I’m On Baby Step 7! Now What?

I’m On Baby Step 7! Now What?

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, Christy Wright, Rachel Cruze, and John Delony.

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• The Ramsey Show (Highlights):

[gabesmith]

At this point they need to exchange money for time (I.e. housekeepers, online grocery shopping, outsourcing labor etc), and go places/do things they want to do while they are still young/able

[perfectlymprfct]

Before deciding to give to an organization, look up their IRS Form 990 to determine if they're responsible and actually doing what they purpose to do. It's tough to find a decent non-profit. Be diligent.

[acegl]

They are killing it. Time to make generational wealth and fill your life with meaningful experiences. A huge bank balance is nothing without enjoying it.

[JimmyMook]

Replenishing my emergency fund has been a challenge. Got it up to 20k then life happened. Needed new roof and entire hvac system.

[jannemyllyla]

We try to run toyota corolla until the wheels fall off. That thing just keeps going (we do change oils & other maintenance items at defined intervals)

[deejay]

Outstanding and just plain amazing. Congratulations to anyone at any age feeling that level of success. ❤️

[Rashaadthegr]

Since I am already on baby step 7 I invest about 40%.

[marcenelj]

What's their household income? That's the question that should have been asked.

[WorldinRooView]

If enjoyment, charity, and investment allocations = 100%, then that leaves 0% for food, shelter upkeep and taxes.

Clearly means AFTER that stuff

[TrollerzTV]

Anyone got a link to when she speaks about what she did to get where she is?

[moicus]

Ah... I knew there would be a toyota truck man somewhere in the Ramsey tribe

[gavinstoub]

Congrats! They say your first 5 million is toughest to get.

[kshitiz]

Two engineers in pre-covid dallas area (when single family house in nice area used to cost 350k) would do it. If they are software engineers, they probably had combined income of $300k or more.

[bellmattwebb]

Time to buy some income producing real estate.

[kateg]

How does millionaire work for married couples? 1 million net worth together, so only 500k per person, or does a couple need 2 mil to be millionaires?

[jacobroberts]

Dave : “ you got this ?”
Rachel: “ give, save and spend.. now wha..”
Dave: “ naaa I got this, so take a percentage”

Classic Dave loves the center of attention.

[wewhoareabouttodiesaluteyo]

Honestly, if I were them, I would keep pushing the $ limits. Inflation is high now and even if you completed some program (baby steps), Murphy's law is still out there to affect you. I am actually really afraid for the husband if a divorce happens because he can lose a lot. But yes, just keep pushing, keep making $. It never hurts to save and keep it going.

[buckybarnes]

That's the point where you get people -- butlers, nannies, landscapers, chefs

[connectedcalcat]

How can I call? I have an interesting story for the show.

I have miraculously just skipped from step 0 (borrowing money) to steps 5-6 where I have a nice chunk to put into something and watch it grow. How can I turn say 20k to $200k in the next 5-10 years? How can I learn the stock market or investment strategies with the little chunk that is left ?

By the way, my former boss put me onto Dave about a year or so ago as he himself is a millionaire

[cybertrk]

Baby step 8: gamble it all away and start the game over!! :)