$4 Million Net Worth! - Larry & Dee from Oregon

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[@ToAskEternity]

I live in this area! I have rafted down the Rogue River and I know this house! How cool to see the owners.

[@phatbetbruh]

Then why did Ramsey promote him?

[@janefromthecountry1820]

I hope to someday see The Rogue River. It looks amazing! ❤

[@artisticromance]

I love seeing "normal" people in these stories. We don't all need to go into massive corporations to become wealthy (financially, emotionally and health). That's something I always thought - "well, I don't want to work in a big business, so how can I become financially secure?"... but this couple prove it's possible with wise living and passion.

[@grindhouserob]

That's the mindset that we've been brought up with in society, that the poor or middle-class cannot move up and that the rich are somehow all thieves. NOT TRUE. Read The Millionaire Next Door (Thomas Stanley & William Danko) or Rich Dad, Poor Dad (Robert Kiyosaki) and it will change your perspective. You can change your lot in life and you can become a millionaire, just like Dave has been showing us with these great stories of these great people.

[@janefromthecountry1820]

grindhouserob, Agreed with your thoughts. I am reading The Millionnaire Next Door by Thomas Stanley. Interesting book. 👏

[@mkite715]

$500 a month invested in good mutual funds from age 25 to 65 is around $5.8 million.

[@kfing1]

Lovely people; no ego, hard graft, great story.

[@invisibleinkling1474]

"Keep moving forward." Inspiring message. Thanks! 🐢

[@deathrowtodisneyworld5030]

Just keep swimming!

[@SimpleFull]

This is so inspiring, little by little they worked closer to their dream!

[@grindhouserob]

On Dave's blog it also says that Larry & Dee saved even more money by making their own cappuccino at home every morning, saving $4 every day and about $20,000 over 10 years. I can't tell you how many books/magazines on investment I've read that always mention THE COFFEE FACTOR. It's one of those daily "little" expenses that cost people a lot of money over time.

[@oakrockranch1843]

Thanks for pointing that out. It's so true. We have saved so much by doing everything we can with our own two hands. Not only do you save money, but you don't have to earn the money and pay taxes on it to then spend it on someone else doing a task you can do. Lots of $$$ to be saved in that.

[@jakesauls9944]

They are good family friends! Spent a few days at their house (which is amazing) and got to hangout w/ their cute puppy!

[@graceandglamor]

What a beautiful home! Inspirational.

[@KletoReese]

God Bless this couple! Terrific story!

[@crochetsbycarmen5537]

Very inspiring! Thank you for sharing!

[@bullonwallstreet]

Excellent story. Thanks for sharing it with everyone.

[@deekircher21]

Excellent video! So inspirational!

[@WorkWorks85]

That house and land right on the river....beautiful.

[@janefromthecountry1820]

You have the most beautiful home.The Rogue River in your backyard. Such beautiful views. . Slow and steady wins the race. My favorite millionaire story .❤🌳🌳🌳😃

[@dipaknadkarni62]

I hope that are closer to 5M now. God bless.

[@ImStuckInStockton]

10 percent return should double your money in under 8 years not 10

[@DocBrainiac]

Yep, rule of 72... Years to double your money = 72/Rate_of_return. If you can hit 9%, it takes (72/9)= 8 years ..

[@Brooke7114]

Awesome house and property.

[@janefromthecountry1820]

Larry and Dee have the most beautiful home in the world on the most beautiful lot on the Rogue River! ❤😃🌲🌲🌲

[@MegaSunshineyday]

Beautiful couple! Beautiful Oregon!

[@BRuane-pw6xq]

An interesting point is what is more important Net Worth or cash flow and do you count a Defined Benefit Pension in the calculation. For example is it better to have a Pension of $ 100, 000 per year or a Net Worth of $ 1,000,000. Better to have both of course but most Pension Plans are gone. I am fortunate I just retired after 40 years and have a Pension. Using the 4 percent rule that Net Worth level produces $ 40,000 in annual income. I have been told not to include Pension , which would include both my Pension and social security , in the calculation of net worth. My sense is Pension income should be included in some way.

[@TartarianTopG]

Amazing voice

[@janefromthecountry1820]

Very much so👏

[@royal1investments]

Great story and he's an SDSU Aztec, just like me. Stay classy Larry and Dee. :D

[@tithi8782]

I love this house so much!👁️👄👁️✨

[@RK831]

They did not specify exactly how they got to their $4M.

[@daishi15]

I lived in Oregon for 5 years it’s a good state

[@robloxvids2233]

This 2019 comment sure aged well.

