Are You On Track to Becoming a Multi-Millionaire? (Don’t Miss These Important Milestones!) 

If I had a dollar for every time Bo said “I am so excited about this”. I would be on track to be a millionaire.

Only if a good amount of folks do what you guys teach, just imagine how many millionaires we already have or will have in the future. Not the sad statistics where at least 50% of people are living paycheck to paycheck, even for high income earners. Great contents as always!

1. First 100k 2. Portfolio growing more than you’re saving 3. $1 million net worth (total, not just liquid) 4. $1 million net worth (liquid) 5. Portfolio growing more than your salary 6. Financial Independence

Brian: One day you’re gonna be my age People older than Brian: 😮

Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

I'm 25 now. Since 22, I went from -$80k to +$100k in net worth. Watching you guys keeps me motivated so thank you for all you do!

The wife and I just hit the $1mil mark this year at 34. Focusing on after tax brokerage contributions now!

Love the content but one step is missing. The most rewarding financial milestone I’ve hit is achieving a zero net worth by paying off all my student debt. I don’t remember when I hit $100,000 but I can tell you the exact minute I hit zero.

THIS! This was the video guys! My wife and I are on our way to that $1M portfolio by age 32 and things are exciting! It’s great to hear words of encouragement and to get a little piece of that excitement before we are there. Thanks for all the free knowledge you guys share with your audience!

A couple extra of my personal financial milestones: 1. Back to broke (Net worth = 0) 2. Student loans paid off I haven’t quite yet hit my first milestone, but I have hit your first milestone! Thanks for the content 😊

I discovered this channel about 2 months ago, and you guys ignited such a fire in me and I've now binged so many episodes that I could probably record an episode at this point, haha The difference is night and day LITERALLY. (I'm now working night shift to earn the 10% shift premium) I'm that excited about earning and saving more. Currently watching and typing this comment while in hour 14 of the double i volunteered to work, something that a few months ago i would have scoffed at. It will take me another year or so to atone for all the mistakes i made before. But, if i hadn't found you guys I'd still just be digging the hole. On track to be able to claim financial mutant status around July, 2025. Won't type a novel explaining every detail, but suffice to say... THANK YOU!

It might be the best time to be alive with all this high-yield free content available on the internet!

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

Brian is EXCITED too!!

This should be a deliverable to go along with the FOO. It will give Brian more laminated papers to rattle around too!!😂😂

You realize that if Bo is not excited… the video is not worth watching! Love the channel!

One of my favorite topics to date. Thank you!

Thanks for the weekly reminder to stay the course!

This was the best video that yall put out in my opinion! Im 24 now and just set my first goal of saving 10,000 this year, and i am so encouraged and hopeful for my family’s future! Thanks guys!

Great episode, nice work! My favourite one (Avid watched for 3 years or more)

This has been one of my favorite videos from you guys, and I watch religiously! Thanks for the real, encouraging examples and benchmarks! 💰

Long-time viewer here. Finally subbed. Ya'll are so impactful and really passionate about finance. Thanks for the tools and tips!!

One of the best things you’ve ever done. Sharing with everyone I think will benefit.

Bo loves to say “I'm so excited about this “😂❤

Bo has an interesting smile towards the end when Brian talked about "working with us and Millionaire mission"

This is one of my most favorite videos that you guys have shared. Thank you!

This is *THRILLING!* I feel a bit better about my army of dollars now

We have been at this place for a while now. We are just now letting go of the purse strings a bit. I FIRED when DD was born, hubby is in coast mode at his job, when there is this kind of money in the bank, you get to tell the boss NO a lot more, and the bosses tip toe around you a lot more. I want everyone to know this IS possible even in this current time. The first 100k is really the hardest part, the rest just takes time. Hubby could FIRE any day he wants. The idea is to have hubby keep working at his easy job till the kid graduates college. Then we will just cash flow her schooling.

Has someone else already created The Money Guy bingo to play while watching or do I need to do it?

@18:00 -- You only need to invest more for a shorter period of time to really accelerate. Your contributions for the first 30-50% of the time horizon is more valuable than the rest. So if people see investing more as a temporary goal so that you can let compounding do the rest it can give some encouragement to do larger investments just to get you jump started for the first couple years then go down to the 1,000$/month after that.

Wonderful and encouraging video, guys!! Thank y'all so much!

I absolutely love the content! Thank you for all that you do!

This video was actually perfect for what I needed on my financial journey! Thanks for the goals and landmarks I will shoot for!

I really liked the end, talking about the abundance cycle, and giving. And that Brian & Bo are not looking to gouge people for money, but that they’re here to help, and that while they’re doing well, they want to uplift others. I liked it because most younger viewers don’t need guidance, and it’s nice that they said they’d be here when we need it, and, for the time being, to simply use the free content they provide and set yourself up for success. It’s a really cool thing to think about, this “abundance cycle”! I want to be like that in my life, and in some ways I do, I just need to keep up on it!

