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Dave Ramsey Shares His 3 Important Life Lessons
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Dave Ramsey asks 50k/month 17yr old for advice.
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Having $4,600,000 Is Insane 😳 #daveramsey #finance #ramsey #podcasts #ramseyreacts
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Your most powerful wealth-building tool is your income. Invest $100 a month from age 25 to age 65 and you'll have $1,176,000. A hundred bucks a month. Nothing fancy, nothing complicated. So when you send a car company $500 a month for 40 years because car payments are normal, you're not driving a $40,000 car. You're driving a $5 million car.
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This Was One Of The Greatest Dave Ramsey Rants Of All Time
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Compound growth means your money earns money, and then that money earns money too. The best time to plant a tree was 20 years ago. The next best time is today. Once you're debt-free with a fully funded emergency fund, start investing 15% of your income into good growth stock mutual funds. Then leave it alone and let compound growth do its thing.
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