The Joseph Carlson Show How To Grow A $1 Million Portfolio
Dec 22, 2025
Discover the essential blueprint for building a $1 million portfolio, emphasizing income growth over mere returns. Learn key stock selection principles that prioritize reliable compounders like Apple and Netflix, and get insights on effective portfolio management strategies. Additionally, explore the implications of a recent Waymo outage and how it compares to Tesla's systems. Finally, listen to a cautionary tale about gambling an inheritance and the risks of misattributing blame.
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Prioritize Income Over Returns
- Focus on increasing the gap between your income and expenses before chasing higher returns when under $1M invested.
- Prioritize growing active income and saving aggressively to fund investments consistently.
Build Personal Operating Leverage
- Create personal operating leverage by growing income faster than expenses when you get raises or side income.
- Allocate extra earnings to investments instead of lifestyle inflation to accelerate portfolio growth.
Don’t Trade Risk For Speed
- Avoid increasing portfolio risk to chase faster growth through leverage, speculative stocks, or options.
- Instead, focus on controllable actions like raising salary or adding side income to fund investments.
