From the headquarters of refugee solutions, broadcasting from our car rental studios? It's the Ramsay Show word that is down gashes gang and paid. Although mortgage has taken the place of the Bmw, those status symbol of controls on day Ramsay, your host Chris Oaken Ramsay personality and author of the book every day, millionaires is my co host today. This is a millionaire theme, our we're talking to real millionaires.

someone with an opinion, someone who really has a million dollars and asking them how they got it work. from how's it invested, and so can learn, maybe I'll be one to a millionaire. Is a million dollar net worth that's right, not a million dollar income. That's exactly right and let me defied that's. You know what you do you take all that you own and subtract out anything you have dead on. So I'm talking about begging. Counts for one case for three bees. I raise all of those things added up subtract at anything with that but in number is a million dollars more think. Congratulations urine everyday millionaire. That's it! That's what you own minus? What you are your ass, such martial law abilities, is your net worth and that is really the most accurate measure of wealth. income is not wealth, credit score, Irish Gratis, not wealth.

you been playing catch you faced with the bank and so the in what is a real millionaire. Where do they come from? What real wealth, look like in America today. So if you have a network of a million dollars. A greater kalisz. We're going to you and ass real people, not your broke brother in law, but real. millionaires, how they did it and who they are the phone number. We're polite eight to five five two to five MIKE is our first one, MIKE. What is your net worth? Want? Forty million say it again: point, four, eight million, ok million for aid and Down for me, how's that invested the categories. Yes, I get that forty k and I for one k and raw fiery. I've got four decay and an easy in places like ownership programme about Kay and other mutual funds journal. in any case my house, and about thirty k in cash or right good for you,

and show? How are you I'm forty, four young guy good for you, how much of the one point? Four eight: did you inherit zero zero What has been your income range in your working lifetime from the time you start working your worst year to your best year cycle forty one k and I'm about a hundred and twelve gauge. Now when you do for a living, I'm an engineer good for you do at a degree. Do you remember your GPA I got a masters degree. My GPA with three point. Eight three point: eight. and do you do any giving as a household? Yes, we can certainly give about. Well, the fifteen percent of the attacks and tell me this where's your biggest money stupid throughout your journey to becoming an everyday millionaire I think we made any big mistakes. I would save my biggest

we just getting being slow about paying myself first yet did some of the standard, some early minimal consumer, that credit cards that we got rid of those pretty quick once once they started investing regularly and paying myself first to making automatic that made a big difference, because Your fora, one k in your Aesop, has got you over a million dollars up now way to go man, congratulations from products. So what advice would you have for the twenty five year old version of yourselves? I get started early yet I'll get started, am I you're right. Encourage me to contribute maritime it right away that I took that the heart, but I would say, investing yourself Pearson, and make it automatic that that made a huge difference. Automatic discipline is easy discipline and so you didn't use debt to create wealth. Did you not at all

A couple of myths debunked right there right off the bat show. My thank you for the call well down. Congratulations! It's a millionaire theme. Our! We are talking to real millionaires. The phone number, if you want to be one of them on the air, is triple eight, eight to five five toot Five engineer is one of the top five that future research on millionaires. It sure did we heard engineers we had accountants and then school teachers, teachers hidden number three which blows people away? But if you start to think about a teachers, love a plan, they follow a plan and their intentional, and so that really bored down to show is that it has nothing to do with your income date it's about having a plant. It really is And so we want to hear from you, we don't care if you invented somethin

few wanted in the lottery. Maybe you and heritage. Maybe you even hair. Did it either way we want to hear from you because was now the scout without making four hundred k areas MIKE I'm max of one twelve is only forty four. I mean he did not inherit any money, and he did not borrow money to make money. Nope and so all the mythology that's out there in others. born heritage, their wealth or crooks their famous entertainers- they four point six JP age or whatever other geniuses, find out to be true most of the time now, occasionally one ever managed by a boy. His next Bob's in federal, Arkansas, high Bob. What you're not worth. Milo Minor, or this one point one five and we actually just got over that during the pandemic. Ok, great, ok, cool! like that down for me, one of the categories and how much each category we're about five hundred and forty and mutual funds.

