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3 Secret Ways The Top 1% Grow Their Wealth
Uncommon Methods Used by VPs and CEOs
There are many avenues in which the top 1% continue to build and protect their wealth. They invest, take advantage of tax loop holes and also find other wealth advantaged financial vehicles in which to grow their investments.
But did you know that there are 3 particular things that high earners utilize within their regular corporate compensation — that help them become even richer?
These are tactics that C-suite executives and managing directors in top consulting firms employ on a regular basis to ensure than the compensation from their high paying jobs compound into even greater wealth.
Curious to know what these are? That’s what we’ll get into, in this article.
Welcome to Daniel’s Brew — where I cover personal finance, investing, and career development topics.
Mega Backdoor Roth
The first of these 3 tactics — is called A Mega Backdoor Roth.
But in order to understand how this works, we need to first make sure we’re grounded on how 401ks and Roth IRAs…