA in engineering school. He was irritated I watched "wall street week with Louis Rukeyser" every Friday evening and once said "I don't think a guy who got a C in economics should be investing in markets!" I never set the world on fire with my career, but I never have had much in the way of financial problems my entire life either, credit rating as high as 850, even bought my first new car in 2010 for cash in my mid 40s in the middle of a 18 month period of unemployment during the great recession. And hit 7 figure net worth in my early 50s. Don't be like my old roommate Dave (not Ramsey lol) and confuse book smarts with financial smarts! Amazing the number of high earners out there with low net worths. They often live in 4000+ Sq ft homes while I still live in the same 1300 Sq ft house I bought several years after graduating 37 years ago, but that shows nothing about their financial IQ.
True and well done. I went to a state college and did okay but nothing to brag about. However I always kept learning especially about finances and am doing quite well myself.
I’m loaded and I’m pretty thick, but I’m consistent. You are the usually the result of your repeated small actions and not one defining moment. Bottle of wine and a pack of cigarettes a night for 10 years vs two litres of water a day and a healthy diet for 10 years end up in two different places. Repetition is key to any success
Or he just pulls a red herring fallacy and instead of talking about the people who like Sam Backman fried and Elizabeth Holmes and possibly even Zuckerberg that the other interlocutor is talking about lol
@@15KHPCLUB You are a troll. You have no idea how much I, or the other poster has. Anyone who says, in an open forum, how much they have, $6M, is either a fool, or lying.
The millionaire I knew the best was someone that owned (and built from scratch) the fastest molding company in the world at the time, hired my father, owned hundreds if not thousands of acres of land in the area and rented our house to us (including a large acreage and barns) for $100.00 a month. Niceset guy you'd want to meet.
I have read 5 of your books in the past month. Started the 6 yesterday. Momentum Theorem. I am so proud of me and my new Momentum for reading. As you always say. I am now sick and tired of being sick and tired. I want something different moving forward.
@@vinnadoncoppious8930 In my career field the income is $100k to over $300k/yr for long haul captains. My work group the range is about $60k/yr. starting then on to $90k-$160k or more after 2-3 years. Very affordable here. Guys I work with live in very large homes and communities with farmland,horses,cattle,etc.. Subdivisions with runway,hangar next to garage, and own planes and even a helicopter. Many adult toys and junk. Drive to work in $60k-$90k cars. All with mortgages and a lot of debt. A lot monthly payments. Close to being paycheck to paycheck. Many are used to this lifestyle so it doesn’t feel to be struggling since there’s job security and always a biweekly check with additional overtime,profit sharing,bonuses,cash rewards,etc… The problem comes when there’s an emergency, financial hiccup,or close to retirement age and reality kicks in.
There’s a ton of taxes in $150k income. But I think a lot of people buy too much home and too much car for their income and then when eggs go up $2 a dozen everyone feels screwed!
@15KHPCLUB do you know what it means to be the exception rather than the rule? Most wealthy people are hard and smart, consistent workers. Besides, you said “former” VP. He probably worked tirelessly to get up to that position before retiring
i have a 6th grade education. i will be a millionaire with a " true net worth of 1 Mil " im either going to make it or make it. my wife and i currently are in the top 10% for net worth for our age and we refuse to fail.
I think one lie is that wealthy people get wealthy overnight! Most wealthy people I feel like builds it over time! Social media will lead you to believe that you need to get wealthy overnight and it frustrates me and always need to remember that.
the first generation of wealth builds it very slowly over decades. But their children dont. In my city a lot of people I know, legit their parents buy their first house and paid for the uni full out. I am one of the first generation ones, I am slowly investing each month. But you have to not compare yourself to others because I know multiple people who, since their parents bought their home and paid for their education their entire income goes right into their net worth so they are very wealthy even at a young age.
@@reese85 rare. Maybe athletes. But even those guys typically started training in their sport when they were kids. unless your parents helped its extremely rare. Even rappers , those guys usually start freestyling and training back in their early teen years.
@@imveryhungry112 the lottery make overnight millionaires all the time! Ppl die and get left with inherences all the time or life insurance money! Like it happens
2.4 GPA in high school, 3.75 in college (Ohio University)...Work a great union job, but I'm not afraid to learn even at my advanced age. Dave Ramsey has taught me some things about finance.
I have a 2.2 gpa and I’m still killing it out here. My high school guidance counselor once said to me “your gpa does not determine how smart you are. All it is is a number used by colleges to decide if they should accept you into their universities.”
My guidance counselor basically said I would not amount to much. I am millionaire, make 159k a year. Own paid off nice cars. Can afford nice vacations and can be generous to charity.
@@amireallythatgrumpy6508 assuming that you're motivated. I had a B average all through high school and college because most of school was boring, so I did just enough to get by.
You put out some valuable content. A little off topic maybe, but there’s this woman I got in touch with during the lockdown which cost me my job. Ms. Norman Davis helped me manage my assets by introducing my to the best investing platform and strategies, I earned a lot of $$$ working with Norman at the comfort of my home. I still keep in touch with the amazing lady
As a single mother with 3 kids, it wasn’t easy having to raise them alone after my husband had passed. I remember the hardest part was when my eldest son got into college and having to pay for his tuition would not have been possible without the help of Ms Norman whom i had gotten in contact with the previous year. she assisted me and taught me how to earn extra income
I have a master in mathematical finance, so it wasn’t so easy to get me convinced to begin an investment without me carrying out proper research on her. I had her broker ID checked and she’s fully verified! So I began with a few bucks, only to get huge returns in a month. I reinvested and now I get long term monthly returns… So glad I don’t rely on pay checks anymore.
Love and light from San Diego, I’m trying to create long term wealth to set towards property one day . How can i reach out to her? she could be of great help
Lol. about a 3.2 as I recall. Just smart enough to do the work over decades and arrive at a much better place. The seven figures were a natural result of saving every two weeks for over 25 years. I never was much for school or schoolwork but also was blessed in that I didn't need to study to get those grades either.
2.4 GPA in high school. I'm now 33, with no debt, 200k liquid in the bank, 150 in retirement accounts, and a household income of over 200k a year. I talk to people from my high school who had 4.0 GPAs and are in debt 100k from school and struggling to find their jobs after their liberal arts degree. I'm just saying.
Did you pay for your own college and 100 percent of your first house? Im just curious. Im in a similar position to you, youngish and high net worth. But I did it ALL myself lol. Legit most people I know in my position their parents paid for the school and either bought their first house totally or gave them a massive chunk for the down payment.
@@stevegolacks8731 way to go bro. I had a 0.8 HS GPA. I'm a self-made multi-millionaire by age 50. I worked hard and took big (winning and wise) risks and was blessed with my timing a few times. I'm not done. Worth $8M - $10M at age 56 now. I don't think I'll ever catch Dave though. HAHAHA
@ependysi ya, I went to lineman school for 15k. I paid it all off and my first job out the gate I made over 80k. Now I'm 7 years in making over 130k every year. We haven't paid off our first house completely just yet. But we are very close, and it's currently being rented right now.