twenty and real estate and too these three and cash and then we'll get about eighty thousand dollars and ensure that in collectible musical instruments, sports cards and guns- cool good for you, it's fun and how old are you? were seventy good for you and of the main one fifteen did you inherit well about fifteen years ago, my parents, who are wonderful christian parents, but not much in the financial training, let go thousand dollars and said this is probably your inheritance and, as it turns out, it was ok are and what has been your range of income during your working lifetime your best year and your worst year of income. Well, when we got married. One in commerce for to school teachers,

because we only have one job. We might six thousand four hundred dollars for the year and then that increased is schoolteachers, go we're both music teachers and show the last year that we thought we'd forty one and she might thirty eight that was the last year before we retired now are ized annual income is actually them, time, because our mutual funds have done Pretty well and because we do a little love timing stuff draw retirement your basher teaching combined seventy nine and watchmen your other bestir Well with everything all the return plans were drawing it so security and take.

Retirement and love that one sixteen years while we're taxed on last year, while excellence look good for you well done well, congratulations serve seriously: music teacher music instruments that are collects the abbot. That's an interesting room swelled on Bob well than real millionaires on the millionaire theme. Our if current times have shown us anything. It's that everyone who has a family counting on them needs term life insurance. For over twenty years, the only company I've recommended this Zander insurance. Not only do they search all the top term live plans to find you the best rates, but you can now apply completely touch less over the phone or the internet. They also our plans with super competitive rates that don't require an exam allowing you to get. The coverage of you need faster, go to standardize com, recall eight hundred three five, six, forty to eighty two,

It's a millionaire theme our here on the ram show, as we talked a real millionaires people with a network of a million dollars or greater to learn where they got it, who they are and you can emulate them. You can copy them. You can learn best practices from them because we want you to have abundance. We want you to live believe improper principles that will take you to abundance, I think you will notice, as I've done the millionaire theme our now for many years, that I've never. Talk to a single person who said, I became a millionaire because the governor gave me so much money must

A meal is check made me a millionaire. These words, I have never heard know, and you know what I ll send her Dave credit. MILES millionaire and her down never heard it. Hadn't heard that one boma smiles all those things very seldom here, I inherited it s very soul, and arm. Statistically its than seven percent a view that our millionaires actually inherited your money. Most of ninety three percent did not become millionaires according to the largest study, a millionaires ever done in North America, air tight air tight statistical analysis and research of format that were used. Because we knew some of you with lefties would go bananas because you don't like people telling your luggage telling people that they. I have responsibility for their own lives. Well at, and you know what the bill. ok the reality as we are in control of our destiny and that

but the stats jumps out by the way you can get all these the districts? I will get the national study of everyday millionaires available where you can get just the stats they line Paypal. If the white paper, you can read all that, but one of the shocking ones- and there was ninety seven percent of the millionaires Surveyed- said that they felt that they told their destiny versus Ten per cent of general population and that godless of race, the ring less of it ethnicity, ah region right, the belief this mindset. It was I know there's crap I have to climb over. I know I'm gonna run into morons along the way, and I know I'm gonna get some help along the way from good people right hand- but I believe it is up to me- Its realization Dave that everybody we're all run in the same race right in the face of it, have legacy and we all have differ short points. Some people do

Have some challenges that they have to deal with other start off? Look at him, but we're all running it in its US against us and have in that mindset that that's the finish line that I'm goin for its possible. It is possible. Ninety seven percent, the millionaire centres are under state. We did when we shall write and ask the public how much there? How much do they think that Republic was sixty two percent sexy turnouts at fifty five? It's just sixty two percent, but a drastic, any hurries, and so, in other words, its The only thing right, but it is, big thing to actually believe that its possible, which is why we do the show because you and I have overcome baldwin- or to become well. Thank you sure. Did we had to come? Oh overcome Baldos, because in every body has something they have to overcome some mountains or taller than others. That's not a real tall mountain! That's not what it is. I think, but you told me, there's never been about president since television sets

