I am a pending millionaire. Remember I said this in 2021. I’m also aggressively working towards generational wealth so my son will be a millionaire before he graduates college (if he decides to go).
How do I know this?
Because I have a 74-page financial plan outlined out until I’m 92 that shows what it looks like when I invest more, buy real estate or another RV, start a company, contribute to investments, etc. Because of this, I have security in knowing what I need to do to hit my goals and my family’s goals.
My favorite thing about the document is knowing that by investing a little more I can drastically change my retirement by millions (if I want), which depends on how much annual income I want in retirement.
If you don’t have one of these I highly recommend doing it- ASAP. Message my husband on Instagram @mikon923 to get you set up. He’s a wealth adviser and will absolutely crush it for you.
Don’t ever think it’s too late to start either. I didn’t get serious about my retirement and investing until I was in my 30’s. My only regret is not starting sooner.
Because of him, my entire perspective changed. I don’t see a $6000 Chanel bag anymore. I see $168,000 in retirement lost.
And like Jay Z said, “if you can’t buy it twice you can’t afford it.”
So every time I want to buy something – I tell myself I need to invest the same amount.
Secrets of getting rich:
- Pay yourself first
- Live on 20% of income
- Don’t lose money (ever)
- Invest in assets that cash flow
- Get passive income to exceed earned income
Once I started seriously focusing on #2, and investing the rest, my life changed.
Remember this year:
- US stock market is up +21%
- Housing market is up +15%
- Bitcoin is up 119%
- Inflation is up 5.4%
Meanwhile, your bank account is up:
You can’t just save. You need to invest. It’s the only option.
I hope you enjoyed this Money Monday!
If you’re interested in a financial consult just fill out this form by clicking here.