I Became a Millionaire - Here’s How.

From a negative net worth to achieving $1 Million, the journey was tough but focused and today I'm sharing how I became a Millionaire and most importantly how YOU can achieve this too. My income through 80% of this was actually BELOW the median income for United States. I never received an inheritance. We just lived frugally, focused, and had (and kept) our eye on the goal. You got this.

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Personal Finance

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Welcome to a compelling and insightful video where I take you on my personal journey from being buried in debt to achieving millionaire status. This story is not just a testament to financial turnaround; it's a blueprint filled with practical strategies, emotional resilience, and the determination to redefine one's financial destiny.

What You'll Discover:

The Starting Line: Embark on this journey with me from 2013, facing over $104K in debt. Understand the emotional and financial challenges that set the stage for a dramatic transformation.

Strategic Milestones: Journey through each pivotal year as I share the key decisions, investments, and lifestyle changes that were instrumental in my financial rebirth. From aggressive debt repayment plans to savvy investments and beyond, see how each step contributed to my overall success.

Educational Insights: Beyond personal anecdotes, this video is packed with educational insights. Learn how I navigated the complex world of financial planning, the mistakes I encountered, and how I used tools and resources to build a growing and sustainable net worth.

Dave Ramsey and Beyond: I’ll share a critical analysis of popular financial advice, including Dave Ramsey's principles, and where I diverged to craft my own path to success. Discover the strategies that align with different financial philosophies and how to tailor them to your unique financial situation.

Blueprint for Success: More than just a story, this video offers a detailed blueprint for anyone looking to escape debt and build wealth. From the "why" behind an emergency fund to the "how" of investing in index funds and real estate, get ready to receive a comprehensive guide to financial freedom.

Engagement and Community: This journey is about more than just numbers; it's about building a community of like-minded individuals who support and inspire each other. I invite you to share your journey, questions, and insights in the comments below. Let's grow together.

Why This Matters:
In today's world, financial education is more important than ever. Whether you’re starting in the negative or looking to optimize your savings and investments, this video is designed to provide value, inspiration, and actionable advice for achieving financial independence.

Join the Movement: Inspired to start or continue your financial journey? This video is just the beginning. Subscribe and join our community for regular updates, deep dives, and transparent discussions about money, investing, and personal growth.

*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

[Just_Stevo]

Always take the match. It's the only guaranteed 100% return out there.

[GUNNERakaKelt]

I agree with you on the 'keep investing if you're getting a company match.' That's should be a no brainer. The interest you save on paying off a debt with that little extra money will be short lived, whereas the money you get from a company match can have long term pay-offs. Don't leave 'free' money on the table.
Control but no question. 🙂

[jeancarloferreira]

I finally reach millionaire in cash/investment accounts this year. But I sold my house about 2yrs ago to put it all in stocks so that's how I sped up the process. Now I quit my job and I'm going to go travel and enjoy life and family for a while.
Nice job reaching million networth to u too and keep up the great videos!

[CaptainBlackass]

Control.
Thanks for your videos. You give the small-scale retail investors the realization that they can do this. And eventually take control of their finances and life.

[sdztre]

Control. First, this has inspired me to start investing, your video on opening a account helped. Thanks for making videos like this...Its appreciated. 💪🏾

[saritakeni]

Thank you for sharing your story - it is amazing! Congratulations on your success! You should be so proud! ☺

[ezzo]

Can you show your income per year as well ? While you were going through the years it showed that you paid over 180k from your house - and added over 40k in retirement —- your income must have been over 300k or something .. If you can show the income it would be very helpful - thanks

[DirtydogMech]

Great video. Which college saving account do you recommend for NY ?

[TizeN]

Control.

Hi Bob, i discovered you only 2 weeks ago but i love your videos.
Did you already have explain what kind of side hustle (except youtube) you did ?
I'm in the process of writing some books based on my personnal knowledge (home automation) and and I love to hear about others's side hustle :)

PS: Hi from Monaco !

[itsjustwilliam]

CONTROL!!! Hello Bob, I want to personally congratulate you on overcoming the debts you had and reaching millionaire status, I am really ambitious and want to side hustle all that I can, can you give me an example of one of the better side hustles you used? Thanks as always

[checkmate]

CONTROL
Under the Current Assets section, how would I quantify a Pension?

Thank you Bob for the videos you create. I look forward to watching them!! You’ve also inspired me to invest $15.00 per day with Robinhood in addition to my regular TSP contributions.

[tylerfreeman]

CONTROL. Not really a question but I hate having to wait. I know it takes time and I know that’s the most effective way but I check my brokerage and 401k often. I want to see it really jump up in value. The waiting part of it gets me. Great video thanks!

[Rainbow-Spirit]

Bob, I am so proud and so happy for you and your family 💞🍃 😌

[timholder]

After thinking about this You make much sense. Net worth is not quite FI . It is very close. In retirement what do put on social security income?

[sammyalabamy]

Love our Dave Ramsey babysteps Millionaire

[outdoormatt]

Control, Another great video best investment channel on Youtube!, my question is im investing in VOO and SCHD each week dollar cost averaging the same amount in each, is this a good idea or should i just invest in one of them, ie does it matter if i end up with 50k in each or am i better having 100k in one of them?

[Dj.MODÆO]

Hmm, I disagree Bob. If the debt has 20-30% apr, it will quickly dwarf your employer matched 401k over a ten year period. Pay off that high interest debt before you invest

[FLking]

Control. What apps or excel sheets do you use to track your net worth. Currently on Dave Ramsey baby step 2 but I still put a little bit towards investments

[rustinpierce]

Weird to think when I was in highschool I was big into beach body following you then stop following you for a couple years, and now when I got interested into personal finance and investing im refollwing you .

[vortex]

Control. Thanks for the content, we have almost the same mindset and path. We're just behind you with 600k worth. No debts except for mortgage but thats at a 1.5% interest rate for 20 years, so I'm fine with leaving it and just pay the principle. What are your thoughts on that? Our monthly expense is 40% of take-home pay. We invest 40%, which includes pension which amount to 15% of the 40%. The other 25% is invested through traditional brokerage account because we maxed out tax efficient pension instruments. So, whats your thought on the mortgage? We think its best to just leave it and only pay the minimal to the principle which would mean we pay it off in 26 years from now.