So let's walk through an example here. Let's say you have a $220,000 mortgage on a 30-year fixed rate loan with 4% interest.

So if you make an extra payment of a $1,050 every quarter, you'll get your mortgage paid off 11 years early, which saves you $65,000 in interest.

Really? Yes. That's real math.

Hey guys, welcome to this episode of the Rachel Crucio podcast. I'm so glad that you're here. So in this episode, we're going to talk about money moves to boost your financial game.

So I thought I would bring on my friend and co-host of Smart Money Happy Hour, George Campbell, to walk through these six money moves that can really help you change the way you handle money.

So you will not want to miss it. But first, I'm going to share with you some money facts that we all should know, but may not take a listen.

So today we're going to look at 10 fascinating facts about money that might just change the way you think about it.

I love seeing facts because I'm like, okay, this is what's actually happening out in the world. And again, it helps me with my perspective sometimes when I can get down and out.

Okay, this is what was really happening. So facts are your friends as my friend, Dr. John the Lonnie says, so let's dive in. Are you ready? Let's start with the big books.

So did you know that the overwhelming majority of millionaires in the US, 79% did not receive any inheritance at all from their parents or other family members? Yeah.

And that's not a 10. And while only 21% received some inheritance and only 3% received inheritance of a million dollars or more.

And those are net worth millionaires. So this is what people own minus what they owe equals a million dollars or greater.

A lot of them are self-made. You guys like it is so empowering to know that you can still go out and win today.

And so these people again, it's not like big flashy things that they're doing with their money. They're investing in their 401k. They're paying off their house.

Like they're doing really smart things with their money and they're winning. So it should just give you some hope that you can do that too.

All right. Number two, similarly, eight out of 10 millionaires come from families at or below middle income level.

And only 2% of millionaires surveyed said they came from an upper income family.

Which again gives hope that like, yeah, regardless of how you grew up, yes, some people start further along the path.

But it shows like you can do this no matter where you came from what you're doing now.

If you implement good money habits, smart money habits, it's your looks to the future versus just the present that you can win.

If you have not picked up my dad Dave Ramsey's book, Baby Seps Millionaires, make sure to because we talk about the survey so much in that book and he writes about not only people's stories, but the plan for you to walk down to become a Baby Seps Millionaire because it is possible.

All right. We have been talking about millionaires, but what about billionaires? So out of 8 billion people on the planet, there are only 3,311 billionaires.

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