You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,

and outrageous generosity.

Okay, guys, let's step back up.

People that end up in the millionaire study being millionaires are the ones that steadily

invest.

Here's what the irony is.

A lot of the millionaires that we studied were not expert investors who maximized rates

of returns.

Many times they had medium to poor, decent mutual funds that they were investing in.

Almost the majority of them could have done better with their mutual funds selections, and

yet they still became millionaires.

And the association of actuaries did a study, which is like super nerds, okay, that says

that 74% of the reason that someone becomes wealthy is savings rate.

Now, it's not the rate that they make on their savings.

It's what, it's that they constantly save a set percentage, a good percentage of their

income, like 15% of your income and baby step four, towards their investments.

So here's the point, 74% of the people who become wealthy.

That's almost all of them.

That's statistically significant.

Do so, not because of commissions or no commissions on their mutual funds.

Not because of their expense ratios on their mutual funds, and not even because of the

rates of return on their mutual funds.

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