religion do ideas, and I was the last one other than journal for, but I didn't get elected president right. He was, he became president on Nixon's resignation right and he never got reelected Baden the reactors in ism, feathery God was only I'm telling you about is actually we have the ability to be able to build wealth. It's about being intentional. That's why we're doing us, our two. You can hear directly from them it gives in Detroit Eric? What is your net worth about. One point: five million gave good for you and gimme that right down by category seven dollars per category I care about silent, a necessity and retirement and investment, a hundred and fifty and the cash and about one point, two million and real estate, which is fixed, rentals, Anna primary Residence or seven total all paid for debate beg real estate. Guy. Ok out, are you

I just joined fifty two yesterday awesome you're you're like a poster child, that's our average age of the millionaires and the ones we studied by the way so good for you so of the one point five did you inherit about Fifty thousand dollars were you already a millionaire when you got it. I don't know exactly it's hard to say because you know Detroit. We had that proper. You crash in everything soaks probably wasn't, but I dont think that actually made me want either mocha for you. Not. You didn't take that fifty thousand parlay it into a million five I didn't think, is an insult to invade one pot. Mohammed sitting as an inherited irae outweigh any one who touched it. Ok the what what has been the range of your income over your working lifetime. Your best here in your worship

well, I was a waiter looking for a job making fifteen thousand a year and then probably made between you know one fifty and up before you now: business deductions and stuff with amounts doctrine. So what is your career? I'm a lawyer good for you, And do you have a realistic eyed and earlier obviously- and I understand I received degree. You went to law school. What was your GPA well in undergrad Nigeria was three six five in environmental science in photography. I was really plan and gave after listening to you now I hear that you know the creative writing to rein in Moscow with ended about a two nine goes. I don't like to read and do you in your family? Do you all do any giving gas, kind of giving do you do

I'm going out of the Window Elks Foundation in the National Elks Organization, so I do a lot of work in giving there and I do a lot of work with animal shelters. Culture good for your shirt was fun. oh before you're a millionaire how many brand you cars did you buy. Let's see. I'll bet learn at least what should we do. Never reached again that so what The dumbest financial thing you ve ever done. Well, I mean you know a lot stupid stuff at times in your life and then you can go and put it back, but I think that the biggest financially was, but I bought my first house that I lived in ninety eight and I did

have enough money to two didn't remember that oh you're gonna need a roof or have money for a furnace, or anything like that. I didn't have the reserves. I had it and I even gave gimme that That was a good learning snatched! Luckily you know I didn't lose ate it didn't go. It didn't go south. I got out of it eventually end and then, when I went to the next house, I put twenty percent down a fifteen year mortgage like you talk about, and I don't get pretty often about ten and a half years wow coming back, which do you up? well houses and one primary much? That's all like within a mile or two, where I left, ok, good! so you ve enjoyed that whole process, obviously, and by in paying cash for them we're getting them paid, offer quickly. One of the two I pay much cash flow them one after another. You looked back and you go while I could about more and but then you also then could have lost them.

So I am very happy with I have and we can always say all I could have done better, but no wonder the significant downside, no you're right, it's a! Where did you get this premise? Where did you learn about money? The right way? might might change. Let my pleasure both treated the christian era, mentality, evenly warrant of that Iraq Programme and my dad was an engineering and self employed. So I learned a lot of the self employed. You see the contractor even Mercedes the one day and then in a broken struck. Three years later, Gaza crashed, and my father was like that, how you dont do it with her eyes from the real estate perspectives and my first thousand Detroit. Do you, like my own house, was lost? Sixty

eyes to set of its value during the crash and the house down the street all suddenly selling for thirty five thousand dollars like well, it's never guinea worth nothing, and so I decided I buy it. I shall initial and looked at it. Four hundred and thirty one and I was gonna- buy cars. Gonna buy a newcomer out, so I called a house becoming around very world very well we're taking good job rather proud of you. This is a millionaire theme, our here on the room she shut

It's a millionaire theme our here on the rams. You show Chris hoping author of the number one by selling book every day. Millionaires is Michael Oceans. We talk to real millionaires. How did they get there? Who are they? Lee is with us in South Carolina Lee. What is your net worth about? What point five good for you now break them down For me and terms of gory in dollars. Category dollars, almost all is in all dollars. I don't count other ass mother asset. By about two about the boy thought.

