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Brought to you by the EveryDollar app. Start budgeting for free today. The lies and the bad advice are everywhere out there. Lie. Mortgage interest rates and inflation are crippling us. They're the highest they've ever been. Are you hearing this on these news channels? You're seeing this on the ridiculous made up stuff on your Instagram reels or your death scrolling into oblivion. And it's just not true. I mean, you need to check your trauma against your facts and your drama against your facts. Inflation in 2024 was 3.4%. Inflation in 22 was 6.2%. In 1982, inflation was 7.4%. And in 1980 when Larry was 20, it was 12.4% and had been double digits for almost the previous 10 consecutive years. Interest rates in 1982 were 17.66% for a house. Today we're bouncing down there next to the bottom of 5 for a 15 year fixed rate as of this moment today, not hardly 17. Lie. You can't live on an average income in America today. The affordability crisis is real. Math says otherwise. Median household income is now $83,000 and the average household expenses are 78. Bad advice. Put everything on a credit card so you can get your points and your cash back. Thank you, Samuel L. Jackson. What's in your wallet? Must be your money off them commercials, buddy. Samuel's got him a little red rag and he just pulls around full of your money that he made off them commercials, man. And by the way, the guy at Capital One, he doesn't live in the lobby. He lives in a mansion that was paid for with your dollars because you had to put one of those things in your wallet. Because the truth is, credit card debt's at an all time high. 1.23 trillion. I've been cutting up credit cards for 40 years. I'm a failure, Abject failure. This thing is still breaking records every year. You're still getting screwed by these people year after year after year, all in the name of airline miles that you will never use. It's ridiculous. You just keep getting screwed and screwed and screwed by the capital ones and the fifth thirds and the Citibanks and enjoying the ride and then wonder why you can't afford nothing. It's always funny to me too, that we're petrified, frozen, paralyzed by a 5% mortgage interest rate. We're blocked out of the market while we use a 22.8% Citibank card. It's been illogical. People. Lie. Buying a car without a Loan is impossible. I heard that when I was 16 and I'm older than dinosaurs. You're always going to have a car payment. You ever heard that one? Might as well just get you a good car. Thank God it's Friday. Oh God, it's Monday. Just stuck. I'm a cog in the wheel. Ever heard this stuff like Eeyore is your spirit animal? Truth is, a new car nowadays is $42,000. And the average car payment is $748 on a brand new car. 20% of the cars that left the car lot last month were over $1,000 a month. I think we have an affordability crisis on our housing because we have a car payment in the driveway. As you got screwed by Citibank and Ford Motor Company. And they go down like a rock in value. That's where Chevy got that like a rock. Lie. Only poor people do a budget. Ramsey Solutions. We have a research department that did the largest study of millionaires ever done in North America. We studied 10,167 of them in great detail. When we discovered that 89% of them became millionaires on their own with not the use of inherited money, they did not become millionaires because of inherited money. Nine out of ten millionaires. And by the way, there's about 26,000 millionaires right now, 26 million millionair in North America right now. And a bunch of them are in this room, aren't you? And you did it yourself, your first generation. So if you determine that nine out of ten millionaires did it themselves, then you need to ask, what did they do? So you can do what they did. Like, if you want to be skinny, ask skinny people what they did. It won't involve donuts, right? So let's talk to somebody that's winning about something and study what we in business would call best practices, right? So we talked to these millionaires and we said, how many of you do a budget? 93%. When you ask the general public, how many of you do a budget? I'm broke. Don't ask me these questions. It's under 50%. So there's your little statistical analysis, cause and effect, correlation causation, if you will. If you're doing research right. Wow, bad advice. Set up an LLC and run all of your personal expenses through it. You can write them off. No, you can't. That's straight up illegal. You can only deduct business expenses. Well, it's a business. No, it's not a business expense to buy your groceries. That is your, your house. Electricity is not a business expense. Have you ever heard of a thing called an audit? They will come and take your stuff from you. They're called the kgb. I mean the irs. Lie. I'll never be able to retire in an economy and in an environment like this. Truth is, if you invest from age 22 to age 67, just $70 a month, you'd have a million dollars at prevailing market rates. And if you wait till age 30, you can still do it. If you invest only $170 a