The NewsWorthy Special Edition: How to Build Wealth at Any Age
Aug 2, 2025
Brennan Schlagbaum, a CPA and best-selling author who helps people achieve financial freedom, shares invaluable insights on wealth building. He discusses common financial mistakes and emphasizes that it's never too late to start saving, regardless of age. Brennan explores the impact of student debt and the evolving attitudes towards higher education. He also highlights the importance of financial education for children, suggesting effective tools like 529 plans and Roth IRAs to secure their financial futures.
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Time is Key to Wealth
- Time is the most crucial factor in building wealth, due to the power of compound interest.
- Starting early and consistently investing leads to financial security and potentially early retirement.
Inflation Squeezes Incomes
- Inflation and rising costs mean today's incomes don't stretch as far as before.
- Being intentional and aware about finances is more important now than ever.
Housing Affordability Challenges
- Housing is less affordable today because house price to income multiples have increased drastically.
- In many places, the multiple is 8x income, making homebuying unattainable for many.
