4.6 • 682 Ratings
🗓️ 2 February 2022
⏱️ 10 minutes
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0:00.0 | This is the Ramsey Call of the Day, part of the Ramsey Network. |
0:10.8 | Joining me today is Ramsey personality, Dr. Chandalone. |
0:15.9 | Jordan's with us in Little Rock, Arkansas. |
0:17.8 | Hi, Jordan. |
0:18.3 | How are you? |
0:19.8 | Hi, Dave. |
0:20.4 | I'm doing great. How are you? |
0:21.4 | Better than I deserve. What's up? |
0:25.5 | So I just went through your financial peace university and the legacy journey, and it was awesome. |
0:32.6 | Great. |
0:34.1 | And my question for you is kind of falling in your footsteps how do you become a billionaire a billionaire |
0:42.5 | is there i heard you say that's one of your goals and i know you said like mutual funds won't |
0:48.9 | get you there and it's kind of capped at like five million or something? No, it's not it's not capped at that. |
0:56.5 | But what I said was that we've just done this book Baby Steps, millionaires, |
1:01.5 | and the difference in a million and a billion is a billion is a thousand million. |
1:06.1 | So, you know, you can become a millionaire. |
1:10.4 | Everybody can, without a doubt, using your 401k and funding it generously, like following the baby steps and then getting your house paid off. |
1:19.1 | And that's the typical way people become millionaires. |
1:21.9 | The first one to five million is what I was saying on that. |
1:25.2 | It doesn't cap at that. |
1:26.6 | But there's only so much though |
1:29.4 | that you can put into a 401k and uh so there's only so much you're going to have in a 401k so |
... |
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