Millennial Millionaire

Millennial Millionaire Ep. 88 - 4 Steps to Financial Freedom


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In this solo episode of the Millennial Millionaire Podcast, I break down the 4 essential steps to building wealth and increasing your net worth. Drawing from his own journey—from having a negative net worth to building a seven-figure financial base— I reveal the mindset shifts, income strategies, and investment habits that set the wealthy apart.

You’ll learn:

Why making six figures is just the baseline for financial independence.

How to identify your financial “nut” so you know exactly what it costs to live.

Smart ways to reduce your tax liability and keep more of what you earn.

The power of dollar-cost averaging, real estate leverage, and consistent investing.

Whether you’re an entrepreneur, in sales, or just looking to take control of your financial future, this episode gives you the tools and mindset to start building lasting wealth today.

Chapter Markers:

02:08 – Assets vs. liabilities explained

04:25 – Step 1: Increase income (hit six figures)

10:20 – Step 2: Identify your financial “nut”

15:00 – Step 3: Reduce your tax liability

22:29 – Step 4: Invest smart (cost averaging & leverage)

28:46 – Real estate & house hacking

32:26 – The broken retirement system

If this episode gave you value, make sure to subscribe so you never miss new strategies on wealth, mindset, and freedom. Like this video, drop a comment with your biggest takeaway, and share it with a friend who’s ready to level up their financial game. Your support helps us grow this community and bring even more life-changing conversations your way.

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Millennial MillionaireBy Steven Cohen