5 Jobs That Create the Most Millionaires

[@DorathyJoy]

Unemployment is an odd concept in an economy where for so many folks it’s necessary to work multiple jobs just to get by. Loose one and you’re counted as employed but suddenly don’t have enough money to live.

[@BellamyGriffin19]

The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@SandraDave.]

Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

[@RaymondKeen.]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@Hectorkante]

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

[@RaymondKeen.]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@cmg2651]

My youngest son is a master plumber, went into a four year apprenticeship…worked 40 hours while doing the school part…no student debt, lives frugally and saved all his money, Owen’s his personal vehicle and work van outright. He is 30 years old, started his own business and is getting ready to purchase his first home with a small mortgage and purchase a small fixer upper with cash to use as a rental property. His father passed away the month after he turned 13, did all this on his own. Don’t say it can’t be done. Hustle!

[@shariff4473]

You’re youngest sons father passed away?

[@ked4]

He named his car Owen?

[@brad265]

Love this!

[@MJBclassics]

​@@ked4omg in tears

[@jaymkz3225]

@@shariff4473might be a step-son…this guy should clarify if that’s the case 🤦🏽‍♂️

[@curtcoltharp3719]

I was dead broke at 45 and made it back at 63 by using Dave’s common sense principles. I’m retiring in two years and will be fine. The US economy makes successful people if you only believe in it and stop listening in the negative politicians who run our great country down.

[@Film_Quest]

What did you do if you don’t mind me asking?

[@IAMYAMAMA]

@@Film_Questlie on KZbin comments

[@WhiteytheLab]

Glad to hear it. Had a gray divorce and lost everything at 56. HECK of a time to have to start over... I'm now 60 and trying to regroup with my own business.

[@curtcoltharp3719]

@@Film_Quest insurance sales. I went broke in the trucking biz and started over selling insurance to truckers. I just renewed one today. I speak the language and understand their issues and I pretty much keep my customers long term. When life gives you lemons just make lemonade. Starting over broke, I avoided lifestyle creep, lived simple and invested every spare nickel. I’m still driving first new car I bought in 2010 and it’s got 240,000 on it and sort of a badge of honor if that makes sense bc my old car was worn out and done and my credit was like 540. I walked out of a Toyota dealership with no down, zero interest Toyota Financial note that I paid off early. How you present and carry yourself overcomes lots of things. I’ll probably never part with that Camry.

[@curtcoltharp3719]

@@WhiteytheLab time is more valuable than money as I learned. Hang in there there, make a plan and stick with it.

[@Sailius54]

36 yo with 400k in stocks and cash and 165k in equity. Electrical engineer is my profession.

keep it up and never make excuses for not paying yourself (investing)

[@jalenc517]

Forex

[@thinkingoutthebox7253]

@@jalenc517forex is a scam

[@fivebooks8498]

49 with zero in stocks. No 401k at all. I have 3 properties with about $850k equity. I own a restaurant worth about $700k. I have about $350k in cash. With vehicles my net worth is about $2 million. Never put a dime in a retirement account. Honestly I made most of my money since Covid the last 4 years. I didn’t even have money for a retirement account until recently. Edit: Flipped some land recently. Now $500k in cash.

[@Plenty_for_Twenty]

Congrats. Fellow EE here. I'm a few years junior but on a similar track. Bought a home last year, 75k in investments, and 6 mo emergency savings. My target is to save 70% income, getting closer each pay period.

[@sirheisenberg4459]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[@antoniaribeiro8073]

The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.

[@PennyBernadette]

The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.

[@NorthCarolinaForward]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

[@PennyBernadette]

REBECCA NASSAR DUNNE is her name. She is regarded as a genius in her area and works for Equity Services inc. She’s quite known in her field, look-her up.

[@PremSteve-yg4de]

I find this informative, curiously explored Rebecca on the web, spotted her consulting page, and was able to reach out to her, she shows quite a great deal of expertise from her resume.. very much appreciated.

[@masterwaxer1502]

Big respect to Theo for inviting Dave onto the show because Theo has a big audience with young people making up the vast majority so this is great exposure for all of us. Dave’s methods do work as I am using them currently myself.

[@TheNisgi]

Just make sure that you continue to educate yourself and move on from Dave once you’ve gotten everything you can out of his methods. I strongly believe JL Collins is a much better resource for young people who are just starting out and haven’t made as many dumb mistakes, whereas Dave is better for someone in their 30’s who is just waking up to the importance of managing personal finance. If I had read Simple Path to Wealth as a teenager instead of going through FPU I think my net worth would be double by now because Dave’s methods simply just too one size fits all. Personal finance is personal and the sooner people understand the rules that govern finance instead of blindly following Dave’s method the better (and don’t get me started on how borderline criminal and certainly unethical Dave’s investing “advice” is).

[@Scottyv12]

Never would have expected these two to collaborate. This is awesome!

[@RomanShepherd]

They live close to each other in Nashville

[@joellape6494]

I’m a machinist. I worked internships in high school that lead to me finding an employer that would pay for my college. That employer also put me through an apprenticeship. That apprenticeship allowed me to advance myself in my machining career and become an adjunct instructor at the college that I graduated from. I worked days as a machinist and nights as an instructor. My house is paid off, I max out my 401k, and I max out my ROTH IRA every year. You’ve got to work hard and save if you weren’t born with the silver spoon up your butt. Invest in yourself and learn a trade.

[@gvsniche7375]

Christian Bale?

[@KevinNordstrom]

You left out don't have kids.

[@onestepclosertoheaven7347]

I am also a Machinist. My net worth is about $250,000 with a mortgage. I am 29 years old with 3 kids. I usually put about $12 percent aside in investments.

[@joellape6494]

@@KevinNordstrom, I have 4 children

[@XtermanboyX]

Props, I’m a machinist going for an engineering degree and dumping money into investments

[@tonysilke]

A job honestly doesn’t gives you the time, space and opportunity to chase your dreams and achieve your goals. From personal experience i can tell you working a serious job is modern day slavery. they pay you a small amount for doing a significant amount of work and promises you promotion. Best advice make investments and take calculated risks that would guarantee your success.

