RL191 — 10 Practical Steps to Wealth Building Success.
Manage episode 386540901 series 3197371
In this episode of the Retirement Lifestyle Show, Roshan Loungani and Adrian Nicholson go through the 10 seeds of wealth building. They cover the benefits of being frugal, ways to beat inflation, and how to get the most out of compound interest.
[00:00] Introduction
[02:53] Think Wealth
[06:47] Why You Need to Start Being Frugal
[08:10] Rich People Stay Rich By Living Like the are Broke
[10:57] Wealth is Built on Profit-Ability
[15:23] Get Out of Debt
[20:35] The Difference Between Good and Bad Debt
[23:28] Don't Just Save, Save Urgently
[27:25] Consistently Track Your Net Worth
[29:26] How to Beat Inflation
[31:15] Minimize Risk and Reduce Your Odds of Losing Money
[33:32] Taking Advantage of the Power of Compound Interest
[35:12] The Average Holding Period of US Stocks in 2022
[39:48] The Ultimate Goal of Being Wealthy
[42:11] Parting Thoughts
Roshan can be reached at roshan.loungani@aretewealth.com or at 202-536-4468. Erik can be reached at erik.olson@aretewealth.com or 815-940-4652. Adrian can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905.
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All opinions expressed by podcast hosts and guests are solely their own. While based on information they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional.
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