Another aspect of Always Learning that can be added is sadly when people see someone successful they are jealous and try to bad mouth them. I do things differently and ask them: How did you become successful? What are the first steps to get started? Ect.
Dave's explanation in the second half is one of the best arguments for Capitalism. Most people who argue against Capitalism imagine as if we live in a Feudal system. FEUDAL rich people are the ones who profit long term off of having no integrity. CAPITALIST rich people have to actually generate value and give it to people to have any success for any considerable length of time, or they will burn out faster than a shooting star and bite the dust. Who's the exception to that? Pretty much Hollywood - where the irony is so strong since they're the rich people trying to tell everyone that rich people are the problem. They just ride on a train of wealth that unfolds in front of them for their contracts in successful entertainment ventures.
@mohamedhasan6264 You still sound like you are playing the victimhood game. You are implying the wealthy guy BECAME wealthy because he knew something that you didn't. You DO know what to do, to become wealthy. We ALL are our own worst enemy. The only restraints on us, are the ones we put on ourselves, by the choices we make. Things to consider: His motivation, and goal, to become wealthy, may have been stronger than your motivation, to become wealthy. He probably practiced self discipline, and sacrifice, more than you. He probably practiced delaying immediate gratification, more than you. He probably took better advantage of opportunities that came his way, more than you did. He probably was more ambitious, and driven towards goals that he set, than you were. We ALL have the same 24 hours in a day, 7 days a week. How much of your time, each day, do you waste, doing non-income producing activities. I am not pretending to be better than you by asking these questions. I am in/at retirement age, collecting social security, and managing my own, small ROTH IRA, trading account. Because of MY poor choices in my life, wealth building and financial security was not a priority. At a time in my life when I could have been in distribution mode, with a large retirement portfolio, I am instead, still in accumulation/growth building mode. I do not draw from my ROTH IRA. When I see a wealthy guy, I usually say to myself, "Good for you. You had the discipline, and desire, to do, what I didn't."
I am nice, have integrity, work my ass off, and am NOT a millionaire. The difference: I have no $$ savvy and have never known how to simply do it or where to start. Investing has always been extremely intimidating to me, tainted by stories of being ripped off or total failure from one bad decision.
I started reading “A Column of Fire” in September of ‘22 and finished it in March. I read “The Rum Diary”. I’m currently reading “Financial Peace”. Big surprise right.
I agree most wealthy individuals are fantastic people, but the ones involved in insurance and healthcare are not for the most part. For the most part those people do not care about the patients that they are directing care of aimlessly, with the sole intention of profits.
Let me see if I understand you correctly: you're saying that people in the insurance and healthcare industry mostly suck and only care about profits rather than the people they serve, and because of that they get lots of new clients/patients who pay them tons of money?
@@sidwhiting665 Do you have any clue how insurance based healthcare works?😂people go to it because there’s no other option. Private practices are starting to pop up that are cash based and physician run, those are fantastic, but a great majority of peoples healthcare is decided by a dude with no medical background or training, telling doctors how to fix patients that they’ve never met.
@chasevancleave7624 insurance agents aren’t telling doctors how to treat patients. They’re telling health care providers what the policy covers. Maybe you should read over your policy before signing?
@@nicholasselke5214 you’ve obviously never worked in healthcare. If you think it’s as simple as reading your policy you’re the type of patient who gets royally screwed over
I think millionaires are becoming the average/norm because owning an average house puts you most of the way there (at least where I live). So, of course, millionaires would have average GPA etc.
Agree that millionaire status isn’t what it used to be. I’m about 1.1m with 600k being the house, we’ll see whether the value holds up anyway in the upcoming recession. I would consider myself as a more or less average guy who is above average at saving money.
1.6 GPA but I make 80k a year... gotta pay off 7k in stupid credit card debt, already paid off 6k. Then I'm gonna start investing in my 401k. Wish me luck
It's important to acknowledge that millionaires come from a diverse group of people. Some are born into existing wealth, which undoubtedly gives them a head start in accumulating more wealth. Others are hardworking individuals who put in relentless effort and maintain high ethical standards to achieve their financial success. However, we can't ignore the fact that there are also those who adopt cutthroat and unethical practices to amass their wealth. These people definitely exist and the sad reality is often they can continue to operate successfully for a long time. The assertion that "most millionaires are..." for most people tends to be product of ones political or ideological background vs the realities of the situation. Handle your business and work hard, but don't naive about the existence of sharks in the water.
Had a 1.5 GPA because I would skip and go work instead. Don't regret it. Bought my first house at 20. At 21 I was making 80k a year. 22 now and about the buy my first rental
I think one of the biggest things is people living beyond their means and not saving. Either stop spending so much money, or make more money! There’s so many jobs out there, so many educational resources to get into better paying jobs. I really don’t feel sorry for people working for $8 an hour and want to act like there’s no way up. I’m not saying it’s not hard or it doesn’t take tremendous sacrifice, but it’s not impossible. We have too many people working for minimum wage, trying to raise kids, and complaining like they are the victim. Yeah, you don’t have enough money! It’s not supposed to work that way. Working fast food raising kids isn’t meant to be a comfortable life financially I’m not rich . I’m middle class live in the south, but I know I’m not stuck. I could have more if I made it a priority
I played beer-pong, not the whole time but most of the time, and I'm a millionaire. It's a lot of luck to be honest, you have to be open and ready for opportunities, and then once you get them you have to outperform/outlast everyone else.
This thing you call "luck" sounds to me like it takes a lot of preparation, diligence, stamina, and work ethic. I agree that sometimes you just catch a break, but I think everyone gets breaks. However, some folks aren't willing or ready to take advantage of them. . P.S. I only played a little beer pong. It got kinda gross fishing the ball out of a cup that someone else had their nasty fingers all over. Plus it was cheap swill beer, and for better or worse I quickly moved to craft beer.
@@sidwhiting665 My college days predate the craft beer craze of the last decade. Breaks do present themselves, but I think Americans in economically affluent areas have a much better chance to catch a break. It's a lot tougher in rural Oklahoma than Southern California.
Socialism is not about being jealous, and it’s not about thinking that they’re all crooks or total jerks. Most millionaires are fine, because most millionaires are basically just middle to upper-middle-class people who sat on their assets. The problem is that capitalism is an inherently crooked system, where a few people get to make a lot of money exploiting the rest of the world. The pursuit of infinite growth means that somebody always has to be giving something up. Yes, anyone can make it. But most people won’t. And the people who are left in the dust are left to suffer. Yes, you should be working hard to keep your money and build your wealth. But that shouldn’t be the only way to guarantee that you can keep a roof over your head, as is becoming increasingly the case these days, with the death of American manufacturing and whatnot.
