Become a Millionaire Making Less Than $60,000?

I make $55500 and my wife makes $60000 and we are living on one income and using the other to pay off debt. We will be out of consumer debt by November 2024. So excited.

I am 38 and my husband 40. We just finished paying off or $320k debt, including our home. It took us 2.5 years on gazelle intense. We are living under our budget and meaning. 04/05/24 was an amazing day for us. Now, we just have to start saving and investing for retirement.

My daughter is a elementary school teacher that makes about $50,000 a year. We have taught her to make the maximum 401 k, save 10% of her salary to put in a high yield savings account. She lives below her means and is frugal with her money. She makes most of her meals at home but still has some fun money to spend with her friends. She uses free events in her neighborhood, uses the library instead of buying books. Most of her furniture is hand me downs from us. Luckily she will have a nice pension when she retires. It is possible!😊

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month this 2024 investing with Kimberly Smith.

I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life

I love that this is your focus. More like this please. Keep beating the drum of hope and truth with these stories because it can and should still be done. You can become a millionaire if you save and invest consistently thru out your working career even on a low income. Belief is SO powerful!!

This is very encouraging to hear about! My spouse and I both work outside the home at this time, but we hope that will change soon. I’ve been worried about living on just one income (low, below average) but I believe with a LOT of sacrifice up front, we can make it work!

Can I just say it's so refreshing to see a naturally beautiful looking presenter. Just recently discovered your Dad & yourself, already listened to 2 books on audible from your Dad & now following you both. Feeling excited in having clear steps for getting out of debt & going from there.

Great video. Im a huge Blcktken300 fan and love your videos on it.

This is so encouraging. I’m about to graduate and job searching has been overwhelming, but seeing these numbers reminds me that this is doable.

Rachel...you are a great speaker...can you please make these videps without the background music?

I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!

This is kinda disingenuous though, cause that first guy clearly had $500,000 at least in lawsuits if he's got 250k in annuities, and 250k in settlement cash... That's like being impressed that a McDonald's worker making $7.50 an hour lives in a mansion and retired, but neglecting to include they won the powerball

Trying so hard to be this success story as a millennial with these housing AND rental prices. And no I don’t live in California or New York. Rent is currently 60% of our take home pay. We are debt free and saving/investing very small amounts. We are going to try to downsize to a smaller apartment but it’s tricky with a family of four. Really we just need to save for our next vehicle…maybe one day we can save for a house

I make more so it’s possible for me!!! 😊🎉🎉🎉 thanks Rachel

Love you sleeveless sweater ❤

While everyone in here is scrimping and saving foolishly thinking they’re getting somewhere, I just bought a small warehouse with my business partner and we’re renting the space out to local plumbing and HVAC businesses. Follow Dave’s plan if you want to stay average. I’m in the empire business and we don’t sweat the small stuff here.

I am going to do this making 30K!

Plus I Respect Mr Ramsey the only thing I don't understand is he tells Society and The General Public not to go into Debt yet Many Low Income Families have no choice specifically how is it possible to get out of poverty

What if you want to be a millionaire before retiring? Who wants to wait until they are old to be a millionaire? Life expectancy is 78 years old and retirement age is 67 so who wants so short of time to enjoy retirement.