Many millennials often tell me they won’t get rich without a six-figure salary. Your financial planner in Fresno CA understands that this myth stops many of us from taking those crucial first steps to build real wealth for retirement.
Let me show you proven strategies that’ll help you retire rich, whatever your current income might be. We’ll dive into everything from tech tools to multiple income streams – all the essentials you need to secure your financial future.
Millennials build wealth differently than their parents did. The numbers tell an interesting story – 70% of us already save for retirement, and the median millennial starts at age 22.
71% of us manage retirement accounts through mobile apps
69% of us take control of investments without wealth managers
63% put money in private equity, and 62% invest in cryptocurrency
Technology has become our secret weapon to build wealth. I’ve found that the right financial apps and tools can boost our chances of retiring rich. These days, more millennials turn to digital platforms to manage their wealth, and 54% of us use mobile apps to plan our finances.
These are the features I look for in wealth management apps:
Automated portfolio management
Immediate financial tracking
Goal-based planning tools
Robo-advisors have made sophisticated investing strategies available to everyone. The future looks bright as 87% of wealth management firms are putting more money into API technology to boost these services.
I found that getting rich before retirement isn’t about landing one high-paying job. The secret lies in building multiple income streams. Research shows that two-thirds of millennials between 18-35 have already started or plan to start a side hustle among their main jobs.
Many successful millennials broaden their income through these channels:
Digital Products: Creating online courses, ebooks, and templates
Consulting Services: Exploiting professional expertise
Passive Income: Through rental properties and dividend investments
Content Creation: Making money through social media
This strategy works well. Studies show that retirees who get money from multiple sources, especially annuities, use their savings more slowly. My millennial friends keep finding creative ways to make extra money. The numbers back this up – 80% of Gen Z business owners have launched their ventures online.
We have a strong team of professionals helping ensure you receive all the assistance you need not only in developing your retirement income strategy, but in maintaining it throughout your retirement. Contact us today at 559-230-1648 or visit us today at Soutas Financial to see how we can help you Retire ”Your Way!”
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