[@Nernst96]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money.

[@PatrickLloyd-]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment

[@PhilipDunk]

@@PatrickLloyd- Could you kindly elaborate on the advisor's background and qualifications?

[@PatrickLloyd-]

Finding financial advisors like Sophie Lynn Carrabus who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@PhilipDunk]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@Black_Jesus3005]

Theo and Ramsey? I never expected this one

[@CaptainBenjamins]

Like seeing two different worlds collide

[@cesarsanchez9697]

Well they’re close to each other. Not hard to get together logistically.

[@UK.Personal.Finance]

"we're always hearing we gotta pay these teachers more" had me laughing

[@dirtbiker651]

Ramsey is the perfect host, because he never stops talking!!! Makes interviews really easy!!

[@TrackinDaMeta]

"if you're an engineer there is only one way to do it" spoke like someone who hasn't met any engineers lol

[@littlebigplanet321]

Exactly! I'm an engineer and that the opposite of what we describe our job as

[@Hashtagcris]

I'm not an engineer and I thought the same thing.

[@its-me-here]

Think big picture, organization, coordination etc

[@TRAVIESO_NA]

agreed, its all about "BREAKING THINGS" less about systems of success, more about "re-inventing the wheel over and over"

[@jwsledge]

What he mean, is there is a set a parameters engineers work within standard engineering practices.

[@swampThaang]

I would have never guessed in million years that these two would connect. Like snoop dogg and Martha Stewart

[@markhottman2652]

Engineer Accountant Teacher Management Attorney

[@montanosanti]

Comedian 🤪

[@skeginaldp1533]

KZbinr

[@1ZosoLZ]

An attractive girl on OF

[@newagain9964]

@@1ZosoLZOF not necessary. Just find a simp and she’ll end up with assets AND cash 💰

[@jordancarlin9687]

Accountant is the # 1 occupation getting replaced by AI

[@chris2884]

Don’t forget that a million today was only 250k in 1980. A million isn’t what it used to be

[@mirzatajic89]

That's true, but if your worth a million your still living pretty comfortably.

[@ShutterSpeedGaming]

@@Garywhitetrumphobgobblermy mortgage is $565 per month thanks to the likes of David Ramsey 😎😏 nice joke.

[@Dud-in9iu]

Not true, you must have come up with that number on your own. You can see the ACTUAL answer using a CPI calculator. $1,000,000 today is equal to just over $320,000 in 1980. Considering the median wage was $28,000/year back than, that is a lot of money. Don't believe hearsay, do the math yourself to find out the truth

[@miyard9233]

@@Dud-in9iu I million is still 1M. The conversation here doesn't talk about the spending power of the million, and so that is far another conversation.

[@ThursdayLaneNumber1Fan]

@@mirzatajic89 you're

[@captainmo3064]

My wife and I took Financial Peace University prior to getting married. In June we will be married 16 years. She is a teacher and I am in sales. Paid off home. No debt. The house is worth $850k. And we have close to 900k in the market. It can be done. We are ordinary people. And live in a high cost of living area. Paid off the house 11 years 4months. Still no debt. 44 and 38 years old. It can be done.

[@byRoyalty]

how much does your household make? If you don’t mind me asking

[@captainmo3064]

@@byRoyalty married 90k now close to 300k

[@byRoyalty]

@@captainmo3064 damn. my girl and I in our mid twenties have been living together for about 2yrs and bringing in combined about $130k. I am also in sales to try and increase my income.

[@EmergencyChannel]

I live with my parents still and our combined 3 income is less than $100k. We barely survive, all driving 15 year old cars and eating at home every night.

[@gil9905]

Your an inspiration brotha!

[@chadfield376]

This can be done in the military also; I am a retired Army Chief Warrant Officer of almost 28yrs at 47 with a pension and 100% VA disability at $9200mo (combined checks) after taxes that will only continue to increase as cost of living increases each year until I pass which I hope is not for another 50+ years😊. The only thing I would have done different during my active duty days was bought a property at each of my stateside duty assignments.

[@shadow6543]

I love to hear vets doing well 🫡🇺🇸

[@Riggsnic_co]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[@JacquelinePerrira]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

[@kevinmarten]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.

[@Ashley186fre2]

I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?

[@kevinmarten]

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

[@Ashley186fre2]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@jeffsmith7840]

36 year old lineman here. Make 225k a year no degree. Pension, 401k, and hsa. My main financial woes r daycare. Daycare since covid started has gone up 45%. From $980 month to nearly $1500. I’ve spent nearly 250k on daycare in the last 6 years for my three kids and about to have a fourth

save/invest....don't make excuses. You may not be able to put away as much as others with that basketball team you have but you can still do it.

[@curdledcuntjuice]

If you’re making 225k a year why do you pay for daycare at all? At that point your wife should be able to afford to stay home with your kids

[@MrMitokiller]

Do you not have a wife?

[@ThursdayLaneNumber1Fan]

@@MrMitokiller Marriage is for fools. This guy got lucky. His luck won't last long.

[@TheNuttyCreator101]

Jesus $1500 a month for daycare is insane $980 was already bad. Obviously it’s a need but it’s crazy how much it costs

[@NYCSparky717]

My wife and I amassed over 2 million dollars between our home and 401k. I’m a construction worker in my mid 40’s. I’ve been investing in my 401k aggressively to the point that I’m almost living check to check but I do enjoy watching it grow.

[@Bloombergizzle]

This is the way

[@jgons]

@@Bloombergizzleyou should only do 401k until match and then invest in other accounts after that.

[@cameronblack7984]

"You shouldn't steal people's hope man, that's evil" - great fucking quote

[@nickc3856]

1. Engineer 2. Accountant 3. Teacher 4. Management 5. Attorney

[@JCtheComicGeek]

A public school Teacher is a low paying job sadly. They meld the minds of future, Dr, lawyers, actors, presidents, athletes, ect. They should start at a bigger salary. And public school to teachers have to pay out of pocket for class room expenses

[@wtf1231122]

​@@JCtheComicGeek 90% of teachers are lazy

[@Canadianfalcon]

As a teacher, I'd say thats categorically untrue. We also get far less PTO because of school vacations and a big chunk of that summer is spent in training. That being said, far to many teachers use it as a fall back job. Couldn't make it in corporate and ended up in education which dilutes the education experience and hurts quality. We need higher standards for who can be a teacher and higher pay since they would need to up credentialing

[@John_GGG]

@@Canadianfalcon far to many?

