The 30 Day Steps To Build Generational Wealth

"Right now you can earn anywhere between four to five percent relatively safely for having a high yield savings account and that might mean the difference between earning 400 a year with one of these accounts to only twenty three dollars a year with the national average for every ten thousand dollars you have in your bank account"

"The general rule of thumb here is to keep that utilization at 30 percent but you've been lied to because it's been revealed that the average utilization ratio of someone of the perfect credit score is only six percent while the average person's was 28 so keep your spending under 10 of what's available to you every single month and you'll build a better score way faster"

"Put away 500 dollars a month assuming eight percent returns in the stock market you can become a millionaire by age 35 but that also assumes that you start at the right young age of zero but seriously the earlier you start the better off you'll be"

"If you can't put away 500 a month but you can do 200 you can still become a millionaire by age 45. that is assuming you start at age zero"

"In 2023 for example it was Ai and tech stocks that went up by a lot as Chad CBT became a household name so much so in fact that it was roughly 20 stocks mainly AI related that were propping up the S P 500 keeping it positive"

"A really cool trick is to transfer your balance to a new credit card with an introductory rate of zero percent which on average should give you about 21 months to pay off your debt at zero Interest"

"If you can increase your savings rate to 64 percent you can retire in about 11 years"

"A really neat trick is to put these stocks inside of a Roth IRA account and you can receive all the income from those dividend stocks completely tax-free"

"Saving 64 percent is really hard to do but it is possible if you can focus on increasing your income"