This episode is brought to you by SmartVester.

Connect with an investing pro near you at ramsysolutions.com slash smartvester.

So, John, I've got a YouTube channel, and what we try to do is help people build wealth,

especially young people who go, I don't want to wait till

I'm 65 to enjoy my life. I get it. But we also know if you don't think about the future,

plan for it, invest for it, then you'll never have money. And you'll retire broke,

which is not okay in America today. Because it's really easy to retire a millionaire,

and yet most people don't. Is it easy, George? Well, here's the thing. The math of it is easy. Okay, there you go. The dollar amount you need to invest is easy. How do I lose weight? Diet and exercise. Like, it's easy, but it's hard. And as you know, as you get older, it's harder to make progress. There you go, yeah. It's harder to change habits. We all had abs at 24. Yes. Right? I mean, I've always had a thing for gummy candies. Just saying. Okay, that's fair. But I thought it would be fun, and I've done this on my channel, is use our investment calculator to show you exactly how much you would need to invest based on your age

in order to have a $1 million nest egg. Because here's the stat. Only 3% of U.S. adults have a million

bucks saved. Nearly half of Americans have under 10 grand saved and 26% have nothing in any

retirement account. And some of that's due to, you know, living paycheck to

paycheck, some of its financial literacy. But if you're listening to this show, listening to this segment, you now have no excuse. You know too much to retire broke. All right, bring it on. Here we go. So we're going to start with... Save the day, G.K. Let's start with that 24-year-old with that. A young Dr. John, bright-eyed, bushy-tailed, ready to take on the world. And this is also

assuming you're following the... with that 24-year-old with that. That's pretty good, right? A young Dr. John, bright-eyed, bushy-tailed,

ready to take on the world. And this is also assuming you're following the Ramsey plan, which means we're not going to take on crippling debt and car payments and student loans and credit card debt. But let's say you're ready to invest. We recommend 15% into retirement. and we're going to even go lower than that.

We're going to go $150 a month from age 24 to age 62.

Let's see what happens. I've got it pulled up. If you're watching on YouTube, you can see in real time we use this investment calculator on our website, which is free. We'll link it in the description. So you have nothing saved. We're starting from zero. And we're going to invest 150 bucks a month, and we're

going to assume an 11% rate of return. Now, John, people are already, they're angry. They're

already typing comments on YouTube going, where's this guy getting 11% on his investments?

This is just historical data from the S&P 500. So if you look at the U.S. stock market over the

last 50, 70 years, you're going to see

an average rate of return of 11%. So we're going to use that as our number. And what do we find,

John? One million bucks. And guess what? 68,000 of that was John's contributions. 964,000 was growth.

...