From Foster Care to $1M Business by Doing What the Rich Do

Episode #524

Want to be a millionaire or build a business that brings in seven figures? Want generational wealth and to be debt-free? Want to know that you have enough money to take big risks while still keeping your bank account safe? If so, you need to start thinking like the rich to begin building wealth the same way they do. “That may be easy for you to say, you host the ‘BiggerPockets Money’ Podcast!” Well, don’t take it from us; take it from Marc Russell.

Marc grew up without advantages. He was in foster care for as long as he could remember, bouncing from house to house until finally, at age thirteen, he was adopted by parents with a strong, valuable work ethic. When Marc went to college, he had no money to pay for it, so he fought tooth and nail with the financial aid office to find scholarships, loans, or anything that could help him graduate. He was even kicked out of school once over not being able to pay a $900 fee! But this taught Marc how the system worked and eventually led to him landing a job at every FIRE chaser’s favorite place, Vanguard!

Once Marc started helping the rich manage their money, he looked in the mirror and asked, “Why aren’t I doing these things?” Thus, he began imitating the investing tactics of the rich, budgeting for financial freedom, and investing everything he could, even if it meant a slower path to being debt-free. Now, Marc runs BetterWallet, helping everyday people start building generational wealth, no matter their circumstances.

Show Notes at:
https://link.chtbl.com/Money
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BiggerPockets Money 329 – From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes w/The She Wolfe of Wall Street:
https://www.biggerpockets.com/blog/money-329?utm_source=youtube&utm_medium=description&utm_campaign=none
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BiggerPockets Money 485 – How to Start Thinking, Acting, and Investing Like the Rich w/Vivian Tu:
https://www.biggerpockets.com/blog/money-485?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Marc:
BetterWallet: https://www.thebetterwallet.com/
Instagram: @betterwallet or https://www.instagram.com/betterwallet/
X/Twitter: @thebetterwallet or https://twitter.com/thebetterwallet
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Connect with Amanda:
Instagram: @shewolfeofwallstreet or https://www.instagram.com/shewolfeofwallstreet/
Website: https://shewolfeofwallstreet.com/
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Connect with Scott on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none