How to Build Generational Wealth in 5 Easy Steps
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GET A JOB
Find a job that makes decent money. You're probably not going to love what you are doing.
It's work. If it was fun, they'd call it fun.
Find a job that makes decent money. You're probably not going to love what you are doing.
It's work. If it was fun, they'd call it fun.
GET OUT OF DEBT
The #1 thing holding people back from becoming wealthy is debt.
• Student debt
• Credit card debt
• etc.
Pay it down!
The #1 thing holding people back from becoming wealthy is debt.
• Student debt
• Credit card debt
• etc.
Pay it down!
BUILD AN EMERGENCY FUND
You never know when you are going to need an emergency fund until you do.
Build an account with 3-6 months worth of expenses. You're going to want this if shit ever hits the fan.
You never know when you are going to need an emergency fund until you do.
Build an account with 3-6 months worth of expenses. You're going to want this if shit ever hits the fan.
INVEST
You have a good job.
You are making a steady income.
• Open a Vanguard account
• Set a reoccurring investment into a low fee index fund ($VTSAX)
• Wait and let compound interest do its thing
• Thank me later
You have a good job.
You are making a steady income.
• Open a Vanguard account
• Set a reoccurring investment into a low fee index fund ($VTSAX)
• Wait and let compound interest do its thing
• Thank me later
MAKE MORE
You're comfortable with how things are.
You're on your way to Financial Freedom, but you want to speed up the process.
• Start a side hustle
• Begin freelancing
• Buy a rental property
You're comfortable with how things are.
You're on your way to Financial Freedom, but you want to speed up the process.
• Start a side hustle
• Begin freelancing
• Buy a rental property
Anyone can follow these steps:
https://twitter.com/austinschless/status/1414650682926317571?s=20
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