I'm 22, How Do I Become Wealthy?

Tony is going to start this hour in New York City Hi Tony, welcome to the Dave Ramsey Show. What's up, Dave, what's up, John? How are you? Great man, how can we help? Yes, I'm a 22-year-old college senior. I have one. one year left, I have no debt, my mom paid for school in cash, so I'm fine, wow, I had a job in March, but I lost it because it covered and then I decided to sign up for unemployment because all my friends were doing it and I ended up getting about 18,000 for unemployment. I guess it's free money.

I don't know if it is taxable. They actually deducted taxes. So I was wondering what would be the best way. for me to go, so I can basically be financially free or rich, as you call it, because I found you yesterday, actually, oh my goodness, well done sir, what is your title? I'm setting up finances, okay and the job you had prepared was for after completing your degree, no, it was just a job just to earn money income, oh actually, okay, and you will graduate when now I graduate in two semesters, so this. time next year yeah okay I think you keep that money to make sure you graduate and continue the debt free journey you're on which is absolutely amazing that's very very cool have you hugged your mom Today, Tony?

If you told her that you loved her and she set you up to win, you should probably think about saying that Tony every day, when you wake up, go tell that lady, thank you for setting me up for a life, yeah, that goes. being debt free is yes because it is simply wonderful very few people receive the gift that you have received here so it is simply not like that. I'm very lucky for you. I just wanted to know what is the best way for me. It's not the best question, but it's very general, but what is the best way for me to get rich?

I don't want to say rich, but rich is the best way, yeah, well, neither of them are right, neither of them are immoral, they're not. immoral being rich is not immoral you are not automatically a bad person if you are rich and one thing you do want to do is get that out of your head uh and and so on because if you are focused on others you can do it There are many wonderful things with money, like he did your mom. Well, she used money to make something wonderful for you and you'll be able to do it yourself many times over, so yeah, it's a big question, probably too big for a radio answer.

I will tell you that the most important thing, a couple of things number one, is to do what you are doing now. Gather knowledge. Be very intentional with your money. Most people just wander around and then wonder what happened and if you're just there. very intentional then, that will lead you to make a budget that will lead you to live with less than what you earn, that will lead you to generosity, that will lead you to avoid debt, that will lead you to invest and those are the keys to generating wealth , but no one does that accidentally, no one wins the Super Bowl by accident, it's an intentional act and so by just asking the question you start that process of being intentional, so Dave, there's a lot of media sensations that come up. with, you know, a couple.

A lot of college friends come up with an idea and have an IPO and

become

this thing overnight. This has been your experience, although the vast majority of people who build and I love that he already knows the distinction here to build. Wealth takes a long time, doesn't it? Yeah, get rich quick just doesn't work well statistically, huh, so it's very rare and the interesting thing is that those who do it rarely keep it, because they didn't build the infrastructure in their character to carry it and that's fine, I like it to go to waste. , you build muscles with increase, with fight after fight, after fight, because a muscle is built by tearing a muscle, it is built through destruction, through pain, and it is not built through comfort, etc. that's gradual over a period of 10 12 15 years of uh uh of staying debt free living off a lesson that you do being intentional uh doing some things that your friends don't do not doing a lot of things that your friends do know and To You have a lifetime of those kinds of things, but you are very smart and wise about it over a period of time.

This is how wealth is built. I spoke to a young man this morning. A 35 year old man came up to me and whispered to me and said. I'm an everyday millionaire wow and he works on our team really yeah wow he came up to me after the staff meeting and said I'm an everyday millionaire 30 I told him how old are you 35 I mean he said I started to work on your plan 12 Years ago, fresh out of college, he said, "I've done it all, we've always lived exactly what we teach here, penny to penny, you know, intentional and, um, he makes good money, But he doesn't know, yeah, he didn't." to get paid a million dollars a year, I'll tell you that millionaire money right now doesn't make millionaire money, but you're right because it's that constant, the tortoise wins the race, not the hair every time, yeah, and that's he you know. all the data we have on millionaires tells us that's how they do it and that same idea works for marriages, for mental health, for physical health, for weight loss, yeah, you said that right when I came in, not even I don't even know if you remember saying that. for me, but you said john, i have read that book, that turtle in the hair a lot and the turtle wins every time, beverly hills said there are no shortcuts to anywhere worth going, i love it, it's just that that's the process, sorry, Tony, well. brother, wait, Tony, we'll give you a copy of the book The Total Money Makeover that has shown eight million people how to answer the question you're asking.

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