How 8 Overnight Millionaires Made Their Money

💵 Create a free budget. Sign up for EveryDollar today! ⮕ ter.li/owvnye
From the inheritance scandals to the Antiques Roadshow to pension stealing, Rachel and George uncover wild stories of people who became overnight millionaires. Plus, they’ll walk you through what it really takes to hit your first million.
In this episode:
• The craziest get-rich-quick stories George and Rachel could find
• Why 70% of lottery winners end up broke
• How you can become a millionaire-even if it doesn’t happen overnight
Helpful Resources:
• Booking a flight with Going is the best and simplest way to pay less and travel more. Sign up for free today at going.com/smartmoney.
• Do you have a Guilty as Charged question for Rachel and George? Send a DM to @rachelcruze or @georgekamel on Instagram! Be sure to type “GUILTY?” at the top of your message so we don’t miss it.
• Learn more about your ad choices: www.megaphone....
• Ramsey Solutions Privacy Policy: www.ramseysolu....
This Week’s Happy Hour Special: Strawberry Mint Summer Sparkler
Recipe by Elliot Clark, @apartment_bartender
Ingredients:
• 2 ounces gin
• 1/2 ounce ginger liqueur
• 1/2 ounce strawberry syrup
Pull up a chair to the happy hour you wish your friends were having. Mix two money experts with some hot takes and a splash of nostalgia, and you get Rachel Cruze and George Kamel talking unfiltered about what’s going on in the world, pop culture, and how to afford a life you love.
Watch and subscribe to all The Ramsey Network shows here: www.youtube.co...
Ad Choices | Megaphone by Spotify
megaphone.spot...
Ramsey Solutions Privacy Policy
www.ramseysolu...

[@jayess4]

“The character is built 😏” CRACKED ME UP

[@emjhendrickson8290]

Ugh need this encouragement SOOO much. Been trying for years to become wealthy. Covid screwed me over so much. Lived in my car. Been wanting to go on a cruise but putting it off to pay off debt. It WILL happen. Finding ways to encourage myself ❤😊

[@brendareece6796]

“What in the ‘Weekend at Bernie’s’?” 😂😂😂

[@ashleymcdaniel6188]

Lol I know I lost it when he said that!! Haha

[@katyedwards3935]

We all need to watch that movie after watching this.

[@jayjulez7543]

Watch the movie.

[@chetanjilhewar1669]

@@jayjulez7543for some people like forgot about the movie. But I did see it but forgot about the plot.

[@Czech_Mate704]

😂 a classic movie

[@carlaritchie331]

Great to hear Rachel say her starting salary. It wasn't 6 figures from the start like people assume. They always ask callers, so seem fair to be transparent about what income they had to start the baby steps. Debt to income ratio helps put things in perspective regarding timeline.

[@egs2169]

What she failed to disclose is she had help from Dave getting her first house and her income has risen dramatically since that time. She lives in a house worth $4.7MM. If she follows the Ramsey principles of a mortgage no more than 15% of take home pay either she and Winston and making big money or she had help with her first house and got a big jump on equity to trade up to this.

[@mramirez410]

Thank you both for doing this podcast. With so much heaviness in the world I’m so glad I stumbled onto this podcast. Giving me laughs in some tough days while also giving me productive and positive things to absorb into my brain! Lol

[@gabec1087]

One of my favorite podcasts 👌🏼 Look forward to it every week.

[@AbbyJo451]

Another fun episode!! I got excited when I realized it was Thursday and time for another episode today.

[@lauranewman564]

Diego Rivera was amazing. He was married to Frida Kahlo and she was a fabulous artist as well. The buyer likely hung the art in his multimillion dollar home. People don't usually say they have a 2 million dollar painting; they say they have a Diego Rivera.

[@melissajones7655]

Never heard of Diego Rivera! Where were these people educated?

[@lauranewman564]

@@melissajones7655 Diego Rivera was a famous Mexian muralist.

