How Do I Become A Decamillionaire?

[@commonsense5555]

Our income between me and my wife’s jobs should be around 125k and move up quickly and we’re debt free and in the healthcare field so we’ll invest 5K monthly outside retirement and retire early. It’s all about having a plan and sticking to it while also enjoying life at the same time

[@leadnsteel1428]

Live extremely frugal. I was stupid with money at a young age. Now I save half my income. I don't buy 1000.00 phones or fancy cars. My internet and phone bill are cheap too

[@commonsense5555]

@@leadnsteel1428 Yeah we keep our bills as cheap as possible too except for the fact I skydive every week which is pretty expensive.

[@lolollhe3361]

@@commonsense5555 Haha that's inteeresting, you just do it for a hobby or a you a pro or something? Also this was 2 years ago, if you're still here how is the process going?

[@commonsense5555]

@@lolollhe3361 I do it for fun, I’m a USPA licensed recreational skydiver. Our finances are progressing as planned and we’re saving a significant amount of money and tilting our goals toward an early retirement. I’m glad you found my comment interesting.

[@CC-fb9yj]

You can do it! Let's go, Brandon!

[@JustAName-it5qp]

Motivation ;)

[@barnescycle]

Let’s go Brandon

[@ClaxtonBay123]

People who aren’t Decamillionaires answering this question. Where is DAVE???!

[@markg999]

So what....Dave got there not from saving/investing but by writing books and making a multi million dollar business. The plan to get to 10 million is pretty easy actually...just take time.

[@thinkbaker]

This ^ Hahaha

[@KEP1983]

@@thinkbaker they're actually right. The problem is making a business that's profitable. But you're not going to be a decamillionaire by working for somebody else and just stashing away all your money.

[@vladimirpopovic8136]

People are obsessed with money. You can live decent life without millionaire status. 10000 a month and you already live better than 99%. Value your free time more than millions of wealth

[@divyasrirajyala6517]

Great!

[@Spladoinkal]

You can have a lot of money without being obsessed.

[@trent797]

This is one of those "If you have to ask....." questions. Dude, worry about 1 million first. Once you get that, then you can plot how to become a "decamillionaire."

[@MrMustangrick]

yes, no clue. He is in dreamland.

[@walkerb1734]

Not to brag, but I’m on the path to be a deca-millionaire too. I just need to first figure out a way to live to 426 years old!

[@joeschneider3894]

If you lived to 426 and didn’t start investing until the age of 35… And if you only invested $0.01 per year… When you died at the age of 426, your investment portfolio would be worth $826.6 quintillion. Million, billion, trillion, quadrillion, quintillion… $826 QUINTILLION. From one penny a year. No. You don’t need 426 years. If you were to invest just $10 per month, it would take about 82 years to reach $10 million. If you started at age 35 and did it until you died at 85 and then left that investment account to your 50 year old kid with instructions to put $10/month… your kid would die a decamillionaire. If they left that account behind for THEIR kid with instructions to continue until they reached 65… your grandchild would retire with $240 million. If they could “survive” on 4% a year, that would give them a $10 million per year allowance… and they would never dip into the initial $240 million. Meaning every generation of your family from your grandchild down could have $10 million PER YEAR as long as you raised them to preserve and/or grow it. That’s possible with $10/month in about 110 years. Whatchu waitin on?

[@christopherenge4934]

This is a math question. Using my handy dandy future value calculator, here are some scenarios to get to $10m. 41 years, $12,000 per year (or $1000/month), 12% return 34 years, $18,000 per year (or $1500/month), 14% return That's not easy, but it's not out of the question for a lot of people. Disciplined, aggressive investing can get you to $10m if you have enough time.

[@clarifyingquestions]

I agree. If you are debt free - spend your time ie side gig putting your money to work HARD for you.

[@markg999]

Even quicker $5000 a month 12% return a little over 25 years. If you make a good income saving $5000 a month isn't that tough..especially when debt free.

[@aarg2609]

@@markg999 ya but making 12% a year return would be the hard part. S&P index funds return average less than that.

