Ep.013: Five Money Habits of Wealthy Millennials

Summary

In this episode, Guillaume Girard and Sam Lichtman discuss the financial habits of wealthy millennials, focusing on how they achieve their first million and the strategies they employ to maintain and grow their wealth. The conversation covers three common paths to wealth, including entrepreneurship, real estate, and stock compensation. They also delve into the importance of risk management, seeking professional advice, developing good money habits, prioritizing health, and continuously striving for new goals.

Topics Covered in this Episode:

00:00 Introduction to Wealth Building for Millennials

09:25 Three Paths to the First Million

20:45 Real Estate: A Controversial Wealth Strategy

28:37 Stock Compensation: A Modern Wealth Builder

31:49 Maintaining and Growing Wealth After Reaching a Million

34:38 The Power of Passive Income and Growth

35:41 The Importance of Professional Financial Advice

36:59 Tax Planning: A Key to Financial Success

39:33 Strategies for Real Estate Investors

44:11 Developing Good Money Habits

50:38 The Correlation Between Health and Wealth

01:01:32 Pursuing the Next Milestone

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Podcast YouTube Channel:
https://www.youtube.com/@MillennialMoneyCanadaPodcast
TikTok: https://www.tiktok.com/@millennialmoneycanada?lang=en
Instagram: https://www.instagram.com/financialplannergui/
Guillaume on LinkedIn: https://www.linkedin.com/in/guillaume-girard-cfa-cmt-cfp-08487170/
Sam on LinkedIn: https://www.linkedin.com/in/sam-lichtman/

Keywords

Wealthy millennials, money habits, financial planning, investment strategies, wealth management, personal finance, financial literacy, entrepreneurship, real estate, stock compensation