MI168: How to Build Wealth (Mini-Episode)

IN THIS EPISODE, YOU’LL LEARN: 02:09 - The simple formula to building lasting wealth. 03:47 - The big three expenses to look out for to increase your cash flow. 06:52 - The appreciating assets that Clay tends to invest in. 06:52 - The criteria Clay uses to help determine if he should make an investment or not. 15:06 - What the 4% rule is, and how it applies to investors. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. JL Collin’s book The Simple Path to Wealth. Ramit Sethi’s book I Will Teach You To Be Rich. Related Episode: MI164: What is Money? w/ Jim Crider. Related Episode: MI128: Why Buy Bitcoin w/ Andy Edstrom. Related Episode: MI134: Why Deflation is Key to an Abundant Future w/ Jeff Booth. Related Episode: MI136: The Bull Case for Uranium w/ Justin Huhn. Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance. Follow Clay on Twitter. Get a FREE audiobook from Audible. Check out our Investing Starter Packs about business and finance. SPONSORS Support our free podcast by supporting our sponsors: HelloFresh Fundrise Linkedin Marketing Solutions TurboTax NerdWallet NetSuite Connect with Clay: Twitter HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

Millennial Investing by The Investor’s Podcast Network is hosted by Patrick Donley and Kyle Grieve.  Millennial Investing is one of the top-ranked investing podcasts in the world geared to the millennial generation. Here’s what we do: - We have conversations with the world’s best investors, entrepreneurs, authors, and thinkers and explore their ideas, methods, and stories to help YOU better invest your time and money. - Think of us as your research team who finds the most interesting and profitable investing and business insights that you'd normally have to pay for. Except it’s free! - Our mission is to improve people’s financial literacy and business savvy to help in making better investment decisions with their time and money. Start listening. Master the best of what other people have already figured out so you can use their lessons in your life to learn how to invest and build wealth. Follow Patrick on Twitter at @JPatrickDonley, and Kyle on Twitter @IrrationalMrkts.