Up to about five million are up to about another half. A million another point bought show you have a million will have on the economy and having cash? no about about one s and the worst other assets. How can the left it ok Josh underwrite damage and my wife and my we have all learned while I got it from Vienna Honour for spent well in that by almost a bankruptcy when I was born to well, I thought the way I three kid private school or university hours you're goin lost his job languages and I know that now it all worked out. It's a miracle. and cash poor? I learned to cure buck thought markets that all at all

bad it's gonna this birth birth. But now more if I went to bed of by that the stock market, thereby let my wife is always over cautious. However, we are I've got a job like I got a job, they re body after gestures, thought them the work they worked away Thought came out. I spoke with the note that they drove junctures the way we drove yunkers and Dave dying? Tat kids have all done while not buying a boycott of pilots. The fact of Graham millionaires was why why, Kids are well on our way while I'm gone. How old are you in all this? On seventy eight? Seventy eight In short, I gotta take it from this, nor you inherited none of them. No more. Now, madam, but my wife's per day died. There is basically not

and I now we want and what you do for a living on Monday. why you know what I was bored by piling up until now, or they do and then another job that that job back You were going to do up. I played the reaper there, back in the unfounded? That is an early eighties examples that provided for by job the do. We got our about airline and, our first that, both at eighty years ago, a hat but obligated to retire at eight cents, raised aged sixty five What scrambled like bad we're, tired out about the kids, whether their bills does that she's got married, their water, all I'm we pay money and more easily, we will finally alliance. Is that their light up? I had done.

So there are many ways tat away as though there were the agenda two thousand to other regions said, Anne. oh and nobody thy enduring the railways by ties that never my kid while I have good left the house, which was Thirty. Some years ago we began ten. Twenty per family They are in every tentatively common air. While was given someone inside dont again, not backed by the boy complainant alibi. so now we ve got to get out since as a child like any other day after day, I love and then the more These are our space

Lee. I love you may well done at EU level. Story is all away from forty to intercept enough already and eyes breaks a shilling career and saved everything sitting on a million dollars. Cash Seventy eight- and not just him, but he's this kid three annoying and earlier them or millionaires, there was a story and the idea was: well done about be an intentional Williamson gosh was concerned I way and what you're not worth it. There is one point: three million third country, Gimme a break down on that by category. probably gonna be Boring story you here today do not a million dollars a virgin. London, I array and for one gay men, our houses paid for three hundred thousand, but about one point. That's it! That's what we hear a lot actually very hold on hold on. I am forty five Ok and what was your best? Oh, how much of it

did you inherit Julie. None of it what does not yeah. I got a little bit like a lot of people got a little bit, but that certainly was not wrong we getting any scales whatsoever nature. And your worship of income to your best year of income over the range. My warmest I, my first job on a daily farm was eighteen thousand dollars a year and then my best Europe was probably plus plus learn about barked, Ok, so you re sales. I wasn't: sales in dairy farm management, quite frankly, yeah, and so did you, Did you go to college? I went for two years did not graduate from garlic gotcha, and do you remember your high school GPA three point

zero one, because he had to have a three point. Forty get a national side like or zero one our rights and then do you and your family. Do you do in giving? That's probably Mary blessings that we ve got yeah. Would you and it anonymous. Google, That's the best part of having been given the gift of God. Influences. To put us in this position, talk about the influence of show where they had of that work. I was raised by a single mom. We were incredibly poor moon, we might do not have a bed. We did not he be a couch, refrigerator some one, thus bringing them. My mom did wish to work.

