1904: The Percentage Of People With No Wealth Outside Their Home Is Sad by Sam of Financial Samurai on Build A Nest Egg

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

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🗓️ 27 May 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam of Financial Samurai shares why the percentage of people with no wealth outside their home is sad. Episode 1904: The Percentage Of People With No Wealth Outside Their Home Is Sad by Sam of Financial Samurai on Build A Nest Egg Sam Dogen's net worth took a beating in 2009 as the world was falling apart. He thought it would be a good idea to start a personal finance site to help himself and others make sense of chaos. After all, he had spent 10 years working in the finance industry, got his MBA from Cal, invested and saved aggressively, and still got financially rocked! Since then, more than 20 million visitors have stopped by FinancialSamurai.com. The original post is located here: https://www.financialsamurai.com/percentage-wealth-outside-primary-residence/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	At Eon Next, we believe life's better when you know you can get your hands on discounts
0:05.5	across a range of home energy solutions, like boilers and solar panels, so you can treat
0:10.4	your home to a bit of future-proofing.
0:12.8	We think that makes energy a little bit better, and that's why we're always working towards
0:17.6	helping you get more out of your energy.
0:20.2	So visit eonnext.com today.
0:22.4	Discounts available to Eon Next customers in 30th of December 2023, Teas and Seas, eligibility
0:27.2	criteria and geographical restrictions apply.
0:30.2	This is Optimal Finance Daily Episode 1904.
0:34.2	The percentage of people with no wealth outside their home is sad.
0:38.9	By Sam of financialsamurai.com, and I'm your host and personal finance enthusiast, Diana
0:45.3	Mariam.
0:46.3	Now let's get to today's post as we optimize your life.
0:54.2	The percentage of people with no wealth outside their home is sad.
0:58.5	By Sam of financialsamurai.com.
1:02.7	The percentage of people with no wealth outside their home is sad.
1:06.8	Home ownership is a great way to build wealth for the average person.
1:10.7	However, it's also important to diversify into other investments.
1:15.9	I recently stumbled across a fascinating chart by Deutsche Bank, highlighting that more
1:21.0	families than ever before have zero or negative non-home wealth.
1:27.2	In other words, roughly 30% of households have no 401k, no IRA, no aftertax investment
1:34.3	account, no private equity investments, no venture debt investments, no nothing beyond
	...

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