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The Ramsey Show

Millionaires Delay Pleasure for a Greater Gain (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 26 October 2022

⏱️ 41 minutes

🧾️ Download transcript

Summary

Dave Ramsey & Kristina Ellis interview five millionaires to find out how they built their wealth. Support Our Sponsor: Carwiser PODS Moving & Storage Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0

Maybe he actually found something l

0:05.2

do.

0:12.6

Live from the headquarters of Ramsey Solution, broadcasting from the pods of moving and storage

0:33.0

studios, it's the Ramsey Show where that is dumb, cash is king and the paid off on

0:38.2

mortgage has taken the place of the BMW as the status symbol of choice.

0:44.2

Christina Alice Ramsey personality number one bestselling author is my co-host today.

0:48.4

We're taking your calls if you are a millionaire. This is a baby steps millionaire theme hour.

0:54.8

We are going to be talking only with millionaires regardless of how you became one.

0:59.3

We want to hear your story. Now let's be very careful to define it because some

1:05.0

people don't know the definition of millionaires including people who think they do.

1:09.3

A millionaire is someone who has a one million dollar or greater net worth.

1:15.8

Your net worth is defined as an accounting term as your assets minus your liabilities.

1:23.5

What you own minus what you owe equals your net worth.

1:31.1

If you're a cash millionaire it means you have at least a million in cash.

1:36.2

But if you have house, if you have retirement, if you have whatever, the things that you

1:41.0

own added up minus what you owe if it equals one million dollars or more you are a millionaire.

1:48.2

We want to talk to you because we want to teach America what millionaires really look

1:52.2

like, not what idiots on news shows with political agendas think of millionaires.

1:58.6

I heard some congressman, a US congressman the other day goes, well he's not a millionaire,

2:03.1

he doesn't make a million dollars a year.

2:04.9

That's not what a millionaire is. You doofus. It's not an income measure.

2:09.0

It's net worth. How do you get into the US congressman be?

...

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