Interrupter CheckmarkInterrupter IconFacebookGoogle PlusInstagramGroupRamsey SolutionsTwitterYouTubeExpand MenuStoreCloseSearchExpand MenuBackStoreSign in
Skip to Main Content

Tax Pro vs. File Your Own? Take Our Quiz!

Middle-Class Millionaires

If you are one of the unlikely millionaires who made all your money with your Discover Card bonus points, then stop reading. You won't like this story.

There are now 8.4 million households in the U.S. with a net worth between $1 million and $10 million. The number of middle-class households that are turning into rich households is growing at a rate of 15% a year. Even though the nation as a whole is getting into debt more and more each year, the people who do it right (living on less than they make) are still thriving.

What It Takes to Keep It

A funny thing happens when people finally hit a seven-figure net worth ... they stick with the middle-class values that got them there. They don't run out and buy a $50,000 sports car. They choose their next house based on the quality of the schools and not based on the maximum monthly payment that they can afford.

Be confident about your retirement. Find an investing pro in your area today. 

A person who earns their millions knows what it takes to keep their millions. When you earn and build wealth like that, it changes you. Since it took you many years to make your money, you manage it carefully because you know what it took to get it. You don't want to make a stupid decision and lose the money because it would mean earning it all over again. You paid the price to win once; so stick with that same lifestyle—it means you're winning!

So What Is This Lifestyle?

It has nothing to do with car payments, credit card debt or 90 days same-as-cash. Don't try to get fancy with your money. Keep it simple and do things like your grandmother used to do. Save up and pay for things, and you won't have to worry about collectors or interest rates ever again.

It's all right to own nice things that you pay for with cash. But when you have to make payments, the stuff owns you, not the other way around. Staying away from payments and saving that money instead is what makes you wealthy. You've just seen the numbers that prove it's true. Middle-class people who do rich people stuff become rich people.

Brought to you by Dave's online community,

Get started now with Dave's bestselling book, The Total Money Makeover.

Ramsey Solutions

About the author

Ramsey Solutions

Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners.

Related Articles

Understanding traditional IRA withdrawal rules.

What Are Traditional IRA Withdrawal Rules?

6 Minute Read | Retirement

In exchange for the tax benefits that come with investing in a traditional IRA, there are some rules on withdrawing your money that you need to know. Let’s walk through it.

Chris Hogan Chris Hogan

What is a SIMPLE IRA

What Is a SIMPLE IRA? And How Does It Work?

9 Minute Read | Retirement

Whether you run a small business or work for one, trying to figure out how to get started with retirement savings can seem tricky. But it doesn’t have to be! Here’s how a SIMPLE IRA can help.

Chris Hogan Chris Hogan

A rolling pin.

How to Roll Over an Old 401(k)

8 Minute Read | Retirement

Did you know that the average person will have 12 jobs over the course of their careers? All that job-hopping could leave you with 401(k)s scattered all over the place. A 401(k) rollover can fix that!

Chris Hogan Chris Hogan

Thank you!  Your guide is on its way.

Build Long-Term Wealth 

Build Long-Term Wealth

Work with an investing pro and take control of your future.
Get Started

Build Long-Term Wealth

Work with an investing pro and take control of your future.
Get Started