You ARE Going To Be a Baby Steps Millionaire!

You ARE Going To Be a Baby Steps Millionaire!
Listen to how ordinary people built extraordinary wealth-and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, Anthony ONeal and John Delony.

[@DoTheDomThing]

Owing no one, loaded with cash, and a plan to build that wealth even bigger is a true power move. Great work Ryan!

[@jamesjazzy8040]

Yeah now you got $20-$30,000 a year in debt for the rest of your life for property insurance, taxes, gas and electric bill, phone bill, car bills, healthcare bills, childcare bills, food bills,. Everyone will have debt for the rest of their lives. As even if you’re a billionaire these bills still come up every month/year you can’t pre-pay your taxes and insurance 3 years in advance because they don’t know what it is yet. There is no such thing as debt-free not even close.

[@matt.108]

@@jamesjazzy8040 I’m sorry but basic bills are not debt. That’s a responsibility. You obviously have to keep the lights on. You missed the point.

[@UliSwag]

@@jamesjazzy8040 those are bills.. not debt

[@Iburn247]

This pumps me up. I just sold my house in Massachusetts and got a place in Texas that I paid cash for. Downsized a little bit in house but got 7 acres of land, 4 stalls, a beautiful barn and a tac building.

[@coffeesnob3778]

Wow! Congrats! What a dream place, 🤩🤩🤩

[@lukesolsbery9760]

Glad to hear of your success... I hope for continued growth for you and your family.

[@j.l.salayao8055]

Way to go Adam! My wife and I with two 4 legged companion just got back from Texas a 3,000 mile journey back and forth to help extended family member start their life in Texas as a teacher and a coach. It was a good experience and can't we to visit again. Yeeeeehaaa!

[@mackymacky6959]

Welcome to U.S. of TEXAS!!!☺️

[@tumbleweed4185]

Did it come with a hay rake and a baler???

[@pahjammer9173]

6 months till my house is paid off (47). Its real it works. P.S. I'm about to evict the bank from my house. 😂

[@colincopeland8890]

December for my wife and me. Congrats!

[@karinef5720]

Wow😍 congrats!

[@markg999]

It's a great feeling for sure.

[@kevinbrewer1399]

I couldn't agree more, kick it to the curb, then have it hauled off! Congratulations 🎉

[@markwhittaker6866]

Absolutely fantastic.

[@bestservedchill1489]

My wife and I just finished paying our student loans. We're in the process of buying a house now. I told the loan office that my goal is to pay it in 5 years. I'll be right where this guy is in 5 years Lord willing.

[@ibrahimcoulibaly4085]

Good luck. You can do it 💪

[@bestservedchill1489]

@@ibrahimcoulibaly4085 Thank you!

[@chris14091975]

Dave Ramsey is the top

[@Basketball2k12]

The grass feels different when it’s yours 💯

[@Cravz69]

Yes it does!

[@charletfoster8917]

🙌🏿

[@ahmadsamadzai8255]

30 days and I am on step 3. Come on end of August.

[@sanderfiddelaar]

Hey Dave i love you and your show!! Greetz from Harderwijk Netherlands. God Bless

[@thinkingoutside970]

There was a time when a high school diploma afforded you a good job. Then it was a bachelor's degree. Now its a masters in the STEM fields. A million used to be a lot of money. Now its a grade 12 diploma. Its not enough. Cashflow is more important than net worth.

[@BunkMasterFlex77]

Never heard the baby steps be called BS before.

[@wesleyadams5433]

I chuckled on that one too.

[@rcj0386]

That terminology is typically used in the Baby Steps group on Facebook, so I bet he's in that group.

[@mitshua]

Me?

[@naturescritter4691]

Don’t pay your taxes and see who owns your house

[@saulgoodman2018]

NO. Pay half. Put the other half in ETF's. Than just pay the house with your income.

[@ellencox8415]

Dumb. Pay it off. Have the security of owning your home and invest your non existent mortgage payment.

[@saulgoodman2018]

@@ellencox8415 Nothing wrong with paying it monthly. He comes out with more money if he invests more money up front.

[@kara2162]

A paid off house is less mathematical and more of a mind shift. It's visceral. Until your house is paid for you have no idea.. you never forget that feeling.

[@millsathn]

@@saulgoodman2018 if that is your logic, why pay off any of it? And why not continually remortgage your house so that you can invest?

[@Silidons91]

@@millsathn stop using logic!!!

[@CaseyBurnsInvesting]

He’s going to be loaded.

[@jesusbowls]

Since when does inheriting money make one a "Baby Steps Millionaire"?

[@saulgoodman2018]

This boomer is a goob.

[@b.cdrisk2035]

Sometimes he says goofy things but how was he wrong about this?

[@saulgoodman2018]

@@b.cdrisk2035 No reason for any name calling.

