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The Personal Finance Podcast

How to Build Your First $1 Million (Faster Than You Think)

The Personal Finance Podcast

Andrew Giancola

Business, Investing, Entrepreneurship

4.71.4K Ratings

🗓️ 28 January 2026

⏱️ 42 minutes

🧾️ Download transcript

Summary

Join the Free Master Your Money Workshop here! Get the Free Automate Your Money Checklist here! Join the community built to help you master your money, stay accountable, and reach financial freedom.  👉 Join Master Money Academy today! In this episode of The Personal Finance Podcast, Andrew reveals the exact path to your first million, 79% of millionaires are self-made and 33% never earned six figures, teaching the 8-step system including automating investments, avoiding debt, maximizing retirement accounts, and using wealth accelerators like business ownership and real estate. Listen to The Business Show here. Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Partner Deals Go to http://acorns.com/pfp and start automating your investments and get a $5 bonus today! Join the loyalty program for renters at joinbilt.com/PFP  Go to http://policygenius.com to get your free life insurance quote. Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at http://Indeed.com/personalfinance Thanks to Fundrise for Sponsoring the show! Invest in real estate going to http://fundrise.com/pfp   Find your next dream home, start searching now. Download the Realtor.com app today DeleteMe: Go to https://joindeleteme.com/PFP20/ and Use Promo Code PFP for 20% off!   Links of the Episode Mentioned: How to Build Wealth on a Low Salary How Long it Takes to Go From $100K to $1 Million Ebook: Get that Raise Book: The Millionaire Next Door Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel The Millionaire Next Door 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, how to build your first million and do it faster than you think.

0:14.6

What's up, everybody, and welcome to the Personal Finance Podcast. I'm your host, Andrew, founder of mastermoney.co.

0:22.2

And today on the personal finance podcast, we're going to be talking about how to build

0:26.4

your first million and do it faster than you think. If you guys have any questions,

0:31.1

make sure you join the master money newsletter by going to mastermoney.com slash newsletter.

0:37.0

And don't forget to follow us on Spotify, Apple

0:39.1

Podcast, YouTube, or whatever podcast player, you love listening to this podcast on it. If you want to

0:44.5

help out the show, consider leaving a five-star rating and review on Apple Podcasts, Spotify,

0:49.9

or your favorite podcast player. Now today, we're going to be talking through the process of

0:55.4

getting to your first million dollars. One of my favorite topics to talk about is how to get

0:59.9

to your first 100,000, because getting to your first 100,000 makes a big difference when it

1:05.2

comes to compound interest and you can watch that take over. But in this episode, what I want to

1:09.8

talk through is, A, if you haven't

1:11.7

gotten to your first 100,000 yet, there's nothing wrong with that. But B, we want to talk about how

1:16.3

to get from that 100,000 all the way up to a million. We're going to talk through just some of the

1:21.6

statistics behind millionaires and what we see with a lot of millionaires out there. But in addition,

1:26.3

we're also going to be talking through how long it takes you to go

1:30.1

from having your first 100K all the way to getting a million.

1:33.4

And then I'm going to give you step by step what I would do if I was starting over

1:36.8

trying to get to my first million dollars.

1:40.2

Now, when I first started my wealth building journey, I thought that millionaires were folks who

1:45.1

lived the high life. They lived in a really nice house. They drove Lamborghinis or Ferraris. They had the

...

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