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So, John, I've got a YouTube channel, and what we try to do is help people build wealth, especially

young people who go, I don't want to wait until I'm 65 to enjoy my life. I get it. But we also know,

if you don't think about the future, plan for it, invest for it, then you'll never have money and you'll retire broke, which is not okay in America today. Because it's really easy to retire a millionaire and yet most people don't. Is it easy, George? Well, here's the thing. The math of it is easy. The dollar amount you need to invest is easy. How do I lose weight? Diet and exercise. It's, well, here's the thing. The math of it is easy. Okay, there you go. The dollar amount you need to invest is easy. How do I lose weight? Diet and exercise. Like, it's easy, but it's hard. And as you know, as you get older, it's harder to make progress. There you go, yeah. When you're 24, we all had abs at 24. Yes. Right? I mean, I was, I've always had a thing for gummy candies. Just saying. Okay, that's fair. But I thought it would be fun, and I've done this on my channel, is use our investment calculator to show you exactly how much you would need to invest based on your age in order to have a $1 million nest debt. Because here's the stat. Only 3% of U.S. adults have a million bucks save for retirement. Nearly half

of Americans have under 10 grand saved and 26% have nothing in any retirement account. And some

of that's due to living paycheck to paycheck, some of its financial literacy. But if you're

listening to this show, listening to this segment, you now have no excuse. You know too much to retire broke. All right, bring it on. Hey, George here with a quick interruption. If something were to happen to you tomorrow, would your family know where to find your life insurance policy, your will, even your Netflix password? Well, Knockbox solves that. It's a kit that organizes your financial accounts, estate plans, and everything your family would need all in one place. That way, they don't have to hack into your laptop or locate some long-lost thumb drive. So leave them a legacy, not a scavenger hunt with Knockbox. Ramsey fans get the best discount available at knockbox.com slash Ramsey. That's knockbox.com slash Ramsey. All right, bring it on. Here we go. So we're going to start with... Save the day, G.K.

Let's start with that 24-year-old with that. A young Dr. John, bright-eyed, bushy-tailed, ready to take on the world. and this is also assuming you're following the Ramsey plan, which means we're not going to take on crippling debt and car payments and student loans and credit card debt.

But let's say you're ready to invest. We recommend 15% into retirement. And we're going to even go lower than that. We're going to go 150 bucks a month from age 24 to age 62. Let's see what happens. I've got it pulled up. If you're watching on YouTube, you can see in real time we use this investment calculator on our website, which is free. We'll link it in the description. So you have nothing saved. We're starting from zero. And we're going to invest 150 bucks a month. And we're going to assume an 11% rate of return. Now, John, people are already, they're angry. They're already typing comments on YouTube going, where's this guy getting 11% on his investments?

This is just historical data from the S&P 500. So if you look at the U.S. stock market over the last 50, 70 years, you're going to see an average rate of return of 11%. So we're going to use that as our number. And what do we find, John? One million bucks. And guess what? 68,000 of that was John's contributions. 964,000 was growth. That is the power of starting early. And you'll see what I mean as we move on to our next example. Let's say you're 35. You have nothing saved. You got a hold of this plan a little bit later on in life. And let's also say you work a little bit later. 65. Nothing saved in retirement. You would need to invest 375 a month, which again is not even close to the 15% parameter we recommend. Way lower. But even then, at 11%, you'll see you have just over a million bucks. But at this point,

the growth was 916,000. Your contributions were 135,000. Is that real? That's real math.

And here's the thing. I love what math can be encouraging. If 24-year-old me put 150 bucks away

every month. That's 150 bucks. That's like DoorDash money. That's like all of your subscriptions combined away every month. That's it, $150 bucks.

That's like DoorDash money.

That's like all of your subscriptions combined for a month money.

It's really not that much.

The problem is human behavior.

We don't have the consistency, the discipline to just put away that money and not go spend it elsewhere.

And we got, well, that's a problem for future, John, to. 35 year old John, when he's an adult and he's got like a family and stuff, he'll figure it

out. Except we know that that's not how life works. I want to go back and just give a weapon to 24 year old

me. I know. I feel the same way. So don't get discouraged.

Let's move on to 45.

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