ACCOUNTANT EXPLAINS: How To Go From 0-100k This Year
Answer
Ask me anything about this video:
1
Answer
The three wealth-building habits discussed are saving money, paying off debts and liabilities, and investing or acquiring assets.
2
Answer
The transcript doesn't directly state how long it would take to save $100,000 saving $1000 a month with a 7% return. It provides examples with different savings amounts, but not this specific scenario.
3
Answer
The high-income skills mentioned are coding, utilizing AI and automation for businesses, marketing and social media management (B2B and B2C), high-ticket coaching, creating digital products, and sales (BDRs, SDRs, appointment setters, high-ticket closers).
4
Answer
In the US, contributing to a traditional 401k allows deduction of contributions from taxable income, reducing the tax burden. In Canada, contributing to an RRSP provides a similar tax deduction, resulting in a tax refund.