The Best Financial Strategies (BY INCOME!)

The Personal Finance Podcast

Andrew Giancola

Business, Investing, Entrepreneurship

4.7 • 1.4K Ratings

🗓️ 23 March 2026

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Andrew’s FREE Investing for Beginner’s Masterclass. Click the Link 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 breaks down exactly the best financial strategies at every income level, covering why survival mode at $30,000 or less is about building buffers and eliminating high-interest debt before anything else, why capturing your full employer 401(k) match is non-negotiable no matter what you earn, the exact order of operations for building wealth from $30,000 all the way to $500,000 and beyond, why a Roth IRA is one of the smartest moves you can make early in your career, how tax strategy becomes wealth strategy once you hit six figures, why the mega backdoor Roth and backdoor Roth IRA are tools too many high earners overlook, how real estate and alternative assets start making serious sense as income climbs, why working with a CPA instead of just tax software can save you more money than you realize, and why the financial question completely changes at the highest income levels from how do I build wealth to how do I protect, transfer, and leave a legacy worth having. Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Partner Deals Join the loyalty program for renters at joinbilt.com/PFP Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at http://Indeed.com/personalfinance Go to http://policygenius.com to get your free life insurance quote. Thanks to Fundrise for Sponsoring the show! Invest in real estate going to http://fundrise.com/pfp Go to Acorns.com/pfp and start automating your investments and get a $5 bonus today! Get 50% Off Monarch, the all-in-one financial tool at http://www.monarch.com/PFP DeleteMe: Go to https://joindeleteme.com/PFP20/ and Use Promo Code PFP for 20% off! Links of the Episode Mentioned: The Mega-Back Door Roth IRA (How to Get an Extra $43,500 in Your Roth!) Books: The Simple Path to Wealth by J.L. Collins The Millionaire Next Door by Thomas Jr. Stanley Little Book of Common Sense Investing by John Bogle Resources Mentioned in this Episode: Car Insurance Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel 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, the best financial strategies by income in
0:06.8	2006.
0:15.9	What's up, everybody, and welcome to the Personal Finance podcast. I'm your host, Andrew, founder of
0:23.4	MasterMoney.com. And today on the Personal Finance Podcast, we're going to be talking about the best
0:29.0	financial strategies by income in 2026. If you guys have any questions, make sure you join the
0:35.5	MasterMoney Newsletter by going to MasterMoney.com slash newsletter. And don't forget to follow us on Apple Podcasts, Spotify,
0:42.2	YouTube, or whatever podcast player, you love listening to this podcast on it. If you want to
0:46.7	help out the show, consider leaving a five-star rating and review on Apple Podcasts or Spotify.
0:52.3	Can I thank you guys enough for leaving those five star ratings and reviews?
0:55.2	They truly mean the world to us and are really, really helpful in helping us spread this message
1:00.1	that we believe anybody in this world can build wealth. Now today, we're going to have some fun.
1:04.6	We're going to dive into the best financial strategies by income because the one thing that I think
1:09.7	a lot of people need to realize is that
1:11.4	your income level is going to shift the way that you have to think about money. Now, we talk about this a lot in Master Money Academy where we teach people, hey, if you are making more money, well, your strategies need to begin to shift. For example, maybe you start to make more money and you're making 100 grand, then you're making 150 grand per year, then you're making 200 grand per year.
1:30.2	Well, at each of those different levels, Maybe you start to make more money and you're making 100 grand, then you're making 150 grand per year,
1:28.7	then you're making 200 grand per year. Well, at each of those different levels, you're going to have to change the way that you invest in retirement accounts. You're going to have to change your tax strategy. You're going to have to change the way that you think about money. You're going to have to change the way that you set up your financial plan so that you can make sure that you're optimizing where your dollars are going.
1:45.5	And so as your income increases, then the playing field changes.
1:49.7	Whereas if you were someone who is just starting out, you're going to have to do some very
1:53.0	different things than someone who has a lot of extra gap money available, meaning a lot of
1:58.1	extra left over at the end of the month.
2:00.2	You have to do two very different things. And so we're going to talk through this today and talk through some of the different strategies that each person needs to have based on your income level. We're going to start at the survival level where people making $0 to $30,000. If you are in that position, I'm going to show you exactly what to do. And I'm going to show you how to get your money right.
2:17.8	I'm going to show you how to pull that income lever so that you can increase your income over time. And we're going to go through that as well. Then we're going to go through $30,000 to $50,000, the foundational building phase, where we're going to figure out exactly what folks who are, maybe you're in an entry level job. Maybe you are working and have been working for a little while and you just want to know
	...

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