4.8 • 3.6K Ratings
🗓️ 21 February 2025
⏱️ 9 minutes
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0:00.0 | So for some people reaching a million dollar net worth, that status feels impossible. It feels so far off. It feels like a dream. But what if I told you that you could implement five simple habits guaranteed to help you build wealth regardless of where you're starting. |
0:21.6 | Today, I'm going to talk about those five things that I have done personally to consistently |
0:25.4 | help me build wealth and become a net worth millionaire. |
0:28.9 | Now, before we jump in, make sure to like this video, subscribe to the channel, and share |
0:32.9 | this episode with a friend. |
0:34.9 | All right, first and foremost, to help you build wealth is to live a debt-free life. |
0:40.3 | When you know better, you do better. For Dave and Sharon Ramsey, this lesson came when they were |
0:46.5 | adults, you know, mom and dad, they filed for bankruptcy and realized, okay, this isn't working. So, |
0:52.2 | what are we going to do differently? And they really |
0:54.4 | started this mindset of not living with debt. And that is the family I grew up in. So for me, |
0:59.8 | debt really was never an option. It was never like a thing you would think about. I'm like, |
1:03.3 | oh, should I? It was just always like this no-brainer, pretty black and white subject in the |
1:07.3 | Ramsey household. And I would say, though, because of that, it has forced me to live |
1:12.3 | within my means. It is this idea that, yeah, okay, we have this much money a month. So what are we |
1:17.6 | going to do with it? And so there's no thinking outside the box. There's no, we're going to leverage |
1:22.7 | X, Y, and Z. It has always been living within our means. And because of that, when you live a debt-free life, |
1:28.9 | you're not paying payments and taking your income. And instead of paying a bank payments, |
1:34.5 | you could be investing that and making you and your family money off of those investments, |
1:39.1 | right? So using your income is so, so huge. So you can actually start this habit today, |
1:43.9 | you guys, you can live a debt-free |
1:45.5 | life. You have to start deciding, okay, I'm not going deeper into debt. That's the first step. |
1:50.9 | And then number two, start paying off your debt. And the most effective way to do this is to list out |
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