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If that seems like a lot of money, youre right.
Themedian household incomein the U.S. is around $70,000.
Her insights may help you hit the markfaster than you thought possible.
My income level with my full-time job and businesses is between $100,000 to $130,000.
Heres how she would have done it.
Dont worry if you cant afford to make the maximum contribution yet.
Even small increases to your investment amount will add up over time.
Start a Side Hustle
[I also would] have started my side hustles sooner.
Initially, your side hustle can give your budget some much-needed breathing room.
Eventually, the income from yourside gigcould replace your corporate salary.
We spoke with Julie Berninger, a former technology professional turned entrepreneur.
She ownsGold City Venturesand said her businesses earn her an upper-middle-class income eachmonth.
Heres her advice to build wealth.
Accumulate Assets
Maxing out your retirement accounts is an important first step.
Taking action is how you get ahead financially.
Get Help
Dont make a run at DIY everything in the interest of saving money.
Your time is valuable, said Berninger.
Bottom Line Advice
[Give yourself some] grace and go at a pace that is sustainable.
Focus on stabilizing your finances and then on building wealth, said Negron.
