re: It costs a lot of money to live

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I'm talking about otherwise intelligent people who think they will be millionaires by 40 because they pay cash when they go out to eat. The 12% rate of return Ramsey uses to predict investment returns is unrealistic especially when factoring in inflation.

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If no one gets to factor in inflation, there are very few millionaires in this world.

But I get what you are saying. It's the steadfast message of Ramsey that bugs me, because while its right for all his callers, it's wrong for a large % of his listeners.