N'DIGO - MoneySmart Guy Matthew Sapaula

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How You Can Still Be a Millionaire by 30, er 40, okay 60!

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Matt Sapaula

I am a proud father, financial strategist, TV commentator and financial talk show host of Money Smart Radio

It seems that the path to financial independence has taken a detour and set back many plans for several more years. One has to ask themselves, can I still be a millionaire by 30, 40 or even 50? Or even at all?

How many people do you know who have aired their deep concern with losing money in their 401(k) retirement plans or equity value of their real estate properties?

Is there a solution to all the financial and economic problems we are facing? How is the "lost generation" supposed to graduate from college and follow the dreams from four to five years ago that was so enticing before entering college?

How are young professionals who have begun to build upon their experience and accomplishments keep continuing to move forward? They face big speed bumps staring into a tough economy which includes massive layoffs, high interest credit card debt, large student loans to payback, snail-paced hiring decisions and job uncertainty?

While attending many networking events here with from from Facebook in Chicago, I bump into many skeptical parents who are raising young families.  They are earnestly seeking other opportunities "just in case" they become a business statistic.  Being a single father myself, these conversations run long.

During these times, I took an opportunity to spend some time with my mentor, Douglas Andrew on a retreat in Maui along with other friends in the financial planning community.  Douglas Andrew has authored several books on personal finance, retirement planning and wealth transfer including the NY Times best selling book Last Chance Millionaire: It's Not Too Late to Become Wealthy.

After drawing on his last 30+ years of his financial planning experience, I asked Douglas Andrew questions about what people should be considering now, in this new era of personal responsibility.

His answer was discover ways to "create your own stimulus", by rethinking how traditional financial planning is really ultimately eroding the value of our homes and soon-to-be-taxed retirement plans.

I also asked his son, Emron, and son-in-law, Scott, about how to choose the best investments, especially when nothing seems to be going right. Another question was related to how people straddled in debt can get on the path of early financial independence, if possible.

I think you'll find their answers intriguing!



FREE BOOK OFFER: I have (1) copy of their book, Millionaire by 30, in my office and I'd like to give it away!!! (Don't worry, these principles work and can be adjusted even if you're past 30, 40 or even 60 yrs old!)  Go to my radio show's website to find out the details...Click HERE

DISCLAIMER: This free book is not being offered by Chicago Now, related blogs, advertisers or sponsors.


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2 Comments

J-dub said:

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I watched the video, Matthew, and smiled at the advice to "pay yourself first". That's such a difficult notion for sooooommmmeee reason! LOL! But this is such prevailing financial advice that I'm beginning to think there actually must be something to it.

Now, any advice for keeping one's grubby little hands off the kitty once it starts growing? And shouldn't emergency money be put aside first before actually started any sort of investing?

Jean A. Williams said:

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Matthew, I'm also J-dub because I didn't realize I was signing on under a second profile created because ... well, I don't know why I have two! But the comment from J-dub is from yours truly. So, now you know! Still awaiting your response. :)

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