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The Personal Finance Podcast

How to Become a True Millionaire (and Build Generational Wealth!)

The Personal Finance Podcast

Andrew Giancola

Investing, Entrepreneurship, Business

4.71.4K Ratings

🗓️ 6 January 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

Episode 35: How to Become a True Millionaire (and Build Generational Wealth!) In this episode we cover:  What it means to be a true millionaire  Why it is a skill  What to invest in How to manage your money  Stuff I Recommend!  M1 Finance Best Place to Invest  Personal Capital Free Wealth Management and Budget App  CIT BANK (Best Savings Account) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

On this episode of the Personal Finance Podcast, we're going to talk about how you can become a millionaire. What's up everybody and welcome to the personal finance podcast. I'm your host

0:27.3

Andrew founder of Dollar After Dollar.com and today we're going to talk about how you can become a millionaire.

0:36.0

And part of the reason why I started the personal finance podcast is I wanted to teach as many people as possible that you can build true wealth.

0:43.6

And building true wealth is going to allow you to provide for your family

0:47.0

for generations to come.

0:49.4

But what a lot of people think is that a millionaire status

0:52.2

is a pie in the sky dream and that most people can't achieve it but guess what you can achieve millionaire status and there's so many ways that you can do it and what I'm going to do is lay out the groundwork for you today to show you how you can actually become a millionaire.

1:06.5

And there's very specific action items that you can take to become a millionaire.

1:12.0

And maybe this is the year you finally get started.

1:14.0

This is the year that you finally push in that direction.

1:17.0

And if you listen to the last episode talking about goals,

1:20.0

using that system to create goals and

1:22.8

and systems that you put together

1:25.2

so that you can pursue anything you want to achieve

1:28.1

is going to be the propeller

1:30.1

in terms of how you become a millionaire.

1:31.7

So if you haven't listened to the goals episode,

1:33.4

the very last episode prior to this,

1:35.4

go ahead and listen to that episode.

1:37.4

Because what we're going to talk about today

1:39.8

is how you build a system surrounding becoming a millionaire, because it's not as difficult as a lot of people may seem.

1:45.6

And sometimes you don't have to be a high earner. In fact, 33% of millionaires in the US today

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