503: The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth (Part 1)

<p><br></p><p>You probably know <strong>Brandon Turner</strong> and <strong>David Greene</strong> as multimillionaire real estate investors. What you may not know, is that a decade ago this was a very different story. Brandon <strong>didn’t grow up in a wealthy family</strong>, and by his 20s, had packed on about <strong>$20,000 of</strong> <a href="https://www.biggerpockets.com/blog/2016-02-12-smart-credit-card-debt-student-loans" rel="noopener noreferrer" target="_blank">credit card debt</a> while spending $1,000 more than he could afford each month. David grew up in a <strong>family where finances were a constant stressor</strong>, he later vowed to himself that he would never let <a href="https://www.biggerpockets.com/blog/solve-financial-issues" rel="noopener noreferrer" target="_blank">money problems</a> hurt him or the people he loves.</p><p>Now, both Brandon and David have made the long journey from rags to riches, and through investing in real estate they were able to pull themselves up by their bootstraps and <strong>reach</strong> <a href="https://www.biggerpockets.com/blog/key-to-financial-independence-has-nothing-to-do-with-real-estate" rel="noopener noreferrer" target="_blank">financial independence</a>. Today, we talk through the first five (of ten) steps that helped Brandon and David reach this financial feat.&nbsp;</p><p>This is a great episode to take notes on, as <a href="https://www.biggerpockets.com/blog/rental-property-wealth-generators" rel="noopener noreferrer" target="_blank">becoming a millionaire</a> is close to impossible without following most, if not all of these steps. While this episode isn’t entirely focused on real estate investing, a large part of being a successful real estate investor is <strong>financial intelligence</strong>. Even if you’ve made mistakes in the past with investments, debt, spending, or any other financial lever, following these ten steps will give you a solid framework to<strong> stair-step your way into millionaire status</strong>.&nbsp;</p><p><str