Your Roadmap to Millionaire Status! - Dave Ramsey

Unlock financial freedom with Dave Ramsey's proven strategies! Dive into top personal finance tips, wealth-building hacks, and smart investing insights. Whether you're starting from scratch or boosting an existing portfolio, this guide breaks down the essentials to millionaire success. #FinancialFreedom #WealthBuilding #InvestSmart #DaveRamseyTips #MillionaireMindset

[daviniarobbins]

That assumes a lot of assumptions, one of which is if you live into retirement to enjoy your savings.

[bful-qg]

Long story : you save, invest and don’t spend for others.

[gabemorante]

You would need a 12.5% rate of return to end up with 8 million but if you use the 100 year S&P return of 10.4% you’d end up with 4.4 million. Either way better than having nothing.

[wademckinnon]

People making $60, 000 a year are barely getting by.

[michaelfors]

Did the Calculator and the only way to get to 8 million is by having an average yield of 12%. You might get that 10 years in a row if you are lucky. But the actual average long term is 7%. And 40 years is very much long term

[flippindocks]

Wait... why would he say save 15% from age 30 to 70? No way in hell I'm working till 70.

[flattire]

Investing for decades worked for me. These commenters though, think they are so much smarter.

[nitemoves]

Wisdom. Tragically not everyone is listening

[shanestanton]

And be like my 80 year old parents. Scrimp, safe, pinch pennies, and then refuse to spend it.

[SophSoundsENT]

Lot of bad assumptions here but the overall message makes sense

[davy]

Whatever shall i do with that large sum of money at 70 when my legs and back dont work, im 28 now and already on the decline. Please tell me this again with a straight face and say ill be rich in 40 years...

[TURTLEORIGINAL]

Look, as long as the good Lord blesses my health, I have no problem working until my last breath.

[gg]

yeah and by the time we have the 8 million it would probably be 1 month worth of rent

[travismickelson]

Yeah at 70???? Ur better off buying some rental property and u can live off that, , , also own the equity at 70 your dollar is going to be work what 40% less!!!!

[GreatSuccessSolutions]

What happens when the physical dollar collapses and the digital dollar (that is total control) replaces it.

India just used their rupee to buy Oil and not the petro dollar, that is the day the dollar died!

[FLMAN]

On average people don’t make that 60k a year until they are 40. And most people making less than that can’t put 15% away. But even if you did make 60k at 30 that would leave you with 45k. Say rent for the year is 15k that’s low so that gives you 30k or 2500 a month to pay a on average 400 a month car 200 a month insurance (renters and car) say 400 a month in food, $60 a week in gas for 2 people to get to work so 240 a month. Student loans on average are 460 a month per person so call that 1000. You have 260 a month to buy everything else and now also buy a house debt free. This guy makes my blood boil. What he teaches just doesn’t apply anymore.

[jeffprager]

Do I have permission sir to enjoy life on the way to 70 ? Or do I have to wait then crock