How are a couple of mid-career elementary school teachers in Iowa, making a household income of $130k/yr, who saved and invested and became millionaires "exploiting the rest of the world?"
Milton Friedman would talk about how life is not a zero sum game. Trade is for the benefit of all parties involved, or at least should be. That's how economies grow. Sure there are people out there who take advantage of people, but it's not the majority.
Sell your possessions, and give to the needy. Provide yourselves with moneybags that do not grow old, with a treasure in the heavens that does not fail, where no thief approaches and no moth destroys.
No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.
@@nugsin4 What’s good is don’t need to be ultra wealthy to take full advantage of long term capital gains. Any person that save,invest,avoid debt, and live within means can do this. I’m retired in 2020 and living on one of my pensions,cash,annuity,and long term capital gains if needed. Paid zero taxes in for 2021 on $88k income and 2022 with $45k income. Sold one of my rental properties in February and my CPA will figure it out. Can’t stop my pension income but I don’t need to take long term capital gains this year and still have tax free annuity and cash if needed.
Work hard. Position yourself for career opportunities by demonstrating integrity and ethics and continuing to work on your education. Spend below your salary. Sow your seeds ($$) for future crops in proper investments. Be grateful for everything you have. Volunteering in soup kitchen or homeless outreach can keep one grounded on the things that really matter. Learn to do everything for yourself that you possibly can. I actually self contracted building my new home by learning about construction loans and kept the profit the builder would have made by lining up the subs and doing some of my own small work. Almost always worked on my own cars and home repairs through learning how from books and internet allowed me to put money in my pocket to invest. Always paying others for services and things I could do myself seemed like a waste of money and lifestyle creep. For first time ever, I actually hired someone else to paint the house this past year because my time is now more valuable than the money saved.
In a world where the US Gov't Budget is in the Trillions, having a messily $1 million net worth is not sufficient. Suze Orman has been mostly correct when she said $5 million to $10 million is needed to safely retire.
Depends on your lifestyle. Many, if not most Americans could easily live off $1M, when combined with SS. If you want to take expensive vacations every other month, and order door dash every night, then you probably need more than a million. It also depends on how much risk you're willing to take with your investments. If you're going to stick all your money in CDs or municipal bonds, you aren't going to generate much income.
@@darylfoster7944 The administration is doling out too much money to the special interest cronies. $1 million today isn't what it was just a few years ago and there is not sign that will change. Orman was correct on her prediction. we need to make adjustments.
Yeah, I really don't think of someone who is only worth 1 million dollars as "wealthy." I think of them as being more middle class. How if you are worth 200 million, you are wealthy.
Remember what Deloney says. Students are test takers, not problem solvers. Problem solving is IQ. High IQ helps you figure out the problem of making money quicker than low IQ. GPA has almost nothing to do with it. You've spoken with Jordan Peterson. He says the same thing in his lectures.
Not all wealthy people are bad, but we do have crooks, think about credit card company and big bank corporation ceos who regularly get bailed out by our government is one example and other corporations ceos who regularly get cash from the government on a regular basis and does not think about it much...
Idk if it’s because of where I’m from, but I don’t think that people commonly believe that wealthy=genius. College education might be commonly associated, but having good grades will usually just help stand out to employers rather than actually getting you wealthy.
You said something profound right here "having good grades will usually just help stand out to employers rather than actually getting you wealthy" * The "hidden truth" here is that people with good grades usually end up working for someone else instead of starting their own companies and getting people with high GPAs to work for them. For every Elon Musk, there are 100,000 Joe Smiths who start up an HVAC company and end up with a business worth $10 million. * I'm a good example of that too. While I did have a high GPA in school, it's not what made me wealthy. Investing in real estate as a side business is what got me to millionaire level ways faster than my day job ever would have.
Millionaires are a dime a dozen and are mostly hard working lucky people. Multimillionaires on the other hand are few and seem to value the dollar over their conscience. Maybe they lack a conscience.
Millionaires and multimillionaires are everywhere in my area. You just can’t tell. Even I drive a ten year old car. Small hat but a whole lot of cattle.
I want to see in Dave's millionaire survey the correlation between reading more books and having a higher net worth or income. All too often he says our study doesn't show blah blah blah, so let's see some real numbers.
There are other 12 hours x 7 days. In periods when I completely cut off screens at home I was surprised how much time in a week there is to build yourself up in different ways
The honest fact is a lot of wealth came from companies taking advantage of their employees. Paying themselves an infinite amount over how much they pay their employees.
His head is bigger than the world.i like some stuff like saving but he knows the truth,they steel and play the poor people wt power they have ....they just do it in a more intelligent way he knows what the bible says about evil and money 🤑 greedy people.
@@amireallythatgrumpy6508Just not true, according to a dozen sources his net worth was 200 million in December of 2022. Even if what you say was true, which it isn’t, he still needs to lose the attitude, it’s not a good look especially for someone that claims to be a Christian. Some of the people that call him are hurting and it doesn’t help when they’re called an idiot.
@@jayv9286 Sources that rely on data that is five years out of date? (They ALL do). That would be his 2018 net worth. As he stated in his August 2022 video with Graham Stephan he is worth $700 million. He is right to have his attitude, not because of his net worth, but because 99% of Americans are imbeciles.
@jayv9286 the truth hurts apparently. The first step in fixing a problem is admitting you have the problem, and admitting you caused it. In these cases, by being an idiot If you’re hung up on that, then there’s no helping you. And that’s not just you specifically. It’s anyone who gets offended when they hear the truth
I used to read books all the time. Just can’t sit around like that reading a book. Started subscribing to Audible in 2012 and listened to over 320 books so far. With my lifestyle I travel,hike,backpack,fish,walk,bike,in the gym,work,drive,gardening,etc..and listening to books are better in my case. My mind wondered a bit when I first started listening to books but after the third it was full immersion. Just finished listening to a 41 hour book this morning while cleaning my garage.
Jesus looked up and saw the rich putting their gifts into the offering box, and he saw a poor widow put in two small copper coins. And he said, “Truly, I tell you, this poor widow has put in more than all of them. For they all contributed out of their abundance, but she out of her poverty put in all she had to live on.”
GPA isn't a great measure of intelligence. I was 4.0ish and then a 3.3 in an engineering degree. All I had was a great memory and the ability to study...very little pure intelligence.
Brilliant by whose standards? Some over-educated, tenured college prof who cannot survive outside academia because they have no valuable, marketable skills? Please!
My net worth is about ~$3.5M and I am not rich. In fact, I'm currently looking for a country with a far lower cost of living than the USA to retire. My prime candidate is Argentina. I visited Argentina for the third time in March '23 and it passed with flying colors!