My most significant milestone was when my liquid net worth times the risk free interest rate was equal to our greater than my annual spend.

Great content as always! Thanks Money Guys!

I'm on the precipice of milestone number 4! should definitely happen next year but might could happen this year

I love Brian’s intros lately haha reminds me of my dad who is also successful, but still a little goofy 😂

That "bowling point" though XD nice work guys! Great show!

I don't include the value of our paid off 390k house when I calculate our net worth. I prefer to just use the liquid pirtion of our assets to calculate our net worth status for the exact same reason Bo stated. It can't provide for our living expenses.

Great one boys

Long time listener and i have been trying to explain this to fellow financial mutants lately as you guys have been hinting at these different steps for a while. Thanks for putting it in a nice package here. My only caveat would be that "FIRE savers" (greater than 50% savings rate) might reach step 6 before step 5 or even 4 depending on income.

Love the inspiring and informative content you guys provide! I'm halfway to the millionaire milestone myself between my retirement accounts, life insurance, brokerage accounts, etc. Praying for the patience to persist so I can enjoy that F.I.R.E. life

Im on track to retire with a 8 figure fund, never thought that would be me. The first time it returned 6 figures i was kinda in shock. Now it might return 7 figures in retirement and that doesnt seem possible.

This episode has brought some serious financial mutants into the chat! For those getting started, let the comments and this episode spur you on, not discourage you!

This is a great video! Original ideas and concepts are hard to come by in the finance space.

I AM SOOOOO EXCITED

Great show! I am watching from the UK, and would like a UK special UK version of the the Money Show Guy Show. To help, maybe Brian and Bo can add a deliverable which translates the US investment types into UK SIPPs and ISAs?

On track to be a thousandaire

Im spo excited 😊

This was a fantastic episode. I had a few of these in my head (1 m general networth, then liquid (on my way here right now) and then FI. Interesting to think about some of the others. Never really kept track of annual Rate of Return on my investments, but this definitely will add a new geeky level that I can track, so I'm going to start assuming 8% vs actual, and see when I'll hit these other milestones. Pretty sure first 3 are complete and working now on #4.

excellent content, I just subscribed but have been binge watching for months. Counting the $$ in the net worth is great and all; and I agree with all the milestones. But for me, to not get disappointed when markets decline; I concentrate on share size. For example, I remember when I had 10 shares of VTI, then 100 and so on. With this perspective, whenever there is a market dip; I truly realize I'm getting them on sale, with respect to the current goal of share size.

Slam dunk show. Bravo

I have no memory of when I crossed the $100K mark. It was a long while ago, I know that. I remember it seeming forever that I was in that $30K - $60K range. Mainly I just kept investing, didn't change anything when the markets were down, and didn't bother to check the balance. I do remember one time when I checked the investment balances and it was over $1M (We don't count our house or cars in our net worth calculations). That was quite a surprise as I didn't think we were anywhere close. Fwiw it took us about 28 years to get to a little over $2M in investments. And for most of my career I have not been a high income earner. But we've lived modestly and well below our means even when I wasn't earning very much.

Easy, working on milestone 6!

We've had several exciting milestones this year. First 100k, almost to our second 100k, saving about 65% of our income right now, opened and maxed a Roth IRA, have 2 jobs that started offering retirement and investing to the match at both.

Are the financial independence numbers pre-tax? For example, the "if you need $100,000"...is that $100,000 before taxes, or net of taxes?

Experienced milestone 5 in 2021 and it felt wonderful. But 2022 lost me that growth and some. 2023 milestone 5 again.

Do you guys view investment real estate different than your primary residence. You can sell a duplex rental way easier than you can sell your home. And the market rate of the rental could look different on net worth statement than residence.

We should be good. I'm going to setup my 13 year old a Roth IRA this year with her first earned income. Help her get to over $100k in a roth by the time she graduates college. If she just leaves it from there, she'll have $5-10 million in a roth when she hits retirement. If she kept maxing it out, she'd have $10-20 million in a roth IRA.

For those of us who aren't high earners (middle school teacher here), videos like this excite us until the first milestone rolls out and then they discourage us. "If you can save $10,000 a year...." Bro, really? Can you do a lower-middle-class version of this?

Very good episode.

This is very similar to their video on the Levels of Wealth

On my way to $1 million, let's go FIRE!

I've been watching youy guys since around 2020. Even though I had been contributing to a 401k for a few years (thank god) I still didn't really understand much and you guys helped teach me how to accelerate my wealth journey. I stayed the course and kept contributing even though it felt really hopeless when the market wasn't doing well. It was disheartening to see the value of my portfolio go down even though I was making hefty contributions each month, but I stayed the course. And now I'm seeing the benefits because I finally reached the point where my portfolio is saving harder than I am. Thank you guys for everything you do!

I'm older than Brian, lol, but this is true. Routine investing year after year will get you to multi millionaire status

How do you think about net worth as a married couple. Is it one combined number? Is it that number divided by 2? Individually calculated?

