The 8 Stages of Building Wealth (and How to Set Money Goals)
The Personal Finance Podcast
Andrew Giancola
4.7 • 1.4K Ratings
🗓️ 28 October 2020
⏱️ 27 minutes
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| 0:00.0 | What's up everybody and before we get into the episode I just wanted to let you guys know that we're doing a contest where you can win my two favorite personal finance books. |
| 0:07.6 | It's the two books that truly changed my life and changed the way I saw money. |
| 0:11.4 | And that's Rich Dad, Poor Dad Dad and the Millionaire Next Store. |
| 0:14.8 | And if you want to get into the contest to win these books, all you have to do is leave a |
| 0:19.1 | rating and review on Apple iTunes, shoot me a screenshot to Andrew at dollar after dollar |
| 0:25.0 | dot com and you'll be instantly entered to win those two books. Thanks so much |
| 0:29.4 | and enjoy the show. On this episode of the Personal Finance podcast we're going to talk about the |
| 0:35.2 | eight stages of building wealth. What's up everybody and welcome to the personal finance |
| 0:57.2 | podcast I'm your host Andrew founder of dollar after dollar |
| 1:01.3 | dot com and today on the Personal Finance Podcast we're going to be talking |
| 1:05.9 | about the eight stages of building wealth and the reason why we're talking |
| 1:10.9 | about these eight stages is you need to know that your finances |
| 1:15.6 | come in waves and they come in phases. |
| 1:18.3 | And the reason why you want to understand these stages is so that you can hit your goal and level up each and every time that you hit a new |
| 1:25.6 | financial milestone. And that's what these truly are, these are financial milestones. |
| 1:30.8 | And as you go through these stages, you want to put together plans so you can get to the next phase. |
| 1:35.0 | Because you have to track and measure where you are with your finances so that you know exactly where you want to go. |
| 1:42.0 | Because knowing where you want to be in five years |
| 1:44.8 | to ten years allows you to put together plans |
| 1:47.8 | every single year so that you can put together |
| 1:50.3 | monthly plans and daily plans. |
| 1:52.2 | So you can take action every single day and have |
... |
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