Can You Build Wealth On A Modest Salary?

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Published 2023-08-09
The Ramsey Show (August 9, 2023)
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All Comments (21)
  • @BrewNoCarbs
    Don't get discouraged just because you can "only" invest like $100 per month. It can compound to tremendous wealth over the course of decades. The important thing is that you keep going!
  • @thehedgerow
    I make 36k a year. I’m by myself and live on less then $500 a month. I live in the country and grow my own foods. I absolutely can save enough and be happy! You have to make changes and choose to not keep up with the jones! I also have no mortgage and no truck payment.
  • @dianevessels2632
    I sold my home in California and moved to Arkansas and paid cash for my new home. Selling my California home 1:21:36 reduced my debt by $120,000. My car is a 2008 Chevy Malibu and is paid for. I’m 71 years old am working part-time as a self-employed residential energy analyst and draw Social Security. Prior to selling my home and moving to Arkansas I was diagnosed with breast cancer and Parkinson’s. I’ve had a double mastectomy with reconstructive surgery for the breast cancer and a brain procedure for the Parkinson’s. So now that the health concerns are solved I’m working on baby step one. I’ve cut up my credit cards and making minimum payments on $20,000 in credit card debt until I’m back to having the $1000 for emergency fund. I enjoy your show and want to thank you for everything you do.
  • @isaachunt5799
    live well within your means. nobody needs a huge house nobody needs a flash car i'm a construction worker. 500k house long paid off 2 new cheap cars paid in cash 100k in investments. 80k in the bank we can all do it
  • @dianem4188
    So many happy tears for Jacqueline. PLEASE keep telling your story. I'm so sorry for your loss. You are a hero!!!
  • @SJhikes
    I jumped over from the podcast because I just had to see Jacqueline, the HERO, do her debt free scream. What an inspiration. The American dream is alive and well.
  • @christinehopping
    I am single on clerk salary debt free own a house in California Los Angeles county, net worth >$1million with no family no government assistance. America is truly the land of opportunity.
  • @mihy26
    Tenacity over hardship! Jacqueline's journey is FAR MORE inspirational than the ' $x00,000 debt, making $100k-to-$250k paid out in 1.5 or 3 or 4 years free.
  • Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
  • @ruthfisher2310
    Jacqueline’s story brought tears to my eyes! Congratulations 🎉
  • @athenakeesee9548
    I've listened to so many debt-free screams and this one hits like it's all new to me. I could have listened to Jacqueline tell her story all hour. I hope she continues to motivate others.
  • @Qwazier3
    Never ever ever would I buy a home with an HOA. Know too many people with horror stories. I myself had gone to look at a condo before I knew about the HOA issues. When they handed me a phone book size rule book and back in the 80's phone books were 3 inches thick, I politely handed it back and bowed out the door. Glad I listened to my gut feelings on that.
  • @fantasticforties
    Jacqueline would make an incredible Ramsey personality. The prison ministry idea is inspired! What an exemplary woman. ❤
  • @dawsondanny990
    Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
  • @Granzteelvids
    Jacqueline's story is very relatable in our today's society. We need more Jacquelines in the world!
  • @richardgoose695
    Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
  • @TheOddOddish
    Man, Hearing Jacqueline's story and success with just Being About it and not talking about it! She is so brave, and almost brought me to tears hearing her story of NEVER Giving up! She is such a strong woman, and is someone I will think about when im in those weak moments, and feeling like giving up! WWJD? What Would Jacqueline Do? ❤ Thank All Of You Guys! New watcher finally. I knew of Dave, but was scared of the work I knew I was going to have to do, but I am ready, especially after seeing folks like Awesome Jacqueline get it done and show its possible! Thank You!
  • @jonquis07
    Dave be cutting them phone calls off.😂