401Ks Will NOT Make You Rich #shorts

9 Aug 2023 · 1 min
0:31

A short YouTube clip by Codie Sanchez arguing that 401(k)s alone will not make you rich and are not her primary investment choice. She criticizes traditional advice (e.g., "don't buy the Starbucks, invest in your 401k, do a complete match") as outdated and urges viewers instead to focus on increasing their earnings potential, acquiring equity, and getting "skin in the game." She notes that maxing out a 401(k) is fine but insufficient for building substantial wealth, and characterizes 401(k)s as a government-backed consolation that can make people feel better without making them rich.

Chapters

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