How I Went From Broke to Millionaire In Under 10 Years

How I Went From Broke to Millionaire In Under 10 Years

George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.

This channel will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you're seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark.

[BrewNoCarbs]

I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow for retirement?

[lisanbradshaw]

18 years old with $13, 000 saved up and a $4, 000 dollar car paid with cash. I work almost 50 hours a week, door-dash on weekends, flip phones on facebook, and go to college part-time online. Listen to the Ramsey Show every day, appreciate the advice George!!

[sharmaineh]

Wish i wasnt 53 before the mindset clicked.. I feel its too late but im still going full force with my new found financial mindset.

[Angelinacortez]

Investing in a stock may look straightforward, but choosing the right stock without a proven technique can be difficult. I've been attempting to grow my $210, 000 portfolio for a while, but the largest impediment is a lack of defined entry and exit strategy. Any input on this matter would be highly appreciated.

[Clayto]

Your editors are incredible absolute animals.

[aliciashaw]

I like how you said we overestimate what we can do in a year and underestimate what we can do in a decade. Golden✨

[trentsmith]

The one very important thing missing from this equation: your shovel (a.k.a. Your income)

[lawerencemiller]

I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

[alexsteven.m]

Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.

[adamcates]

George, I'm loving the new channel. Being a longtime Ramsey fan, I definitely love the content. But I also love your style - your delivery and editing choices are great. Keep up the great work.

[Erikkurilla]

Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.

[AndrewBurchfield]

The best decision Ramsey Solutions could have made was to give George this channel. George unleashed is the more cowbell needed in this life! 🎉

[Raymondjohn]

We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.

[jonaramaa]

My wife and I are big ramsey fans at 26. We are debt free saving for a home with about 150K saved up (we live in an expensive city) The plan has worked really well for us. Love the new content George!

[amytaylor]

Loving the new channel, George!
My husband and I aren’t baby steps millionaires quite yet, but we are 100% debt free including our home! We expect to be millionaires by our mid to late 30s! We went from a significantly negative net worth to baby step 7 in only 5 years! 🤯

[kws]

A few months ago I informed my wife that we are now technically millionaires. Her response was I don't feel any different, what do you want for dinner? We drive a used minivan and my pick up was ten years old when I bought it. We don't spend very much because it's not much that we want. We are retired but because of our spending habits are net worth continues to go up. The money provides a sense of comfort that is something we did not have years ago.

[ImhereandwishIwasnt]

Thanks for sharing this George.

As a dave ramsey listener, I dug myself out of $30k in credit card debt and paid it off completely in about 5 years. I own 0 credit cards now and am completely debt free except for a house. I am however saving to pay cash for that thanks to the advice I get from Dave and yourself.

Thanks for teaching people how to manage their money!

[LarsBergstrom-uheu]

My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.

[scappel]

Did the same at 25 I was fresh out of college in the military (officer) - saved my butt off, started a successful air bnb and other real estate investments (reinvested all profits) all while doing the standard Roth and 401k investments and 10 years later I woke up age 35 a millionaire. It’s crazy what 10 years of hard work can do

[alecwilliams]

Incredible! My wife and I went to FPU when we were 19! We’re 23 now, and our only debt is our mortgage and both have bachelors degrees! It really works!