[@b.cdrisk2035]

@@saulgoodman2018 I didn't call you anything

[@saulgoodman2018]

@@b.cdrisk2035 I'm talking about Dave. Not you.

[@alinatamashevich3354]

@@saulgoodman2018 You are the ONLY goob here, you are a broke joke. Get lost super troll

[@jb111082]

"The grass feels different when it's yours" I love that so much!!!

[@BrandonMinguez]

Debt free will be a great place to be. Good luck to everyone on their journey.

[@jamesjazzy8040]

Yes now you just have $20-$30,000 a year in debt for the rest of your life- taxes and insurance is $8k- $12k a year for most people then you have 6 to 8 other bills that come out every month. There is no such thing as debt-free.

[@kebl1965]

I can attest to this! in 2008 I was flat broke with a net worth of -$66k Today I am knocking on the $1m mark due to hard work and studious investing. His program certainly works if you put it into practice.

[@InvestAndGrow2020]

Crazy how we’re all born debt free. Then bam! Then again trying to become debt free again. Strange.

[@j.m0ney133]

The inheritance will help propel his wealth but having a plan on what to do with the money before he gets it is key. Most lottery winners go bankrupt. Got to have a financial plan and be smart with the money.

[@insideoutsideupsidedown2218]

But oh what a ride....seriously, I would pay the house off and be done with that.

[@kara2162]

He's only talking about a couple hundred thousand in inheritance not millions and the guy seems pretty on the ball. He may go and buy a rental property with cash since it sounds like he likes real estate. Done.

[@hassankhan]

Yes, but its PREMATURE to call him a HERO .... so far I see him a ZERO as he bought an investment property on mortgage instead of paying off his primary residence!

[@zoeyredmond5501]

@@hassankhan seriously? That investment property is now capital that generates income, worst case you sell it and make a small amount on it, the more property you own, usually the better. Especially in this insane seller’s market we have right now, learn more about real estate, it changes everything.

[@jamesjazzy8040]

Perhaps... but they should stay home if they're going to be on the program as people are sick of paying their way.

[@Sam-xc1mm]

“It’s not hyperbole, it’s math”. That’s a t-shirt right there baby

[@TheYonderer]

Please make and link

[@kara2162]

Awesome! I'm the same age as him with a paid off house and no debt. Will NEVER go back! Hope to be an every day millionaire by 55. I do my job because I enjoy it and I like making money.

[@trumpisaconfirmedcuck5840]

I hate my job but the only way out is saving money.

[@kara2162]

@@trumpisaconfirmedcuck5840 Find another job while you still have this one. Doing a job you hate and/or working in a toxic workplace will slowly kill your soul. I've been there.

[@trumpisaconfirmedcuck5840]

@@kara2162 I don't hate my job I hate work period.

[@kara2162]

@@trumpisaconfirmedcuck5840 You haven't found what your meant to do yet. Don't get me wrong - I'm not talking about working yourself to death 60-70 hrs a week, but working part time or even 40 hours a week doing what you're good at is very rewarding.

[@trumpisaconfirmedcuck5840]

@@kara2162 I disagree. I'm 41 years old and know myself well enough to know I would not like waking up and going to a job. It doesn't matter what it is. I'd rather stay home. Don't suggest start my own business either; I want to do that even less. I've also hated every job I've had since I was 15.

[@PhilipMarcYT]

"Baby Steps Millionaire" by inheriting money? Dave, I like you, but sometimes you just don't make sense.

[@britchesmom]

Do you even listen to Dave?

[@jordantrae2280]

didn't this guy say he is inheriting 200k?

[@devengudinas1649]

Kinda

[@alinatamashevich3354]

When the bank does not own your @$$, the tables are turned. You tell them what to do. You don't go begging them for anything, let that sink in. Now ask, who owns me? -Alina

[@Donutkommando]

If I stuck to steady investments in the ETFs such as the vanguard funds, would I have similar results as investing in mutual funds?

[@larrybud]

While not having a mortgage payment is awesome (and I don't have one), it's not really "yours". Try stopping payment on your property taxes for a while and see how "yours" it is.

[@markwhittaker6866]

Exactly.

[@ChrisMFlorida]

i knew some jack would say that.

[@larrybud]

@@ChrisMFlorida What's not true about it?

[@abrahamsylvestre6100]

"Correct"

[@AverageJoePT]

Thank you to all the members of Dave Ramsey team. ❤️

[@jesseelmore3372]

If I was this Ryan dude, I'd want to pay off 99% of the home's mortgage, then put the other 1% into a bank account that's set to automatic Loan payments. That would save his credit score from tanking due to the drop off of on-time payments history. Whatever's left over, I'd either invest in the stock market or real estate. Deciding which to go with would be base on if he has a stable income source, does he already have stock/ real estate, if so how much & what type, If he already has both then what boring cash flowing businesses (operator or manager manged) can he purchase to provide diverse income streams, if he has 3 or more stable income sources then we would need to start talking about generational wealth building such as trusts & family LLCs... And so on. Dave's advice works for just about 70ish% of the people who listen to his advice but the other % may need a more detailed approach for their personal situation.