dairy farms, when I was a teenager, learned that work ethic. That is incredibly hard work that work work, and you or did you, get up for their excellent work and I don't have Chaldasan? They don't have vacation, try he added sir. Yes, that is correct so that that that the influence without a doubt, that's what that's what please, cycle in my four, we undoubtedly was were those northern one third of those people that the war in my bath to learn from the let's reverse that land who want a device to your, have let let's reverse that, make you the influence or what is vice. Do you have to the twenty five year old version of you? That's out what should they be doing to get to be you when their forty five, they should have a very simple plan and live on less than you make and also realise that want to sign. It tells you his wealth is a lie in that the people that society like-

paint a picture as well, for your rich generally are not I am the guy in the store maybe not wearing Gould closed the drachma NICE Guard, five million dollars of wealth we I don't know it and that that's that's! That's what I would tell me. For reinforced myself at twenty five and anybody else like do not on. Assuming that's exactly right. Am I like that they don't get caught up in the world definition of wealth? stupid not really know what we are always talking about it right or by complaining about it and what to do anything about it, and then you find the guy gather did some about it and that's where they are their driver, nice, car, but

flashy nope and are co closer clean and pressed they're, not flashy, and that's how it works. In order to render my group on dairy farm, she said she was grown before she found out that Labour day was not the day. You work the hardest. That's what or that dollar wow millionaire theme out there on the Rams issue:

our scripture the day, some thirty four for shot the Lord and he answered me and delivered me from all my fears over enrich limbo, who passed away to rest in peace rush, said thank looking at things through the prism of fears going to accomplish anything a great agreed It's a millionaire, a theme our here on the rims show. If you have a one million dollars worth of Greater Chris Hogan Room, she personality. I want to talk to you and get the real story. Folks, a time of year, again yup tech season and look. We got lots irons in the Far North mixed taxes complicated. I use a pro forma taxes because I don't want to mess with it if your taxes are not complicated and you are file online by getting some good tax software text? The key word

other key here. Key word here is good by the oil and you're good software, and that's why my team is introducing Ramsay Smart tax. It is brand new tax filing software and it's a great option. If you ve got simple taxes and all you text to the word tax to three three: seven: eight, nine, and what are you more about Ramsay, smart tax, very inefficient A very easy for those of you that I have a simple returning: we're not gonna, send you like credit card, offers an Equity loan offers and more offers and all that stuff were simply gonna help. You get stacks of done text the word Two thirty three seven nine, that's three: three: seven: eight: nine text: tax right. Adam is in Richmond Virginia high Adam. What does your net worth? I mean, if you tell me what happened, I call they're down for me by category. Retirement for sixty the houses,

Before we got sick decay like you do. He gained ass. We learn about twenty five gain it all the time. So how are you today, Life is here, she's she's, a little younger than that Nor can it be allowed at how much of this one may and others did you guys inherit. so my dad actually did ass a few years ago, any lucky synthetics, because only by around twenty five, ten or so on time. safe to say, unless you parlay that twenty five k and a bunch of money you're not a millionaire because of an inheritance. Now, beginning there is political in nature. the influence of the teaching their lifestyle here here. She'll gimme, a range of incomes are you're working lifetime. best year and warfare yeah caning is going about twenty four twenty five

years ago, decay and at last you or your best year. One sixty four What do you do for a living people and engineer, which is already agreed in advance of David assailed, arguing that training you're, not a here and what your wife, due to the things you wanted: gotcha, and did you guys both get degrees, we didn't know about right and what was your GPA Adam an intermediate language, good idea out two years ago, but it afore your college. I would render three three. I tell people, I grant you from the floor. You ouch everything attack with Israel and he likes you two point. Ninety one percent, rather than you are an engineer procure what does your wife's GPA given the three thought and what is more, the media. Are you go smart man, you all doing giving us a family. We do all day

you d, better other charger tell me this? What was wanted biggest money mistakes. You guys made your journey. We look on new. and we do need a little one and we have the single and caught a trust fund to yours and so that it could be saved about them without a thought and action, This couldn't wait any longer some body, twenty two thousand dollar truck they just don't have today by TAT, was probably the biggest thing. That was the one car that funding is true. Shall talk about. You should what your parents, give you was money, but they did give you habits Kara something only what what are you a tribute? What what you get from them that your tribute to your ability to become a millionaire forty, seven years, oh yeah, desolate