I posted a comment about how I needed to rewire my attitude about my saving (even though I'm a liquid millionaire at $1.2 million, I still feel behind). I'm working on number five at this point.

I spent most of my 20 and half of my 30’s spending everything I had traveling and partying with $25k in my 401k by 35. Now I’m 45 and thanks to my house, this year I am now worth $1.1 million.

If I live at home for another 9 years at sp500 8% average return, I’ll be a millionaire.

Bo “I’m so excited” Hanson

Fantastic video. Love you guys. 41 here. Hit 1 mill liquid in investments and also have 1 mill in Real Estate (equity). I don't count or care abt real estate equity. Plan is to keep saving & investing 100k/yr until 55 and then show a middle finger to everything and travel the world. 😂.

Awesome video! Loved thidnone

Can you do a video (or point me in the right direction of a video) about how pensions factor into all of this? I'm a teacher and 7.5% of my salary goes into my pension.

I only put my mortgage in debt. I dont put whatever equity anywhere. Ad far as am concerned, my apartment is where i live and I have no intention of ever tapping my equity unless it's an absolute last option.

the videos just keep getting better

Well done

This was a much needed episode which shows beyond the plan path. Where can I find the decision maker tool? I need that to play (math) around beyond the napkin! 😅 Unfortunately for high income earners getting to a point where the liquid assets generating more than income consistently is a high bar to cross and might need millions in liquid assets.

Bowling 🎳 point🎯

Love the content, but this is mostly if you are invested in assets that are purely reliant on the market growing. If you have dividend assets, especially in a tax-free portfolio. You are compounding way faster.

Wife and I made it to #4 at 36. Just moved to 1 income (still living within means and saving) so we get more investment in our young kids. Starting and saving big percentages early was all worth it. Made the choice for going to one income so much less stressful, and is so much more gratifying than a couple nicer cars or bigger house would have been.

My 1st 100k took the standard 8 years. My most recent took just under 3 months, but it had a lot of help from my Nvidea stock. I'm hitting the acceloraror on my contributions and balancing out my account since i can see the finish line. Also prepping to buy more through the next bear market as it should be the last one i need to work through at my 9-5.

Bowling point is amazing 😂

Step 5 & 6 seems difficult to do already. Can one achieve Step 6 before step 5?

Age 44 and only halfway to the “bowling point.” Take it from me kids, start early, cuz your back can’t work as hard in your forties.

So excited to be a millionaire at 59.5 years old when life expectancy is around 77 years old! 😂

I am barely ahead of Brian on meeting the milestones :)😊

I keep lifestyle inflating myself out of FI, but 4 out of 6 milestones isn't bad.

I’m a 23 year old kid looking for my first house. I have 110k in my housing fund should I cash it out and pay off my mortgage at 7% interest or keep it invested and pay off the mortgage in a year and a half?? Been racking my brain a lot on this one

Paralysis by analysis kills me sometimes, I'm $310k liquid NW at 33, I save $1200 split 50/50 between roth and traditional in my 457, I put another $600 required into my pension, I max out my Roth, and save another $500 at least on top of that a month and I feel like I'm behind with all these metrics but technically speaking, I'm already halfway to $1M. I increase my 457 by $150 every year and also have some cash savings on the side. 2022 my NW decreased by $27k, in 2023 it increased by $83k, hoping for a good year this year, already up $30k in the first half of the year. I know I'll look back in 10 years and be proud of myself, but I just don't see it yet.

I don't get why FI is higher than "portfolio growing more than your salary". FI is usually lower than the full salary. Unless #5 applies only to the 'good years'.

Unpopular opinions 1. A house is a liability 2. Only way I count a true millionaire is by liquid assets only

I was utterly broke and in debt at the end of 2022. Its been a year and a half. I bought a house and have over 150k in stocks now between all of my brokerage accounts. Sometimes it feels like 1 step forward and 2 steps backwards with bills.

I am at 70k in my investing and it’s all in SCHD. I plan on investing 2k over the next 12 months and then 1k a month until 60. My goal is to be over 100k next July 2025. Also, I own a 3 bed 2 bath brick home, 20 acres and all vehicles and ATVs are laid off (zero debt). I also retire from Army in 2 years, if I decide to. Playing the long game, I’m 42 years old.

One thing to know when your portfolio earns more than your income you have to factor in you get income and health benefits from work so you have to add that in as well Because if you don't you're gonna have to increase your expenses to pay for health benefits

The typical millionair is 48 years of age...the typical millionair is not a typical person. This puts you in the top 12 percent.

I've been waiting for this content...a million is not what it used to be... let's hit 10m

I hadn't given it much thought, but my wife and I had our net worth increase $142k in 2023, and our W2 wages were $132k, so we are close to financial independence I guess? Seems crazy.

25:40 the 4% rule is based on 30 year retirements only

Brian's got a big snow ball