George Kamel: How Working a 9-to-5 Job Can Make You a Millionaire

Core Insights - The Ramsey Solutions National Study of Millionaires reveals that many millionaires come from traditional careers and build wealth gradually rather than through high-risk entrepreneurship [1] Group 1: Income Maximization - Personal finance expert George Kamel emphasizes the importance of maximizing income at a primary job instead of relying on side hustles [2][3] - Kamel advises employees to seek clarity on growth plans with their leaders or consider changing jobs if they feel underpaid [3] Group 2: Leveraging Employee Benefits - Kamel highlights the significance of utilizing employee benefits to support wealth-building goals, such as 401(k) matches, which averaged 4.6% of earnings in 2024 [4][5] - Other beneficial programs include insurance offerings, tuition assistance, flexible spending accounts, and employee discounts [5] Group 3: Avoiding Lifestyle Creep - Lifestyle creep is identified as a major obstacle to wealth accumulation, where increased income leads to higher spending on luxuries [6] - Kamel suggests maintaining a budget and living within means to allocate more funds for investment [7]