[@jamiestanley9234]

Great episode! I’d just add that when you give to someone who may or may not be homeless do it from your heart. Don’t worry about what they do with what you give. Let god sort that out. Giving shouldn’t be contingent on the other persons motives. ❤️

[@emjhendrickson8290]

Excellent point

[@jamiestanley9234]

Thanks! This was an important lesson I learned 😊

[@seems188]

But I always thought it was "come on Eileen" 😂 not Irene! 9:44

[@Z52-g1i]

For your information: its come on Eileen!

[@Gunsnwhiskey]

You guys don't know who Diego Rivera is?! He was Frida Kahlo's husband! And I know very little about art, ha. Also so crazy about the mummified dad!

[@chemquests]

Who’s Frida Kahlo?

[@Gunsnwhiskey]

@@chemquests lol!! Are you trolling me??

[@chemquests]

@@Gunsnwhiskey no in the sense that i have never heard of them, but yes in that I’m objecting to the tone of the exclamation points. I suspect most people aren’t familiar with those artists & it’s not surprising.

[@Gunsnwhiskey]

@@chemquests it is surprising that someone wouldn’t be familiar with Frida Kahlo. She is one of the most famous artists of all time and definitely top 5 for female artists. Salma Hayek played her in the movie. Which I’ve never seen, again, I’m not a big art person. Any google search of famous artists will turn up Kahlo, so yes, very surprising.

[@chemquests]

@@Gunsnwhiskey I’ll have to check her out. I’m definitely familiar with Salma Hayek!

[@catherinn.951]

I love Rachel, she is so funny and keeps it real. Her laugh is contagious. I like watching this for the golden nuggets she throws in there. 26:04 got me crying, she is so freaking funny

[@anonym.blackqueen]

Great job Rachel and George! Thanks for sharing your wisdom 😊

[@sariahhayford3331]

Dying over some of these stories 😅

[@stylesbynataliemichelle8549]

I’m with George on the dog inheritance 😂❤ love my dog 🐶

[@user-ff4en4lf2f]

Always a good show with Rachel and George. A fun time with a serious subject!!!!

[@khb325]

Can anyone share where Rachel’s shirt is from? 😂 it’s really cute!

[@mgvd218]

Diego Rivera was Frida Khalo's husband! He died in 1957

[@angievol09]

The higher George's net worth gets, the higher his pant rolls gets 😅

[@GeorgeKamel]

If I’m ever wearing short shorts please know that I’ve made it to billionaire

[@angievol09]

@@GeorgeKamel haha love it!

[@blakeharrison3972]

Collector cars can be assets, but most cars in that realm are rarely driven so it defeats the purpose

[@abbyhuber1877]

Diego Rivera was a famous Mexican painter

[@GeorgeKamel]

I know Picasso, Da Vinci and Bob Ross. Anyone else is beyond my pay grade

[@Daphattack]

I would 100% settle managing 12 million dollars for a dog. We would both live fantastic lives 😂. Whenever we see the Aristocats with my kids Im like the butler played the wrong cards. Take care of the cats and enjoy the money 😂😂

[@maribellewis4820]

How about a video addressing finance education in schools. Not sure if you have something like this already? I have kids in middle school and college.

[@katyedwards3935]

Follow the Baby Steps in the order they were written and keep saving/investing when you reach Step 7 and you'll slowly but surely become a millionaire.

[@flybyav8tor]

The baby steps was the beginning for our family. I was 30 immature, married, and in debt. Getting out of debt taught us how to do something hard. We just kept doing harder things. It’s been 7 years now, and in the past 4 years we’ve opened 3 businesses, had 3 kids, and increased our income by 4x. Take home pay will be around $700k this year. This all started from doing hard things like following the baby steps and committing to my family to manage all that earn and are given.

