Ever wondered how that unassuming millionaire next door got their wealth? It's simpler than you think, and it starts with savvy saving and investing strategies that anyone can adopt. 🌟1. First, they stash away 3 months of expenses in a High Yield Savings Account, plus a month's worth in checking. 2. They grab that free employer match on their 401(k) – it's like free money! 3. Next up, tackling high-interest debt, especially those pesky credit cards. 4. They don't stop there; maxing out a Roth IRA is a must, utilizing a Backdoor Roth if necessary to keep their future earnings tax-free. 5. What's next? Always eyeing the next investment, be it real estate, a new business, or conservative investments, setting aside 10% of their salary. 6. Finally, they boost their 401(k) savings until they hit their retirement goal, which is their starting age minus 10 as a percentage of income saved. I see this blueprint unfold with clients in their 30s, and it blows my mind to think of the wealth they're building for their 50s. Ready to start your journey? 💼📈 #WealthBuilding#InvestingBasics#SavvySavings#finlit#financialliteracy#financialfreedom#financialeducation Hoskin Capital is a registered investment adviser. This platform is solely for informational purposes and is not offering advisory services or sales of securities. Investing involves risk and possible loss of principal. Comments by viewers and/or recognitions are no guarantee of future investment outcomes and do not ensure that a viewer will experience a higher level of performance or results. Public comments posted on this site are not selected, amended, deleted, or sorted in any way. If applicable, we may edit or delete personally identifiable information, scam/fraud messages, and misinformation.