According to the transcript, the average 401k balance was roughly $131,000, and the average IRA balance was approximately $127,000. Gen X had an average balance of roughly $590,000. The transcript does not provide a breakdown for Boomers and Millennials beyond stating that 4 out of 10 millionaires were Boomers, 57% were Gen X, and 2% were Millennials.
Rachel Rogers provides several examples of money-generating activities, including: dog sitting, house sitting, babysitting, hosting a yard sale, offering services based on one's skills (e.g., workshops, teaching), and buying and refurbishing furniture to resell.
This Yahoo Finance video explores various strategies for building and maintaining wealth, featuring interviews with financial experts. The discussion covers different approaches to investing, budgeting, and developing healthy financial habits, ultimately aiming to provide viewers with actionable advice to achieve and sustain millionaire status.