[@daniellearias9820]

legit screaming 😅😂 “Ive never heard of Diego, I’m sure he’s a nice guy or was…” my 8 y/o knows who that is 😭

[@mariad3011]

Awesome episode! @rachelcruze loooove your cute top! Where is that from? Thanks!

[@adawilliams9791]

Warren Buffett has stated he isn't leaving any of his money to his kids....it all goes to charity

[@eobardthawne324]

He said most is going to charity not all. Hes still leaving them about two billion each.

[@Not_your_stalker_breh]

Thank you cast and crew this was a good one.

[@Jdonaleshen]

The inheritance bit is funny because my wealthy great great aunt left her money to the aging donkey society and the jockey club of England (she didn’t even live in England) and her only living relatives her great nephews were livid

[@lisa5335]

Love this podcast ❤

[@coconuthead1178]

Cocktail/mock tails book coming soon?

[@rickcooper156]

I Love these shows!!! Thank you Dave Ramsey for creating all of this, you've changed my Life!!!

[@hockeyhalod]

Sometimes a painting just helps you over your life. Say $500 spread across 30+ years. Not that expensive to inspire you to create more. Plus asset if it is a good artist, haha.

[@truthseeker6370]

I'm constantly amazed when I enter a gas station store and see the people who clearly don't have 2 pennies to rub together, in there buying lottery tickets. Makes me sad.

[@mrs.zahoursartpage6247]

Love the show but got second hand embarrassment that NEITHER of you knew who Diego was??!! I was like Rachel’s going to make fun of him and call him out for not knowing, then… 😢 nope.

[@tubenachos]

Rachel is already lit up 😂🥴

[@katiedickinson7866]

It’s funny. Do you guys know who Leona Helmsley was? She was like cruella deville

[@MrMustangrick]

She was known as the “queen of mean”

[@dijonmusta]

We like the stock!

[@mathematician1234]

I have won the lottery and been on an airplane hit by lightning. Neither changed my life. Maybe because the former was only $200 and the latter was a flash, a big bang, lots of women (and some guys) screaming, but nothing else, and I went back to reading my book.

[@Our22qJourney]

“Making sure you’re not a mummy” LOL.. bahahaaaa!

[@BF_official_my]

Hey George, there is a city in my country named Georgetown already.😂 would like to bring you there someday to visit! But unfortunately you'll need to think another name😂

[@sothearyouk373]

Thanks for all the financial info. You two make me laugh and smile. On our way to becoming an Everyday Millionaire!

[@davidmilhouscarter8198]

24:38 I make $31/hr which annually is ~$65,000. I think that George makes more money than me. Let me know if I’m wrong.

[@nadinesoldivieri1263]

So true about the lottery winners! I have a friend whose parents won 1 million in the lottery and were broke within 2 years and then, they hit the lottery again for another million several years later and lost that too! Seems to crazy to be true, but I swear it happened!!

[@lyncea76]

Could you share the whole recipe of the drink?? Missing over 1/2 the ingredients

[@gabrielbermudez9012]

“100,000 of thousands of nights” is equal to almost 274 years. So maybe Ramsey solutions helps people a little faster than Rachel said 😅.

[@yankeefrugal]

Dogs have souls

[@marycallen8428]

Basically what happened with GameStop is that redditors realized that GameStop stock was being heavily shorted meaning the investors thought it was worthless, so they “borrowed” shares of stock from other people, and sold it with the hopes that the price would drop so they could buy it back at a lower price so they could pocket the difference in value before giving the stock back to the owners they borrowed it from. So redditors realized that this is a way for the 1% to make a Boatload of money and they decided to collectively inflate the value so there was no difference or even a negative difference (meaning investors would have to foot the bill to buy back the stock at a higher price than what they sold it for) It became a huge thing!

[@ewitte12]

I wouldn't spend a cent if I won that much, just live off the interest. I've listened enough to Dave Ramsey and didn't know about Rachel being is daughter.