[@michaelobrien3601]

By the time you do that in 41 years, inflation will make 10 M equivalent to 2M. Buy Bitcoin

[@mattthebeast9666]

@@aarg2609 then I’d say real estate would be the best way to get a 12 percent roi. You can totally get 12-15% internal returns (including appreciation, paying down properties with rental income) in real estate investing

[@user-jy7yw5kw3w]

Either leverage your money/ assets, and or by starting your own business. You won't see many average everyday employees reach 10+ million.

[@russellblack4671]

Agreed, it would be tough to get there without taking on some risk in the form of debt leverage or starting a business.

[@KEP1983]

Dave Ramsey didn't become worth hundreds of millions of dollars by working for an employer and trading his time for money at 80 hours per week, stashing away 15% of his income, etc etc. He did it by making a business that makes him passive income and piles money upon money by itself. If he didn't start this whole radio program and selling books and apps he would not be worth that much money. He'd probably have a couple million and that's it. You get worth that much money by starting a business, not by working for somebody else at a nice wage and stashing away 15%.

[@Spladoinkal]

Not A business but multiple businesses. I recommend 4-5

[@jordanmcmurray5785]

Amen, I was blessed enough to make the jump to running my own business at 24 and within 2-3 years was literally making 6x what i was making as an employee on my "safe" W2. Only wish I had done it sooner.

[@KEP1983]

@@jordanmcmurray5785 absolutely. What type of business do you run? I think Ramsey is great for people getting out of debt and just wanting to retire comfortably. But you're not going to get rich with the method he teaches.

[@jordanmcmurray5785]

@@KEP1983 I do a combination of real estate things. I am a real estate broker, I flip houses when the risk is low and I own a few rentals. I have some mortgage debt but as a whole my total debt obligations are about 12% of what I bring in a month. I spent about a year working for an investment bank fresh out of college and quickly realized I was on the wrong side of the table so to speak lol.

[@michellemorford349]

A big step would be transitioning from thinking like an employee to thinking like a business owner.

[@JustinCase780]

This reminds me of the guys that delivered product to the store that I worked at as a kid. They made so much money when young working hard driving trucks and unloading product but the body can't take it forever. Some guys ended up on pain pills and were miserable. Caller really needs a backup plan as John suggested.

[@RJRussoVids]

You won’t get to $10+ million net worth working for someone else. That level of wealth requires much harder work and taking on more risk. It’s an exciting goal but also a very difficult one to reach.

[@jackgraham1687]

He should have asked this question to someone that has actually done it before…

[@VGFightSchool]

Decamillionaires are a hidden species. Most either hide in plain sight, or exist in circles where they aren't easily found. The Math is the only friend most of us have.

[@arthrodea]

If Dave was available, he would be asking it. Not sure what Deloneys net worth is, but he’s probably on track for it

[@RealGalaxyGamers]

@@arthrodea Nope. Most of the personalities have not payed their homes off or just paid their homes off. I highly doubt anyone except maybe Racheal is a millionaire.

[@j764j]

If you want more than 10 mil you're going to have to take some chances on being and entrepreneur or riskier investments.

[@percivalgooglyeyes6178]

Finally someone who is going places and is realistic. One, two, or even 3 million is not really enough. A decamillionaire is the way to go.

[@Trillzzy3]

neither you or him are realistic. he has no high income skills and makes only 80k a year, but wants to be worth 10s of millions before he retires... sounds like a disney movie. most people who are worth that much are bringing in $1 million a year and thats before taxes

[@mattthebeast9666]

@@Trillzzy3 on his income, if he can invest 30k each year for 40 years and 10% return, he will have 13 million when he retires. It’s realistic

[@Trillzzy3]

@@mattthebeast9666 lol you obviously don’t understand how very little people are worth that amount of money even after making all the right investments. your scenario is if everything goes great . Eventually he will start a family and kids cost on average of $250,000 from 0-18 for each and that’s for a regular middle class lifestyle.unless he gets a wife making $80k as well which only 7% of women make that kind of money , he’s not gonna be able to do it , he’ll be able to live a middle class life like most people, which is great