1. True just not the GPA is what counts is intelligence 2. I hate reading I poor 3. Many people can't control there destiny, there over whelmed it call inslaving ex-wife taking you back to court every time you make $100.00 4. Sadly when you get rip off you get poor so who care about guy riping people off.
Many can’t control their destiny? And your example is a vindictive ex wife? In that case, he controlled his destiny by getting married in the first place
Yeah they are so nice that they pay you minimum wage maybe $1 or $2 above. Where are you forced to work 80 hours a week. If you fall asleep or start nodding off, they complain and fire you.
Remember, no one is FORCING anyone to work at jobs like those. There's a labor shortage in nearly every industry in this country. Skill up, level up, and get into something better than minimum wage type jobs. Even a lot of fast casual restaurants and retail stores are paying well above $15 per hour.
If you're making $10/hr and working 80 hours a week, then you're making over $50k a year because half your hours are OT. You should be able to save some of that.
Most millionaires are NOT business owners. Also, most of us millionaires worked minimum wage jobs- I worked a ton of crappy, low wage jobs from age 12-22. They inspired me to improve myself.
“We buy things we don't need with money we don't have to impress people we don't like.” - Dave Ramsey
This quote needs to be framed.
More like "people who don't like us"
this quote has no author
All flash and no cash
@@tsismuajhunbncaim Yes, framed at the entrance to every banking/financial institution 🤑
Right there! You go to a mechanic and he finds a 5 minute problem, turns a screw and fixes the car.
You ask how much to fix it and he says…nothing. Just remember me when you have a real mechanical problem.
You tell your friends and they tell their friends.
Five years later you look up and he’s a millions with ten shops around town.
People remember. Word gets around.! Love this example.
You helped us and didn't charge us one penny. I was listening to your show on AM Radio many, many years ago and realized,"This guy makes more sense than the idiots around me" Thank you so much.
Lots of idiots out there. You're right; beware of the multitude of idiots.
I think that’s one thing people don’t recognize about Dave Ramsey. You can do the Ramsey plan without paying for his course or using his every dollar app, just by watching the videos you can do the baby steps and do a zero dollar budget on Microsoft excel.
Whereas the other “investment” programs give you little to no information on social media. They require you to pay to then learn their methods, and sometimes it’s just a scam. Other times they want you to manipulate credit cards and moving money around from here to there, which is another big selling point. I don’t like credit cards and I don’t like financing
I worked as a nanny for people, they were worth about $500 million dollars
They are the most down to earth and nicest people I've ever met. 😊
That's because they don't have to stress about money. 😉
@@carmarasmussen8118 plenty of rich miserable people. Plenty of nut jobs too that are not nice to people.
I was a close staff to billionaires. Worked there for 10 years. It was pretty cool to be on the inside. Great experience. Nice people.
What did they do? How did they make their money 💰?
@@carmarasmussen8118 But you can get some horrible rich people.
I’ve always said learn something new everyday and get something done. That’s how you make progress in life.
"..always reading, always growing, always learning, always putting something new in their cap..." Absolutely!
Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
You need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, Etf's, the 11 GICS groups, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.
@@karinanurrindinova6289 That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on.
@@darrenphilip247 My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor
@@finleysterling562 Having a counselor is essential for portfolio diversification. My advisor is "Trade with Ethan Grayson" who is easily searchable and has extensive knowledge of the financial markets.
@@darrenphilip247 Thanks for this tip. His handle & website popped up on the first page immediately I searched Ethan’s name, I read through his resume and it seems pretty tight. So, I dropped a message & hopefully he replies soon.
I started investing when I was in college. I struggled in engineering school and I took 5-1/2 years before I got my BS.
My roommate junior year, Dave, had a near perfect GPA in engineering school. He was irritated I watched "wall street week with Louis Rukeyser" every Friday evening and once said "I don't think a guy who got a C in economics should be investing in markets!"
I never set the world on fire with my career, but I never have had much in the way of financial problems my entire life either, credit rating as high as 850, even bought my first new car in 2010 for cash in my mid 40s in the middle of a 18 month period of unemployment during the great recession. And hit 7 figure net worth in my early 50s.
Don't be like my old roommate Dave (not Ramsey lol) and confuse book smarts with financial smarts!
Amazing the number of high earners out there with low net worths. They often live in 4000+ Sq ft homes while I still live in the same 1300 Sq ft house I bought several years after graduating 37 years ago, but that shows nothing about their financial IQ.
True and well done. I went to a state college and did okay but nothing to brag about. However I always kept learning especially about finances and am doing quite well myself.
I got my bs too, but it didnt take quite 5.5 years
I’m loaded and I’m pretty thick, but I’m consistent. You are the usually the result of your repeated small actions and not one defining moment. Bottle of wine and a pack of cigarettes a night for 10 years vs two litres of water a day and a healthy diet for 10 years end up in two different places. Repetition is key to any success
"a small-minded jealous person who doesn't know how life works...." You nailed it Dave!
Or he just pulls a red herring fallacy and instead of talking about the people who like Sam Backman fried and Elizabeth Holmes and possibly even Zuckerberg that the other interlocutor is talking about lol
@@brandonjanssen1981 Lol remember when she was on the cover of Forbes?
Proof the emperor really has no clothes 😂
@@brandonjanssen1981No. Dave is right. You are wrong
@brandonjanssen1981 red herring fallacy my ass
@@danerook sweet
Real wealth is silent, and it’s simple to achieve! Not easy, but simple
@@hawkeye2958 amen
Anyone who says this is completely broke.
I have $6M
THAT was NOT EASY to achieve at all.
@@15KHPCLUB
He said simple to achieve.
He didn't say easy.
As a matter of fact, he said NOT EASY, but simple.
@@thomasd5488 Really? That's why you're still a couple of brokies?
@@15KHPCLUB You are a troll. You have no idea how much I, or the other poster has.
Anyone who says, in an open forum, how much they have, $6M, is either a fool, or lying.
The millionaire I knew the best was someone that owned (and built from scratch) the fastest molding company in the world at the time, hired my father, owned hundreds if not thousands of acres of land in the area and rented our house to us (including a large acreage and barns) for $100.00 a month. Niceset guy you'd want to meet.
What millionaires have, is self control!
I have read 5 of your books in the past month. Started the 6 yesterday. Momentum Theorem. I am so proud of me and my new Momentum for reading. As you always say. I am now sick and tired of being sick and tired. I want something different moving forward.
I love Dave. He tells people making over $200,000 a year. How to keep from going hungry.
I do laugh about that. I make 32,000 a year currently so hearing people struggling to make it on 150,000 a year perplexes my brain
@@vinnadoncoppious8930
In my career field the income is $100k to over $300k/yr for long haul captains.
My work group the range is about $60k/yr. starting then on to $90k-$160k or more after 2-3 years.
