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The Rachel Cruze Show

How to Be a Millionaire on a Low Salary

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 10 March 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a free personalized plan. Even if you never make a crazy high salary, you can still be a millionaire. In this episode, find out how actual people with everyday jobs built their wealth so you can get started today. Next Steps: 💰 Find out your earning potential with the Investment Calculator. 💵 Start your free budget today. Download the EveryDollar app!   Connect With Our Sponsors: 🏥 Learn more about Christian Healthcare Ministries. 🔒 Get 20% off when you join DeleteMe. Explore More From Ramsey Network: 🍸 Smart Money Happy Hour 🎙️ The Ramsey Show   💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman  📈 EntreLeadership   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So did you know that it's actually possible to become a millionaire without ever making a large salary?

0:11.4

It is true, you guys.

0:12.8

And I recently came across a video that went viral of a parking lot attendant whose net worth was $500,000 and growing.

0:24.3

And he was just working an hourly job with pretty much an average salary. So it's very hopeful out there, and we're going to dive in and talk about this

0:29.0

subject because I really do believe that anyone can build wealth over time, become a millionaire

0:33.8

with the decisions they make with their money right now. And to prove it,

0:38.3

we're going to look at some incredible stories from the Ramsey Show callers that have called in

0:41.8

to talk about this very thing. Now, before we get started, make sure to like and subscribe to this

0:46.7

channel and share it with a friend who comes to mind and needs some of this encouragement.

0:51.2

All right, you guys, so let's start off with our first caller, and this was Jessica,

0:54.6

and let's see how she did it. Jessica is in Mobile, Alabama. Hi, Jessica, what's your net worth?

1:02.2

Oh, yes. Hi, 2.3. Good for you. And give me a little breakdown by category.

1:08.2

1.2 is in investments, and 1.1 is in real estate and tax liens. Okay, good for you. All right.

1:16.9

And how old are you? 52. 52. And how much of this did you inherit?

1:23.7

$100,000 from my father's death in 91 and and 200,000 for my mother's in 21.

1:30.6

All right. Now, your best year on working income and your worst year at working income?

1:34.8

Best year was 80, worst was 12.

1:38.4

Okay. What do you do?

1:40.2

I'm a chiropractor.

1:41.5

Ah, okay. What do you attribute this net worth to at 52 years old?

1:46.3

What would you say the secret sauce is?

1:48.6

Being so scared to be poor again.

...

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