Key Milestones to Multi-Millionaire Status: Milestones #1 and #2

The First Two Milestones to Becoming a Multi-Millionaire: Are You on Track?

Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

[christianmartinez]

Hit 200k$ today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. God bless you ❤

[wildfoodietours]

Amazed at how quickly wealth builds after that first $100-200k! More than ready for the snowball!

[nvo_beejay]

I just found this YT channel about a month ago.. this channel is the definition of "not all heroes wear capes"

[GPGimli]

I am currently at 100k and I’m 23 I’m so glad I found this channel and will be continuing listen I appreciate yall

[lancobear]

Gonna be 38 this year and household net worth just broke the 1 million level. The next goal is to hit the 1 million in liquid by 40, then we're off to the stars and beyond. 🌟 🚀 🌙

[Aaronsutube]

I started following you guys a few years back, and watch your videos just about every day.
Years ago you were the only ones telling me to aim for 20-25%, and that's exactly what I did, because of your lofty goal-setting.

Pay raises became the perfect time to implement the 20-25% goal.

At lot of the information I have already learned from you, but I think each time you say it, it helps me internalize the concept of exponential growth.

Recently I passed one of your milestones, and in the next few years looking to pass another if God allows.

Thank you for your continued excellent lessons.

[davidx]

Characterizing investment returns as extra Roth/401k max-outs is utterly brilliant. Really shifts the thinking away from getting lost in portfolio returns and back to focusing on savings rate and acceleration.

[rayanderson]

Another amazing thing is the incredible growth after you surpass 7 figures. That first time the earnings exceed your income is beyond magical. Thats when you really think about quitting or shifting careers to something you enjoy more.

[DaveM-FFB]

This is so true. Saving the first $100K seemed to take forever!!! After that, it was so gratifying to watch the earnings exceed my contributions. Eventually, the earnings alone exceeded my annual income! That is the definition of financial freedom.

[LiamRappaport]

I was a lot more excited when I hit $200k than $100k. At $100k, your return % is your return (in thousands), but at $200k it’s double. It’s obvious, but it just feels much nicer.

[LiveWithStocks]

I got to 100K before the Covid season, but put all of that in a whole life insurance. This year, I surrendered the insurance and just got the money back for investment. My first 100k just survived but didn’t work for me for 4 years 😂

[stuartdavis]

36YO with $300k in Roth 401K and Roth IRA. $30k invested in HSA and $80k in traditional 401k.

On top of that we have two paid off rentals and wife will start her clinical therapy telehealth practice so we will be going from one income to two incomes.

I feel behind however I know that I am not. $15M is the goal by the time we are in our 60s.

[getinthespace]

Hard work pays off. Just Hit 40 years old.
Coming out of our messy middle this year, hopefully. Our income went way up with my wife graduating and getting her first Nurse Practitioner contract. Transitioning from spending massive amounts of money on tuition/clinicals to making great money.
As soon as we are debt free our investment rate is going from $1700/month to $12000/ month. 401A (me), Solo Roth 401k (wife), rest in outside retirement investments.
We are planning to invest 100% of her salary and live on mine. It will be awesome.
Can't wait to get our feet back underneath us and get settled in. This last few years was crazy.

[jaclynbriggs]

Great video. I really appreciate you guys.

[curtiswfranks]

Last year, my 401(k) grew by more than I put into it (the max), but slightly less than what I and my employer put into it. I am contributing a bit less to it this year because I cannot do better, but it is outpacing my employer and me combined.

[chrissawyer]

I hit the million dollars in my 401(k) retirement account in 26 years (this year at age 49). I have $150, 000 in a Roth IRA, and I have one house paid off and am buying another house. However, I still feel behind. Can anyone help me "rewire" my mindset?

[clipchamprazor]

What is this assuming you are putting the money into? Mutual Funds?