Hedgeye NexGen: Building Wealth for Young & New Investors | Episode 22 | Who Wants to Be a Millionaire

Aug 21, 2025

Discover the keys to building long-term wealth without chasing quick riches. The discussion reveals that millionaires often rely on discipline, steady investing, and frugal living. Humorously highlighting daily choices, like eating peanut butter and jelly, they debunk myths of lavish lifestyles. Moreover, learn how most wealthy individuals come from humble beginnings and prioritize paying off debts before investing. This insightful take emphasizes financial literacy and strategic saving as essential tools for any aspiring millionaire.

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ADVICE

Start With Consistent Investing

Invest consistently rather than sitting in cash that loses purchasing power.
Use your employer 401(k) and contribute regularly to get market exposure and compounding benefits.

INSIGHT

Single-Stock Bets Aren't The Driver

Single-stock picks were not cited by any of the 10,000 millionaires as a major factor.
Broad mutual funds/ETFs and being invested in the market mattered far more.

ADVICE

Let Time And Compounding Work

Make consistent contributions over long periods to let compounding work.
Time in the market, not timing the market, produced most millionaire outcomes.

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Hedgeye Macro analyst Ryan Ricci breaks down finance to its simplest form to help you build wealth over the long term in Hedgeye NexGen—a bi-weekly, no-BS money finance podcast. In today’s episode, “Who Wants to Be a Millionaire,” they unpack what the data really says about how Americans build seven-figure net worths—think steady 401(k) contributions, living below your means, and a long runway of consistency (not lottery-ticket stock picks). If you want a sharp, skeptical, and practical roadmap to growing wealth—minus the cringe—this one’s your play button.

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