448-Mythbusting: Your 401(k) Won't Make You Rich! Here's Why...
Apr 06, 2017•45 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
I've often made comments like, "Your 401(k) won't make you rich." Or, "People Don't Get Rich Because they Invested in Their 401(k)."
A listener recently asked for clarification on that statement. I thought it was so important that I dedicated an entire show to it.
In today's show, I give my defense of my statements and argue my case.
My thesis is simple: high 401(k) balances are correlated to people who are rich, but they are not a causative factor of wealth.
Enjoy!
Joshua
- Please support my show on Patreon! www.radicalpersonalfinance.com/patron
For the best experience, listen in Metacast app for iOS or Android