[@mattcummings6325]

What about construction I’ve been making 6 figures since I’ve been 18

[@GlassJack]

I don't often like Dave on his own show, but this was a good episode. It's probably good for him to be the one getting interviewed once in a while.

[@RobbaKeef]

He has some good ideas, but his quasi religious business mix is suspect as hell

[@GlassJack]

@RobbaKeef yeah, I agree. I don't know how any of it fits in with giving solid financial advice or why he doesn't allow his employees to have pre-marital sex. Seems like a huge over-step, and he knows people will agree to it because he offers solid employment packages.

[@RobbaKeef]

@@GlassJack I had an older couple cancel their whole life insurance because Dave Ramsey came to their church and said people should only have term life insurance.... meanwhile they had just refinanced their house and both over 65 and the husband was still working.... not the best time to cancel your life insurance... one size fits all solutions. Don't translate a lot of times.

[@jimsonjohnson3761]

Basically the no debt figuring out how to save more and or make more is good. His managed fund only investing is really quite silly and he will die on that hill.

[@BG-zb4fc]

Learn a skill, work as much as you can, have low expenses, don’t keep 100% of your money in a bank reinvest in your skill. If you have people around you that don’t give you support find people that do.

[@kylemathews9677]

Very underrated comment.

[@mst3kpimp]

these days grifting seems to create the most millionaires.

[@BORGES1810]

Yup, and Dave is a great example. Whole website is a grift lol. anyone with a self proclaimed "university" is a grifter

[@corey6393]

@@BORGES1810 You can listen to his radio show or free, take the advice he gives, and get ahead. Not much of a grift if you don't have to pay for it.

[@byronrogers4489]

Lol. Untrue.

[@byronrogers4489]

​@BORGES1810 losers complain. I'm close to being g a millionaire thanks to Dave's teachings. I'll be rich. You'll complain. At the end of the day it's your own choice .

[@BORGES1810]

@@byronrogers4489 sure buddy🤣🤣🤣& only close to being a millionaire? I’m actually a multi millionaire & once worked with & fired Dave. He’s a certified grifter, making money off bros who can’t think for themselves

[@xaviertorres6301]

Crazyyyy to see teacher on that list

[@loodakris5928]

I may need some context with that one.

[@supercooldude824]

Not surprised at all all my teachers in high school calculate every dollar they make they are very nerdy like that

[@j7404]

Yet they cry for more money

[@semiwandering295]

Most teachers are woke libtards not good with money

[@robertheadley3483]

I seen this before and they showed that teachers are most likely to be married to millionaires....

[@jimmbear3998]

My Dad was an engineer. He made a good wage, nothing crazy. However, he did exactly what they talk about, living below means. He bought a house in California in 1969 which my Mom still lives in today. He put as much as he could into his 401k, put money into savings bonds, and an IRA. He always paid 100% cash for his cars and always paid off credit cards in full. If you do that, after 30 years you will have a paid off home, paid off cars and a nice nest egg.

[@JUnitGaming]

In my area buying a house was a no brainer. Rent went up to 2500 a month for a small 2 bedroom. A house that was once worth 200k is selling for 400k. My wife and i spent 8 years saving everything we could. We stopped going out. We stopped eating breakfast for christ sake. And finally someone took our offer and we moved into a home that had a mortgage payment lower than avg rent in our area. Now. What weve done was a great achievement, but still....in this greta country it shouldnt have been as hard as it was. We have to stop this big companies buying up property for airbnbs

[@jasonleatherwood2172]

Long as you can afford roofs ac pumps fence deck replacement etc a house is a blessing i know alot of people with no ac and leaking roofs cause they cant afford to fix it

[@Bread996]

@@jasonleatherwood2172 Not to mention all the compound interest paid on a 30 year mortgage. When you do the math at today's 7% rates, buying a home is NOT an investment, it's a purchase.

[@ldiggs9072]

How are you going to stop them. I'm down

[@jasonleatherwood2172]

@@Bread996 yeah paid my house off in 13 years if i ran it all the way too the end of 30 years with repairs taxes insurance total mortgage cost i did the math versus renting is basically the same now if ur smart like me pay off in 13 years yeah ur doing much better

[@yourdaddy9622]

Same boat. Bought my house for 102, and now it’s valued at 4. Cars are paid for, and my wife and I are happy. Our mortgage is literally cheaper than a one bedroom in the ghetto. It’s wild how bad people are with money.

[@davel3616]

The reason there are more engineer millionaires than doctor millionaires is that there are way more engineers than doctors. But he’s right about the process mindset.

[@akatsukiawsome13]

I knew immediately where this was going at 1:40. I just cant imagine not adjusting for frequency. Meaningless stat without it.

[@jakedickensheets453]

I think the problem is that they surveyed only the millionaires instead of surveying random samples of the specific jobs. Adjusting for frequency here would also make the entire study obsolete because there would be no data, right?

[@jonagss]

Engineering economics

[@steveo85]

I thought for sure divorcing your millionaire husband would be number 1.

[@eren_yeager9927]

The richest people in the world are basically engineers (Jeff Bezos, Bernard Arnault, Elon Musk, etc.). The top billionaires and the top millionaires are engineers too and not doctors. Doctors are overrated in society

[@carbon-structure]

401k's are great. If your company offers a contribution match, you're instantly doubling your money, it doesn't matter how much you make to start leveraging that early.

[@robbyprice8247]

My definition of millionaire is that if someone came to you and said I need a million dollars cash in 24 hours I can say “I got that” If you can’t touch your money until you are half way in the grave, or you have to go homeless and sell your house you aren’t a millionaire you have a net worth. Those to me are completely different things.

[@Mr.McCann978]

Having a million and being worth a million are 2 different things.

[@economicdevelopmentplannin8715]

A hypothetical Government pension and social security is 60k yearly. That's well over a million dollars in net worth.

