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The Ramsey Show Highlights

I Don’t Care if You Agree With Me or Not! – Dave Ramsey Rant

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 6 November 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today's episode features Dave Ramsey & Ken Coleman. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. The Ramsey Show Listener Survey: Click here to be Entered to Win a $500 Gift Card!!! 💸 Budget for free with EveryDollar: Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today. Spoiler alert, guys,

0:08.0

the research on millionaires, the airtight research, the methodology was so pure and so good

0:13.8

on this research that if you disagree with the conclusions of the researcher, what's known as wrong.

0:20.5

Okay.

0:24.2

In other words, these are facts, data-based facts.

0:29.3

They're not feelings from your Karl Marx-induced college professor.

0:30.7

Okay?

0:32.6

These are actual facts.

0:39.8

79% of America's millionaires inherited precisely zero.

0:49.0

5% of America's millionaires inherited a very small amount, like $5,000 from grandmother,

0:52.7

but not enough to make them mathematically a millionaire.

0:57.8

It was an insignificant small amount, but they did technically get an inheritance.

1:07.3

Another 5% inherited money that was substantial like that last caller, or caller before, no, the last caller,

1:10.6

after they were already millionaires.

1:14.9

So did not become millionaires because of inherited money, but enhance their wealth after they were already millionaires.

1:17.2

So let me help you with that.

1:18.6

790, 5 small, 5 after.

1:22.4

79 plus 5 plus 5 is 89%.

1:25.6

That's 9 out of 10 of the current approximately 15 million millionaires

1:32.9

in North America became millionaires not because of inherited money.

1:40.3

Do not let people tell that lie in your presence because when they tell that lie they are spreading

1:49.1

hopelessness they are stealing hope from people because if you know that nine out of ten

...

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