month, some of you spend that on pizza. Bad advice. Start a small business for easy passive income. Been running a business for a lot of years. We coach about 10,000 small businesses. Easy. Passive are not words that come to mind. Scratch, claw, fight, roll in the dirt and the mud and the blood and maybe make a profit. That comes to mind. Easy and passive. Bullcrap. Geez. Only on TikTok. Lie. I'll never be able to pay off my student loans. And yet people stand on the stage in the lobby of Ramsey Solutions every week and scream, I'm debt free. Because they paid off their student. Lo. And Jade Washaw will be out here in a few minutes. And she paid off over $280,000 worth. So just. Mic drop. Hello. Lie is the little man can't get ahead. There's always been something holding people back. There's always been noise and there's always been chaos and there's always been pessimists and there's always been negative ninnies and Debbie Downers. And there's always been legitimate roadblocks and hard things to get over. That's why when someone wins, we admire their success. Because we know they've sacrificed to do it. That they've scratched and clawed and put forth an unusual amount of effort to break away from the pack, the herd, to get out in front to do something different. But something wired them up, something fired them up, something made them believe. A different set of facts, a different set of beliefs. And they took a different set of of habits and of applications and as a result got a different set of results. Instead of being like everyone else and being normal. Cause normal just sucks. You don't want to be normal. I felt hopeless. Larry did, standing on the sidewalk. And then I started going, I think I can do this. And I started buying and selling real estate. And by the time I was 26, I had over $4 million worth. Starting from nothing, I did it stupid. Had way too much debt, about $3 million worth. We had a million dollar net worth and we ended up losing everything over the next two and a half years. And a lot of you have heard that story. And I remember standing in the shower losing everything and losing my hope yet again. First I was hopeless, and then I busted through that, went and became a millionaire. And then I lost it again and I lost my confidence. And I was so scared I couldn't breathe and I didn't know what I was going to do. And I really did feel victimized by the banking system and by the IRS and seemed like everything was stacked against me again. And then again I realized the real problem wasn't all that. The real problem was I had built a house of cards. And I shouldn't be shocked that it fell that I gave them access to my life and let them screw me. I signed up for stuff I couldn't do, just like people sign up for too much credit card debt, too much card debt and too much student loan debt. Same thing I did, except I did it with business debt. I hit rock bottom. I could have stayed there. And again I'm sitting around whining, y'. All. I thought whining was a little known form of prayer. Y' all ever whine? A buddy of mine said, you want some cheese with that wine? He said, you know, you've got enough lemons, you probably ought to make some lemonade and stop your dad gum whining. That's a good friend that will call you out, right? I said, alright. And I had just met God. I got to know him. Met him on the way up, I got to know him on the way down. And I started studying what the Bible says about money. And it was common sense. And I started applying it to our lives. And I started working one little step at a time. Live on less than you make. Get out of debt, have a plan, be generous. Grandma's common sense. And it shows up right there in the Bible. If you're sitting here and you're treading water and you're scared and you're facing your first hurdle like Larry, or your second set of hurdles, like me, like Dave after he went broke. I've done it twice. I'm so dumb, y', all, I'm here to tell you you can do it. You can do it. You can do it. A redneck hillbilly kid from Antioch, Tennessee, can become a millionaire twice. You, for God's sakes, can do it once. Zig Ziglar said, if you want something you never had, you got to do something you've never done. Culture's telling us it can't get better that you can get rich quick, there's a shortcut or you're stuck and you need socialism. Your communist college professor's telling you you need socialism. No you don't. You need the best time in human history in America today. You have the more opportunity at this moment to make more money than ever before at any time in history. You have so stinking much freedom if you'll turn off the stupid talking heads and the white noise and go be somebody. It's unbelievable what you can do. Stop listening to the hope stealers. They're wrong. They're wrong. The data says they're wrong. The proof text of people out here in the middle of this changing their lives right in your midst every day says they're wrong. Stop listening to them. It's time for you to take your money back. Create your free every dollar budget today. The simplest way to budget for your life.