3 Tips on How To Become a Millionaire With A Small Income (#203)

Episode Summary: In this episode of "Financial Advisors Say the Darndest Things," AB Ridgeway debunks the myth that only those born into wealth can become millionaires. He breaks down three key levers to achieving financial prosperity, emphasizing the importance of time, consistency, and smart investment strategies.

Key Takeaways:

1. The Power of Time: Ridgeway stresses the significance of time in accumulating wealth. Through compounding interest, investments grow exponentially over decades, showcasing the value of long-term financial planning.
2. Consistency in Investing: He emphasizes the need for consistent investing, regardless of one's income level. By starting early and contributing regularly, even modest earners can build significant wealth over time.