[@hyzerfl1p]

Nobody cares about your definition

[@asoggyburger479]

That’s nice you make up your own definitions, a millionaire by definition is simply a net worth millionaire. That’s also exactly how Dave describes them, there’s no smoke and mirrors here.. lol

[@Blackculture-832]

Facts, I wouldn’t say I’m a millionaire unless I saw it in my checking or saving accounts.

[@ScottMartain]

Being generous has made my life a living hell

[@LuxuryBeatsMusic]

4:45 “you shouldn’t steal people’s hope man, that’s evil”. And that’s why they say evil runs the world. There are definitely people / forces that want to keep other people trapped or beneath them. 💯

[@brianmccloskey2842]

Air traffic controller here. Will retire at 56 worth around $2m, assuming no major emergencies.

[@fendi2581]

what investments did you make to get there?

[@brianmccloskey2842]

@@fendi2581I max out my TSP and IRA.

[@danielcsosa96]

How do you feel about making that your career? I'm not knocking it we all gotta do something but I've heard from quite a few ATC's that they wish they reconsidered their career choice and that working conditions have continually gotten worse over the years, etc.

[@urielcorza2870]

Stress to income not worth it. High suicide rate. Pass.

[@brianmccloskey2842]

@@danielcsosa96without a doubt the best decision I ever made. I work 4 hours a day. Get paid for 8. Sunday premium pay, overtime when I want it. 22 federal holidays, double pay if you work them. Generous sick leave, PTO. Great pension. The list goes on.

[@ks986]

Dave’s principles (God’s and Grandma’s) are life changing. Sticking to the plan will turn your life around !

[@johnappleseed203]

My cousin is a public teacher in Northern Minnesota. Town of 300 people. Slowly but surely, buys properties.... gets to 50 some doors and retired at 52. One of the wealthiest dudes I know.

[@rp-wb6xn]

Nice, he own mostly single family homes, apts or a mix?

[@crb4059]

Did they use kamala's 15k down pymt assistance ?

[@peacefulruler1]

The common skill and insight among those top 5 occupations is understanding how numbers/math works, on a practical level. When you understand compound interest, and get a career in a good company that helps you grow your 401k or pension, you have an easy vehicle to grow your wealth. Never carry a credit card balance…the interest rates will kill you. Max out your 401k; this lowers your tax rate, you can borrow against it to buy a car or house down payment, use it as an emergency fund. Don’t buy an expensive car or boat…they rapidly lose value, can kill you or others. Buy instead of rent your residence. Sooner is better, cause inflation will increase your value over time. Pay tithes and help the poor, and God will bless you, and it will keep you grateful for all the blessings you have. Be faithful and loyal to your boss, job, family. Find a way to enjoy who you are, your position in life, take vacations and needed rest, use your gifts, talents, aptitudes, and ambitions to excel and benefit yourself, your loved ones, your community, your state, your nation, and the world. And your soul will be rich beyond measure.

[@JoeGoble]

Dave's shirt is holding on for dear life

[@Ghostface-1393]

Big wallet big belly

[@carbonking53]

He needs to invest in a personal trainer and his health.

[@Ghostface-1393]

@@carbonking53 Seems to be healthy to me. What makes you think he’s unhealthy?

[@carbonking53]

@@Ghostface-1393 The fact he is clearly 20-25 pounds overweight, or more. Obesity is huge health risk.

[@Ghostface-1393]

@@carbonking53 Everything is a health risk… people with a “overweight” bmi live longer according to research. Don’t confuse bodybuilding for health. Either way his body his choice also he is giving money advice which has worked for millions not nutrition and exercise advice. Good day sir.

[@theclozer]

Dave Ramsey is all over the map!

[@thelostcosmonaut5555]

Dave Ramsey is a grifter.

[@hyzerfl1p]

@@thelostcosmonaut5555 how?

[@johnnyj222]

I used to teach. Dave’s comment on them is true for a small portion of them. In my experience you have either a lot of intensity (his gazelle type) or you have absolutely none. There really is no middle ground. When I would be “making copies” for would look out at the teacher parking lot. I would see some beat up cars, including mine, and they belonged to the teachers that went to state schools, borrowed nothing and invested. They didn’t show off. Then there were the late model vehicles, typically owned by the ones who went to private schools and owed money to everyone. Guess who complained about being underpaid?

[@jessejustsick]

Becoming a millionaire is not so much about being rich, but more about being financially independent and secure. Personally, I'd love to know what that feels like.

[@dachunde]

Theo; "How do you come upon these millionaires?" "The same way you come on thousandaires."

[@Hunter96187]

My man is the problem with these boomers literally hoarding properties and selling them for 10X what they paid right before they die. I understand I sound whiny but it’s literally bullshit how much homes cost

[@Hunter96187]

@chrisgooglemapsBuddy it’s not the same thing lmao? Bitcoin cost 1 cent in 2012 a house in 2012 $160k? Maybe understand your metaphors before commenting.

[@theguycisterninoyelledat6272]

I love this because one of the most common things you see is how so many people blame external factors for their financial struggles and sure inflation and the economy does play a part. In reality, however, its most likely your fault. So many people live above their means it's ridiculous.

[@DavisBrown-q1d]

I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?

[@EvelynMoore-nu7lf]

Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.

[@GraceDavis-et2to]

It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.

[@AmeliaWilliams-qb6uy]

I spread out my $25k portfolio across various markets to diversify my investments.

[@RoySmith-jb5jl]

That's awesome! I ended up making a net profit of about $115k by investing in high dividend yield stocks, ETFs, and equity.

[@mariannejose5896]

Naomi Dean stands out from other brokers because of her realistic approach, unlike those who often set unattainable targets and fail to deliver. She's truly unique!

[@reesercliff]

The reason for so many millionaire teachers is because 75% of them are female and just naturally married men who make a much better salary. They kinda have to with how little they make. So that data is kinda skewed. I'd like to see the data on millionaire teachers who are the primary breadwinner.

[@sykal]

where did you get that statistic exactly?

