451: The 9-Step “Stairway to Wealth” That ANYONE Can Use to Become Rich
This “financial order of operations” could be your ticket to financial freedom. If most Americans followed these steps, they would find themselves debt-free, with full retirement accounts, passive income, and “wealth-accelerating” investments that only top-income earners can access. But you don’t need to make hundreds of thousands of dollars a year to follow this “Stairway to Wealth”; you just need to follow these steps!
Andrew Giancola from The Personal Finance Podcast built the “Stairway to Wealth” after realizing that the common wealth-building plans, like Dave Ramsey’s “Baby Steps,” wouldn’t fit most people’s lifestyles. Instead, Andrew worked to develop a system that almost anyone could use, one that was tailored to TODAY’s financial environment and gave people more of a choice when it came to their investments.
Following this nine-step plan, you can go from low cash and high debt to debt-free, financially safe and secure, and invested for your future. Whether you’re starting on step one or step nine, this type of financial framework can make financial independence and early retirement MUCH easier.
In This Episode We Cover
The “Stairway to Wealth” financial order of operations ANYONE can use to build wealth
Emergency reserves and why the “$1,000 standard" amount ISN’T enough
Roth IRAs, 401(k)s, and which retirement accounts to invest in
Paying off debt and which interest rate is worth tackling first
The “wealth accelerators” that boast massive returns but with higher risk
The “super retirement account” that most Americans don’t know about
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
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Scott's Instagram
Mindy on BiggerPockets
Grab Scott’s Book, “Set for Life”
Listen to All Your Favorite BiggerPockets Podcasts in One Place
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Podcast Talent Search!
Money Moment
Learn from Other Real Estate Investors on the BiggerPockets Forums
Start Your Real Estate Investing Journey with the “BiggerPockets Real Estate” Podcast
Are Dave Ramsey’s 7 Baby Steps Overrated
Master Money
The Personal Finance Podcast
The “Stairway to Wealth”
Andrew on BiggerPockets
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