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The Importance of Saving and Investing
In the largest study a millionaire has ever done in North America, we did it here at Ramsey. We discovered that the typical way someone gets their first one to five million is they have a paid off house and good mutual funds. Why do people sometimes go all in on the money they have or 90% of their money on things that have a 1% chance of actually getting more than a double return within a year? Being the tortoise versus the hare is not human nature. Our brains are wired by God for efficiency. They thought this is the least calories to burn to get to the goal.