The "Stairway to Wealth" That Leads to Financial Freedom
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- Опубликовано: 27 июл 2024
- Episode #451
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.
Show Notes at:
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00:00 Intro
01:52 Money Moment
02:24 The "Stairway to Wealth"
05:29 Build Your Financial Foundation
11:00 Pay Off High-Interest Debt
11:36 Build Your Emergency Reserve
19:36 Start Your Tax-Advantaged Accounts
23:09 Real Estate, 401(k)s, and Wealth “Accelerators”
26:45 Take Care of Retirement FIRST
32:49 The Grind to Wealth
45:05 Connect with Andrew!
45:39 Get Your Finances in ORDER!
Please give credit to the Money Guys order of operations.
This is the @moneneyguyshow even down to the way he talks other than the real estate like others mentioned. Guess there's a reason they refer to Dave more than anything to take you away from where the content mostly came from. My opinion though right or wrong
Dave’s 1k is a STARTER emergency fund for broke and in debt people.
His stage 2 (normal) emergency fund is 3-6 months expenses. This has always been his teaching.
Anyone else notice this is almost word for word the same 9 steps, as the money guy show? He even calls it the same thing... Seems just like a rip off of another content creator
Yep. Exactly the same as The Money Guy Financial Order of Operations (which they literally refer to it as in the video) except with real estate tossed into Step 5, which I guess is to be expected from a real estate-focused finance channel.
My 1st thoughts as he was talking, and he even mentions the "Guys" early in the podcast....I'm going to listen but my guess is that it's just the FOO.....but does he have a downloadable that I can laminate?
Just DO The FOO!!!!😂😂😂
Exactly! At least give The Money Guy credit for these steps.
Most of these financial gurus offer the same thing so it all starts to sound the same
Sorry Scott, but "financial mutants" (surprised this guy didn't take that term😎) aren't comparing these steps to Dave Ramsey, but to "The Money Guy's" FOO (Financial Order of Operations). The only subtle difference is his talking about real estate, which is why I guess he's on your show/channel. The real estate is however actually contradictory to his order, as investments in alternative assets should come later on. He seems to plop it in the middle...but hey, to each his own...but seriously...he is just espousing TMG's principles....Don't F' with the FOO!!!!! Mutant out!!!😂
Mutant out!
Nuff said!
Just make sure you PEEL the bananas before freezing!
HSAs are great if you like to use a lot of "Alternative" medicine...many do not take insurance, however they are covered by the HSA...caveat is that alternative medicine tends to be super expensive....
Bingo! Our child is having a neurodevelopmental audiology appointment tomorrow and she doesn't accept insurance and thus is "out of network"--$615 OOP but will be fully HSA reimbursable. Also, not all HDHCPs are created equally; my husband's high deductible plan has the same deductible and a LOWER max OOP than the PPO available from my work. Also, it's half the price per pay period and his employer deposits $1500 to the HSA yearly when the HDP is elected.
Also disappointed in this episode like others for similar reasons. Too many of these “steps” are taken from other creators or gurus. At least give them the credit instead of taking it for yourself. Example, “boring businesses” is from Codie Sanchez. Just give credit where credit belongs.
Money guys ripoff
Yeah but 3 months is just fine for some people. For example my job is super secure and if my husband gets laid off we can live off of just my salary so it’s silly to have more than that when it could be working for us in the market 👀
It’s $1000 so you don’t get comfortable and stay on that step, plus MOST emergencies can still be covered with that amount
Lol that's not even enough to eat for 4 weeks
This was such a Money Guys rip off lol. They should have just let this guy say “Money team out!” At the end of this podcast.
Wow , I am a big fan of the Money Guy Show , have watched almost every episode , and this guy has really just copied word for word what they discuss on their show ..as well as the Financial order of operations. He is just a copy cat. Please please give credit to “The Money Guy Show “ for EVERYTHING this guy said.
A emergency fund for your emergency fund