Live from the headquarters of Ramsey Solutions, broadcasting from the car rental studios, it's the Dave Ramsey Show where that is dumb cash is king in the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Thank you for joining us. Chris Hogan Ramsey personality is my co-host this hour. A very special hour here on The Dave Ramsey Show. One of your favorites, America.

It's an everyday millionaire theme.

Our we're going to talk to real millionaires and find out how they did it.

What did you do to become a millionaire? Did you inherit it?

Did you hit the lottery? Are you an NFL player or an NBA player or did you just work your butt off and save your money?

And we want to know how it really happens so that some of you who have not yet gotten there can learn the formula of how you get there.

That's right. We started doing this, Chris, because a lot of people believe a lot of lies.

There's a whole lot of lies out there, Dave, a lot of lies that it's got to be inherited, which we found almost 80 percent of these millionaires didn't inherit a dime. These were people that were first generation wealth builders. They built it over time. Another lie is that you've got to make a high income. Listen to me. A third of the millionaires that we studied and we talked, over 10000 of them didn't have a six figure household income.

Dhaif, not a six figure and two people were working. So we got to look at this and understand that we can begin right where you are. It's not a matter of some fancy job title or income level. It's about having a plan and having that burning desire in your heart to reach it.

And the other thing is they didn't give up their life. No, they had a good life. That's right. You know, YOLO, you only live once.

So thank God it's Friday. Oh, God, it's Monday. And I'm broke. And I am a victim of everything. Oh, shut up.

Nope, nope. Not these people.

So if you have a one million dollar net worth or greater, your net worth is what you own, minus what you owe your assets.

Match your liabilities, not your income. Your assets, match your liabilities. The is the definition of your net worth. Sometimes I hear people say an income millionaire. Well, that by definition is an oxymoron because a millionaire is a net worth issue. It is not an income issue. That's right. And you can just say they have a million dollar income if you want to or greater, but that doesn't make them a millionaire. Matter of fact, I know plenty of people who don't have a million dollar net worth who make enough that they should.

Yes, and it's kind of disgusting. But anyway, we're going to talk to real millionaires, including you, if you want to call in the phone numbers, triple eight, eight to five five two two five.

And we're going to interview people who really have done it, not your brother in law with a political opinion who really did it and what did you really, really do? Brian is in Portland, Oregon. Hey, Brian, what's your net worth?

Hi, guys. Our net worth is somewhere about one point five million. Cool.

And break that down for me. How is that categorized?

Sure. Happy to. So we have all told between 401k rocks and regular IRA is about seven hundred and fifty thousand. We have about thirty thousand in non retirement mutual funds, up twenty five thousand our emergency fund. And then we're in that category where we actually did inherit some some money. And so earlier this year we got about two hundred and thirty thousand in inherited IRAs from retirement from my father's passing, decided that we have our our home here in Portland, which we do still own, but we have about four hundred and fifty in equity on that and about one hundred in the inherited share of my dad's house.

OK, so you if I'm doing my calculation correct, that's three hundred and thirty thousand dollars you inherited, but your net worth is one point five million. You were a millionaire before you got the inheritance.

We got right on the cusp not because of. No, that's correct. And it happened just exactly. I in fact, I look back in February of this year, a month before my father passed, we were right at about nine hundred and seventy nine thousand. And of course, the market took a little bit of a nosedive there for a few weeks. But when my dad passed, yeah, we were right there on the energy and course over the rest of the year, you know, so it did inherit.

So how old are you.

I'm forty nine and my wife, she just turned forty eight last week was her birthday on the last Wednesday.

Oh cool. So your range of household income from the time you got started working your worst year to your best year of household income. Oh my gosh.

Well looking back back then, we both came out of college. We were probably eighteen or twenty thousand dollars a year in our first jobs. So we were married in nineteen ninety eight. So about four years after we graduated. So, you know, combining. Come in those early years was maybe 40 to 45 k our best years. My wife was formerly in advertising and earned a pretty nice salary for a couple of years. So we had a couple of years, just about one hundred and fifty k combined, one year, in fact, a little over 200 stock options.

