How to Build Wealth with a Low Paying Job BY AGE

Money Guy Show

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

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

4.6 • 2.8K Ratings

🗓️ 22 November 2019

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

You've been lied to! The vast majority of millionaires don't build their wealth overnight. There are real and tangible ways anyone at any age can build wealth and become a millionaire!

In this episode, we reveal the average salary of each age group (20s, 30s, 40s, and 50s), how much you should realistically be investing in each decade based on those salaries, and what the incredible outcome will be if you follow this strategy.

For more information, visit: https://www.moneyguy.com/2019/11/build-wealth-with-a-low-paying-job/

Transcript

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0:00.0	How to build wealth with a low paying job.
0:04.1	And guess what, we're doing this money guy style by age.
0:07.8	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:14.7	investing, taxing.
0:16.5	You've got financial questions, he's got financial answers.
0:20.1	It's Brian Preston, the money guy.
0:23.6	Brian, I'm so excited about this one because we get this question all the time about folks
0:27.8	who are in their 20s and that's okay.
0:29.9	What do I do?
0:30.9	And then there are 30s.
0:31.9	Okay, what do I do?
0:32.9	And 40s and 50s.
0:33.9	Okay, what do I do?
0:34.9	Well, the thing that we think's beautiful about finances and wealth building and building
0:38.2	to abundance is that it's never too late if you're willing to put the work in.
0:42.9	If you're willing to go do the hard work, you can set yourself up for success and we
0:46.8	want to kind of walk you through that in today's show.
0:48.9	Well, it's also, I get so excited about this topic, Bob, because, and this isn't the
0:53.8	first time I've covered this before, but I felt like we left a little bit of low lying
0:57.8	fruit out there.
0:59.1	So we kind of came back at this and we got some numbers.
1:01.4	If you're an analytical person or if you want to know some type of scope to measure yourself,
	...

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