Market Bytes

Millionaire Status is Overrated. Focus on this instead.


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Millionaire status is all you hear about online, whether in articles, videos, or tweets. But achieving a million dollar net worth shouldn’t be your primary goal with investing at the start. In this episode of the Build Invest Live podcast we dive into how generating income to pay your monthly bills is a better goal and helps you build up the right habits to build wealth for the long term.


00:00-Millionaire is overused online

01:26-Why “just do this for 30 years straight” doesn’t work

05:27-Why millionaire status can be misleading

06:14-Net worth example

09:05-Connecting dividend income to your monthly bills

09:40-A better approach - an income snowball

15:39-Another way to get excited about investing for beginners


...more
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Market BytesBy Matt Derron

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