How to Build Wealth on Less Than $60K a Year + Investing for Retirement Income (ft. Nick Maggiulli)

Hogging seats on a crowded train, not saying excuse me, watching videos on your phone with no headphones in. Sometimes it feels like we don't know how to act anymore. What we have been seeing, increasingly, is people breaking rules. Why should I play by the rules if nobody else is going to do that for me? This week on Explain It to Me, how to mind your manners.

New episodes Sundays wherever you get your podcasts. Welcome to Prophet on Personal Finance, a special episode where we're joined by Nick Majulli, the Chief Operating Officer for Ridholtz Wealth Management and author of the blog of Dollars and Data. Together we'll discuss how to build wealth at every stage of life, from saving on a modest income to investing for retirement to navigating today's housing market. Nick, ready to get into it? Yeah, let's do it.

All right, question number one. Our first question comes from a listener who texted the office hours hotline. Everyone talks about how to be rich, but no one talks about how to be poor. How would you save for retirement if making under 60,000 a year? How would you structure your debt payments like student loans, credit, and mortgage?

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