You're One Step Away From This House Of Cards Crumbling! (Hour 1)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 10 July 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

George Kamel & Jade Warshaw answer your questions and discuss: George triggered the internet with his most recent YouTube video, from George's YouTube Channel: Why Most People Will Never Be Millionaires What to do with a house when going through a divorce, What Baby Steps George and Jade think are most important, from the blog: How to Win With Money in 7 Baby Steps How to prioritize saving in Baby Step 3 when expecting a baby, "I'm in $100,000 debt and don't know if I should sell my rental properties", from the blog: Should I Sell My Rental Property? Why you shouldn't stop investing while paying off your home, from the blog: How Do I Invest in Retirement, Save for College, and Pay Off the Mortgage at the Same Time? "How can we best use an inheritance when working the Baby Steps?" from the blog: What to Do With an Inheritance Support Our Sponsor: NetSuite Churchill Mortgage Zander Insurance Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Here's an EveryDollar deal just for our listeners: get a 14-day free trial PLUS $15 off your first year of premium. Click the link below and start budgeting today! www.everydollar.com/jade Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Ramsey Solutions Privacy Policy

Transcript

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0:00.2	Z Part 2
0:04.6	Live from the headquarters of Ramsey Solutions broadcasting from the pods moving in
0:34.0	doing
1:02.2	5 George I feel the same way about you. Wow. Thank you. That means you always come up with fun adjectives
1:07.6	I don't have it today
1:09.6	The testimonies George camel we've been hanging out with Ken Coleman too long. We're coming up with $10 words
1:16.0	Well Jade as we get the phones going I uploaded this video today on my YouTube channel
1:21.7	It was called why most people will never be millionaires
1:24.2	Oh, and I broke down the four mistakes people make when it comes to building wealth and investing
1:29.6	I love that and I've never seen a more aggressive
1:33.1	Controversial comment section. I mean, I'm sure the people were feeling attacked George
1:37.4	Wow, let's be honest. I was I just defined what a millionaire is and I about
1:43.5	Exploded the internet by accident tell can you tell us more like even I'm like tell me more she's so intrigued
1:49.0	You have to subscribe to my YouTube channel
1:51.7	Well, here's the thing as as I open the video I said let's just be clear what a millionaire is because some of y'all are confused out there
1:58.1	Yes, clear it up a millionaire is not someone with a million dollar salary, right?
2:01.5	A millionaire is someone who is a net worth of one million dollars or more right your assets minus liabilities
2:07.2	Yes equals net worth hey
2:08.6	Well for the people who are like him a first-time listener
2:11.6	I'm just getting this money thing explain assets versus liabilities. Yes, so assets are
2:17.5	Things that you own like your house your car your bank account your retirement accounts all of those count as assets
2:24.8	Right your liabilities are your debts. That's right. So it's that simple all of the debts what you own minus what you owe equals your net worth
	...

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