Nobody really cares how you live your life, what kind of car do you drive. It's really just,

how secure are you? It's insecure people who have the hardest time building wealth, because

every dollar has to be spent flexing to look rich instead of becoming wealthy. He is a number one

national bestselling author, a co-host of the Ramsey show and one of the top personal finance experts.

We have the inspiring George Camel in the house. I found out over 60% of people 35 and under, social media is their number one source of financial advice. So you're watching a TikTok of a guy telling you to go open up this whole life insurance policy, to borrow money tax-free, and then go buy 10 pieces of property. All they're doing is being over-leveraged, trying to get rich quick.

And they're going to fall flat on their face, or worst-case, buy the guy's course for $3,000

and then be broke after that.

What does true financial freedom look like to you?

Hmm.

I think it comes down to...

If someone puts a million dollars away in their early 20s, how quickly would that get to 2 million?

Well, it doubles about every seven years. If you get a 10% rate of return, which is what we've seen in the S&P 500 over the last 50, 60 years, it doubles about every seven years. So one million turns to two million.

So let's say from 23 to 30, that's pretty wild. So two million turns to four million,

four to eight, eight to 16. And you're going, okay, now you're in your 40s with 16 million

because you got started early. Now it's depressing for everyone watching who's gone,

George, must be nice.

I didn't have a million dollars at 23. Yeah, neither did I. You might have 10 grand maybe at the end of the year if you're lucky, right? Or if you really saved well at 23, 25, like, you've got to start somewhere. Yes. But the people who wait and go, well, I want to enjoy life now. Investing is for later me. you're going to regret that

once you see how the math works on it.

And I always tell people,

the best time to plant the tree was 20 years ago. enjoy life now, investing is for later me. You're going to regret that once you see how the math

works on it. And I always tell people, the best time to plant the tree was 20 years ago. The next

best time is today. And so drop the baggage and the shame and the regret and just go, hey,

...