Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.

I have a 2010 Scion XD I bought in 2011 brand new bc it was the cheapest new car at the dealership. it was 2k off sticker price due to it sitting on the lot and being a stick shift. I got through college, several nursing jobs, NP school and am now a nurse practitioner and I'm still driving it. 148k miles and I'm gonna drive it til the wheels fall off.

Team Royota. 29 year old, 330k Royota.

You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people, One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities , etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Anna Rounds Fay my FA.

I don't think millionaires drive crappy cars. They just drive normal cars.

I’m Team Toyota! 2011 Tacoma. Not a millionaire yet.

Your channel is so entertaining and informative and I love it!!

My parents are millionaires and they retired early at 50 and 55. They do not flex anything. We have a rav 4, a modest townhome, and we live a frugal lifestyle. First thing they told me since I am debt free graduating from college was that when I start working save and invest most of the income early on and ignore all the noise that people around you makes. It makes sense I want to make my 20s extremely productive and I know how to live on less than I make since I literally lived this lifestyle my whole life. Your videos especially this one only reinforces what my parents taught me. Pretty cool to see honestly. 💯

The claim of 75% of millionaires never carrying a credit card balance doesn't mean they don't have credit cards. I can almost promise you most of them used a card on the regular but just paid it off every month.

Worth at least 4 millions, living in the low cost part of the country. drive a Mercedes as the only car and walk to grocery shopping when weather is nice. Rarely eat out but buy the healthy groceries that are up to 5x the price of the lowest price manufactured stuff. Did buy current 3500sq Ft house with cash. Started with $200 in the pocket coming to US alone.

Team Royota AND team Ronda! A 2008 tundra for me and 2009 CRV for my wife.

As a broke guy until retirement. I went to school with Dick Devos head accountant kids. He told me most "rich" people arent rich... they are in debt. Fast foward to me washing windows in SD. Owner of Vitamin Shop was a customer. He told me most his neighbors dont have 20 grand in cash. Houses started at 4 million in that neighborhood. Keep grinding guys! We got this.

Team , I paid cash for my GMC , but I'm 65 and didn't get the email for awhile. However I'll be better off then most because I have listened to you and Dave and continue to position myself learning from you guys and reading about finances. Thanks

Team revrolet 231,000 mile on a malibu and counting!!

These are fantastic takes,

I love George -so funny and so true!

Team 20 year old Riata. Ramsey is always the answer.

Ive been driving a 2009 Lexus RX 350. I paid $9400 cash back in 2020. Its been a beast. It is the same engine as the 2009 Highlander and uses all of the same parts as well. The good thing about used Lexus is that they typically depreciate more than a Toyota due to it being a "luxury" vehicle. If I had gone with the Highlander I would have paid about four grand more. Its great having a reliable vehicle, little maintenance, and not debt!

Team Royota. never owned a brand new car. first Royota was a used 1997 Corolla which I drove until I sadly had to send it to the junk yard at 290,000 miles. I could have then paid cash for a brand new car, but instead bought a used 2015 Corolla. I now work from home and it will take me 50 years to put that many miles on this Corolla.

Some great points, don't spend earned money on unnecessary items and invest in rentals as fast as you can. Best thing I ever did was invest in rentals.

My 2014 Ronda Odyssey has 206k miles. Is it a little bumpy? --yes, but it still runs great. I have priced new, and used, but I like my car and not having a payment.

Reached Millionaire net worth in my late 20s 🎉 God is good

Toyota here, shop at goodwill, retired at 53, and mostly staycations. We made $50k a year working. Monthly budget is $3000. Cash for cars. Save and pay later. Never a credit card balance. House paid in 17 years. Still 1st home. Investing started in our 20s.

1. 1:05 The "look" of a millionaire is not flashy or expensive. 2. 3:15 The average millionaire has an average paying job. 3. 5:10 "What you do with what you have" aka delayed gratification save now spend later. 4. 6:05 Millionaires don't use debt as leverage to build wealth. 5. 6:55 Millionaires don't bet on big risk to get rich quick, instead use retirement plans (401k & IRA).