But about ten years ago, she took a sabbatical that turned into a lifelong career change, which is she left advertising and became an artist. And I took a career change in that. I had been an architect for a while and didn't really like that profession. So I'm working on it in a different field right now. And our combined income right now is only about eighty five to nine K. What do you do now? I am a business development, marketing and business development for a metals manufacturing company.

An architectural sort of fun.

Yeah, it really is. And have you all ever worked with an investment professional?

A little bit here and there. My dad actually had one and we've worked with him probably more in the last six months to year than I did at any previous time for a little bit with the folks at my company, the 401k advisors and that sort of thing, but never professional. It was just kind of self.

OK, and you both got degrees out of college, correct?

We did, yeah. Mine's in architecture and my life skills and related to our profession. Graphic design.

Got you. Do you recall your GPA from college? I did pretty. I'm glad you asked about college because college I buckled down and it was around a three three point five. Okay. High school I was not a good student was more about two point seven or so. My wife, she told me hers was somewhere around six, seven or two excuse me. Three, seven, three eight. OK, very good.

Do you all do everything you do? Do you do any giving as a family. We do we we're not attending a church, we are our family gives the charities that we believe strongly and that help those who are hungry need clothing and shelter. We support the arts and our community and our neighbors.

That is fantastic. So are you TV people or book people? You read more or watch more TV?

Probably watch more TV, you know, with extra time on our hands. We've been to watch some shows, but I have to say, I really I enjoy reading quite a bit. I don't read as much as I used to, but maybe a book.

What advice would you have to a 25 year old version of you that wants to become a millionaire? My gosh. Well, I'll tell you, if you had more time than this segment, my life is not our life together hasn't been a success straight arrow shot that others have. We were on your plan actually days. And my wife and I went to one of your seminars in Jackson, Mississippi, back in 98, two weeks after we married. I think it was basically a slide projector and the overhead projector days.

Oh, my gosh. I remember doing that about back in the day. Wow. Hey, Brian, thank you for sharing. Man Appreciate you calling in. Congratulations. This is the Dave Ramsey Show. A millionaire similar. Hey, business leaders, right now, you have jobs that need filling and, you know, there are qualified candidates out there, you just need to find them. Well, my friends, a zip recruiter, make that easy.

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It's a millionaire, an everyday millionaire theme hour here on The Dave Ramsey Show, Chris Hogan, author of the book Everyday Millionaire and Ramsey Personality, is my co-host. Today here on the air, we're talking with real millionaires, not people with opinions, people who actually did it, not people who think they know something about research, who haven't done any people who actually did it. Not people with a political axe to grind, but people who actually did it.

There's a difference. And so if you want to learn how to do something, you should talk to the people who actually. Did it, and that's why we do this show, this theme, our show that you get to talk to real millionaires. Adriana is with us in Phoenix, Arizona. Hi, Adriana.

What's your net worth? And it's just right over a million. Good for you. And how old are you? I'm 41 and let it go. What do you do?

You did it quick. Good. So what is the breakdown of your one million dollar net worth? Give me some categories.

So my husband's for one key. Roth is two hundred forty thousand. His Roth IRA has twenty three thousand. My state retirement is one hundred and seventy four thousand. My Roth IRAs. Eighty four thousand. I have an old rollover, a Roth IRA for ninety thousand. 457 plan for ninety one thousand. An HSA with six cash is about twenty thousand. A college fund with sixteen thousand. We have some additional land that's worth one hundred and twenty and the equity in our home is about one hundred and forty point account for you.

How much of this did you inherit of your one million dollar net worth?

Zero zero. All right.

And your range of income. The best year and the worst year of your household income since you guys started.

So we met. We were in college. So I would say that was next to zero, probably like twelve thousand a year. And then we make about one hundred and seventy five thousand now.