Very affordable here. Guys I work with live in very large homes and communities with farmland,horses,cattle,etc.. Subdivisions with runway,hangar next to garage, and own planes and even a helicopter.
Many adult toys and junk.
Drive to work in $60k-$90k cars.
All with mortgages and a lot of debt. A lot monthly payments. Close to being paycheck to paycheck.
Many are used to this lifestyle so it doesn’t feel to be struggling since there’s job security and always a biweekly check with additional overtime,profit sharing,bonuses,cash rewards,etc…
The problem comes when there’s an emergency, financial hiccup,or close to retirement age and reality kicks in.
Lifestyle creep
There’s a ton of taxes in $150k income. But I think a lot of people buy too much home and too much car for their income and then when eggs go up $2 a dozen everyone feels screwed!
And he thinks that people getting a couple hundred a month that has to be spent on food is enough to quit your job and be LAZY lol
Common sense is the foundation of financial security.
My GPA is 4.68 and I'm broke haha. But I'm now debt free and on my way to Wealth 🙏🤑
People who are wealthy typically work their ass off mixed with consistency.
Correct. The myth is that they're smoking cigars and playing golf all day.
@daryl foster lol yep. I think working sounds funner!
@@darylfoster7944 Actually that is not a myth.
My neighbor is the former VP of Fidelity, worth between $30-40M and does just that every single day.
@15KHPCLUB do you know what it means to be the exception rather than the rule? Most wealthy people are hard and smart, consistent workers. Besides, you said “former” VP. He probably worked tirelessly to get up to that position before retiring
i have a 6th grade education. i will be a millionaire with a " true net worth of 1 Mil " im either going to make it or make it. my wife and i currently are in the top 10% for net worth for our age and we refuse to fail.
I think one lie is that wealthy people get wealthy overnight! Most wealthy people I feel like builds it over time! Social media will lead you to believe that you need to get wealthy overnight and it frustrates me and always need to remember that.
the first generation of wealth builds it very slowly over decades. But their children dont. In my city a lot of people I know, legit their parents buy their first house and paid for the uni full out. I am one of the first generation ones, I am slowly investing each month. But you have to not compare yourself to others because I know multiple people who, since their parents bought their home and paid for their education their entire income goes right into their net worth so they are very wealthy even at a young age.
It can happen overnight for some
@@reese85 rare. Maybe athletes. But even those guys typically started training in their sport when they were kids. unless your parents helped its extremely rare. Even rappers , those guys usually start freestyling and training back in their early teen years.
@@imveryhungry112 the lottery make overnight millionaires all the time! Ppl die and get left with inherences all the time or life insurance money! Like it happens
@@imveryhungry112 I can sue someone right now and prob win millions of dollars, like it happens more often than you think
2.4 GPA in high school, 3.75 in college (Ohio University)...Work a great union job, but I'm not afraid to learn even at my advanced age.
Dave Ramsey has taught me some things about finance.
I have a 2.2 gpa and I’m still killing it out here.
My high school guidance counselor once said to me
“your gpa does not determine how smart you are. All it is is a number used by colleges to decide if they should accept you into their universities.”
My step-parents went to med school together.
My stepmom scored higher on every test than him, yet he's worth several millions more than she is 🤣
Anybody who said that it does doesn't know how cause and effect works. If anything, how smart you are determines your GPA, not the other way around.
My guidance counselor basically said I would not amount to much. I am millionaire, make 159k a year. Own paid off nice cars. Can afford nice vacations and can be generous to charity.
That is crazy funny. 😂
@@amireallythatgrumpy6508 assuming that you're motivated. I had a B average all through high school and college because most of school was boring, so I did just enough to get by.
You put out some valuable content. A little off topic maybe, but there’s this woman I got in touch with during the lockdown which cost me my job. Ms. Norman Davis helped me manage my assets by introducing my to the best investing platform and strategies, I earned a lot of $$$ working with Norman at the comfort of my home. I still keep in touch with the amazing lady
As a single mother with 3 kids, it wasn’t easy having to raise them alone after my husband had passed. I remember the hardest part was when my eldest son got into college and having to pay for his tuition would not have been possible without the help of Ms Norman whom i had gotten in contact with the previous year. she assisted me and taught me how to earn extra income
I have a master in mathematical finance, so it wasn’t so easy to get me convinced to begin an investment without me carrying out proper research on her. I had her broker ID checked and she’s fully verified! So I began with a few bucks, only to get huge returns in a month. I reinvested and now I get long term monthly returns… So glad I don’t rely on pay checks anymore.
Love and light from San Diego, I’m trying to create long term wealth to set towards property one day . How can i reach out to her? she could be of great help
On personal opinion, I believe it's best you speak directly with Norman, you know tellegramm you have to get it.
the user handle is normandavis, you have to search for it.
Agree with Dave Ramsey on this one 100%
"The brain cells that I killed watching Tiger King have to be replenished by reading" - Dave Ramsey
Lol. about a 3.2 as I recall. Just smart enough to do the work over decades and arrive at a much better place. The seven figures were a natural result of saving every two weeks for over 25 years. I never was much for school or schoolwork but also was blessed in that I didn't need to study to get those grades either.
2.4 GPA in high school. I'm now 33, with no debt, 200k liquid in the bank, 150 in retirement accounts, and a household income of over 200k a year. I talk to people from my high school who had 4.0 GPAs and are in debt 100k from school and struggling to find their jobs after their liberal arts degree. I'm just saying.
Wow.. What is your job and how do you do it?
Did you pay for your own college and 100 percent of your first house? Im just curious. Im in a similar position to you, youngish and high net worth. But I did it ALL myself lol. Legit most people I know in my position their parents paid for the school and either bought their first house totally or gave them a massive chunk for the down payment.
Running the numbers, you should be retired by 40. I was, and its been glorious.
@@stevegolacks8731 way to go bro. I had a 0.8 HS GPA. I'm a self-made multi-millionaire by age 50. I worked hard and took big (winning and wise) risks and was blessed with my timing a few times. I'm not done. Worth $8M - $10M at age 56 now. I don't think I'll ever catch Dave though. HAHAHA
@ependysi ya, I went to lineman school for 15k. I paid it all off and my first job out the gate I made over 80k. Now I'm 7 years in making over 130k every year. We haven't paid off our first house completely just yet. But we are very close, and it's currently being rented right now.
Another aspect of Always Learning that can be added is sadly when people see someone successful they are jealous and try to bad mouth them. I do things differently and ask them: How did you become successful? What are the first steps to get started? Ect.
The financial policies of the current administration are completely opposite of what Ramsey teaches.
There has been an administration in line with what Ramsey teaches?🤣
Better the country default with a Democrat at the helm.
No administration follows what Ramsey teaches.
