How to Go From Broke to Rich in ONE Year 4 Paths to Wealth

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28 Oct 2022

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Let’s talk about how to actually go from broke to rich in 2022. I was once completely broke and now I have a net worth of over $1M. Which is something I am very proud to have accomplished.

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So, today I will be sharing my path as well as be taking a look at 4 paths to go from broke to rich, what assets categories rich fall into, and the magic millionaire mindset.

Timestamps:
Intro (0:00)
Path #1: How to Get Rich for Sure (1:11)
Path #2: Fastest Way to Get Rich (3:25)
Path #3: Great Way to Get Rich (6:35)
Path #4: Crazy Way to Get Rich (8:40)
Millionaire Mindset: (9:58)

Here’s the thing and what many people won’t tell you. Wages and salaries are taxed as ordinary income which can be over 50% when you take into consideration federal AND state taxes.

So for example, even if you earn $400,000, you could be really left with $200,000 after taxes, which makes path #1 slower to becoming rich.

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).