[@TeamTORG]

@@sykal up his ass and to the left

[@ninjacats200]

Teachers salary’s are public info. The school district I went to which is a public district. The average teacher makes 200k a year. I live in Ohio. Cost of living is not as high as like California for example. The lowest teacher salary we could find in a 500 mile radius is 80k a year. Which is more than livable. Friend of mine has a sister that’s a teacher. She always complains they don’t get paid much. She makes 120k. With having been teaching for 3 years. I know it’s not the same everywhere. Like some iner city schools in some city’s in the country don’t get paid a lot. It’s definitely a case by case basis. But according to the research I’ve done and same as other people I know who live in other areas of the country. 90% of teachers make a more than livable wage for where they live.

[@Joefest99]

Hey, good point! The only issue is that a lot of high-earning professions, like doctors, don’t make the top 5. That’s why the “systems theory” may still apply. But good try!

[@lh5567]

@@ninjacats200200K average teacher pay! Hell NO!!! I used to be a biology teacher and coach…. That’s the most ridiculous thing ever said!!!!

[@Seanpfree]

First-time home ownership is over especially in Tennessee. We've realized we'll never own our own home when "starter homes" are 350k at 8%. We've put in 77 bids over 4 years ALL outbid by cash offers.

[@RealMTBAddict]

Only thing affordable in Colorado is a 40 year old trailer with a $900 a month lot fee.

[@AnglandAlamehnaSwedish]

In Tennessee? Woaw every says the homes are the cheapest cuz noone wants to live there n I been hearing this from ppl who lived in Tennessee n others who were looking to live in tennesse for the last 20+ years , amazing all of my friends lied to me

[@dylannewby3926]

Try living in Australia 350 k gets you the land no house

[@mr.doctorcaptain1124]

Move to an affordable state or vote trump

[@raramcgee4982]

@@mr.doctorcaptain1124trump raised taxes for us normal folk, went into affect last year. He didn’t do jack shit for the average man, you fell for the bait, again lol.

[@terrisewell4729]

Great video, Alot of the millionaires are heirs. Real selfmade millionaires are investors . And there is nothing like luck but taking risk and timing included. And you need a some education. To become a millionaire by yourself should not be a goal (depends on country) because its just out of reach, i pray that anyone who reads this will be successful in life too 🙏🙏

[@eseieanas]

You're right, you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.

[@Jameshenry-gu1fi]

I agree with you had a senior colleague at work who was doing well but never had an investment. Unfortunately he lost his job and went from living a comfortable life to hardship. There would had been something to fall back on if he had an investment

[@johnalex4006]

That's why I always urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.

[@Soboj-oy8me]

yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too

[@philominafashi1662]

exactly! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn

[@MichaelYouTube23]

People think millionaire means million(s) in the bank account ready to go

[@rally_chronicles]

That's the only kind. The rest don't count.

[@TheShowOff2I]

Most millionaires are only Net Worth Millionaires not Liquid Cash Millionaires

[@negan4089]

That’s a cash millionaire.

[@jaym3796]

@@TheShowOff2Iexactly. Unless you’re gonna sell your house your still not a millionaire

[@theguycisterninoyelledat6272]

@@jaym3796 You obviously don't understand how economics work. Being Asset wealthy still makes you wealthy even if you don't have tons of cash. Really having Assets is more of an insurance than cash because dollars aren't backed up by anything therefore their value only exists in our minds.

[@Kyriecat12]

I am an engineer following his plan 😂. It makes sense now to me! I NEED the process and guidelines of his plan. I also found a 12 step program in recovery has healed me more than any therapy! Now it all makes sense.

[@mkeller8114]

Live within your means and put 15-20% plus in an S&P 500 index fund every year and stay out of excessive debt and you will have your millions. You don’t need a Ramsey plan.

[@Story_Crow]

I’m in WHS management and this makes sense to me! Also did the 12 step program with Celebrate recovery. follow the process

[@patrickchilds5486]

House we bought in 2013 for 600k up a million now. Florida crazy. Just paid it off.

[@noahvalley8268]

Sell it and buy bitcoin

[@rawcircoking]

Thats horrible advice ​@noahvalley8268

[@noahvalley8268]

@@rawcircoking check back in 4 years when bitcoin is 150k+ next bull run and house prices are down because high interest and bad job market made them unaffordable

[@rawcircoking]

@noahvalley8268 lol don't sound so emotional about it. Theirs not historical data to say that it would hit that number at all just your hopes and themed driven. Maybe you listen to robert kiyosaki to much

[@rawcircoking]

@noahvalley8268 the big money isn't buying btc itself. They'll let dumb money do that.

[@markperry1556]

This is a Collab i did NOT see happening

[@swod1]

CPA here - there’s a lot of ways to do things lol

[@ThursdayLaneNumber1Fan]

Can we agree that men should never get married?

[@RosemaryMwangi-r4u]

Right😊

[@MuzixMaker]

Same with engineering

[@markhousman8447]

Time and compounding is the key. If you invest $800 a year in a Roth in S&P500 starting at age 18, you will have $1M by full retirement age. Exponential growth (compounding) is a crazy thing that the human mind isn't set up to readily understand.

[@fhgdngdfh]

Also, good luck convincing an 18 year old to save money.

[@leafster1337]

@@fhgdngdfhlol

[@Dud-in9iu]

Being a millionaire in your 60s isn't as fun as being one in your 40s.

[@moonknight4053]

What’s the stats to prove this method?

[@jimsomerville3924]

A big key to me on those professions is they all (except "management") require licensure or certification to operate in the field. Cuts down on the market getting flooded by quick entry people with limited expertise, offshoring, AI replacement, etc.

[@matthew7iu9fenton55]

I am and engineer and the ones I work with along with me we all have similar mindset so it’s not suprising it’s top5, but putting my engineering ego aside (it’s huge), to the defense of doctors and lawyers is they are underrepresented in the population. I I would like to normalize the data to see percentage of careers/professions that are millionaires.. that may help those fields quite a bit since my guess is there are more engineers?

[@wbexteriors9808]

@matthew7iu9fenton55 It’s not what you do for work. It all comes down to spending behavior, saving/investing, motivation and making good choices.