[@mattthebeast9666]

@@Trillzzy3 exactly. He can live a middle class lifestyle while investing that amount. It takes lots of commitment but you can live on 50k with a family. I agree though, his wife would need to supplement income (roughly 20k) so they can make 100k before taxes, invest 30k, and live on 70k gross with a family which is totally possible

[@Trillzzy3]

@@mattthebeast9666 he literally said he wants multiple houses in different states 😂 only upper middle class and the rich can do things like that and it’s gonna take way more than $100k

[@roburb73]

@ $80K he needs to be realistic. He's not going to get $10M making that. 15% is terrible, he needed to adjust that because it's terrible. You need to double or triple that and start investing 30% or more!

[@Spladoinkal]

Which is why he called to ask!

[@tysonmaggard234]

He's doing just fine especially at his age by the way there are plenty of truck drivers out there making 6 figures It's all about working for the right company, doing a job you like and working hard which he already does so hes got the perfect mindset.

[@commonsense5555]

He drives locally which means he’s home at night so 80k is way more than most local drivers make. What you’re talking about to over the road which can pay in the 6 figures but he has a house and probably doesn’t want to be in different states every week.

[@TrapperDavido]

To understand how to do this, might be good to ask someone who has done it. Maybe ask more than just one. Become a student of those who have achieved what you are aiming to achieve. It’s radically different than where you are now. Different habits, different perspective, different heart. Also, as the host indicated, it makes sense to reflect deeply on the “why.” It’s big. 👍🏼

[@anthonytarchie]

Dave Ramsey became wealthy by building a business aka, monetizing Financial Peace, hosting a radio program and buying real estate etc, NOT by putting money into a 401k. If you actually want to be young enough to enjoy the millions you save you need to you have to shift into an entrepreneurial mindset.

[@ladasloan62]

If you want to become a decamillionaires, then do not follow what Dave Ramsey teaches you but follow what Dave Ramsey did to become a multi millionaire. He created a successful business teaching people with finance. Create a business that you like or you're an expert in.

[@saulgoodman2018]

Give me 2 million and I can live on that for the rest of my life.

[@Bubbasizer]

Exactly, pull 3% a year off 2 million invested is $60,000 a year, and I could live comfortably where I am at off $60k a year.

[@pawelwisniewski6849]

That’s the difference here , caller wants to make money and you want to get money .

[@TartarianTopG]

@@pawelwisniewski6849 hmm?

[@jaebeablessings1005]

I can live off a half a million for rest of mine and leaves some for my kids.

[@saulgoodman2018]

@@pawelwisniewski6849 Some people just don't get sarcasm.

[@codyhughes148]

You need to start your own business or start dealing heavily in real estate (commercial or multi-family) to get into the solid double-digits.

[@grod805]

People don't become deca millionaires by investing 15% of their income. It's usually creating a profitable business and selling it.

[@robertweber6326]

not exactly true i'm 3/4 of the way there and i'm doing just that. 15% wise investing gets you there

[@closingdealz]

@@robertweber6326 may I ask how old you are?

[@grod805]

@@robertweber6326 you have 7 million dollars from investing 15% of your income?

[@AndyinMTL]

You are so wrong its not even funny smfh

[@CaseyBurnsInvesting]

Gotta provide a whole lot of value to the world.

[@Dark_Souls_3]

Like how you comment on every Dave video?

[@appleforever6664]

Casey the Spammer! A non-millionaire giving advice!

[@appleforever6664]

@@Dark_Souls_3 - Casey the Spammer!

[@mattwalter6207]

John is basically discouraging him from being worth that much

[@TheSmoothGrind]

Dave's plan can get you $10mm+, if you are willing to let compounding run its course. But if you want to get there in less than several decades, you gotta run some riskier stuff. John is right, be happy and healthy, content with life. Otherwise all the money in the world is just toilet paper.