Cool. What do you do for a living?

I am a librarian and he is an engineer. All right.

All right. Very cool. And do you all work with an investment professional?

Yes, we always have. OK, right now we have any help.

OK, very good. And did you all both obviously attended college. Did you both get your degrees?

Yes, I he has a mechanical engineering degree and I have my master's in library science. Got you.

And do you remember your GPA?

Yes, I was a 4.0 student. He was about a 3.0.

OK, so you beat him. That's important for us to move in in school. He is smarter than me, but I will outwork.

Yes, I understand, Your Honor. I understand. Do you all do any giving as a family?

Yes. We volunteer for the local food pantries and Habitat for Humanity and a local scholarship fund. So we also give to them and to our local schools.

So you did this for them between 15 and 20 years from the time you started. Can it still be done? Yes.

OK, so what advice would you have to the 22 year old version of you two who says it can't be done?

You got to tell them it can be done. And what should they do? Well, we we did we at the community college and we didn't have anything, and I would say there's two things that I think made us successful. And one, it's just that you do have to have a little bit of faith and you have to do the work. So when we were twenty five, we felt people that bought a lot of stuff. They bought coffee every day and they ate lunch out.

And they did make fun of me and him for packing our lunch and wearing used clothes. And we believed in the power of compound interest. I believed in what I read. Right. So I believe that that was the most powerful force in the universe. And I wanted it to work for me and not against me. So for a long time, we could way and we didn't see a lot happening. And we also had a few bad years where we never wanted to open any statements because it was 2009 or I bought a house at the height of the market.

And but we just continued to plug away and we did something that I didn't think was possible for us in 16 years. Yeah. And and I think the second part is you do have to do a budget and not just for all the reasons why people say that, but it's also it will teach you about yourself and and that will always change. So when we were in our 20s and we would bicker about him buying too many pizzas and buying too many snacks at a convenience store, that was true.

But without putting your budget on paper, you can see that and you can't factor it out and say this is the stupid mistake I'm making over a month, but then multiply it over a year or a decade and then you can continue to say, do I want to live with that stupid mistake or do I want to do something different? Yeah.

So where did you learn Elderado? Where did you learn about money? Was it from your parents or is it self-taught? I I have a wonderfully hard working parents, but they they didn't want to invest, I'm first generation, okay. And so my father wanted property and which I think is great, but I saw how much harder he had to work. And I thought there has to be something. It was in the middle of that which I would be comfortable with.

So I started reading and because I am a librarian about personal finance when I was twenty four, we've never given that up.

Yes. Way to go. But stable. Well done. Well done. I'm so proud of you. For forty 40 year old millionaire on 16 years beat the averages.

Ben is with us in St. Louis. Ben, what's your net worth?

Today's net worth is one point seven million.

Who will break that down for me by category please?

Six and in a four to one case, four hundred and fifty thousand in wealth raise two hundred and thirty thousand in taxable account, fifty thousand in a 529. And the balances are home, which I'm happy to say. Is that free. All right.

And what's it worth. About three fifty. Three fifty. Good.

Very good. Very cool. How much of this did you inherit. Zero. And how old are you. I'm thirty nine. My wife's thirty six. Wow. You did it quick too.

So your lowest year of household income in your best year of household income. The lowest was about fifty thousand when we first got married, last year was our best one eighty five. Cool. What do you do for a living? I'm a supply chain manager and she's a teacher. All right, very good. And did you all ever work with an investment professional?

Yes, we self managed, but we do have a professional, a sign that helps coaches.

But you. And do both of you have your degrees? We do. I have an engineering degree and she has an education degree.

Do you remember that?

Yeah, she beat me. I had a three point one. My wife had a three point five.

All right. And do you all do any giving as a family? Yeah, we do. We we support local causes in our communities. We give regularly to our church. And I like to also give time. I was on the Habitat for Humanity board where I met. Very cool. That is fantastic. Now, you guys have done this early, thirty nine and thirty six, but I want you to tell me, Ben, what's one of the financial mistakes you made along this journey?