[@missjanelove]

As a finance person who has worked with several engineers, its mindset. Engineers are numbers driven and result oriented -six sigma and continuous improvement. Doctors are not as disciplined in those areas.

[@F32Aidan]

Engineer that writes like my brother in seventh grade🤣

[@badart3204]

@@F32Aidanthat’s just accurate. Engineers aren’t great at writing

[@eren_yeager9927]

@@badart3204You know nothing then, you clearly haven’t even met one

[@jonny-b4954]

2:10 Where's family construction businesses? I work with quite a few millionaires (on paper) who are just contractors. Sometimes doing additions, sometimes houses, sometimes odds and ends etc. And they just have a dozen plus sub-contractor relationships over the years and one or two main crews. Heck of a lot of work though. And you got to start the bottom or it'll never work.

[@198746779838]

They only surveyed 10k people. And these are the top 5, maybe those business owners are further down the line.

[@chuckw4680]

These are VERY braod categories of professions. Chances are these millionaires are people in very specific niches of their field that pay very well. Ie, engineers = computer science, teachers = tenured professors at large universities, management = directors & c suite.

[@cwr8618]

Yup. Devil is in the details

[@jdkayak7868]

You could read the study for yourself it goes into all the details how about the professions and how much of them are in the study. According to the study only 15% were in such roles.

[@TheJacali]

Quit trying to steal people’s joy! I believe in you bro. Believe in yourself more.

[@jrwstl02]

As Ramsey stated, this can be done on less than $100k a year. I’ve given a bit of financial advice, to people asking how do I become wealthy. A high percentage of the time it reminds me of what fitness trainers deal with in trying to help obese people. Cindy and Billy want to lose weight, but not bad enough to stop the potato chips and orange soda.

[@AD-df5tm]

Its also alot of luck as well. If anyone bought a house at the right time guess what, their net worth has exploded in the past decade. Their profession is largely irrelevant.

[@gvanys]

This is so true. I'm not a millionaire yet, but I paid off my $400k house by age 37 and have $175k in retirement accounts.

[@cannednolan8194]

I grew up next to a millionaire. He got his money through selling fire wood. When people used wood to heat their homes. You wouldn’t know they where millionaires. They didn’t have children. Everything was very well kept. Even the lawn mower was 20 years old looked like it was purchased that week. The only thing that he did that would let you know. When he went to the bank. He didn’t go into the bank. The manager would come out to his car with the paper work and it would be done there. The other thing is when he passed the family member that you never saw where there like vultures. His wife had a heart attack/ stroke waking up next to him after he had passed. His brother found the will. Will got destroyed. Making it so he would be in charge.

[@javaskull88]

As an accountant, I can attest Dave is right. Most of these jobs are solidly middle class, nothing splashy, no hope of cracking into a dramatically higher salary. In fact, they compromise and accept a lower salary in return for better benefits. But they use financial common sense and impulse control to build wealth gradually over their working lives. It’s a long play, and it works. ETA: yes, doctors really are bad with money. Their arrogance blinds them, and they’re a target for stupid money schemes. They can easily be flattered into paying high commissions to financial advisors (insurance agents).

[@dog7881]

Yeah doctors are usually making 300-400k but they are living like they make 1,000,000

[@thru_and_thru]

“42 and has a home paid off.” This is 2024 and most people who are in their 30’s now will be lucky to even be paying a mortgage on a home when they are 42. That in itself is a big achievement considering how much further the goal posts have been moved in recent years. Ramsey is right on some of the things he says but he is seriously out of touch.

[@rodeleon2875]

DR's concepts helped me get started 30 years ago. pretty simple concepts but it takes discipline and planning. i just retired this spring at 62 and can afford to do pretty much whatever i want.

[@grantghosn]

I don’t think it has anything to do with processes, it seems like a doctor would have much more process to follow strictly than many of these other careers. Maybe it’s more about the upbringing of those people who choose these careers, I would think that many doctors came from a somewhat wealthy family and therefore didn’t learn how to be frugal and save what they make, also seems like the top four of these careers are somewhat lower cost to entry which attracts the type of people that are being smart and frugal with their money. I’m sure there’s more to it too

[@mikesolns1364]

No school debt like medical school debt

[@eren_yeager9927]

What process anyway? Engineers are smarter, and they learn true problem solving. That explains why even the biggest billionaires themselves are engineers, not doctors, because they have a unique thought process, they don’t just memorize silly little books or flashcards, they’re actually creative, innovative, and know how to think critically. The top CEO’s, the top billionaires, and the top millionaires are engineers. Heck, even OpenAI has a median salary of 850k to 925k USD for their AI engineers

[@amochswohntet99]

The engineer one makes sense, with the stock market being so tech driven, engineers are best equipped to know where to invest their money.

[@Techcensorshipbot]

With the 401K guys I wonder how much they were making a year. Likely wasn't 30k.

[@RealMTBAddict]

$100k minimum

[@AnglandAlamehnaSwedish]

I was a HS maths teacher 32k yearly salary had a 401k n it's not hard to be worth a million dollars

[@RealMTBAddict]

@@adamspivey Yeah but you won't acquire a million dollars in it, not even over 200 years.

[@adamspivey]

@RealMTBAddict depends on how much you contribute and your investments. But yeah, it's not going to happen over night.

[@adamspivey]

@RealMTBAddict also, I think he said your over-all "worth".. like having assets and investments worth $1 million+

[@smvallet]

All those professions involve having a plan in place to be successful. Makes sense that they’d focus on planning for their retirement too.

[@coopdog5277]

As a patty flipper I can assure you it’s only one way to make a Big Mac half way to halfway being a millionaire

you can still save and invest

[@wtvrhpnd2frddyprnzjr]

Dave’s methods work for its simplicity that can apply to the lower middle class. I think it’s worth clarifying and emphasizing net worth is “relative” so to speak. If more than half your worth is in your house, you’re not necessarily ready to retire. If you’re a millionaire at 40 (say entirely in investment funds) and stopped working, you’re not necessarily ready to retire. I think aiming to be a “millionaire” is a good motivational thought but I’d advise majority to focus on being retirement ready by estimating their retirement budget first and then estimating how much money to get there, then how much money to get to that retirement age, all the while diversifying wealth in stocks/bonds (tax deferred and tax exempt), primary residence and real estate opportunities and other opportunities all the while cutting down (if not out) debt…

[@Neil-vn4hd]

Dave Ramsey is a realtor.