[@Cosmo87-]

Let’s go Brandon! Great question! :)

[@andresvalencia1174]

Decamillionaire: a term used for someone with a net worth of over 10 million of a given currency.

[@ikeacha4153]

I wonder if this guy grasps the concept of continued interest after retirement. I used to think that after you retire you have to withdraw whatever money you have built and basically guess how much longer you have to live and divide your money accordingly😄😄

[@Spladoinkal]

ikr? Plus, if you only withdraw what you need at the moment, you're only taxed on that small amount.

[@ruthiemuqatach5942]

This man has to learn to be content with the money he has, while also working to get more. If you are not happy with your first million, the 100th million still wont make you happy.

[@blackspiderman1887]

You hit the nail on the head. If you're not satisfied with five million another 5 will not make a difference. Warren Buffett said after you start making around 80 to 100K a year your level of happiness doesn't really increase much after that.

[@nancyt6895]

He can do it. Time and discipline.

[@MarkVJenkins]

$3-5 M today if you are 55+_ is great. Way to go. This dude is 27 years old. So a goal of $10M+ is a good goal to have because in 30+ years when he is actually going to be looking at retirement $3-5M isn't going to be as meaningful as it is today.

[@RK831]

Millionaire here. It took me 24 years to make my first million. From that point, it is a matter of compound returns. Six figures by the time you are 30, seven figures by the time you are 50, and eight figures ($10M) by the time you are 70.

[@coniccinoc]

Invest, hold, repeat. Warren Buffet suggests 90% into SnP index plus 10% in US Bonds. I am obsessed with money and investing. It is where my passion and time is focused. I have been able to beat this formula but not by much. I tell anyone who wants to get rich to just listen to Buffet or Ramsey. Beware of financial advisors. Most are money vampires.

[@gregbilling1267]

Why would you say financial advisors are vampires, yet say to listen to Dave Ramsey, he literally tells you to invest in mutual funds with an advisor lol

[@coniccinoc]

@@gregbilling1267 I’ve yet to meet one who can out preform a simple index. Watch many people, high income engineering employees, over the years have their nest egg ruined by churn and high risk low reward funds.

[@Crypto-ChickenSalad]

You’re not at the top. I just left a truck driving job where our top guy was going to make $180k this year. I was on the lowest pay scale and made $100k this year. You just have to work more than 50 hours a week. All about priorities…

[@megalodon1726]

The caller is a local truck driver. Was that $180K for local only? Or your $100K?

[@R_Jon]

Take it 1 step further. Study the Series 65 exam and take the state test to become an Investment Advisor. Then, start working with an Registered Investment Advisor that lets you work at your own pace as a fee based Financial Advisor. Now you can really help people, and start to build residual serious income. Your work is desperately needed, finance sounds like a passion of yours, and you can make great income. It will realistically take you 3-4 years to replace your current $80k salary (some do it in 1/2 that time, but they’re able to work full time at it). I worked a job like you while I built my investment business. I’m not 44, make about $2M/yr, and love my job. I now work about 9-10 days a month (I have staff that run the offices while I’m out and an executive assistant the answers my calls and emails), and it allows me to coach my kids soccer teams, go camping with them, work on our ranch, and pursue my passions. I feel like I can maintain a 1-3 day workweek for my foreseeable future. Go get it my man!!

[@James-yi1vk]

Only realistic way to do this is to own a successful ACTIVE business.

[@caseyporter499]

Step one to becoming a decamillionaire: ask two guys who aren’t even millionaires

[@blackspiderman1887]

Delaney is wrong. If You work for 30 years at a job you don't like and you retire with 3 million that's a win to me. It's better than struggling at a job you do love and end up retiring with 500, 000. Also he never said he did not like his job.

[@martinbelanger9963]

Avoid debt. Cut costs. Building wealth is in your mindset, work on that and your financial potentials becomes exponential, develop good habits like regularly putting money away in intervals for investments .The stock market has plenty of opportunities to earn.. I made my first million from trading stocks with the help of my investment advisor..it's been a year of steady growth..

[@collinsnorman473]

Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.