You know, I think early on I was a little too conservative. I was going with some bonds, and if I had to do over again, I would have gone right to stocks from the beginning. That proved to be very useful later on when I figured that out.

You. And, you know, probably going with the right options, too, I was a little slow to take advantage of some of the rough four one K options that came out. So I think the younger generation. That's absolute go after that. Very cool.

What advice do you have to a 25 year old listening to us? I'd say probably three things, you know, make decisions that keep you out of debt. You know, we went to school that we could afford. It was a state school, but it didn't affect us long term. Prioritize your savings over consumption. Let everybody else buy all the stuff, not you. And then, you know, take advantage, like I said, of the Roth accounts.

And because the stocks. Very cool. Excellent job, man.

Thirty nine years old. Ding, ding. Well done, Helen. You want to go, hero? It's an everyday millionaire emailer. We're talking to real millionaires, sir. They're inspiring people. They really did it. It's not a game. This is what it really is. There's so much trash out there in the on the Internet and in people's minds about where wealth comes from. And we're proving where it really comes from. This is the Dave Ramsey Show.

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It's an everyday millionaire theme hour on the Dave Ramsey Show, we're talking to real millionaires, Chris Hogan Ramsey, personality author of the book Everyday Millionaires, the number one bestseller is my co-host this hour.

If You Want the Millionaire, the everyday millionaires investing guide, it's Kris's step by step playbook for building wealth.

It's a 30 page guide. It's free. Yes, it's free, you can download it at Chris Hogan 360 Dotcom. Start now, the everyday millionaires investing guide, a 30 page free download. Chris Hogan, 360, Dotcom and Chris, of course, the book Everyday Millionaires has 140 of the statistics that we felt pertinent.

You felt pertinent as you were putting that together after we did the study here at Ramsey, airtight research with 10000 millionaires. What really happened with real millionaires? And if you want the back story, some of the nerds want the white paper. Yes. On the research, you can get that for only ten dollars. Cherkin and that thing's called something like the white paper comes out the everyday millionaire study. And also it's just digs in. It gives you all the time.

It's original. It's got my big hit on the front of it. And, you know, we signed several of those out of the break. Ramsey, don't go there. And so it's available as well as you can get the book if you want the stories. That's one of the things that's fascinating, the stories of these people that did it. And so you've got an opportunity to get the book as well. Davis telling you all of our best selling books are on sale right now.

So you can grab up and give people some a gift that'll help them. Right. Let's give them a gift that'll make a difference. And I'm excited to share that information with people.

We found a few things that surprised us, but most things did not know. 79 percent of the millionaires did not inherit a dime.

Right. Another five percent inherited a very, very small amount. Not enough to cause them to be millionaires like twenty five thousand dollars from their granny or something like that.

Another five percent inherited some good money, but did so like our first caller after after the fact they became millionaires.

So the cause of them being a millionaire was not inherited money.

And so if you didn't know 83 percent, I'm sorry, and five percent and five percent would be 93 percent of millionaires mathematically did not become millionaires because of inherited money.

So when someone says the only way to become wealthy in America is to inherit it, they are statistically full of crap. That's exactly right. And we need to call that out and acknowledge it, because how many people you've heard, not many people are inheriting anything. And so what it does is it negates the opportunity for people to believe that they can be first generation wealth builders.

Well, and if you're not if you can't get there, then you have to depend on the government to change the laws and steal somebody else's money in order for you to get there. And so that's where this comes from. Yeah. And or if you can't get there, then you're supposed to be angry. Yep. Got to get there. You're supposed to be divisive. That's right. It's supposed to be a racial issue. It's supposed to be a sex issue of man up men over women.

We have to somehow paint the you up as a victim. That's right. Because you can't get there. And I'm sorry you might be a victim of something, but you can get there.

