He Became a Millionaire by 35 Following the Baby Steps—Here’s How

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 15 September 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Sign up for EveryDollar today - Create a free Budget!⁠⁠⁠⁠ 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, and are disciplined and responsible! Next Steps: 💰Need help with your investments? Connect with a SmartVestor Pro: ⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠SmartVestor Investing Professionals⁠⁠⁠⁠ ) #PaidEndorsement 📝Get your free copy of Ramsey’s Complete Guide to Investing: (⁠⁠⁠⁠Ramsey's Complete Guide to Investing⁠⁠⁠⁠) 🏦Take a retirement assessment to find out how much you’ll need to retire: (⁠⁠⁠⁠Retire Inspired with the R:IQ Retirement Assessment⁠⁠⁠⁠) 📈See how much your investments could be worth over time with this handy calculator: (⁠⁠⁠⁠Investment Calculator⁠⁠⁠⁠) 🧑‍💻Explore free investing tools, articles and more on the Ramsey Investing Hub: (⁠⁠⁠⁠Ramsey Investing Tools and Resources⁠⁠⁠⁠) Listen to more from Ramsey Network ⁠⁠⁠⁠🎙️⁠⁠⁠⁠⁠⁠⁠⁠ The Ramsey Show⁠⁠⁠⁠ 🧠⁠⁠⁠⁠ The Dr. John Delony Show⁠⁠⁠⁠⁠⁠⁠⁠ 🍸⁠⁠⁠⁠⁠⁠⁠⁠ Smart Money Happy Hour⁠⁠⁠⁠⁠⁠⁠⁠ 💡⁠⁠⁠⁠⁠⁠⁠⁠ The Rachel Cruze Show⁠⁠⁠⁠⁠⁠⁠⁠ 💰 ⁠⁠⁠⁠⁠⁠⁠⁠George Kamel⁠⁠⁠⁠⁠⁠⁠⁠ 🪑 ⁠⁠⁠⁠⁠⁠⁠⁠Front Row Seat with Ken Coleman ⁠⁠⁠⁠⁠⁠⁠⁠📈⁠⁠⁠⁠⁠⁠⁠⁠ EntreLeadership⁠⁠⁠⁠⁠⁠⁠⁠ 💸⁠⁠⁠⁠⁠⁠⁠⁠ The Ramsey Show Highlights⁠⁠⁠⁠ ⁠⁠⁠⁠Learn more about your ad choices.⁠⁠⁠⁠ ⁠Ramsey Solutions Privacy Policy⁠⁠⁠⁠

Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.8	Don's in Grand Rapids.
0:15.2	Hey, Don, how are you?
0:16.3	Good.
0:16.6	How are you?
0:17.2	Better than I deserve.
0:19.3	I see on my screen that you are a baby step millionaire congratulations
0:23.4	thank you appreciate that well done so what's your net worth it is 1 million 773
0:30.3	412 dollars way to go man way to go give me a little breakdown on that by category what's it
0:36.9	invested in?
0:38.0	Sure.
0:38.5	It's $652,401K, $161,000 in a Roth IRA, $35,000 in a $529.9,000.
0:48.4	Our mortgage, our house is paid for, home value of $446,000.
0:52.9	We have a cabin that's also paid for, validate 5,000, and then we have
0:59.5	91,000 cash. All right. How old are you? 38. My wife's hired 38, and we became millionaires
1:05.6	when we were 35. Way to go. You did early. Congratulations. How much of this did you inherit?
1:11.1	We inherited about 90,000 from my wife's grandma when she passed away.
1:15.3	How long ago was that?
1:16.6	2018.
1:18.1	Were you already millionaires by then?
1:21.3	2022 is when we became millionaires.
	...

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