How To Become A Millionaire On A Low Salary (You Can Retire Rich!)

If I asked 10 people if they wanted to become a millionaire, I bet that they'd all say yes - but let's be real, most people won't become a millionaire. Only about 5% of the American population are millionaires - and the rates of people who are able to climb from the bottom 20% of the population to the top 20% are low, forget about all the way to the top 5%. But, with all of that being said - it's still possible. And in today's video, we're going to cover how you can become a millionaire, even with a low salary.

0:00 It's hard to become a millionaire on a low salary
1:43 Investing isn't just for the rich
3:35 Focus on increasing your savings rate
5:21 Focus on buying assets, not liabilities
7:23 Stay consistent for the long-term
9:58 You can overcome the odds

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Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.