[@elmoelmslie13]

Teachers also get an incredible benefits package, and never have a chance to get deep into medical debt. Is that helping to keep the average teacher above other professions that may make significantly more in wages?

[@mkeller8114]

They also get money for furthering their college credits and then get a raise based on those add’l credits. I know this well as our daughter is a teacher and has her masters plus 60 credits and is maxed out on the pay scale. About a 100K a year plus all the great benefits. Not an easy job but they do well and can retire at 55-60 better than most.

[@kvgolfa]

There's way more people in these careers than there are doctors...

[@danrowe1174]

You should do what Dave says. It will change your life for the better.

[@alarriag1]

More than a “one way” of doing things, it’s actually a “systematic” way of doing things. Underlying all good systems are plans, structures and discipline that make the practice of those professions possible.

I am 57 and retired at 55. I have always saved, always invested...started when I was a kid at saving. I never made excuses, I did 21 years military and the pay averaged less than minimum wage, I was not an officer....then I did 17 years fed gov't, not great money but not bad either. I saved, I invested, I didn't have to have the best of the best but I had what I wanted. I sacrificed some things and was not stupid with my money.....now at 57 I can do what I want, when I want and where I want. Once I can draw from my retirement accts I will need help spending it.

[@bluebird6300]

The sad part is that $1 million isn’t very much anymore

[@Jbb7272]

What do you mean? If I have no debt whatsoever AND the million never earns interest I could live 15-20 years on it. Thankfully you could still work and it accrues interests.

[@bluebird6300]

@@Jbb7272 run the math… 1 mill at 3% is 2,500 per month and take out 40% for taxes (federal, state, fees, insurance and erosion of 30% due to inflation each 5 years equates to …. Wait for it $1,200 or $600 per couple per month ain’t a lot.

[@dturner40]

It’s not too bad. It easily produces a $80k/yr paycheck without spending the principal. Thats a fairly nice buffer in your day to day budgeting.

[@itszkk]

​@@dturner40 if you own where you live outright and don't have any other debt $80k/yr is more than livable in nearly any place in America

[@mkeller8114]

Using the 4% rule it will net you $40,000 a year and your money will last approx. 30 yrs. Your right it isn’t what it use to be especially with Bidenomics and double digit inflation. We have everything paid for a house, small cabin, cars and a million plus saved and we certainly don’t feel well off.

[@82gmccaballero]

Yo you have an excellent guest. I really appreciate your openminded and willing to share good information & stories. Stealing other peoples hope is evil, thank you Mr. Ramsey!

[@tylervasquez1627]

"Sell everything you dont need including your family pets, stop spending money stupidly, oh and buy my stuff." -Dave Ramsey

[@MD-pz3cn]

Dude, you can obtain the foundational stuff they put out for free...not that hard.

[@BuIIet]

At least he’s not selling get rich quick. He serves legitimate financial advice for the most braindead among us.

[@KToll5784]

People like you are his biggest customer base

[@tylervasquez1627]

@@KToll5784 people like me?

[@KToll5784]

@@tylervasquez1627 sure

[@defendfreedom777]

The first mistake is buying a house,buy land live in a tent if you must while you build your house,live below your means and save your money it's simple.I know a lot of wealthy hillbillies here in these backwoods where many people are self sufficient and looked down on by society and this is just the way we want to keep it.😉

[@LarossaConstruction]

I can say from experience he's right, I started from scratch and I got there but I had to follow the process.

[@SoGood09]

This is a very powerful podcast

[@latcocina1220]

Electricians makes enough money to become millionaires.

[@hyzerfl1p]

yes they do

[@ericcarver1341]

Yes we do. The only problem is many of us in the construction industry have a lot of bad habits that cost a lot of money. I was on one job where many guy’s smoked, drank, smoked week or gummies, and gambled like you can’t imagine.

[@ericcarver1341]

Yes we do. The only problem is many of us in the construction industry have a lot of bad habits that cost a lot of money. I was on one job where many guy’s smoked, drank, smoked week or gummies, and gambled like you can’t imagine.

[@scythemachine1894]

@@ericcarver1341 how much do you guys make?

[@josercarcamo]

Yes, often unethically. Charging $500 to a company for changing an outlet, for example. Or $700 to change breakers. And then these same people complain about being gouged by other business people.

[@johns80schick]

People need to have proper expectations. Stop trying to live like a celebrity. No, you won't have a 3000+ sq ft home 5yrs out of college. But that doesn't mean the economy is bad. It's a process.

[@MaximilianFischer497]

The rich are money-minded; that's a lesson I've grasped from the very beginning. My desire to build wealth has always been strong. I’ve set aside $160K since 2020, and I’m eager to invest it in the stock market to grow my financial future. I’d love to hear any recommendations you have.

[@TicheDebb0]

I think the safest strategy is to diversify investments. But if you need proper advice, consider speaking with a financial expertise. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@MarshalWagner457]

Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.

[@RowanBryson]

Could you kindly elaborate on the advisor's background and qualifications?

[@MarshalWagner457]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with “Diana Casteel Lynch” for the last five years or so, and her returns have been pretty much amazing.

[@AshleySommerset808]

I found her profile online and reviewed her credentials. She has impressive experience. Thanks for sharing! I've already sent her an email.

[@amymorketter2954]

teachers complain about how badly paid they are- but i know so 4:25 many rich teachers - they save and have a defined benefit pension

[@evilbeckalonian]

I get what he’s saying about owning a home and 401k - it’s good advice but not perfect. Maybe you’ll be a millionaire when you eventually sell your house and assuming your 401k did well enough. Maybe you’ll have a million plus, but will that be enough to live on however many years down the road ? When you sell your house that you live in for a massive profit ( assuming that’s still an option ) where will you live ? Buy a new place ( at the current market value / take a huge chunk of that profit ) or rent ? If you stay in your house as long as possible, you’d maybe be a millionaire on paper, but a huge chunk of that is unrealized so you’d really be living off the 401k and social security assuming that’s not completely bankrupt by then. Still way better to have the house and 401k vs. nothing, but not the automatic win for retirement.