@@fenian123he is endoctrinated. Republicans perfect, democrats evil
@@RusskiCommieBot Yes, to help the pro-Russia party
Dave's explanation in the second half is one of the best arguments for Capitalism. Most people who argue against Capitalism imagine as if we live in a Feudal system. FEUDAL rich people are the ones who profit long term off of having no integrity. CAPITALIST rich people have to actually generate value and give it to people to have any success for any considerable length of time, or they will burn out faster than a shooting star and bite the dust. Who's the exception to that? Pretty much Hollywood - where the irony is so strong since they're the rich people trying to tell everyone that rich people are the problem. They just ride on a train of wealth that unfolds in front of them for their contracts in successful entertainment ventures.
When I see a wealthy guy, I always say to myself: "He knows something about the world that I don't know", instead of playing the victimhood game
@Chris Waters You just proved the man's point.
@mohamedhasan6264
You still sound like you are playing the victimhood game. You are implying the wealthy guy BECAME wealthy because he knew something that you didn't.
You DO know what to do, to become wealthy.
We ALL are our own worst enemy. The only restraints on us, are the ones we put on ourselves, by the choices we make.
Things to consider:
His motivation, and goal, to become wealthy, may have been stronger than your motivation, to become wealthy.
He probably practiced self discipline, and sacrifice, more than you.
He probably practiced delaying immediate gratification, more than you.
He probably took better advantage of opportunities that came his way, more than you did.
He probably was more ambitious, and driven towards goals that he set, than you were.
We ALL have the same 24 hours in a day, 7 days a week.
How much of your time, each day, do you waste, doing non-income producing activities.
I am not pretending to be better than you by asking these questions.
I am in/at retirement age, collecting social security, and managing my own, small ROTH IRA, trading account.
Because of MY poor choices in my life, wealth building and financial security was not a priority.
At a time in my life when I could have been in distribution mode, with a large retirement portfolio, I am instead, still in accumulation/growth building mode.
I do not draw from my ROTH IRA.
When I see a wealthy guy, I usually say to myself, "Good for you. You had the discipline, and desire, to do, what I didn't."
But he'll never give you that knowledge as it's a relinquishment of his power over you.
I am nice, have integrity, work my ass off, and am NOT a millionaire. The difference: I have no $$ savvy and have never known how to simply do it or where to start. Investing has always been extremely intimidating to me, tainted by stories of being ripped off or total failure from one bad decision.
I read somewhere "don't covet your neighbors wife, goods or anything he has." Work hard and be generous, have integrity and smile, it's contagious.
I started reading “A Column of Fire” in September of ‘22 and finished it in March. I read “The Rum Diary”. I’m currently reading “Financial Peace”. Big surprise right.
Same principals of fitness. Just keep it simple and be consistent
always learning always growing. Love that!
I agree most wealthy individuals are fantastic people, but the ones involved in insurance and healthcare are not for the most part. For the most part those people do not care about the patients that they are directing care of aimlessly, with the sole intention of profits.
Let me see if I understand you correctly: you're saying that people in the insurance and healthcare industry mostly suck and only care about profits rather than the people they serve, and because of that they get lots of new clients/patients who pay them tons of money?
@@sidwhiting665 Do you have any clue how insurance based healthcare works?😂people go to it because there’s no other option. Private practices are starting to pop up that are cash based and physician run, those are fantastic, but a great majority of peoples healthcare is decided by a dude with no medical background or training, telling doctors how to fix patients that they’ve never met.
@chasevancleave7624 insurance agents aren’t telling doctors how to treat patients. They’re telling health care providers what the policy covers. Maybe you should read over your policy before signing?
@@nicholasselke5214 you’ve obviously never worked in healthcare. If you think it’s as simple as reading your policy you’re the type of patient who gets royally screwed over
I think millionaires are becoming the average/norm because owning an average house puts you most of the way there (at least where I live). So, of course, millionaires would have average GPA etc.
Agree that millionaire status isn’t what it used to be. I’m about 1.1m with 600k being the house, we’ll see whether the value holds up anyway in the upcoming recession. I would consider myself as a more or less average guy who is above average at saving money.
"where you live" is not representative of most of America. And millionaires clearly aren't "average."
There are 5.3 million millionaires and 770 billionaires living in the United States. Millionaires make up about 2% of the U.S. adult population.
No, social media just made it easier to fake flex.
Imagine believing someone being nice to your face = not a crook.
Imagine being able to see right through someone being fake
The most important thing to understand about wealth is that it isn't a zero sum game. There's no pie and it isn't fixed.
There IS a pie. One you bake yourself...
I don't read at all. I despise it, but I watch educational youtube videos insistently. A LOT OF DAVE RAMSEY!!!
04:45 Dave, just because someone is nice and has a pleasant personality does not mean they are not a scumbag
So true. I know one of those. Thanks for adding that comment.
The word of mouth is the most powerful tool in the world
1.6 GPA but I make 80k a year... gotta pay off 7k in stupid credit card debt, already paid off 6k. Then I'm gonna start investing in my 401k. Wish me luck
It's important to acknowledge that millionaires come from a diverse group of people. Some are born into existing wealth, which undoubtedly gives them a head start in accumulating more wealth. Others are hardworking individuals who put in relentless effort and maintain high ethical standards to achieve their financial success. However, we can't ignore the fact that there are also those who adopt cutthroat and unethical practices to amass their wealth. These people definitely exist and the sad reality is often they can continue to operate successfully for a long time.
The assertion that "most millionaires are..." for most people tends to be product of ones political or ideological background vs the realities of the situation. Handle your business and work hard, but don't naive about the existence of sharks in the water.
For every millionaire who is a cheat/con man/criminal, there are a thousand of us who just invested regularly into 401Ks/IRAs/mutual funds.
My gpa in high school and college was about 2.8. I was bored in school. With my MBA I was interested and did much better.
2.0 Gpa completed 2 yrs college. Millionaire here. School was a waste of my time.
Had a 1.5 GPA because I would skip and go work instead. Don't regret it. Bought my first house at 20. At 21 I was making 80k a year. 22 now and about the buy my first rental
I agree with the topic you talking about. However, I know many people who live off of bad debt and they read a book a month.
Sounds like they're reading the wrong books.
So true 😅
I think one of the biggest things is people living beyond their means and not saving.
Either stop spending so much money, or make more money!
There’s so many jobs out there, so many educational resources to get into better paying jobs. I really don’t feel sorry for people working for $8 an hour and want to act like there’s no way up. I’m not saying it’s not hard or it doesn’t take tremendous sacrifice, but it’s not impossible.
We have too many people working for minimum wage, trying to raise kids, and complaining like they are the victim. Yeah, you don’t have enough money! It’s not supposed to work that way. Working fast food raising kids isn’t meant to be a comfortable life financially
I’m not rich . I’m middle class live in the south, but I know I’m not stuck. I could have more if I made it a priority
To put it bluntly, if you're making minimum wage, you shouldn't be having kids.