Team Ronda at the moment. But I really loved my Royota. Great video, great advice!

Hearing the household income stats give me courage. I blew off retirement investing all together untill I was about 26 or 27 years old. I'm now 34 and only have about 47k across my 401k and Traditional IRA. This year became the first year my wife and I will Gross 100k and it just doesn't feel like enough.

True honest and unadulterated!

Team Rissan here, 170k miles on my Raltima. Debt free and just finished our emergency fund! Not planning on moving up in car for a long time

MY DAD is that farmer!! For real! I thought we were poor as a child BUT learned as an adult just how hard my dad worked and how wise he was! 👍🏼❤

I'm a 2 millionaire and I drive a 2012 and 2016 Honda, I do wear a Rolex and Omega watch though, I definitely do not spend on anything else lol😂

Team Royota and Rhrysler. The second is 9 years old. Just finishes baby step 2 and building that emergency fund!

My 1st car was Toyota & when we have kids we bought new Honda odyssey! It’s nice I drive for more than 12 years!! & donated. I also gave my 1st car to my youngest bro .

So slow and steady wins the race

I’m team Reisler. Car is 9 years old with 110,000 miles on it and still going strong!

Leaving a comment, because I'm a big fan!

Team Revrolet! (6 years old of course)

Team Revrolet!

Team Royota, following the “get rich slow” plan from Ramsey!

I am 54 years old and never purchased a new car. I could retire tomorrow, though. Choices.

Team RHonda all the way!! Love love love my 2010 and plan to keep it forever 😊

Rodge here -231,000 miles and going strong. 0 Debt. Houses and rental paid off. Working on building up retirement. Both 49 and loving that we have choices not payments.

Revro-lay, for sure!

"I love it"....just commented because u said I probably would'nt....😂😂...keep up the great work!

Team Royota!

I am not American but this is a common wealth phenomenon, thank you ❤

28, got $140k in retirement and almost paid off house, no debt, and 20k in the bank

We love our Ronda rodyssey and hope to get a couple hundy out of it

I do pay in cash usually. Have credit cards just for emergency but barely used it . I saved up & buy ;-)

I love your analogy: "Becoming a millionaire is like cooking with a Crockpot instead of a microwave." I love it because it is true!

Royota all the way!

$140+ a month on clothes? Where do you keep all that crap?

As a wise older friend once said, "Money: If you don't spend it then you have it"

Team 2013 rhevy rruze 6 spd basic car.

This is legit. My husband and I are very well off..and he drives a 14 year old Honda with a busted bumper and wears tshirts he got for free. You'd never know. We get this way because we don't blow our money on wasteful items (ie...fancy cars or watches).

Been rocking my used 2004 revy ravalier for 13 years now. 😉

I’m driving an old car too! My Ferrari F40 is pretty old 😂

Team… paid for rug, rolkswagen! -Jill

If I had to choose between the two my choice is Toyota. However I love my Ram 1500 and will continue to love Ram until Toyota puts out a diesel truck that can compete

I'm team Nahzda!

And here I am with a better wage than most millionaires, no credit card debt, one car loan (a vehicle we had was totaled and we need a truck to maintain our property) on a 3 year old truck. (We're pushing to pay it off in 18 months or less.) But still struggling to really build wealth. Granted, it's more difficult because the spouse is not on the same page as I am with the Ramsey approach.

Yup. A million is still a big pile of money but it's nowhere near the glamorous life style some people seem to think it is. I got there by being an ordinary Joe and socking away money in our retirement accounts where I invested it in strange and exotic things like a S&P 500 index fund. But I'm team Rubaru. They just make too much sense here with our long winters and too often nasty roads.

Love it !!!

I’m team Revrolet.😂

I have a Royota but I also have a Resla which is likely too new to be prominent on your survey yet. My pantry does have such high-end luxury items as the 48 pack of Ramen noodles which are used as a base in a lot of dishes that we've created over the years.

Lots of millionaires use debt. What you are describing are millionaires that are largely in their 50s and later. Myself and many others use debt for assets. Networth grows exponentially because of appreciation and cash flow.

