# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C8rm6TMNOu6
- **Gondola URL:** https://gondola.cc/posts/19852542-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/390f918d1b.jpg
- **Posted:** 2024-06-26T13:56:28.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

On June 14, financial guru Dave Ramsey posted on TikTok, asserting that anyone can become a millionaire. 

Ramsey noted that the average household income in the United States is $77,000. He explained that investing 15% of that income in good stock mutual funds at a 10% return from age 30 to 65 could yield $3.6 million. His caption stated, “It’s really that simple but it’s not easy. If it was easy, everyone would be millionaires.”

In the video, Ramsey reiterated this calculation, emphasizing that even if one is “half wrong,” they would still be in a good financial position. He added, “By the way, let’s look at the assumption on this. This person makes an average household income and for 35 years they did not get a raise.”

The comments on the post were mixed. One user expressed skepticism, saying, “After taxes and expenses, good luck saving 15%.” Another questioned, “Save 15% before or after tax? That matters.”
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#daveramsey

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