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Money Guy Show

How 595,000 People Reached MILLIONAIRE Status (And How You Can Too)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 22 October 2025

⏱️ 66 minutes

🧾️ Download transcript

Summary

More than half a million new 401(k) millionaires were created this year...you can be next. We unpack why the 401(k) is still the #1 path to wealth, the psychology behind automatic investing, and how small, consistent steps can build seven-figure futures. Then we dive into Financial Mutant questions, from Roth IRAs to real estate, and shares behind-the-scenes stories from the studio. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠NordVPN.com/MONEYGUY⁠⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

$595,000 millionaires were admitted using this tactic, and you can do it too.

0:14.5

And Brian, I am so excited about this because we love being able to share stories of how people can reach financial independence.

0:21.2

And for a lot of people, the road to financial independence has to pass through the two

0:26.5

comma club.

0:27.1

They want to hit that millionaire status.

0:30.0

And we know right now that there are 595,000 people that have been able to do that one very

0:36.9

specific way. Yeah, I mean, this is one,

0:39.2

we kind of look quarterly that this data gets released and it's kind of fun to celebrate

0:43.2

because there was a 16% jump in the amount of millionaires. And should we share about?

0:51.1

Let's show it to them. It's from Fidelity. You know, Fidelity is one of the largest 401K providers in the United States.

0:57.9

And once you know it, that 595,000 individuals at the end of quarter two, out of their 24.6 million 401K participants,

1:08.7

that's about 2.4% for those that are really quick with their math.

1:12.9

That's amazing.

1:14.0

And this is not incredibly surprising to us, while it may be incredibly surprising to you,

1:18.0

because we know that from various studies, whether it be the millionaire next door or from

1:23.0

the Ramsey Solution study, or even from us doing our millionaire survey, we know that a lot of

1:28.7

millionaires out there use the 401k as one of the very main tools to building their wealth.

1:35.2

And for a lot of folks, it is the account that actually crosses in to that seven-figure status.

1:41.3

And it sounds like that number, just like we saw from Q1 to Q2, is growing and

1:45.2

growing and growing. Well, I mean, if you just, if your only information source is social media,

1:50.0

you might be like, well, why would you do a 401K? From everything I see, I should be doing

1:54.6

whole life insurance and, you know, crypto and all these other things, because 401K is according

...

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