4.6 • 2.8K Ratings
🗓️ 22 March 2024
⏱️ 41 minutes
🧾️ Download transcript
What do you need to be investing to become a millionaire? In this episode, we’ll discuss the four biggest things you need to know to build wealth in each decade, and how you can become a millionaire.
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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.
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0:00.0 | How to become a millionaire by age? |
0:02.4 | I am so excited about this because I think we all have this idea. I want to be a |
0:13.8 | millionaire. Even if we want to be multi-millionaires because we understand |
0:18.2 | how the value of money changes through time. What I love about this show what I love about what we're going to talk about |
0:23.8 | today is that it is not an inescapable goal. It is not something that is not attainable |
0:28.8 | for most folks if you just understand the things that I should be doing and maybe also the things that |
0:34.1 | I specifically should not be doing. |
0:36.4 | And I want our audience to follow the thread that I think this is why I love how everything |
0:41.9 | is so integrated with the Money Gosh show is that we talk about how to become a millionaire by age, but it also is hitting upon the pillars of the three ingredients to wealth. |
0:52.0 | When I'm talking about the three ingredients, |
0:53.8 | I'm talking about, of course, discipline. |
0:55.8 | You live on less than you make |
0:57.1 | so you can create margin in your life |
0:59.0 | to have the second ingredient, which is turning that discipline |
1:02.0 | into money. And then you invest that money with enough |
1:05.9 | time the third ingredient that is actually the recipe for success and here's what's cool |
1:11.5 | if you're young meaning you have an abundance of time and your discipline, it doesn't require as much money. |
1:18.0 | And you can work with these ingredients and figure it out. So we want to walk through because it is going to be different for a 20 year old |
1:23.7 | than it is for a 50 year old so I think it's nice to tell you by age what you can consider |
1:29.1 | and what you can control to maximize your journey. |
1:31.5 | And here's what's what's amazing. |
1:32.6 | It's so simple, it's so beautiful, |
... |
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