[@danielscarbrough4363]

THINK LEVERAGE....use the EQUITY of home to leverage the capital needed to make more money...nothing ventured nothing gained.

[@user-te3qq1rb7u]

Don’t think too far into it you’ll ruin Dave’s narrative.

[@tear728]

It's all about getting a high salary, using compound growth, and being patient. High salary jobs should allow you to put 5k away a month into a high APY account or the market. Let's say 5% annual return - you're near a million cash in 10 years.

[@BrianGivensYtube]

As a process engineer, it’s kind of a hack because you make a bit more than average and you are generally good with numbers which translates very well to being good with money. I definitely learned the PROCESS of money. Living below my means, saving 20-40% of my taxes income, maxing the Roth IRA every year since age of 21! Its all automated too.

[@Joe-db5hz]

Teacher? Yeah, if you count becoming a millionaire by marriage.

[@Joe-db5hz]

@@RPE-Official lol $84k salary. If you believe that they have a bridge in Brooklyn to sell you.

[@AD-df5tm]

​@@RPE-Officialhaha there is no way thats true when most states the starting wage for a teacher is like 40k. Whats the MEDIAN salary?

[@Takar100]

My guess is the teachers are probably married to an accountant, lawyer, or engineer. I'm 38. Fairly certain I will reach that mark next year. Depending on the market obviously. But I'll keep plugging away. I 100% agree with Dave on the hope thing though. There are so many people out there who just have it locked in that they will not succeed, so they don't. Need to change your mindset (and no, there is no politician who will change it for you).

[@JamesWebbFitness]

I agree with home ownership but your primary residence does not contribute to your net worth because it's not an asset it's technically a liability.

[@docd2295]

The equity you build in it is an asset

[@bryan_witha_whyy]

@@docd2295Yeah, as long as you keep track of all your maintenance and repair costs and subtract those out.

[@focojeepr]

The standard definition of net worth does include primary home equity.

[@bryan_witha_whyy]

@@docd2295 Only if you subtract all the costs you put into the house.

[@lifeisgreat1718]

36 years old nj firefighter. Income 130k, 4 multi family homes, with 1.5 million in equity, 50k in my 457b and get to retire at 51 with a pension, god willing. 🙏

[@bernadette573]

Theo often plays footsies with himself, putting one shoe atop the other, and Ramsey does the same thing lol 03:48

[@joshbraaksma7455]

Maybe they are feeling it

[@SeraphsWitness]

I'm a millennial. Homeowner, self-employed, sole breadwinner for a family of 5. I've got just about $1M in net worth right now, and I've never made over $100k a single year in my life. I've come close, but it's really just about staying out of debt and spending less than you make.

[@chuckw4680]

Paid off a 600-700k house with that much in your 401k at 42?! Wtf? Guy had to be making 100k+ every yr for 20yrs for that to happen. That only happens for 1-2% of people, and not because of a lack of motivation.

[@MilesFromExtraordinary]

I know a couple who achieved a million dollar net worth by 32 without ever having a combined income over $75k, and investing about half of that every year. No kids and living very simply.

[@chuckw4680]

How?! They'd have to have gotten lucky with some speculative investments. Also, I tend to think that living frugally in their case meant sacrificing living life to achieve this. Ie, never eating out, walking to work, never using heat/AC in the house, no cell phone, internet, tv, etc. In other words, I find these kind of people hardly believable.

[@Icanchange1200]

He is so correct I work for a utility company from the age of 25. I am now 53 I have 900,000 in my 401(k) and my pension buyout will be about 800,000 when I retire. I paid my house off that’s worth about 750. This is just from a blue collar job. I know there’s some people who tell you not to invest in your 401(k). I believe I’ve always been at 20% and the money grows quickly. I will retire when I’m 55 with 30 years of service.

[@bzukofsky]

Rule 1 never listen to a man that tries to get you to pay for a course that makes them millionares

[@amulet2235]

Instead listen to a guy commenting on KZbin who isn’t a millionaire

[@Jbb7272]

I kind of feel like if his products and services didn’t provide value then no one would give money for them. But it’s just a feeling.

[@fhgdngdfh]

@@Jbb7272 awful way of looking at value. McDonald’s makes billions every year and what value does it provide other than quick shitty food that makes you fat?

[@Jbb7272]

@@fhgdngdfh The convenience is what gives it its value. And right, wrong or indifferent… obese Americans value the convenience over their health. So there is still value their and McDonalds is the best at marketing their value.

[@GruneD]

I purchase my first condo back in 2011 here in SoCal. I sold it for a large profit and invested in two other homes. I now own five homes worth approximately $10.5M. All earn income, basically someone else is paying me for the mortgage. I’m a successful sales guy. 😅

[@LuxuryBeatsMusic]

How old? I’m 30 and no home of my own lol

[@GruneD]

@@LuxuryBeatsMusic42

[@AD-df5tm]

I mean, good for you. Most people dont have the money or credit to do that though (as i assume you dont "own" 5 houses you just have 5 mortgages).

[@GruneD]

No, but I have traded and sold many homes at this point. I have about $3.5M in equity as we speak. My income is high as well (1st bracket just job income does not include rent income). But that first house allowed me to do everything plus the great income I have enjoyed. 401K is hefty, will be purchasing a commercial building here soon as well.

[@98luckyneon]

Study done in 1982…..lol

[@hanswoast7]

The purchasing power of $1mio changed a lot over the years due to inflation. A 1950s millionaire would be the equivalent of having around $11-12mio today.

[@riotdrone]

being a millionaire after living most of your life being stingy and saving up doesn’t really sound appealing. capital is vampiric dead labor. that million dollars represents an impoverished life. they got you to trade your most precious resource your time for money that sits in a bank account until you’re too old to really enjoy it fully

[@rileyinks5112]

As a former teacher, I have one question: are those millionaire teachers married to people who make more money than they do?