[@harleycartley3138]

total noob here, your FA if you don't mind can you link me ?

[@martinbelanger9963]

@@harleycartley3138 sure! she goes by Rita Wildrin Mora, you can search her up to connect with her

[@meredithelbert6608]

Impressive!

[@JB-jk3ow]

"Dave, how do I wake up a decamillionare tomorrow morning?"

[@martinfarrow2825]

What's your household income?

[@whurst683]

Do you have any debt?

[@frostyk1371]

JD with the great advice!

[@Jim_Curtis]

I think if you have that much drive, he could save up and start a business and make it super successful.

[@stevengtv]

This would have been a good question for Dave

[@frankcb11]

Yeah this guy’s didn’t really know how to answer that.

[@danteramirez1223]

Don’t follow your passion. Is it someone’s dream to be a tax attorney at age 5? No but they get paid bank and you’ll be well off. Do it for the money if you have to. Your purpose can be things outside of work. Things like family, hobbies, volunteer work, charity etc. Don’t listen to people who say follow your passion if your passion will leave you broke, dumb, and unhealthy.

[@markg999]

Invest more to speed up the process....so make a good income is easiest way/low risk way of doing that. Even if you were to retire with say 7 million in your 50's if you live on just a portion of what your money is making you when you are 70+ you will have also reached your goal also. So I wouldn't really focus that much on it....just be debt free, save/invest a good portion 20%+....enjoy life and you will be in good shape.

[@gabecocherell2591]

You will never make 10 million if you only invest 15% unfortunately.

[@hirambright9357]

Dave's advice is for people to retire a millionaire, not to live like one.

[@markg999]

Yea you could actually if you have a high enough income. But vast majority need to save more.

[@MichaelAnderson-wk1no]

Yeah and Dave never said you're only supposed to invest 15% forever... that's just until you pay off your house early.

[@jrwntctv8091]

@@MichaelAnderson-wk1no Exactly - once your house is paid off you can invest the money that previously went to a house payment.

[@gabecocherell2591]

Thanks for the repliess

[@DEBattleMage]

This truck driver wants to be a "financial master coach" LOL

[@thesnyderteam-lasvegas6614]

He won’t ever hit 10m net worth buying real estate in cash or investing 15% with his income. His income would have to grow tremendously. If he leverages the real estate he has a chance.

[@tashasmith1234]

You are the best! 👍

[@FrankS111]

You will have to undertake some serious risks to achieve that.

[@petkuscinta9797]

Big difference between $3mil NET WORTH and $3mil cash debt free (roof, car, living expenses).

[@omreg123]

this guy is asking the wrong people.

[@roolyfe]

Billionaire or Bust!

[@pawelwisniewski6849]

Time in the market over timing the market Start asap

[@robmckee5295]

That's such a great goal. Good luck Brandon.

[@b.cdrisk2035]

Lets go Brandon lol

[@robmckee5295]

@@b.cdrisk2035 I'm currently at $1.1 million networth, not counting my personal residence, so I'm not an expert. But maybe raising baby step #3 to 1 years worth of expenses and then notching up the aggressiveness of our investing to well beyond 15%, starting a business, investing in more real estate (I'm praying fervently for a market crash), etc,.... I'm sure we will all be happy if Brandon only makes it to $9 million.

[@pawelwisniewski6849]

@@robmckee5295 yep , even if he’s 50% successful he will be ok

[@NonchalanceInvasion]

Love this guy’s ambition

[@floresnashvilledrummer]

I wouldn't say it's so much as ambitious as it is a lifestyle, like he mentioned. He watches too much reality star TV and the way those people live.

[@siggiAg86]

One thing people don’t really think about is inflation. You’ll need a lot more that. 1- 2 million dollars to retire after 30 years!

[@takingbackprofits1280]

Well he doesn't have to drive for 40 years, he can buy trucks and manage them and hire drivers.

[@CNT536]

All in on tesla

[@Andre-zg7wm]

I’m a truck driver and I made 110,000 last year and I could’ve made more if I wanted to work mores . Maybe it’s your area move to a different area where you can make more money..

