From Yahoo Finance: 2025-05-30 15:05:00

Dave Ramsey shared advice on how to become a millionaire, emphasizing sticking to a plan and being process-oriented. His research found that millionaires are often in professions like engineering, accounting, teaching, and law. They build wealth through consistent investing, smart spending, and avoiding debt, not through high incomes or inheritance. Ramsey also highlighted the importance of investing in a 401(k) plan and owning a home to reach the million-dollar mark. For those interested in diversifying their portfolios, a gold IRA can offer tax advantages and stability, while real estate opportunities like Homeshares provide exposure to owner-occupied properties without the hassle of ownership. Millionaires surveyed in the study avoided single-stock investments and instead focused on diversified investment strategies for financial success. Hedge fund analysts at Moby provide research and reports on stocks and crypto to help users stay informed and potentially uncover lucrative investment opportunities. Theo Von Clips on YouTube has been outperforming the S&P 500 index by an average of 11.95% over the past four years. Ramsey notes that 9 out of 10 millionaires surveyed did not inherit their wealth, but earned it. Vanguard offers personalized financial advice to help achieve millionaire status. Their hybrid advisory system combines professional advice and automated portfolio management. Vanguard’s advisors will help set a tailored plan and manage your portfolio as fiduciaries.



Read more at Yahoo Finance: Dave Ramsey told podcaster Theo Von about the ‘secret sauce’ for those who want to be millionaires