7 Rules For Creating Wealth - Part 2 | Andrew Giancola (MU Classic)
Millionaire University
Why start investing with your 401(k) match?
Andrew explains why capturing an employer 401(k) match is the best guaranteed return and how to check with HR to enroll.
#606 We're back with Part 2 of our three-part series on the seven rules of creating wealth! In this episode, Justin Williams and Andrew Giancola of The Personal Finance Podcast dive deeper into investing — where to start, how to maximize your employer’s 401(k) match, the power of HSAs, Roth IRAs, and why keeping fees low is critical to long-term wealth building. Andrew also breaks down the step-by-step process of investing in index funds and ETFs, plus tips for setting up investment accounts for your kids. If you haven’t listened to Part 1 yet, be sure to go back and check it out. And stay tuned for Part 3 tomorrow, where we’ll wrap up the series!
(Original Air Date - 3/5/25)
What we discuss with Andrew:
+ Maximize 401(k) match – Best guaranteed return
+ HSA benefits – Triple tax advantages
+ Roth IRA strategy – Tax-free growth & backdoor option
+ Minimize fees – Avoid costly advisor & fund fees
+ How to invest – Open accounts & automate contributions
+ Lump sum vs. monthly – Best way to invest large amounts
+ Time in market – Long-term growth power
+ Investing for kids – Roth IRAs & brokerage accounts
+ Stocks vs. real estate – Passive vs. active wealth building
+ S&P 500 advantage – Outperforms most funds
Thank you, Andrew!
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