Why is the richest company in the world buying up silver ❓
It's very smart to copy the richest people on the planet ❗
I played beer-pong, not the whole time but most of the time, and I'm a millionaire. It's a lot of luck to be honest, you have to be open and ready for opportunities, and then once you get them you have to outperform/outlast everyone else.
This thing you call "luck" sounds to me like it takes a lot of preparation, diligence, stamina, and work ethic. I agree that sometimes you just catch a break, but I think everyone gets breaks. However, some folks aren't willing or ready to take advantage of them.
.
P.S. I only played a little beer pong. It got kinda gross fishing the ball out of a cup that someone else had their nasty fingers all over. Plus it was cheap swill beer, and for better or worse I quickly moved to craft beer.
@@sidwhiting665 My college days predate the craft beer craze of the last decade. Breaks do present themselves, but I think Americans in economically affluent areas have a much better chance to catch a break. It's a lot tougher in rural Oklahoma than Southern California.
Socialism is not about being jealous, and it’s not about thinking that they’re all crooks or total jerks. Most millionaires are fine, because most millionaires are basically just middle to upper-middle-class people who sat on their assets. The problem is that capitalism is an inherently crooked system, where a few people get to make a lot of money exploiting the rest of the world. The pursuit of infinite growth means that somebody always has to be giving something up. Yes, anyone can make it. But most people won’t. And the people who are left in the dust are left to suffer. Yes, you should be working hard to keep your money and build your wealth. But that shouldn’t be the only way to guarantee that you can keep a roof over your head, as is becoming increasingly the case these days, with the death of American manufacturing and whatnot.
How are a couple of mid-career elementary school teachers in Iowa, making a household income of $130k/yr, who saved and invested and became millionaires "exploiting the rest of the world?"
If you earn and spend to impress shallow people I can't think of a bigger waste of time
Love yall, Dave and George!!❤
I’ve seen a few wealthy ripoff who they can. I’m talking as customers.
And I've seen poor people rip people off, too. What's your point?
@@GrnXnham Your dumbass really thinks a person with enough money to be extremely comfortable ripping off people is equal to a desperate person?
@@GrnXnham And as far as my comment? I’ll ask, “did you even listen to the video?”
Milton Friedman would talk about how life is not a zero sum game. Trade is for the benefit of all parties involved, or at least should be. That's how economies grow. Sure there are people out there who take advantage of people, but it's not the majority.
Food for thought! a million seconds is 12 days . a billion seconds is 31 years .a trillion seconds is 31,688 years!
Sell your possessions, and give to the needy. Provide yourselves with moneybags that do not grow old, with a treasure in the heavens that does not fail, where no thief approaches and no moth destroys.
As always, amazing video
My counter to being able to be a millionaire AND dumb would be athletes. To be fair, though, they don't stay millionaires many years post-retirement.
I would love to hear a list of books that Dave recommends
Probably “Total Money Makeover”
@@OatPancake besides his own lol
One of Rachel’s books? 😂
@@OatPancake 😂😂😂😂
Millionaire Next Door I am sure would be one.
Thanks Dave - I think I need to re-engage my love for reading 😊
No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.
“Rich people don’t pay taxes” I hear this so often now and it pains me that people can be that stupid to think that.
It is all about proportions
I don't hear they "don't pay taxes." It's more they don't pay their fair share of taxes which is true
@@bgbgbg123 BS
@@nugsin4
What’s good is don’t need to be ultra wealthy to take full advantage of long term capital gains.
Any person that save,invest,avoid debt, and live within means can do this.
I’m retired in 2020 and living on one of my pensions,cash,annuity,and long term capital gains if needed.
Paid zero taxes in for 2021 on $88k income and 2022 with $45k income.
Sold one of my rental properties in February and my CPA will figure it out.
Can’t stop my pension income but I don’t need to take long term capital gains this year and still have tax free annuity and cash if needed.
@@nugsin4
Wasn't an argument.
Just a good thing to be aware of.
A core tenant of socialism is being jealous? Coveting your neighbors stuff is the foundation of capitalism!
Work hard. Position yourself for career opportunities by demonstrating integrity and ethics and continuing to work on your education. Spend below your salary. Sow your seeds ($$) for future crops in proper investments. Be grateful for everything you have. Volunteering in soup kitchen or homeless outreach can keep one grounded on the things that really matter. Learn to do everything for yourself that you possibly can. I actually self contracted building my new home by learning about construction loans and kept the profit the builder would have made by lining up the subs and doing some of my own small work. Almost always worked on my own cars and home repairs through learning how from books and internet allowed me to put money in my pocket to invest. Always paying others for services and things I could do myself seemed like a waste of money and lifestyle creep. For first time ever, I actually hired someone else to paint the house this past year because my time is now more valuable than the money saved.
"famous butts,,,,,,those are the best ones" I agree bro, you received a like from me
In a world where the US Gov't Budget is in the Trillions, having a messily $1 million net worth is not sufficient. Suze Orman has been mostly correct when she said $5 million to $10 million is needed to safely retire.
"Messily"? WTF? Is English hard for you bro?
Depends on your lifestyle. Many, if not most Americans could easily live off $1M, when combined with SS. If you want to take expensive vacations every other month, and order door dash every night, then you probably need more than a million. It also depends on how much risk you're willing to take with your investments. If you're going to stick all your money in CDs or municipal bonds, you aren't going to generate much income.
@@darylfoster7944 The administration is doling out too much money to the special interest cronies. $1 million today isn't what it was just a few years ago and there is not sign that will change.
Orman was correct on her prediction. we need to make adjustments.
So you’re telling me there’s a chance?
I guess technically Im a millionaire... it just doesnt seem like that much these days.
Yeah, I really don't think of someone who is only worth 1 million dollars as "wealthy." I think of them as being more middle class.
How if you are worth 200 million, you are wealthy.
Remember what Deloney says. Students are test takers, not problem solvers.
Problem solving is IQ. High IQ helps you figure out the problem of making money quicker than low IQ. GPA has almost nothing to do with it. You've spoken with Jordan Peterson. He says the same thing in his lectures.
Not all wealthy people are bad, but we do have crooks, think about credit card company and big bank corporation ceos who regularly get bailed out by our government is one example and other corporations ceos who regularly get cash from the government on a regular basis and does not think about it much...
Idk if it’s because of where I’m from, but I don’t think that people commonly believe that wealthy=genius. College education might be commonly associated, but having good grades will usually just help stand out to employers rather than actually getting you wealthy.
You said something profound right here "having good grades will usually just help stand out to employers rather than actually getting you wealthy"
*
The "hidden truth" here is that people with good grades usually end up working for someone else instead of starting their own companies and getting people with high GPAs to work for them. For every Elon Musk, there are 100,000 Joe Smiths who start up an HVAC company and end up with a business worth $10 million.