That's right. We got this proves it does. And we all have different start points. Some of us have different advantages and disadvantages, but we're all in the same race. And so you've got an opportunity to start right where you are. So that's why I love that we do this hour for you all to hear the stories of people who are 42, 41, 49, 39, and you're hearing these various backgrounds of people that have just done it.

And that's what you get a chance to do. Just where you are is make a decision and just get started.

Yeah, well, Chris and I, we had an unbelievable advantage. We both have nearly perfect heads, and so God chose to uncover them.

That's a distinct advantage. Save money on shampoo. That's right. And haircut. So distinctive. And we're saving my binda in a barbershop.

And since I was a long time ago, well, you know, I had a little fro by those little clippers at Walgreens and get that little side thing going.

All right.

Derrick is with us, Derickson, New York City. Hi, Derrick. What's your net worth?

One point twenty one point two million. Oh, break that down for me. How was that categorized?

About fifty to sixty equity in the home, not one twenty thousand two thousand nine hundred and forty nine ers.

Big time on the 401k. So old are you. Thirty nine, man, you went to town on that 401k for 39, excellent, so you can't put inherited money in a 401k. So I know the answer to this. How much did you inherit?

My wife inherited a nice insurance policy. Fifteen thousand bucks.

So you're not a millionaire because of that. And what has been the range of your income through your working lifetime, your best year of working income household and your worst year? I just recently got married, so that's more recent personally, most of the ten thousand when I first started and together now married about a little over 300. OK.

All right. What you do for a living? Federal employees, OK? Oh, very good, do you all work with an investment professional? No, we do not. OK. And in looking at this, do you did you both get degrees? Yes, we did. All right, do you want to get your degrees in? Both I'm not sure my wife's mind is in criminal justice and security management. I think my wife and I do criminal justice as well.

Do you remember the. About three a.m., so you're king of the 401k, without a doubt, 39 years old, you got 900 K in their way to go, man. Ding, ding. What motivated you to do that?

How'd you know to do that? I was when I first got out of military doing some real estate on the side, kind of when I was going to school and the real estate broker got me into know personal development, watching videos, listening to audio tapes, and I just kind of learned the concept of myself first. So out of that nine hundred, probably six ideas in mind and the rest is in my wife's.

It's amazing. What branch of the military were you in? The army, how long were you in, sir? It is. Wow, thank you for your service, my friend. That's that's amazing. Did your parents talk to you about money or were you all self-taught? They in retrospect, they probably exhibited great behaviors. OK. I wouldn't say it was a topic of conversation, right.

Very good. And so let's say you're talking to some 22, 21 year old, some new enlistees that are out there. What would you tell them to really help them understand that it's possible for them to become an everyday millionaire? I mean, as a father of a 19 year old, I kind of tell them, you know, I didn't start. I was about 25, 26. I can't even imagine. So it started just a couple of years earlier.

So, you know, I try to encourage other younger folks to stuff about it. That's right.

No, that's very true, my friend. It's amazing. That is amazing. Excellent. Why did go, man?

Why are you go? I'm so proud of you. That is beautifully done. Very, very well done.

At 39 years old listeners out there.

We've had we haven't even had one of those 50. I was just getting ready to say we keep trending younger, Dave.

Well, I mean, 49, 41, 39, 39. That's today. That's right. That's a pretty stinking incredible. Yeah, very interesting. Because in our study, the average millionaire, by the way, was 52, 52, and it took them an average of about 18 years to get there earlier. Once said 16, they did it. And the average, by the way, is an average.

That means it could take you 30. That's right. Years are could take you six years or it could take you eight years. But, you know, the average is somewhere around 16, 17 years, which is amazing.

And, you know, you start to think about this again, regardless of income, regardless of job, these are all people that had a plan and are extremely intentional with their money. One of the most shocking stats coming out of the book, 97 percent of the millionaires, 97 percent feel that they control their own destiny process that versus like 52 percent of general population. So it's about what you believe you think you can do. And this is something that's important for us to understand your mindset, what you believe and what you work toward, because it's possible.

