How Rich People Get Rich in 2023 (Secrets Revealed!)

Which path to wealth will you take to abundance? There are several different paths to wealth, and your journey may lead you down several different paths. In this episode, we’ll discuss the different paths to wealth, how you can maximize each one, and the easiest path to wealth.

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.

New shows every week on YouTube and your favorite podcast app. Thanks for coming along on the journey with us!

[nicholasshook]

I wish I grew up with financial knowledge. It’s unbelievable how decisions you can make in your teen years and early 20s can make such a dramatic difference

[kelvinjohnson]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[jordanmcmurray]

My father is a decamillionaire and had 4 children. Only one of us managed to not become a millionaire, the rest of us did it independent of inheritance by age 35 because of what our father drilled into us about finances. He lives in a modest 1400ft house and drives an average $30k car. I’ve always heard the 70% stat about second generation and it always surprised me. My father always prioritized child rearing over making money but the money came regardless. I think that is a large factor. The biggest contributor to wealth building is education and knowledge of personal finance. Mathematically almost anyone in the US can become a millionaire. Unfortunately many are simply never taught how or even worse told that the system is against them and they can never succeed so why even try.

[loganbenson]

Brian is such a great guy. That salt shaker compliment he gave Bo was heartwarming, and accurate!

You’re a salty bunch at the Money Guy family. Thanks for everything!

[BenBreard]

I was really nervous that Bo wasn't going to be excited about this show. man, did he come through in a big way and was *totally excited* about this show. Well done Sir! ;)

[elmateo]

I think they understate how important income is. You don't have to be a high end lawyer making $500k a year, but if you're earning $12 an hour becoming a millionaire is going to be very difficult. One of the best investments you can make is in gaining new skills to increase your income.

[AlexFlavell]

This installment is FIRE 🔥 🔥 Great job on this one y’all. 🤘

[RobertBeedle]

I wish everyone the best in their financial journey. These guys are both amazing. ❤

[reneegoncalves]

I also think it's just as important for our kids/grandkids to understand economic downturns such as losses in a 401k/IRA, mutual funds, bonds, and stock market. Preparing as developing savings for times such as these times.

[xxpowwowbluexx]

Going back to 1892 means the studies should be adjusted to include those with a net worth equivalent to what $1M today is worth.

[JesusGomez-nywu]

I’m 28 started making good money at 22, . I saved but not as much as I do since I’ve been following this guys. My account has grown so much because of them. Thank ya!

[spencerl-yfbg]

I'd be interested in seeing the percentages of people in these categories for billionaires, rather than millionaires. I'd imagine most billionaires fall into one of the first 3 categories (inheritance, virtuoso, risk-taker). Most are likely entrepreneurs/founders of highly successful companies. You can't become a billionaire just by saving/investing a regular paycheck.

[HDmanzano]

I needed this today. I’m pretty good with money, but that Tesla Model S has been tempting me all month. It can wait while my money gets put to work!

[MrPdiddy]

The discussion around talking to your kids is so helpful. I try to have this conversation with them on a weekly basis. Love the topic of deferred gratification and scarcity!

[adamjanecke]

Love the show but y'all need time stamps for these longer videos.

[chasewestlake]

What resource was used to determine the figure of 70% and 90% of wealth lost by second and third generation? Where can I find the source?

[roseroland]

I learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $80k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?

[beaglebrigade]

Great info. Thank you. I also appreciate that your videos are not littered with ads.

[The-Financial-Hooper]

I liked this video when the ‘Saver/Investor’ section began…. Ties right into Stealth Wealth!

[Kevintendo]

Great episode!! Just wondering why sometimes there are no time for questions?

I personally look forward to questions every episode