Sat Jan 04 2025, by Tyler Gardner
How to Become a Millionaire on a $75,000 Salary
Here is exactly how I would become a millionaire on a $75,000 a year salary. I'm Tyler, a former financial advisor and portfolio manager, and now I create financial content for free to help you reach your financial goals.
1. Save 20% of Each Paycheck
I would start by saving 20% of each paycheck. Before we do anything else, we need to learn to live on less, and the earlier you start, the better.
2. Invest in Both Tax Accounts
I would invest 10% in a post-tax account like a Roth IRA, and 10% in a pre-tax account like a traditional 401(k). It doesn’t matter what tax bracket you’re in or what tax bracket you end up in; now you officially have both bases covered.
3. Market Yourself or Your Business
Yes, this part is advice: start marketing yourself or your business on social media today. Here’s the deal: tag me in your first video, and I’ll provide as much feedback as I can for free.
4. Commit to Your Plan
By committing to those three things, I promise that five years from now, you will be in a completely different space, doling out the exact same advice to others.
If any of this is helpful, please like and follow, and I'll keep trying to get you one step closer to where you need to be.
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