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Fidelity just hit a record number of 401(k) millionaires, but before you celebrate, let's take a hard look at what's really happening. In this episode, I dig deep into the latest Fidelity retirement report and reveal why this "milestone" might actually be a warning sign for anyone planning to retire on Wall Street's promises.

If you've been diligently saving in your 401(k), this episode is for you. Fidelity's numbers show that more Americans than ever have crossed the million-dollar mark in their retirement accounts over 1.1 million people between 401(k)s and IRAs. Sounds impressive, right? But as I break down these statistics, I'll show you the hidden risks behind this so-called success story.

The truth is, these new 401(k) millionaires didn't necessarily earn their way there through strategy or skill. The majority are benefiting from a long, unprecedented bull market. Sixteen and a half years of rising markets have made average savers look like investing geniuses but what happens when the market finally turns?

I'll unpack the real numbers behind the hype: the average millionaire in Fidelity's data is about 59 years old, has saved for 25 years, and contributes nearly 18% of their income (over 26% with employer matches). Yet, even with all that effort, they're sitting on just enough to generate about $30,000 a year in retirement income if everything goes perfectly.

That's not financial freedom. That's barely financial survival.

We'll also explore why most people don't make changes even when they're worried. Over half of Fidelity's investors say they're concerned about the economy, but only 5% have adjusted their portfolios. This is the danger of financial complacency believing the market will always go up.

In this episode, I challenge you to think differently about wealth and retirement. Instead of relying on hope and the stock market rollercoaster, I share why it's time to start creating real passive income through alternative investments assets that work for you no matter what Wall Street does.

If you've got significant savings but little to no passive income, you're not alone. I'll share stories of people who've reached out to me with millions in their accounts but only a few hundred dollars in monthly cash flow. The truth is, being a "401(k) millionaire" doesn't mean financial independence it means your money is trapped.

It's time to get your cash working harder for you, not the other way around.

I'll also share how you can start taking control with strategies like infinite banking, private lending, and other passive income investments that create predictable cash flow. And don't forget to check out my new book, The Work Optional Blueprint, available now on Kindle with the print version coming soon.

If you're ready to stop hoping for retirement someday and start building freedom today, this episode will open your eyes and your options.