[@kaizenborntowin]

Write a great self development book. If it sells at least 100,000 copies at $10 each, that's your first million.

[@nicholasmartinez6043]

With al this inflation they are gonna have to rename the segment the “everyday decamillionaires”

[@ivanrazo8943]

I see what he's saying 5 million is nothing to certain people. Especially if you want a yacht and give to your family and millionaire house.

[@codys5727]

Brandon isn't too bright. Don't go chasing numbers. Follow a fulfilling life. Figure out how to be content with where you are financially and develop behaviors to manage your money intelligently. Balancing family with chasing your financial goals is important too

[@wolfrig2000]

Brandon is much brighter than you realize. You may want to look into your path, as you probably are underachieving.

[@gsquared2394]

He’s smarter than 50+% of Americans that live paycheck to paycheck. By a LOT. He does need to find a more specific “Why” and “what”, which most people never find.

[@mikek545]

Your asking two employees how to be decas? 😅

[@MusicPhrase]

This dude is massively greedy and has the wrong motivation. Just can feel it in his tone and answer. Said nothing about wanting to be generous and give money away or help others. John sniffed that out immediately but was nice about it. "Focused on life style" lol and then...oh yeah 'help my family too'....right.

[@MichaelAnderson-wk1no]

Yes I totally agree. This guy will probably be miserable if he ever actually gets to $10 million once he realizes that life isn't all about money.

[@timmy101able]

How will he have 3-5 million in 30 years making $80k a year? He has to pay taxes, mortgage, living expenses… etc won’t even have half a million.. unless he has some successful investments

[@markg999]

If he can save $1500a month and invest he can easily do that in 30 years.

[@lulu_america8855]

Is either John or George a millionaire?

[@abrahamflores2566]

Wrong channel buddy, if you want a safe 1-3 million at 65 then Dave Ramsey is your go to. If you can take a little more risk and effort for 10 million plus then other financial advisors are for you.

[@adamseidel9780]

You don’t get to the numbers he wants - which are NOT in any way rationally connected to his stated goals - working driving a truck. Time to start buying trucks and running a trucking company, making that work.

[@MeloFloww]

Lets go Brandon!!

[@joshwilcox8941]

I'm in Grand Rapids! Let's hangout Brandon

[@paulbrungardt9823]

I didn't invest anything in 401ks or IRAs. I made a fast fortune. I went into Art dealing with Hunter Biden. We sell $ 500,000 original Hunter Biden Art pieces to anonymous buyers. We have made a fortune by giving buyers access to " The Big Guy".

[@Bobbyfuckingaxelrod]

Wrong place to ask how to get to 10 million with “saving” lol you’re gonna need to take more strategic risk with $80-100k income.

[@filmislife77]

He can do it but the Dave way will literally take forever. I'm in the same boat & I'm only investing in super high-growth stocks or ETFs. Also building crypto to 5% of my portfolio. You should be aiming for 40%+ in returns at a minimum

[@Spladoinkal]

You're taking HUGE chances by doing that. I recommend making a list of the things you like/are good at/curious about that might make side hustles and picking 4-5 to do at a time. For instance: If stocks/crypto is your thing, instead of trying to "Go to the moon," You're MUCH better off developing the skill of day trading/swing trading where over time you could make loads of money IF you're smart about it. So there's one hustle. THEN, you could set up a node/nodes for your crypto to make more money passively. There's a second hustle. THEN, you could teach people how to day trade/set up nodes on youtube for a third. Then, stake your crypto for a fourth. There ya go.

[@AaBbCcDdEeF]

Overachiever who is a truck driver at 27, supposedly thinks that he’s plateaued in the industry, and appears to not have done much to make a change🤔

[@barnescycle]

Local CDL making 80,000 I’ll go to work with you 😂 I am barely over 50k

[@davidhepworth3956]

My advice is buy some Bitcoin and Ethereum. Bitcoin will be $1 Million per coin in a few years. Make sure your investing as much as possible, it needs to be more than 15%.

