Millionaire University

7 Rules For Creating Wealth - Part 2 | Andrew Giancola (MU Classic)

Sep 28, 2025
Guest
Andrew Giancola
In this insightful discussion, Andrew Giancola, a personal finance educator and host of The Personal Finance Podcast, shares his expertise on wealth creation. He emphasizes maximizing your 401(k) match for guaranteed returns and highlights the tax advantages of HSAs and Roth IRAs. Andrew breaks down the importance of minimizing fees and the benefits of investing in index funds and ETFs for long-term growth. He also caters to parents, explaining how to set up investment accounts for kids and the differences between stocks and real estate investing.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ADVICE

Always Capture The 401(k) Match

  • Maximize your employer 401(k) match because it's effectively a guaranteed 100% return on that contribution.
  • Treat the match as priority even before paying some debts due to its unmatched benefit.
ADVICE

Use HSAs As A Tax-Free Retirement Tool

  • Use an HSA as a retirement vehicle when eligible because it offers triple tax benefits (pre-tax, tax-free growth, tax-free withdrawals for medical).
  • Keep receipts for qualified medical expenses to pull funds tax-free even decades later.
ADVICE

Favor Roth IRAs, Use Backdoor If Needed

  • Prioritize Roth IRAs for tax-free growth and withdrawals, contributing post-tax dollars now to avoid taxes later.
  • Use a backdoor Roth (contribute to a traditional IRA then convert) if your income exceeds limits.
Get the Snipd Podcast app to discover more snips from this episode
Get the app