brought to you by the every dollar app start budgeting for free today i saw this sitting on our

desk and i think it's worth talking about because we hear so much doom and gloom about americans

not ready to retire or it's the american dream is dying you know here in america when it comes

to money.

And this is really cool from CNN.

Number of 401k millionaire reaches new high.

Yes.

I actually just talked about this this morning on Good Day Orlando.

We did the media hit with the nice people over there.

And this is exactly what we talked about because there's so much hope stealing going on out there. All you hear is there's a retirement crisis and the next president's going to screw this up and cause us to all be broke. And here's Fidelity saying, actually, we're at record

highs and across our 401k accounts, they have half a million people who have balances of a million

dollars or more in that one account. Wow. Wow.

In just one 401k account, which is very encouraging. Average balance hit 1.6 million. That's great.

So that's encouraging. So the question is good for them, George. What about me and my 401k? I don't have a

million. Well, that's true. The average 401k out

there is more like $126 grand. Yeah, yeah. So it's like a tenth. So how do you get there, Jade?

Well, it takes consistent investing over a long period of time. So if you sporadically put

3% to get the employer match, yeah, it's going to take a bazillion years to get a million. But if you follow

the Ramsey plan, you get out of debt as soon as you can, two years or less, you get the emergency

fund in place, you begin investing 15% of your household income into that retirement account,

you will see that it doesn't take long for compound growth to work its magic.

That's right. And we all the time around here, we're talking about 10% returns.

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