RL191 — 10 Practical Steps to Wealth Building Success.

Retirement Lifestyle Show with Roshan Loungani and Adrian Nicholson

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 [email protected] or at 202-536-4468. Erik can be reached at [email protected] or 815-940-4652. Adrian can be reached at [email protected] or at 703-915-8905.

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Website: https://retirementlifestyleshow.com/

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https://www.linkedin.com/in/roshanloungani/

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https://www.linkedin.com/in/financialerik/

https://www.linkedin.com/in/adrian-nicholson-74b82b13b/

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