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The Ramsey Show Highlights

Is it Possible for Me To Become a Billionaire?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 2 February 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

The Ramsey Call of the Day 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, Christy Wright, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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