We all have our own savings goals and dreams of retirement, but difficult markets and high inflation can be quite discouraging. Sometimes it feels like you’ll never achieve what you’ve hoped for. So what’s the secret to building wealth and reaching those goals?
In this episode, Laura Stover, RFC® is joined by Darlene Tucker, CFP® and Kyle Davis who will break down an article about a path to $10 million and what it takes to reach a milestone like that. For many people, that might seem completely unattainable, but there are steps you can take now to maximize growth and get the best returns on your money.
The key to building long term wealth is consistency, having a plan, and identifying a destination you want to achieve. The numbers show that over time if you have an average rate of return that you’re comfortable with and a consistency in investments, the total returns emphatically produce favorable results. There will always be bumps in the road and issues to navigate, but with a good plan, you can overcome those things.
Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/
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How to Connect:
redefiningwealth.info
lswealthmanagement.com
Schedule a Review: https://redefiningwealth.info/schedule/
Timestamps (show notes):
6:13 – Inflation is top of mind right now
7:51 – Consistency and planning is key
11:06 – Start with process rather than product
14:09 – The magic of compounding interest
18:51 – Steps to take to reach that $10 million goal
22:17 – The value of having a quality team on your side
29:45 – Shifting your mindset as your approach retirement
33:04 – True planning gets into so much more than retirement accounts
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