[@dustinp161]

Why does he need a credit score if he’s never going to go into debt again?

[@ThisLinkisDead]

“Normal sucks in this country”

[@chriswalls5831]

I own my car and I can take a little make things on it or build on it

[@antnfs]

I don’t like it bring back the yellow

[@derekrank4572]

i guess he doesnt need UBI lol

[@sourcedevie1473]

He is good guy

[@Imtje_]

How can I get on a call with Dave?

[@insideoutsideupsidedown2218]

1) you need a phone 2) dial the number for the show...

[@mxerb5912]

I almost wrote a check to pay off my house but found I rather have the capital earning income than sitting all in the house doing nothing but that’s just me.

[@devengudinas1649]

U scared ?

[@aaront936]

@@devengudinas1649 no thats being smart. Why lock it away in a liability when you can have it compounding and making you money.

[@finestoffreedom3170]

You know best at the end of day and a lot of time moments like this we end up doing both somehow

[@pz1269]

Why don't I feel free with no debt and 900,000k in my IRA at 50?

[@DADAngelo]

I dunno, maybe you should see a therapist? Not making fun of you but if you have no debt including a paid off house and 900k+ in investments at 50 you are in very good financial shape.

[@karinef5720]

What's your next goal, vision? The journey of achievement is hard and exalting. Maybe you don't find an other goal with excitement.

[@pauljinadu]

You are not being generous enough, find a good cause, get involved and get your hands dirty helping a few orphans and watch yourself come alive and feel your freedom. A pile if cash can only give you joy for a bit afterwards you've gotta work that money or u'll be stagnant and sad.

[@kevinbrewer1399]

My wife and I have 650k in retirement accounts with a 250k home no mortgage and 30k bank accounts and paid for rental worth 80k and drive paid off vehicles and still not impressed, I still work 55 hour's weekly, one day I hope to slow down!

[@lukesolsbery9760]

@@kevinbrewer1399 As someone in a much lower current standing (but now actively working to improve), I say absolutely congratulations! I am recently finding myself actually feeling good when hearing about another persons success. Keep working so long as you find happiness. Maybe slowly weaning yourself down might be advisable instead of "retiring" cold turkey and finding yourself restless... I don't know, just a man rambling and not giving out advise. Be well, you and your family.

[@lkj0822g]

One question not asked was whether or not the inheritance was an IRA account. If so, he may have to structure the withdrawals as to limit the tax implications. This would be an opportune time to meet with a financial advisor / CPA to go over all the financials and to determine the best course of action.

[@michaelvan6675]

You always owe property taxes and insurance

[@ibrahimcoulibaly4085]

Insurance is $800 to $1000 a year and taxes $2,000 to 3,000 a year 🤷 Wich thats like $300 per month like dave you pay that working at fast food jobs

[@andrewsalazar98]

The grass is never yours so long as property taxes exist

[@jack-ss1ig]

What a Blessing 😢

[@DEACONPETERWATSON]

POVERTY TO MILLIONAIRE

[@WarrenHenry]

3:42 😂😂 TRUTH!

[@SuperMary222]

Congratulations

[@hill0532]

Huh? Put $2k a month in an investment every month vs put $170k in an investment today..... Is this really his advice?

[@southrichmondtofl]

Right? Investing 101...TIME IN THE MARKET

[@tones_2466]

3:45 😂😂😂😂😂

[@YanilleCastillo]

Whoohooo congrats 🎉

[@slamdunkslamdunk6995]

Preach!

[@annajones9701]

He will be wealthy

[@charletfoster8917]

👏🏿👏🏿👏🏿👏🏿👏🏿

[@1timothydillon]

Baby steps millionaire really is stupid name

[@alinatamashevich3354]

And you are not one, got it!

[@AaBbCcDdEeF]

The caller is actually very exhausting to listen to.

[@hassankhan]

How is this guy a hero? 👎🏽😡 $200,000 coming from inheritance! What it has to do with this guy being a hero? And then he sold 'other house' (i.e. an investment property) which he got on mortgage, instead of paying his primary residence, and this is also blatantly against Dave's babysteps). So why are we calling him a hero again ?? Common Dave! You goofed up on this one. 🤷🏻‍♂️🤦🏻‍♂️

[@alinatamashevich3354]

Nope, if he follows the steps he will be set, but like most Americans probably you, will be broke and a joke.