Why Most People Don’t Retire A Millionaire (And What To Do About It)

I have a Roth IRA. But how do I decide what to invest in? Are there some automatic investing options with fidelity? Or do I need to read a book to understand what investing options are? What is that book?

Really! communication has ROI ? Why u need a degree for that ?

“My Wife and I have a combined net worth of 1M” is very different than you personally have a net worth of 1M. I am glad you lead with that.

I like George, but not everyone (few folks) get jobs with Dave Ramsey in mid 20s. I am 38 with a PhD and actively looking for work. My point is George got good opportunities at a younger age. It couldn't have happened to a better man (I like George) but this is a fact.

They both make six figures

These jokes are dryer than the Sahara

The married part seems like it has some luck to it. You could easily walk into something that hurts your net worth. Yeah I know “marry the right woman.” But women can change their mind and then bam the system tends to hurt men. I have a net worth between 600-700k and I’m 38. It’s harder because I’m by myself but I’ll get there and I’m content that no one can take it.

Wish this included actual numbers. The philosophy is good but the numbers are what matter most.

10% belongs to God

Was not expecting george to start the video off saying " a d!ckhead ago!"

When can you be generous, I have always been generous but also am broke

George, some good advice here. Really, no crypto though? Mrs. Whozits Whatsits helps all kinds of folks make $35,000 a week by following her trading strategies. Thanks for your great advice!

1: live on less than you make.
2: you and your spouse both make 200k+

I’ve said for years people’s opinions don’t pay my bills

A House without Payments Factor into your total networth.....
Im guessing that you have equity in yiur home bit its not paid off Yet.....
Are you Debt Free exxeot your Mortgage.
Once you get to BS6 and can oay extra towards the House you will feel so much better.....
We are debt free except the house, investing 15% and paying double , sometimes triple payments on our home that we purchased 3.5 yrs ago.
Im 60 and spouse is 69 ( and retired on SS). We started investing late, but we are doomg it by the Grace of God....
Our goal is to have paid for house by year 7.......
Paid For before I retire....with Dignity....
The best time to starr investing was 20 yrs or more ago. But NOW is a good time.

Plan, Vision and Most important Gods Grace......

Professional jobs, investing in stocks & global index funds, and steady saving - that’s how I got to the 1M mark!

How about now? Not by 32….

Only if a good amount of folks do what you guys teach, just imagine how many millionaires we already have or will have in the future. Not the sad statistics where at least 50% of people are living paycheck to paycheck, even for high income earners. Great contents as always!

Don’t go into medicine then… most doctors are done with training at 30-34, about 300k in debt, missed out in your 20s and entering a career than demands average 60hrs of work per week.

I like the last one, live like no one else so that you can live like no one else.

So, this is good advice but not relatable. What was your yearly income after you graduated college until 32? I've never made over $100k/year, so don't think this applies to me.

My degree is in Communication too. It definitely paid off.

He admits that the only reason he made it to a million was cuz the 2020 housing boom

George, put that Apple Watch on Theatre mode before you record!

WE George, got to loose the I man. Congrats brother for the great content and solid work.

The only way I can have a $million in NW now is become a squatter in a million dollar house or marry a million dollars but I only seem to be able to divorce a million dollars! Ask my ex-.🦝😎🦝 I do buy ETF stocks, but never sell any and so I don't know how that's going to work out because I don't seem to ever have any money anymore except briefly when Starbucks declares a dividend every 3 months ($8) then I buy ice cream for my 2 grand-daughters.🍨🍨

George, I found your video quite interesting. You really sure did change your financial life around!

should be changed to *we*. Your money grows a lot faster when there are 2 people

I build wealth by having a decent job, investing in real estate and index funds.

For our clients, we do personal net worth and household net worth. He is a household net worth millionaire not a personal.

So you’re a half-millionaire married to another one. Still impressive.

Kinda weird he didn't bring up all the money he made on OnlyFans.

You and your wife ! Two people stop lying nerd

You know how insane it sounds to say that you need to find a spouse with similar goals to build wealth? Once again, this was not the case for our elders, quite the opposite actually, husband went to work and was able to provide for the whole family

easy you actually get paid.

For me, the ultimate goal of money is freedom. In my perspective, 1 million is the magic figure that will let me to worry-free at 65 years old. Is it preferable for me to save money or allocate a significant amount of my salary to stocks in order to accomplish this goal?

I figured he was going to say he married a millionaire

Btw its net worth, not cash millionaire.

George this is freaking amazing. Im A++ on the 35 yr old net worth scale, all these tools i have hit and people need to do this.

I agree with all the points here, but 7 years is still very quick (7 years after you were out of debt) to hit 1M based on slow growth methods. I agree with slow growth methods and practice them myself, but any tips on how you sped that up so much? Just side gigs? Don't want to take away from the wisdom of slow growth, but all I'm left with is that your ROI on your degree was pretty substantial and/or your wife may have already invested in more than her 401k. (1/3 of net worth in retirement accounts = approx 333k. Modest town home = approx 200-500k depending on where you live ( I live in Denver so 300-500 is basically as low as it goes), leaving an additional 200-500k saved and/or invested in 7 years. Thats a lot.)

Either way, great work!

He bought a house well below market value, paid it off quickly, and the house prices went way, way up.

That’s what he did.

George! You’re a great ambassador for the Ramsey brand. I love your simple math breakdowns and salary / debt conversions or salary/ savings calculations. You’re the man

Getting a degree without debt can be impossible. The only school in my state that had an accredited version of my degree was going to put me into debt. Thankfully I worked hard during school and got plenty of scholarships. I came out with 10k of debt. Paid it off the moment within 3 months of working. I will never regret my debt. I make 4x what I was making before college

Lol you forgot to mention that this 1M networth includes your wife 🤣

So you are actually NOT a millionaire?
If one million is the combined net worth of your household, you and your wife/husband, then you are each worth $500, 000.
It's like marrying a millionaire, while being broke, and claiming you are a millionaire because you live under the same roof.
Keep working you're half way there!

Wonder if he's slipped under 1M in 2025....

George got pipes

Thanks!

I would LOVE to see the budget sheet that allowed yall to wipe 40K of revolving debt, payoff a house, put 15% in 401(k)s, and go from negative net worth to a million in ten years.