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Ramsey Everyday Millionaires

What Do These Millionaire Careers Have in Common?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 2 August 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

This episode is sponsored by Smart Vestor, connect with an investing pro for free at RamseySolutions.com

0:10.0

Slash Invest.

0:15.0

You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement,

0:19.0

building wealth, and outrageous generosity.

0:22.0

Today's question comes from Brad and Idaho.

0:25.0

Why are teachers consistently in the group of people that become millionaires?

0:30.0

I'm going to add to this question.

0:32.0

He's referring to the Ramsey Solutions Study, the largest group of millionaires ever done over 10,000

0:37.0

and they were in the top five school teachers of net worth millionaires.

0:41.0

That's what he's referring to.

0:42.0

He goes on to say, is it because they marry well and have a spouse with a better income

0:46.0

or is there another reason or are there other career fields I should look into

0:50.0

that consistently make it into the millionaire club?

0:53.0

You know, I can't wait for Dave's take on this.

0:55.0

I'll tell you one thing that I believe is absolutely a reason that teachers are in that group

0:59.0

is because they are missional.

1:02.0

They care deeply about their role.

1:05.0

We also found in that same study that 96% of net worth millionaires love their work.

1:10.0

And in the teacher case, they're very dedicated to being instructors.

1:13.0

They care deeply about serving kids and they've chosen work that is meaningful to them

1:18.0

and thus, they've decided that what they make is enough.

1:22.0

And they've made the choices to live on less than they make and choose a lifestyle

...

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