The Real Reason Why Millennials Aren't Wealthy | FFT
Millionaire Mindcast
Matt Aitchison
4.8 • 721 Ratings
🗓️ 30 October 2020
⏱️ 18 minutes
🧾️ Download transcript
Summary
In this episode of Millionaire Mindcast, Matty A dives deep! into why Millennials only own less than 5% of the nation's wealth. Tune in as Matty A. breaks it down on todays episode. Take notes and Enjoy!.
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Transcript
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| 0:00.0 | Welcome to the Millionaire Mindcast, where we broadcast weekly interviews with millionaire minds from across the globe to empower you on your journey of unlocking a rich and fulfilling life. |
| 0:16.8 | It's time to unleash your millionaire within. Now, here's your host, Maddie A. |
| 0:23.6 | What's going on, you guys, Maddie A here? |
| 0:25.2 | Welcome into today's show. |
| 0:26.9 | Today's episode is for all my millennials out there, |
| 0:30.0 | all my millennial wealth builders who are looking to get rich, |
| 0:34.0 | to build wealth, to create passive income, |
| 0:36.2 | to fund your lifestyle, as well as to just give you |
| 0:40.2 | more options for freedom, for impact. |
| 0:42.5 | You know, there was a big and shocking report released by the Federal Reserve this last |
| 0:49.2 | week about millennials and the amount of wealth that they do and or don't own depending on how you look at it. |
| 0:58.3 | And, you know, that to me was concerning because I know many of you who reach out and text me and |
| 1:04.9 | say hello and ask questions from the podcast. A lot of you are millennials that are out there hustling and you're grinding |
| 1:12.7 | and you're trying to get ahead. |
| 1:14.5 | And, you know, there's some big hurdles that obviously we as millennials have been up against |
| 1:20.2 | over the last, you know, decade or so that our parents and baby boomers were not exposed to. |
| 1:28.4 | And yet the reality of the situation is we are losing big when it comes to the wealth-building game. |
| 1:34.4 | And there are, you know, as I dug in and did more research, there are some very specific |
| 1:38.3 | reasons why millennials are losing. |
| 1:41.2 | And there are some very specific things that millennials are doing that are hurting |
| 1:44.9 | them that they could stop doing and there are just some overall things that they're not doing |
| 1:50.1 | altogether and so I'm going to break that down in today's show for you guys and if you're not a |
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