That's it. 73 percent of millionaires never held a penny of credit card debt. So you can stop it today and that increases your chances. This is The Dave Ramsey Show. Our Scripture of the day, first feeder, three, 15, but in your hearts, honor Christ, the Lord is holy, always being prepared to make a difference to anyone who asks you for a reason for the hope that is in you, yet do it with gentleness and respect.

Rosa Parks said, stand for something or you will fall for anything. Today's Mighty Oak is yesterday's nut that held its ground.

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And make these dreams happen together, the RAMSI plus marriage bundle, one of the best gifts for your marriage, go to Dave Ramsey, Dotcom Schleiff store, get it today, Dave Ramsey, dotcom slash store. It's an everyday millionaire theme hour here on the Dave Ramsey Show. I am in the lobby of Ramsey Solutions. We have an everyday millionaire. Carrie and Lori are on the stage with us with the microphones on. Hey, guys, what's your net worth?

Hello, Dave. We we're about just a little over a million.

Good for you. And break that down for me. Oh, we've got about seven hundred and seventy thousand dollars in retirement funds, about 30000 in cash cash type accounts like checking in money markets. Such we've got a home worth about 300000. But we 048 on it. Mm hmm.

Oh. Let me say good deal. How old are you guys? I'm 58 and I'm 49. All right, very good.

Here we go. And how much of this 700 million dollars that you guys inherit? Not a bit zero. How long y'all been married? Twenty five. All right. There we go. And so what was your best year of working income and your worst year household income?

Household income is 160, and this is looking to be our best year so far ever. And what was your worst year? Well, probably when you just get married was about 60, about 60, what are you going to do for a living?

I am a neonatal intensive care nurse at Duke. Mm hmm.

And I'm a retired U.S. state trooper and I work part time at a church.

Oh, you guys get your degrees, obviously. Yes. OK, do you remember what you get your degrees in? Um, I have a bias in.

OK, in what? Nursing. Yeah. Yeah.

And I have a B.S. in music business. Gotcha.

Do you remember GPA three point one for me if I'm OK and I think I was three point five.

All right.

So you, me, you. Because you all do any giving as a family. You absolutely do. You, you say that with fervor. You give what you do.

Well our biggest giving is tithing to church, but we also give to non-profit non-profits to benefit poor and needy.

That's fantastic. And the food bank and um.

OK, missionaries, a nurse and a state trooper for 25 years, you got a million dollar net worth. You didn't inherit any of it. What's your advice to somebody out there listening? Because, you know, a lot of people think you have to be a doctor or lawyer, NFL star or something.

And you guys are working two really good careers, but nothing particularly fancy about it.

And yet you're millionaires. What's your advice to the younger younger ones listening?

Well, for me is it would be to just start start early and stay consistent with listen to your husband.

Oh, yeah, I like to spend, but so he reins me in. That's how we balance each other out and I try to make him have fun. Good. Brown Oh that's right.

You got to have a balance. I tell you, working as a team, you see the stuff you can accomplish. Yeah.

Larry Birkhead said if two people just like get married, one of is unnecessary.

So you need each other. Well done, you guys. Good night for sharing your story with us. Seriously, God bless. Nick is with us. Nick is in Gilbert, Arizona. Hi, Nick.

What's your net worth day? It is between 145 and one point six.

No good for you. And give me a breakdown on that. A million dollars in Iowa and lost mostly to pay for four hundred four hundred thousand dollar house, but one hundred thousand dollars in savings, checking in emergency funds and somewhere between 50 and 75000 dollars worth of cars and stuff. Yeah. Gotcha.

Great. How old are you? Fifty six. Good for you. Cool, and what do you do for a living? I have worked in aviation management and retail management. Right now I'm a pharmacy technician.

OK, very cool. And how much of this Millar's million and a half dollars did you inherit? None of it zero. And what's your range of household income in your working lifetime, your best year and your worst year household income?