Half of these stats are pointless because you're not controlling for age, but it's less interesting to say "older people eat out less." What's more interesting is to ask what is the diference in rate between young millionaires vs young future millionaires half from their home and half from a modest 401k? Or how different is the rate between people who are millionaires excluding their hous vs those who are only millionaires including their house

2010 Honda Odyssey & 2006 Toyota Camry

I'm team Rissan Rouge, 9 yrs old and keeping it til the wheels 🛞 fall off. 👍🏼

Few points are good few points are some are off the mark for new money millionaires 1) Yes these types of millionaires do use debt to help create wealth, it's just part of the recipe and done correctly accelerates the growth. 2) Highly speculative "investments" are part as well, it's a false dilemma to speak of being all in or all out on instruments like crypto.

Team Subaru !!!

Team Ronda!

We own a house ( paid off soon! ) drive Benz & BMW. I try not to buy more clothes or shoes anymore. Only making 72 k annually . But I still invest.

team radza

We're team Royota! But we also like Ford.

To truly enjoy money Is to not have to earn it through work or investing over time.

Catching this a couple weeks behind and 202K now George got it going on. One point buy the nice underwear, trust me the Calvins are worth it. More expensive up front but they last longer.

Team MG !!! 😂

Probably doesn't hurt that buying a house 10+ years ago would have majorly increased many people in that survey's net worth. Also probably doesn't hurt that proportionally, rent and groceries are way more expensive now than they were in the past. It seems like there are so many advantages from just existing in the past that just basic decent behavior would have resulted in a way higher net worth, and I am not sure that the same standards that got these millionaires their money will have the same results into the future.

Team Toyoya!!!😂

Team Rissan

Team Royota 💪🏻

Team 2005 Royota.

I’m a millionaire driving a Honda civic, rent an apartment, and maxing out my 401k and Roth IRA every year.

7 year old Mazda 3. Retired before 50.

Team Royota 😁 Love your videos my favorites!

As I am watching this within hours of when you just posted. Let me add a little reinforcement. I am not a millionaire. Actually I am close to being a 10 millionaire. I drive a Toyota. I usually go around in a sweatshirt. And most who know me, would consider me content but not overly glarmous. Some will note that I do travel more than most. Also I do frequently eat out. (but not overly smancy, fancy. Rather usually ethnic foods like, Chinese, Middle Eastern, Italian. (The difference for me. Is my restaurant expenditure. is quite small compared to most people's net worth. (I cant say salary, as I did retire a couple of years ago). Do I care what you think of me? Nope. Do I care about my family. Hell yeah, been married for 42 years and counting. The reason that I write this, is not to brag. Its because I was never an upper manager, and never had a salary close to what my kinds are making now. What I did, is invest from my 20s, and live below my means. (and I never had large balances on thiings that could chare me interest. Althought I am not abhrent to those plastic things, that most call "credit cards" but I call "charge cards." , and hopefully you understand the difference. So YOU can do it TOO. Go for it. It takes patience, but will bring you contentment, and less stress.

"Building wealth like a millionaire is more like cooking with a crock pot than a microwave. It's gonna take more time but the end result is way better, way less radioactive, and a good bit juicier." Words to live by.

Team Razda

Team RHonda.

Good Book: Millionaire next door..📕📘📚

Good video, I'm team Revrolet and Rhysler....with no debt

I'm team Resla.

Does Team Rissan count?

Can we make a video talking about a topic no one seems to talk about Lawful Money? Seems like the government does not want us to know how they make money with our SSN and Birth certificates!

Team Revrolet here 🚗

Team Razda here. I used to be Ronda, but the quality went down.

Team 2011 Hyundai Accent here 😎

I cant imagine even speding 117 a month on clothes.

Love your humor, George! Especially the fun fact about Australia. We actually have a Rhonda and a Royota... and the family is millionaire status. Greetings from Australia, from the city with the highest number of self-made millionaires per capita in the world 😊

Team “Revolet” in fact still driving a 1997 Silverado with 330000 miles, bought used in 1998. Keep up the great videos!