*
I'm a good example of that too. While I did have a high GPA in school, it's not what made me wealthy. Investing in real estate as a side business is what got me to millionaire level ways faster than my day job ever would have.
Millionaires are a dime a dozen and are mostly hard working lucky people. Multimillionaires on the other hand are few and seem to value the dollar over their conscience. Maybe they lack a conscience.
Yes, evil Dave is one of those.
Millionaires and multimillionaires are everywhere in my area.
You just can’t tell. Even I drive a ten year old car.
Small hat but a whole lot of cattle.
@@blackworldtraveler3711 Lots of cattle - evil.
@@pauljensen4773
From the book “The Millionaire Next Door”.
@@blackworldtraveler3711 What is from “The Millionaire Next Door”?
I can't believe this all this conversation about A-Hs who complain and millionaires that have integrity made me laugh out of my way
I want to see in Dave's millionaire survey the correlation between reading more books and having a higher net worth or income. All too often he says our study doesn't show blah blah blah, so let's see some real numbers.
Check his website
Dave, you must realize there is a healthy portion of the population who are incapable of critically thinking.
In America, that proportion is 99.9%.
The more you learn the more you earn. Hint: this doesn’t necessarily mean more degrees in higher education.
Let's change it up Dave...the 4 lies about the broke and homeless 😮
How do people have time to read books if you work 12 hours a day
Audio books in their cars for their 2 hour round trip commute to work 😊
A few pages a day
Well, I guess time to just lay down and rot
Noone is reading if they work 12 hours a day. I find more middle class people reading.
There are other 12 hours x 7 days. In periods when I completely cut off screens at home I was surprised how much time in a week there is to build yourself up in different ways
All wealthy people are snobs.....just not true. In fact, usually the nicest people you will meet.
The honest fact is a lot of wealth came from companies taking advantage of their employees. Paying themselves an infinite amount over how much they pay their employees.
The average millionaire also carries a lot of debt change my mind
No, we don't. Debtors pay interest. We collect interest. Most millionaires are NOT highly leveraged risk taking entrepreneurs.
The average millionaire has no debt. Own their own home, cars and continues to invest & max out retirement accounts.
Dave, you’re worth about 2 hundred million, great job, but lose the attitude they’re a lot of bigger fish in the pond, you couldn’t shine their shoes.
His head is bigger than the world.i like some stuff like saving but he knows the truth,they steel and play the poor people wt power they have ....they just do it in a more intelligent way he knows what the bible says about evil and money 🤑 greedy people.
He's worth about three times that now...
@@amireallythatgrumpy6508Just not true, according to a dozen sources his net worth was 200 million in December of 2022. Even if what you say was true, which it isn’t, he still needs to lose the attitude, it’s not a good look especially for someone that claims to be a Christian. Some of the people that call him are hurting and it doesn’t help when they’re called an idiot.
@@jayv9286 Sources that rely on data that is five years out of date? (They ALL do). That would be his 2018 net worth. As he stated in his August 2022 video with Graham Stephan he is worth $700 million.
He is right to have his attitude, not because of his net worth, but because 99% of Americans are imbeciles.
@jayv9286 the truth hurts apparently. The first step in fixing a problem is admitting you have the problem, and admitting you caused it. In these cases, by being an idiot
If you’re hung up on that, then there’s no helping you. And that’s not just you specifically. It’s anyone who gets offended when they hear the truth
I'm really shocked that Dave knows Dumb and Dumber quotes, lol.
The two billionaire butts that Dave is talking about must be Jerry Jones and Oprah Winfrey.
Are you a “reader” of books or a listener? I find audible books much easier to comprehend. Reading books my mind wanders!
I'm the opposite usually. People are wired differently. At least your mind is open.
I used to read books all the time. Just can’t sit around like that reading a book.
Started subscribing to Audible in 2012 and listened to over 320 books so far.
With my lifestyle I travel,hike,backpack,fish,walk,bike,in the gym,work,drive,gardening,etc..and listening to books are better in my case.
My mind wondered a bit when I first started listening to books but after the third it was full immersion.
Just finished listening to a 41 hour book this morning while cleaning my garage.
Jesus looked up and saw the rich putting their gifts into the offering box, and he saw a poor widow put in two small copper coins. And he said, “Truly, I tell you, this poor widow has put in more than all of them. For they all contributed out of their abundance, but she out of her poverty put in all she had to live on.”
GPA isn't a great measure of intelligence. I was 4.0ish and then a 3.3 in an engineering degree. All I had was a great memory and the ability to study...very little pure intelligence.
Engineering is hard--you must have intelligence to get a GPA like that. You are humble and that's good!
Brilliant by whose standards? Some over-educated, tenured college prof who cannot survive outside academia because they have no valuable, marketable skills? Please!
At least they can survive in some context. The reality is most Americans CAN'T. And very few Americans have any skills of any description whatsoever.
The roof scoop XD
I only heard 2 lies. Wealthy are all super smart and crooks. What are the other two?
My net worth is about ~$3.5M and I am not rich. In fact, I'm currently looking for a country with a far lower cost of living than the USA to retire. My prime candidate is Argentina. I visited Argentina for the third time in March '23 and it passed with flying colors!
Bro needs Lawsuit Exit Team
1. True just not the GPA is what counts is intelligence
2. I hate reading I poor
3. Many people can't control there destiny, there over whelmed it call inslaving ex-wife taking you back to court every time you make $100.00
4. Sadly when you get rip off you get poor so who care about guy riping people off.
Many can’t control their destiny? And your example is a vindictive ex wife? In that case, he controlled his destiny by getting married in the first place
“The billionaires are some of the nicest people in the world” 😂. Ok, Dave
Yeah they are very personable people who profit off slave child labor in countries most people never heard of. Most psychopaths are charming people.
GPA, IQ, and net worth are highly correlated.
IQ is the single greatest predictor of success
Yeah they are so nice that they pay you minimum wage maybe $1 or $2 above. Where are you forced to work 80 hours a week. If you fall asleep or start nodding off, they complain and fire you.
That is why you work Dave's plan. The plan gives people options. And in your example you can tell that boss to screw off im out.
Remember, no one is FORCING anyone to work at jobs like those. There's a labor shortage in nearly every industry in this country. Skill up, level up, and get into something better than minimum wage type jobs. Even a lot of fast casual restaurants and retail stores are paying well above $15 per hour.
If you're making $10/hr and working 80 hours a week, then you're making over $50k a year because half your hours are OT. You should be able to save some of that.
Most millionaires are NOT business owners. Also, most of us millionaires worked minimum wage jobs- I worked a ton of crappy, low wage jobs from age 12-22. They inspired me to improve myself.