Best year ever was 116, my lowest is probably right now I make about 36000.

Did you say 60 or 160? 160, 160, OK. And do you work with an investment professional at all? Yeah, I am a financial planner. Good, good, good, good. And did you get your degree? No, I don't have to go, OK? Do you remember your high school GPA? No, probably. I got used to no. And that's a society that never went to college. OK, all right.

And do you do any giving right now? Yeah, my wife and I get regularly to our church. Good for you guys. What advice do you have to the younger generation if they want to be you when they grow up?

Probably just always say the best advice I got when I was young was from a few days early retirement. I really encouraged me to put into my work and have just always saved and never had debt. So if you if you just don't borrow from yourself and always be saving, I don't know. I was a millionaire to get a financial planner and we kind of scraped all of my my old for one case together and realized there was a lot more money there than I thought because I'd just always been saving 15 percent.

Yeah.

It's time to go on green very seriously. All right, Networth today, one point five one one point seven, one point two one and one and a half.

None of them became millionaires because of inherited money. Not no one. Not at all. None of them over 60. Only a couple of them over 50. That's right, 39. Attardi not a 41 to 49. A 58 or 49.

A 56. No, 4.0 GPA. So you don't have to be brilliant, but you do have to be bright. That's right. It can't be done. No, no. But but if you look at this various career fields, individuals that all said that they were either self-taught and nobody spoonfed, there were no silver spoons here. These were all people that had that worked hard and made a decision intentional.

And I think this is important for your listeners, libraries and engineers, supply chain police, federal employees, police officer nurses, it's all architect development.

What you have to do is decide that you're going to chase down your dream. And I don't care where you sit. And I know this year's been a crazy year, but you still get to decide. And over the next three weeks, the decisions you make financially can set you up to make 2021 one of the best years you've ever had. But you need to decide and you need to stick to a plan.

Absolutely. So if you haven't heard the study we did was 10000 over 10000 millionaires. It's the largest study of millionaires ever done. My friend Tom Stanley studied 750 millionaires when he did the book The Millionaire Next Door back in 1992. His daughter Sarah continues that research. And if you want some other research to read, it's excellent research. They both were researchers by trade academics and they do a great job. He always got criticism because people said 750 wasn't a large enough sample size.

I know enough about statistics to know that it is a statistically significant sample size. It is was accurate. And as a matter of fact, the a lot of the conclusions that he came to were the same ones that this study revealed.

So we decided to do 10x of what he did, 7500 people just to shut up the left wing nut jobs.

And then we got carried away into new seventy five hundred. We went and did over 10000.

So this you know, if you don't agree with the conclusions of this study, you're what's known as wrong.

That's what this amounts to. So bottom line.

Yeah, check it out. I got the book every day. Millionaires buy it for one crazy friends and you can prove you're right.

That puts us of the Dave Ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember, there's ultimately only one way to finance your piece, and that's to walk daily with the prince of Peace. Christ Jesus. This is James Childs, producer of The Dave Ramsey Show. You can listen to Dave, Rachael, Chris, Chris Hogan or the rest of the Ramsey network anywhere with the Ramsey network app on your smartphone.

Catch all of our full shows, browse by topic or send clips to your friends, head to the App Store and download the Ramsey network app, feel like you're in a rut and living life, just going through the motions, build confidence in yourself and learn to trust the God who created you. Check out that Crystal Wright show where Christy inspires you to break through your limitations and create the life you're proud to live. Hey, all, I'm Christy, right?

You know, it's so easy to feel stuck. You live life just going through the motions, doing dishes, doing laundry, carpool lines and a whole list of commitments that bring you no joy. Why do we live like that? That's why I want you to check out the Christy right. So each episode will help you build confidence in yourself and the God that created. You hear more from the Ramsey network, including the Christy Wright Show wherever you listen to podcasts.

Hey, it's James, producer of The Dave Ramsey Show. This episode is over, but check the episode notes for links to products and services you've heard about during this episode. Thanks for listening.