It is Thanksgiving, and I couldn't think of anyone better to talk to on Thanksgiving. And the great Dave Ramsey, he's helped so many people who are in financial straits, make their lives better. And in doing so, has taught so many Americans to be grateful for the free system in which we live. He has a brand new book out. It's called Baby Steps Millionaires. Dave, thanks so much for joining the show. It's great to see you. Well, it's an honor to be back with you, my friend. So let's talk a little bit about Thanksgiving generally because, again, I think that one of the things Americans don't appreciate enough, I mean, first of all, we don't appreciate everything enough. But I think one of the things that we don't appreciate enough is that we live in a system where if you make responsible decisions, you will see the benefit of those decisions. And that really has been your entire message throughout your entire career.

Well, it happens. we live in a system where if you make responsible decisions, you will see the benefit of those

decisions. And that really has been your entire message throughout your entire career.

Well, it has been. And it's upsetting to the wealthy quality crowd, the socialism drum that's being

beat right now in America. But all along, even when I was young and now that I'm old, it's still

true.

The greatest system that the world has ever known for the little man to get ahead is the current state of America today.

The little man has a better chance.

I've been a millionaire twice.

I'm so dumb I had to do it two times, you know?

And so you got two shots.

I mean, you got ultimate shots at it. And so, but it's all about me taking responsibility and me making decisions and me understanding that you're going to reap what you sow. So if you put corn seed in the ground, don't be shocked that corn grows. So let's talk for a second about how you define millionaire in this book, because it's kind of interesting, right? There are a bunch different ways in the United States. We define millionaire. You can do it in terms of income. You could theoretically do it in terms of wealth. So how do you define millionaire in this book? Well, there's technically only one real definition. There's definitions that have agendas. Like, for instance, you hear politicians say that a millionaire is someone who makes a million dollars a year. That is not the definition. There's an accounting finance definition for

millionaire. It's fairly simple. Assets minus liabilities, what you own minus what you owe, when that

equals greater than a million dollars, you are by definition of a millionaire. It's not a moral

construct. It's not a decision of if that's enough or not enough or too much. It's not any of those

things. It's a math equation, what you own minus what you owe. And how many Americans actually

are millionaires? Because one of the things that we see politicians

play with is this idea that you can never get ahead. No one's a millionaire. But what are the things

that we see is people accruing generational wealth over the course of their lives, not by being

Elon Musk, but by simply working hard and making smart decisions with their money. My parents are

examples of this. My parents were never wealthy. When I was growing up, we grew up until I was 11 in a two-bedroom house. There were four kids in the house. One bathroom is like 1100 square feet. And then they gradually traded up to a slightly bigger house where we had our own bedrooms. And now they are millionaires by the stats because they're in their 60s and they saved money for their entire life and didn't make dumb decisions with money. Exactly. That's exactly what occurs. There's somewhere around

13 million millionaires in America today. We completed a couple of years ago at Ramsey

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