[@clarifyingquestions]

Young man - work on your career and pay off your house. Then you spend your thirties, forties, fifties etc making money with your money and not your back. Well done!

[@Corpsecreate]

Invest 30%.

[@Gregarious3]

Oh, you can do it but, it is going to hurt. Sacrifice of time and energy is not super easy.

[@sweatequity7160]

I'd like to have a net worth of at least 50 bitcoin when I retire.

[@spencer4708]

Real Estate

[@miketheyunggod2534]

Getting $10M on $80K a year. He would just have to work for 125 years.

[@joaom.4944]

Just buy bitcoin

[@stevengtv]

We need more truckers

[@hirambright9357]

We need more trains

[@christopherwells2787]

1:15 “you’re out of debt, do you have a mortgage currently?” 😂😂😂 why do people not consider the largest debt they have - a mortgage - debt?!?!

[@alejandroguerrero7841]

I think because it’s and asset and it goes up in value

[@uberboiz]

@@alejandroguerrero7841 Debt is debt, whether you use it to buy an asset or not. Too much of debt could put you in a precarious position - ever heard of subprime mortgage crisis? GFC?

[@alejandroguerrero7841]

@@uberboiz I agree but I was just mentioning as to why it would be overlooked.

[@alejandroguerrero7841]

@John Doe it’s an appreciating asset though

[@leahmcdermott4189]

It’s not that the Ramsey team don’t consider a mortgage a debt… they do. They’re not stupid. I think they just say it like that for ease and simplicity based on the Baby Steps. Baby Step 2 is pay off all debt, except mortgage (so they do a recognise it as a debt). And then Baby Step 6 is pay off the mortgage. So as not to confuse especially new people, when they talk about being out of debt (BS 2), they don’t include the mortgage… as it’s not consumer debt. That’s my understanding. Also, mortgage is the only ‘good’ and acceptable debt to them

[@justwondering1967]

Don’t worry, the rate of inflation that’s coming will make that $10,000,000 goal much easier to achieve than you might think today.

[@bedantasaha5699]

$1000/month invested at a rate of 10% after 30 years will give you 7 million??!!!!! I know George just did a assumption here but you need to work on this George!!! Any Asian parents would have disowned their children if they make an assumption like this.

[@motoryzen]

I'm more willing to bet that result will be more like 3 million if the right investments were made..

[@MichaelJones-rn2pq]

Tear down your barns and build bigger ones, kid.

[@AlecDaStar]

Wrong wrong on truck drivers

[@RicardoFinnigan]

Read the Millionaire Fastlane/start a business, you won’t become a decamillionarie following the standard advice

[@marcenelj]

This guy is dreaming hard.. but his numbers don't add up with an $80k salary. The hosts didn't want to be honest with him, unfortunately.

[@tracygaluszynski1868]

See how Dave makes people dilliusional.

[@The.Dude.Abides.]

Want to be a deca-millionaire? You had better graduate beyond taking your financial advice from Dave Ramsey.

[@HomewiseProperties]

Wrong show for this question… I wish I could interject for this young man! Ramsey personalities will get you out of debt and teach you how to work 40 years to make someone else’s dreams come true. If your dream is decamillions, these guys are nice but ignorant on how to achieve that.

[@90sKingFromNY]

Big facts! Dave didn’t build wealth doing it that way. It’s silly to keep working a job till 60,70 years old. There’s something called tired.

[@jrwntctv8091]

If your dream is decamillions, you need to find a dream that is not pointless.

[@mxerb5912]

Why not centamillionaire? 😂 you won’t get to be a multimillionaire on Dave’s baby steps. It’s too conservative

[@offerskirksey2255]

Great question. I’m wondering the same thing.

[@LovesGrilling]

Oh yeah Brandon will make it thanks to our president -- they are going to inflate the dollar so far up our rears that a million dollars will be how much a used Corolla costs. Let's go Brandon.

[@AaBbCcDdEeF]

Pretty long setup for that final statement :).