How To Become Wealthy

The three-step plan for becoming financially wealthy and how to be wealthy without the money.In this episode you’ll learn:The results of two recent surveys on wealth, investing and retirement planning.How much money do people believe they need to consider themselves wealthy.How is wealth distributed across the U.S. population and how wealthy are Americans?Why you need a simple financial plan.What are the three steps to becoming financially wealthy.How to live like you are already wealthy.Thanks to WIX and Sleep Number for sponsoring the episode.For show notes and more information on this episode click here.[0:16] Schwab and Stash survey results.[2:49] Saving vs. living paycheck to paycheck.[4:29] How much does one need to be considered wealthy?[7:44] The value of social security.[9:23] The historical distribution of the country’s overall wealth.[11:33] The importance of having a plan.[13:38] Step One: increase your income.[15:10] Step Two: increase your savings percentage.[16:44] Step Three: increase your investment returns.[23:57] It’s not about optimization. It’s about diversifying and learning.[25:20] How to live like you are wealthy today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.