my game construction for years? Chacha produces electrician until it does, he said he retired, a mother. Actually, my stepfather Betty's my dad ALARM Mother for years was laden with my people and much else in our work and to three jobs. Wage, ah, the seasonal, But you see the work ethic there, a lot of other things, get my data without financial. The money. Now one after listening to you, I got a jack in the box, he told me they believe what you want, anybody be topped up. That's really me an end to your knowledge, Adam. Are you the first millionaire in your family? All? actually, he made some You did ok already my locker as fantastic while there Costa Rica May we always have parents, ask ok, it's one thing

bill wealth, but then how do you keep that from running your children and the court On the contrary, in your case, it not ruin you made you in the sand, He taught you the habits and the character, qualities that allow to be able to pull this off, and that's what I wanted to get out, because I hear that all the time can also be. They asked as an inherited a train maturity, Maybe it was later in life. Do about. I paid my way through college, my wife. You need a lot of scholarships and urban himself, thereby when I went to college. That's why we want a good looking at college. Ralph is rejected. We didn't have the money again, they achieve their work. Well, you don't have to we will merely be answer very, very proud of you very proud of you. Chris organs book every day millionaires the White Paper's available, a diver empty dot com for ten dollars. A book is therefore probably around twenty dollars, and you can pick it up on Amazon as well, but the white Paper, if you for those of you, that an urgent dig through the

tales of the study that was done. We did it in conjunction with the firm out of a research from out of New York, to have someone looking over her shoulder to hold to the legitimacy of the findings. That's right! We wind up. We wanted the findings to be airtight. We didn't want them to be skewed. A lot of things we turned up when we did that studied ten thousand plus millionaires turned up what we thought was there right. Some of it more than we thought. Like I mean Tom Stanley. Quote for his daughter, Saracens many mail this week. Other donors We call on him wrote the millionaire next northern some folks at a Georgia University research that universities are arrested or janitor Donna assured Tom, which they surely was, is iconic, wonderful man, but he did look a ninety nine to the millionaire nudge nor and the numbers we had always had from that and from other studies. That we're done was that six, seventy two seventy

percent of America's millionaires were? First generation rich did not become millionaires because an inheritance, what we found was: seventy nine percent received zero inheritance try, but we also found to other things that five percent the inheritance they received was so small that was irrelevant. They got a thousand dollars or five thousand dollars or something which is not zero, but it does not cause the and the others. Farmers and another five percent did receive substantial money, but it was after that already were millionaires and so to say that none that now ninety three percent is what we now at people that we studied did not become millionaires, cause of an inheritance wrecked, Bizarre, that's massively high as higher than we thought that's much higher than I anticipated and today's zero bright, no one was cause that to become a meal.

because been here. None of these now these were over. Two million dollar networks know there were one. For one point, one five one point: five one point five one point three and one and forty four seventy fifty to seventy, eight forty, five and forty seven years old, and therefore one k was either number one or number to end up in our hearts, are net worth and paid off and on how the part all we're givers

were givers. None of them had, but one guy under a three and barely under three GPA, but none of them have four point. So we got social worker teachers, sales people it's possible for you, you gotta believe in that you need to work. This is this is why we do this. We want you to believe you can win, because we know you can that data says that puts us on the budget will be back with you before you know it in the meantime. Remember, there's ultimately only one way to financial business for work badly with the prince of crises. This is James. Child deserve the rams issue. Did you know the Ramsay show as one of the most popular pike ass in a world subscribe are followed today were ever listen, feel like you're in a rut and living life just going through the motions, build confidence in yourselves and learn to trust, the God who created you check out the Christie Ride, show or Christie inspires you break through your limitations and create the life your proud to live, pale and cresty right. You know it so easy to feel stuck. You'll live just going through the motions doing this is doing laundry carpal lines and a whole list of commitments that bring new no joy. We live like that. That's why I want you to check out the Christie Right, so each episode will help you felt competence in yourself and the guy that created dear more from the Ramsay network, including Christie Righteous wherever you listened, applaud, catch hate.

aims producer of the Dave. Ramsay show this