Millionaire Theme Hour - Jay from Lincoln, NE

Say goodbye to debt forever. Start Ramsey+ for free: bit.ly/35ufR1q
Visit the Dave Ramsey store today for resources to help you take control of your money! goo.gl/gEv6Tj
Did you miss the latest Ramsey Show episode? Don’t worry-we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!
Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: www.youtube.co...
Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!
Ramsey Network (Subscribe Now!)
• The Ramsey Show (Highlights):
www.youtube.co...
• The Ramsey Show (Full Episodes): www.youtube.co...
• The Dr. John Delony Show: www.youtube.co...
• The Rachel Cruze Show: www.youtube.co...
• Anthony ONeal: www.youtube.co...
• The Ken Coleman Show: www.youtube.co...
• The Christy Wright Show: www.youtube.co...
• EntreLeadership: www.youtube.co...

[@schuylergeery-zink1923]

I’m from Lincoln, NE and looked him up today. Unfortunately Jay Adams passed away last October at the age of 54 - much too young. His service and stewardship are inspiring and at least he left a fantastic legacy to his family and of charitable giving and volunteerism in our community!

[@keepitsimpleydb6151]

Schuyler Geery-Zink Sad to hear that. Especially, for his sons.

[@suttsd]

Thats sad to hear. I wonder what killed him.

[@Pennyk900]

He apparently was sick and died at home. So sorry for your loss. A GODly man. He is with Jesus.

[@TheRamseyShow]

Thanks for watching everyone! Click that subscribe button to stay up to date with our latest top content. kzbin.info

[@tfh5575]

Victim mentality will keep us down, education (not necessarily formal) and work is what will get us out

[@ndle22]

Thank you Dave! Your show is awesome!

[@claricekwong1577]

I love these ! Very encouraging

[@PCConditioning]

Nice job Jay. I'm from the next town over from Needham, MA. Local guy done good!!

[@Sean-jb5gi]

Colleges will create 4 year degrees in ANYTHING that will sell.

[@Michael-ke8on]

The Dave Ramsey Show team: When is the next Millionaire Theme Hour going to be on the air, as I would like to listen to it live? What day and time in EST? Thank you.

[@warwagon]

Something tells me, if you don't give, you aren't making it on the Millionaire theme hour.

[@bunnie1294]

Why is there so much dissing in our culture against people with high GPAs? I am glad this guy called and had a near 4.0 GPA. It is statistically less likely for people to have a 4.0 but it does not mean that people with 4.0s are not successful! It means they put in hard work for their education and it is not an easy thing to do! For a society that values hard work, I find it highly hypocritical that there's this dissing. And for Ramsey who preaches making sacrifices to reach the desired outcome, it is very disheartening to see that he would put down people who made many sacrifices to achieve the grades they wanted! I don't have anything near a 4.0 but I absolutely admire people who do. I have met very few people with very high GPAs that do not put in the equivalent hard work to earn it. And these people ARE successful after they are done with school! I have only met one guy who is a first generation multi-millionaire and he was the valedictorian at his college.

[@RamForreal]

You missed the whole point about GPAs. It is assumed that people with high GPAs will be wealthy because they will likely have a good job after college. Dave's point about not having a high GPA is that it (becoming a millionaire) can be done by anyone, even those without a high GPA.

[@kylerider7125]

Someone finally gave the answer about blue jeans that I would have give. Before twenty one years old. Probably 80 or 90 dollars back in 2007 or 2008. Then now a days it’s no more than 20 lol

[@mlambert1974]

great video! Inspiring...

[@letschatfamilyfinances]

Impressive!!

[@bgood4449]

Captain on fire department. I wonder if there is a pension involved.

[@thetravellingjanitor728]

Vanguard

[@parkerbiskup8458]

Why is there a hand on the guys shoulder in the thumbnail? There is two people, but five hands.....?

[@marcusarelius]

Random question: How many times per year is interest on investments compounded? For a traditional IRA and 401K...

[@randomvideosn0where]

Being in the market it does not really compound, the value of the shares goes up and dividends are quarterly.

[@steedu46gt]

lol and a rent a center ad comes on

[@garrikcook5940]

I think Dave Ramsey should go into details sometime in his future videos on how to invest, and tips on what to invest in, but of course at our own risk. But I do think that this future video if he hasn't already done it would fix the disconnect among people who assume that it would be better to just save all their income up until retirement.