[@TheSUPERHAPPY1]

Regarding art: Look-Up Maud Lewis. She sold her paintings for $5 and was poor and had a disability. Richard Nixon ordered a painting from her. One of her paintings sold for $350,000 recently. A movie was made about her starring Sally Hawkins and Ethan Hawke. She lived in a very tiny home

[@tcgtpl]

@1:35 - Hundreds of thousands of nights to make millionaire status? That’s not a good sell for the Ramsey Solutions, considering 100,000 nights is over 273 years. I know it’s a joke but ouch! Their plan is slow & steady, so you can eventually make it if you stay consistent but it’s more decades than centuries. 😂

[@andiclemenza6476]

Love it!!!

[@momofthewildplace]

George can’t keep a straight face in this episode. lol.

[@truthseeker6370]

Ya'll are too funny!

[@gingergann3934]

I agree with George, give panhandlers the meal. I gave one fresh vegetables from my garden, found the food in the trash. Another guy panhandling outside the local shopping center - sign said would work for food - a couple times I gave him a hamburger and soda. I then offered him work for money. He had every excuse. A week later, I saw him with his very well dressed family buying high end foods, and get into an expensive nice vehicle. I only offer up food now.

[@shakira1702]

I'm always there for a THE Lizzie McGuire Movie reference. I never even thought that she could have gotten rich after all the stardom!😄

[@michellecipriano1245]

Albañil comes from Arabic like all words that begin with “al’ en español. : ) Fun episode!

[@kamakazecam]

Worst experience I ever had was going to pick up called in food. When I paid, the guy took the card machine and pressed the tip button himself, then gave me my card.

[@jsmriches]

I think I read that the grandchildren in the Hemsley case did sue and some of the dog's inheritance did end up with them.

[@Caliabra]

I love ya’ll but take a art history class or go to museums. Diego Rivera is so famous. There have been many movies about him, and his wife Frida Kahlo (ever heard of her).

[@GeorgeKamel]

You want me to take an entire art history class so that I understand a fly by reference on a slightly deeper for a single episode of a weekly podcast? Feels like a stretch.

[@stephrodriguez7610]

there is a Georgetown in Texas!!!! 🤣

[@chemquests]

And near DC

[@desireelewis6441]

First time posting for anything really. I believe dog story was used for a Netflix original movie my kids love Dog Gone Trouble. Ps. We are baby step 3 starting last month. Going to sign up for our scream soon.

[@EnVec0]

Can confirm a lotto winner dropped by our office and spent over half their $1Million winnings on a car for them and their girlfriend. Most people have no concept of how to spend that much money. And my old gym trainer told me his friends parents won the euro lotto, they took the money and stuck it in the bank and didn’t change their lives. However their son is going around spending money he doesn’t have, telling everyone he will pay them back later. Only spend what you can afford, and don’t try to spend other people’s money.

[@francoisnguyen6623]

The story about the waitress that got $500k sounds familiar. I think that real life story was the inspiration of a Jack Nicholson & Helen Hunt movie. The older man had OCD and only wanted the same waitress to serve him. He paid for her son medical treatment so she won’t miss any time off work to care for her son. Because he only wanted her to serve him. “As Good As It Gets”

[@TheThreatenedSwan]

Even most legitimate charity organizations are either doing bad things outright or the money doesn't go anywhere. This is a big problem particularly for Christians who are well intentioned

[@tiffanynicoley]

WAIT she thinks dogs don’t have souls??? 😱

[@lostinamap]

This is exactly what I was stuck on! 😮

[@mrs.zahoursartpage6247]

I know I’m like ??!! I guess it helps justify eating animals when you think none have a soul.

