Why is earning more the most powerful lever?

Andrew emphasizes increasing income through salary negotiation, a six-month plan, and targeting high-impact skills for promotions.

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#604 Struggling to build wealth and not sure where to start? In this episode, host Justin Williams kicks off a special three-part series with Andrew Giancola of The Personal Finance Podcast to break down the seven rules for creating wealth. Andrew shares his journey from earning $30K a year and living paycheck to paycheck to becoming a millionaire in just a decade. Together, they cover the first four rules of wealth building, including how to create a financial plan, increase your income, eliminate high-interest debt, and build a strong savings foundation before investing. Plus, Justin announces an exciting experiment — publishing two episodes per day for three days — so be sure to tune in for Part 2 tomorrow!

(Original Air Date - 3/4/25)

What we discuss with Andrew:

+ 7 Rules for Wealth – Part 1 of a three-part series

+ Andrew’s Wealth Journey – From $30K a year to millionaire

+ Financial Planning – Setting goals for financial success

+ Increasing Income – Negotiating raises and job-hopping

+ Eliminating Debt – Paying off high-interest loans

+ Saving First – The one, three, six method

+ High-Yield Savings – Making your cash work for you

+ Money Mindset – The Red Car Theory in action

+ Podcast Experiment – Testing two episodes per day

+ Coming Next – Part 2 of the wealth-building series