[@HV-ie8vo]

He does through Chris Hogan. He works for Dave. Look him up. He is awesome.

[@maxlewis2011]

I see more of a $1million or $1.2mill.....need more breakdown. 401k,pension, mutual funds, Union annuity.....legit breakdowns

[@TheBrooklynHustle]

All the millionaires are old and near retirement. I'm hopeful you share someone under 40

[@Michael-ke8on]

Either get a very good paying job with no debt or receive an inheritance. It's simple math.

[@TheBrooklynHustle]

+Michael R Easy for people who got in at a good time, not millennials who are graduating with 50k+ debt and a 35k job market 😢

[@Michael-ke8on]

You're the type of person that Dave seems to be on a rant about. You're making excuses; obviously, not everyone graduated with college debt. Or, another way that you can be under 40 and be a millionaire is if you live at home with your parents and have virtually no expenses (then again, this seems to be like sort of receiving an inheritance anyways) and save a huge portion of your $35,000 salary. Again, it's just simple math.

[@Operation61]

david karpe

[@mchristr]

Old? Ouch. Life is about practicing disciplines over decades. It's hard work but don't worry. If you're smart with your money and keep your body fit, getting "old" can still be a very high quality life.

[@maxlewis2011]

REAL BLUE COLLAR MILLIONAIRE 💙

[@tims1682]

This caller is not helpful because he leaves out too much detail on where his wealth came from. His answers to Dave's questions make it sound like he somehow built that much wealth by simply saving on a fireman's salary. There is no realistic mathematical path to those kinds of numbers without something else in play here. Rental property, flipping houses etc...? Some indication of that would have made things more clear. Dave also didn't ask him the borrowing to acquire wealth question. If he did initially to get the ball rolling that isn't the end of the world, but Dave is very anti debt for any purpose. So, maybe Dave left it out because it doesn't align with his message. If he didn't inherit anything and really only made less than 100k his whole career, he was doing something else at the same time with a lot of upside to it because unicorns don't exist.

[@XploreAz]

Dave did ask him that very question at 2:57.

[@Aaronsolnelson]

Tim is right. The guy has a 4 year degree and is 48, so he has been working maybe 25 or 26 years. He hasn't earned 3 million, probably not even 2 million, in his life. He must have had great return on his investments or left something out of the picture.

[@Pto234]

He said he was 52... 20 x his average 75000 = 1,5 milj with compound interest that could easily make 3 million.

[@dfo254]

he was a captain and that's not his net worth that's marketing :) he said 20 yrs he started made under 100k a year before tax and charity 15-20%. So I'm going to call BS on that one. Having said that though you can end up with healthy nest egg but that is exaggerated by 1.5 mil at least..

[@bhilbert11]

If he is land lording this is totally doable.

[@dfo254]

+Bryan Hilbert I just don't see how math works out on that. Rental units if your lucky earn 8-12% on investment. If he is not including his mortgage loans as debt then maybe....but it's still not as presented. I am a supervisor in local government and I earn a little over his salary. I max 457 account and have rentals that are paid off, I don't tithe and am 45. With the time frame he is talking about it is impossible to have that NET worth on his own money without outside money or he including debt. You kinda have to see that don't you?

[@tamaralaird3389]

Do you mind to tell us who you work for?

[@lisaburke7506]

Jay said that he now gives 15-20%. I doubt he started giving that much 20 years ago but that he worked up to it because Dave Ramsey's method emphasizes building an emergency fund, paying debt, and give 10%. Also, $1.3 million is in retirement. Making on average $75k and contributing $15-20k/year in an account like Vanguard with compound interest, you most definitely will make that $1 million mark! He most likely lived a very modest lifestyle (also what DR teaches) to reach that goal. Looking at his sons they are also maybe at most 17. So, at 52 Jay would have started his family at 35/36, much later than most people. Not having kids young or at all also helps one build up wealth for retirement. I don't understand real estate so I don't know how he has a million in assets there. He might receive bonuses from his real estate venture which technically isn't treated the same as income that he put towards his savings and retirement. They glossed over a lot, but with no dependents for the first 15 years of your adult life making $70k there is really no excuse not to have a million at retirement unless you are truly bad with money.

[@adrielaraujo2604]

+Lisa Burke If he has $1 million in Real Estate, it is probably $1 million worth of property debt free or of equity if he has a loan or loans.

[@geofferypmeyers]

I love Dave but he needs a small lesson in anecdotal evidence