Is There a Wealth Gene?

Learn if you are pre-disposed to wealth or if it is a matter of habits and choices. Do you know that wealth is a choice? Learn the 6 Steps to Wealth and how to go from $0 to wealthy. It's not about how much you make or how much you don't spend. For example: Person A: Makes $40,000 per year. Over their working lifetime of 30 years, they will earn $1.2 million. How much of that money will they keep? The average savings rate in America is currently 2.8%... ...And 2.8% of a $40,000 annual income is $1120 per year saved; a total of $33,600 saved over 30 years. Person B: Makes $40,000 per year. Invests $5500 per year (maximum under age 50) in an Individual Retirement Account (IRA) and averages 10% in the stock market for 30 years. They retire in 30 years with $1,091,160. In 30 years, Person A will have $33,600 and Person B will have $1,091,160. Which one are you? Connect with me on Instagram.com/LindaPJones for a daily wealth tip.