[@cleliaparnell8743]

They dont

[@tomnohmy1273]

I thought it was about overweight billionaires

[@danielnelson-2121]

It would be interesting to see these two do an uncensored happy hour talking about the raunchy side of money

[@Olivia-2019]

“Hundreds of thousands of nights” 1:36 , I hope not😂 I don’t think I’ll live past 200. Maybe 10,000-15,000 nights max. I would like to enjoy my money 😄

[@jorgemarmolejolu6222]

I understand the dog story, i bet Trouble would rather have its owner instead of the money

[@src4409]

If the doctor filed for bankruptcy... Irene may have not gotten anything. The doctor should have had insurance.

[@davidmilhouscarter8198]

20:11 When I turned 18, I played the lottery because I was allowed to play.

[@jillchapman6993]

Love show great comity

[@mommyreed2]

I got somebody a meal andxas I drove off saw them throw it in the road! :-(

[@rosedewittbukater5763]

Rachel says "the character was built" but when asked what she would do with lottery money she says she'd buy a bunch of houses and a plane. not one dollar toward giving to others? that's the difference between her and her dad.

[@garfieldGG]

Dogs do have souls!

[@steveclark5016]

Should we put in the pool,We are totally debt free and full emergency fund, Investing,ECT just don't know about pulling the trigger and writing the check to start digging,My mind keeps saying what if.?😅

[@its_opal]

Something my mom did was (this is for the guilty is charged question how my mom would say she donated “money” to them) for the people that are homeless she would go and get a kids meal or something similar and give it to the people because she knew that if they really were in need they would be thankful and not give any trouble but if they were doing it just for the money they would ask for money instead and she would say something like “sorry this is all I have” so that they still got help but they weren’t getting money

[@jaredbridge122]

We’re all about it. Haha. Come on Dave.

[@Liz_AMusingWanderer]

Will the dog has to pay taxes to the govt?

[@cariefrost2930]

Planting with long nails😊😊😊

[@CharlotteCarMoments]

This past Christmas I bought a bunch of $20 supermarket gift cards to give to people in road medians, and other places, asking for help. if they are scamming, then I only lost $20 or maybe I helped some kids eat

[@katusha1026]

Another fun example of one is 2.6 million that a guy got for selling a single magic the gathering card!

[@JustCliff]

So basically to make 1M you need to invest 100k/10 years, 50K/20 years, or 33K/30 Years

[@Windarti30]

Hello everyone, I've been researching investment brokers, and I'm really interested in working with someone trustworthy and reliable. With the recent market downturn, I'm looking for a broker who can help me turn things around and make a profit. Can anyone tell me about their experiences with any investment advisor

[@donnaclancy3731]

Your recipe is missing ingredients 😢😢😢😢

[@sarahjones7721]

Please do a podcast about girl dinner and girl math! It would be hilarious

[@alexroberto6353]

5 years is not overnight.

[@meredithmorales1332]

She lost me when she implied dogs don’t have souls 😅

[@lukeharris2622]

✝️

[@RobynMelendez]

Here to see if they’re being roasted for not knowing Diego Rivera.

[@deniseh107]

I was surprised that they didn't even bother to look him up. One would think his name would ring a bell considering who his wife was and he is often mentioned.

[@jamieandkeith]

You guys. Rich people buy art because it’s tax deductible. Not just because they like art.

[@jeehill9592]

500,000,000 in a wee little hysa (or several because im sure you couldnt keep it in 1) returning 4.3% annual returns 1.79m the first month 🤣😂 you could make 500k per month and grow it even at a tiny 4.3% annual return 😂🤣😂

[@zacharylawson2190]

Gift cards to reatraunts for the homeless is an option.

[@BeautifullyModest]

Theres actually a movie about the second story 😂 its a children's movie on Netflix kids

[@KristoferKringle]

Recently Post Malone paid a person over 2 million dollars for a Magic: The Gathering card of The One Ring from Lord of the Rings!

[@brookecarrillo3432]

@georgekamel once that baby is born your dog will feel like chopped liver to you. My dog was my WORLD until my baby came, now they just get on my nerves 😂

[@davidmilhouscarter8198]

14:20 If Norman Bates were a girl…