Multimillionaire Gives HORRIBLE Financial Advice, Here’s A Better Path To Reaching $100,000 Net Worth

Gary Gensler is Chairman of the SEC and has a net worth of $41 million. He recently went on Twitter to dole out financial advice.

What did this multimillionaire, market expert recommend?

Save $5 a week and you can have $130,000 when you hit retirement age at 65.

Gary Gensler is only 63 years old and has tens of millions of dollars. He didn’t get there with this milquetoast financial plan, either. Yet, this type of lame advice is constantly doled out by elite 1%ers.

Billionaire Michael Bloomberg once suggested that working through lunch breaks was the secret to getting ahead.

And Kevin O’Leary regularly spouts sage wisdom like “Never buy coffee” and “Never buy a car.” Good, frugal advice from a man who collects Rolexes and wears Saint Laurent jackets.

There’s nothing wrong with making coffee at home or saving a couple bucks here and there.

However, these activities will not make you rich.

And, you can easily reach a $100,000 net worth in five years or less.

There’s no need to wait 40+ years before you hit this benchmark.

I hit six-figures in the stock market when I was 26 years old, and did it without having a high-paying job or picking the next Dogecoin. Today’s article is based on my experiences, and is meant to show you how you can reach a $100,000 (or more!) net worth through a few simple but deliberate actions.

1. Control Your Expenses

When my Dad graduated college, he eagerly accepted a job at the prestigious architectural firm Murphy/Jahn. Because of the company’s insane work schedule, my Dad earned the same amount per hour that he did when was a grocery store bag boy in high school.

On top of this, there were certain mandatory lifestyle expenses. All the employees had to own a Montblanc pen and nice, designer suits.

And that’s not even external costs like rent and taxes.

The point of this story?