[@nawfalal-asadi5140]

wow !! simple and inspiring , good for you. do you have kids though?

[@oakrockranch1843]

We're empty nesters now, but yes, 2 kids, 25 & 34.

[@ashwathbhide6442]

@@oakrockranch1843 ..hey your story is awesome.... But all retirement plans only work if you live!!! 😀😀😀😀

[@ashwathbhide6442]

@@oakrockranch1843 myuncle died of heart attack... At 34...poor man had been saving 60percent of salary.. But he died without getting any outcome... That's why I told!!!!!

[@oakrockranch1843]

@@ashwathbhide6442 Dying early or unexpectedly young is sad and unfortunate. That said, we can't live our lives in fear of such things as we must plan for a long and healthy life and do the things that will help us achieve those goals. I think it's better to save and invest so you have money when you retire than to blow all your money when you're young because you think you're going to die early. Until there's a crystal ball that will tell us how long we have to live, it better to plan for a normal life and happy retirement. I hope you live long and prosper. Good luck!

[@janefromthecountry1820]

Justin Root of Good has three children and retired from the grind at age 33 I believe. It can be done with children.

[@Sermoms]

Would be nice to hear how they did it and not just who they are in this video.

[@oakrockranch1843]

Unfortunately, this video was edited down to 6 minutes from an hour of recordings. I too would have left more "pearls of wisdom" in the clip had I done the final edit. You obviously know the Dave Ramsey method and I would say he's very close to the path we took over the last 30 years. No debt, live below your means, invest smart, keep pushing for additional income, get your money working for you, and be tenacious. One important step that was left out was to do as much as you can for yourself. In other words, fix the sprinklers yourself. Do your own landscaping and house cleaning. Paint your own house. Change you own oil and car repairs. Cook your own meals. It sounds like no big deal, but all the money you save by doing it yourself you didn't have to earn and pay taxes on to then pay someone else to do it. Win, win! Good luck.

[@CarasGaladhon]

They consistently contributed to their 401ks

[@QQQBall]

Rule of 72... 72 divided by interest rate equals time required to double... 72/10 = 7.2 years

[@oakrockranch1843]

On paper, the Rule of 72 looks great, however I considered our relative net return after the cost of taxes, inflation and commissions when stating the doubling after 10 years @ 10%. In other words, after capital gains taxes, the cost of selling assets (especially real estate which we are heavily invested in) and what the purchasing power will be in the future, I get a more accurate effective rate. From our perspective, it will take 10 years @ 10% to double our money once cashed out.

[@QQQBall]

Rule of 72 is a simple math computation. That's all. Its not inflation-adjusted, after-tax or any other iteration. Is that not evident to you? You must be super rich anyway since you can accurately project inflation a decade into the future, tax rates, etc. At that point is subjective to teh max. Rule of 72 is simply a cocktail napkin calculation.

[@oakrockranch1843]

Oh I get the simple math part but math in a vacuum void of real life circumstances is virtually worthless. Being able to project the future has nothing to do with being super rich either. It's all about trends and intuition. Obviously I must have been fairly accurate or I wouldn't be in my position today. That's it.

[@QQQBall]

Right, because in 2007 you were projecting negative interest rates on sovereign bonds? :) I'm done.

[@oakrockranch1843]

I wish you lots of luck with this attitude. I'm done too. LOL

[@nealp885]

Why do people include their house in the net worth?

[@oakrockranch1843]

Houses, cars, stocks, bonds, etc would all be considered part of your net worth as long as they are paid for. Why wouldn't you include your house as part of your net worth?

[@craighapp4777]

Like Dave says, your net worth is what you own minus what you owe.

[@markg999]

Neal P Why wouldn't you ? Everything you own outright or have equity built up is counted towards networth.

[@nealp885]

I ask this because a house does not make you any money or produce income, it takes money from you paid for or not, you have to pay taxes and maintain it. Sure you make money maybe if you sell it but only once. So a home would be considered a liability since every month there are expenses to own it even if there is no mortgage.

[@theoutdoorsman4548]

Yes, a house you live in is not an investment property that makes you money every month because it is not a rental property if you're not renting it out to someone else. However, it is consider part of your net worth after its paid for. For example, a collector car paid in cash that worth $50,000 is part of your net worth even if you're paying insurance on it every month and a licence and registration every year.

[@christopher_roger]

A 10% return will double your money every 7.2 years. Rule of 72.

[@rickyayy]

10% returns is unrealistic in this current market

[@isabelmorse686]

😍😍