使用Player FM应用程序离线!
The Easiest, Low-Hassle Way to Become a Millionaire (2nd Place isn’t even close)
Manage episode 444266674 series 2488671
This episode explores the easiest and most hassle-free way to achieve millionaire status.
According to Fidelity, the number of 401(k) millionaire accounts they manage has skyrocketed from 100,000 in 2017 to nearly 500,000 in 2024.
“The slow and steady approach to building wealth is the best way to become a millionaire today,” says David McKnight.
David explains why this method often outperforms owning real estate or running your own business when it comes to low-stress wealth accumulation.
He also delves into the stock market and the single greatest engine of wealth creation
Plus, David discusses one of the huge ways that makes 401(k)s a powerful wealth accumulation.
There are different ways to build wealth – each with its own “hassle factor”.
Directing your contributions to the Roth portion of your 401k is the best way to shield your 401k from the impact of taxes down the road.
Mentioned in this episode:
David’s upcoming book: The Guru Gap: How America’s Financial Gurus Are Leading You Astray, and How to Get Back on Track
David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code
PowerOfZero.com (free 3-part video series)
@mcknightandco on Twitter
@davidcmcknight on Instagram
David McKnight on YouTube
Get David's Tax-free Tool Kit at taxfreetoolkit.com
310集单集
Manage episode 444266674 series 2488671
This episode explores the easiest and most hassle-free way to achieve millionaire status.
According to Fidelity, the number of 401(k) millionaire accounts they manage has skyrocketed from 100,000 in 2017 to nearly 500,000 in 2024.
“The slow and steady approach to building wealth is the best way to become a millionaire today,” says David McKnight.
David explains why this method often outperforms owning real estate or running your own business when it comes to low-stress wealth accumulation.
He also delves into the stock market and the single greatest engine of wealth creation
Plus, David discusses one of the huge ways that makes 401(k)s a powerful wealth accumulation.
There are different ways to build wealth – each with its own “hassle factor”.
Directing your contributions to the Roth portion of your 401k is the best way to shield your 401k from the impact of taxes down the road.
Mentioned in this episode:
David’s upcoming book: The Guru Gap: How America’s Financial Gurus Are Leading You Astray, and How to Get Back on Track
David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code
PowerOfZero.com (free 3-part video series)
@mcknightandco on Twitter
@davidcmcknight on Instagram
David McKnight on YouTube
Get David's Tax-free Tool Kit at taxfreetoolkit.com
310集单集
所有剧集
×欢迎使用Player FM
Player FM正在网上搜索高质量的播客,以便您现在享受。它是最好的播客应用程序,适用于安卓、iPhone和网络。注册以跨设备同步订阅。