Dave Ramsey debunks skepticism, shows $100/month investments over 40 years can make millionaires
From Yahoo Finance: 2025-05-14 23:31:00
Dave Ramsey challenges skeptics, saying $100/month invested at 12% for 40 years can make millionaires. He refutes caller’s $5 million claim, citing U.S. life expectancy data. Ramsey’s book Baby Steps Millionaires profiles wealth builders who followed his plan, dismissing claims that race or income hinder saving.
Financial calculators confirm $1,200 annual investment in S&P 500 mutual fund could top $1 million by year 40. Ramsey emphasizes consistency over timing markets. Critics note median retirement balances below $200,000 for near-retirees. Ramsey counters, urging discipline to build wealth.
Maker of $60,000 foldable home aims to solve housing crisis with 3 factories and 600+ houses built. Ramsey criticizes skeptics, saying they don’t understand the numbers. Long-term S&P data show 40-year returns above 10% are possible, cautioning future returns may moderate but still yield significant savings.