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8 FINANCIAL WELLNESS TIPS TO HELP YOU IMPROVE YOUR FINANCIAL WELL-BEING IN 2023

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Financial Wellness Tips

Did you make a new year’s resolution for better spending habits? To put more in savings, eat out less often, and check every line of your credit card bill? And you did it… for a few weeks.

Research shows that many resolutions fail by February or even by mid-January. We start with the best of intentions, but for a variety of reasons, we don’t make it to the goal.

Your money will help you achieve your lifestyle goals. Being clear on what your goals are, how your money can help you reach those goals and then regularly checking your progress will keep you on track.

It’s not too late to make this the year you take control of your finances! Here are 8 best practices for reaching financial wellness in 2023:

Best Financial Wellness Tips for 2023

Best Financial Wellness Tips

1. Create a Financial Vision Board.

What are your goals for this year? Travel? Monthly massages? What are your five-year goals? Moving? More emergency savings? Identify what is most important to you, and make sure to delegate some spending to those things. This is your financial “vision board.”

In making a budget, don’t just include food, housing and other needs. Include categories from your vision board. Since you will be watching your money to help you achieve your goals, you may check-in more often!

2. Build Your Emergency Savings… and Keep Them Safe.

Set aside some money with each paycheck for unexpected expenses, like car repairs or a lost job. Many financial experts recommend putting aside 3-6 months of living expenses, though you can certainly save more.

Make sure anywhere you store your emergency funds are FDIC insured for your protection. For flexibility, open both a savings account and a brokerage account. However, I don’t recommend storing emergency savings in an IRA, ROTH IRA, or 401K due to the tax implications involved with taking distributions.

3. Make Sure You Have Some Fun, Too!

There will be random moments you don’t want to pass up. Make a budget to meet your needs and work toward your goals but leave some room for a bit of spontaneous fun!

Making sure you have some fun along the way will help you better enjoy and maintain a budgeting habit.

4. Optimize Your Payments for Increasing Interest Rates.

Interest rates promise to increase during 2023. If you have debts, compare the interest rates of each. Pay off the high-interest debts first. (Credit cards often have high-interest rates.)

If relevant, consider refinancing your mortgage. You may be able to secure a lower interest rate or shorter-term duration. It is well worth the investment if the cost of refinancing is less than the amount you’d save by refinancing.

5. Be Ready for Inflation and Supply Chain Disruptions.

Even a small increase in the cost of food, gas, or heating can have a significant impact on your finances. Add an extra 10% to your living expenses to account for inflation or unexpected expenses.

Thinking about a construction project or a new car? The supply chain disruptions have significantly impacted the cost of lumber and vehicle computer chips. It’s a great time to sell but not an ideal time to buy. Consider waiting for a year to buy as the prices may decrease.

Is there a possibility you’ll need a lot of cash soon for a large project or expense? If you have a house, consider getting a home equity line of credit, as your home’s value may have increased. The amount you can borrow may have also increased.  

6. Continue Investing.

It is still worthwhile! to invest! Even as the market faces the challenges of the past years, stocks still are benefiting from increased value year over year. To avoid investing a large amount at a bad time, add smaller amounts consistently.

Additionally, rather than investing in just one or two stocks, diversify your allocations. This way, if one stock or industry has a market decline, you still have investments in others that may perform better.

7. Make It a Habit to Check in.

If you do nothing else, do this: periodically check in on your finances during the year.

After creating your goals and forming a budget around them, check back in regularly. It can be monthly, quarterly, or even biannually. During your check-in, compare your projections with where you are.

If your need is larger in an area than you projected it would be, shift your projections. Readjust your budget going forward. A lot can change over a few months, so be shifting your budget as your priorities shift as well.

8. Keep Guilt at Bay.

Regardless of how the people around you spend their money, focusing on your goals will help you reach and maintain good financial health.

And if you overspend? Again, readjust your budget going forward. Don’t let guilt or a setback stop you from striving to achieve your goals.

Budgeting does not have to include tracking every single dollar you spend on a spreadsheet. It is about having a general awareness of where your money is going. Being financially mindful and strategic will help you achieve financial wellness and, ultimately, your goals.

So, follow these handful of financial wellness tips and you’ll be well on your way to improving your financial well-being in 2023 and beyond!

Till next time,

STRIVE

PS – If you enjoyed this article on financial wellness tips, then you’ll likely love these invaluable tips for good money habits.

April Bortscheller is a Financial Advisor and Vice President for Berger Financial Group, a full-service employee-owned (ESOP) firm specializing in financial planning, income tax and portfolio management with a majority of its financial advisors being women. Since obtaining her CFP® certification in 2011, April has specialized in analyzing the bigger picture while remaining uniquely personalized and ethical, both for clients and the firm. April received her B.A. from the University of Minnesota and served 8 years in the Army National Guard. She is based in the Minneapolis area and enjoys spending time with her husband and 3 children.

Money

ADAM ENFROY’S NET WORTH AND HOW HE BUILT HIS FORTUNE

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adam enfroy

Adam Enfroy is an extremely successful internet entrepreneur, who transformed his personal blog into a powerhouse B2B media company in just a few short years. Having struggled for many years as a blogger, he finally “cracked the code” for creating a successful online business, allowing him to rapidly grow his ventures and his wealth. So, that’s exactly what we’ll be highlighting on this page, the net worth Adam Enfroy has managed to build for himself over the years, the earning power of his current fortune, and how he built it.

So, if you’re looking to learn a bit more about Adam Enfroy, some of his success insights, as well as his financial position, then let’s dive right in:

What Is Adam Enfroy’s Net Worth?

Adam Enfroy Net Worth

First things first, Adam Enfroy’s growing wealth is new to him. Just a few years back (in 2019) he was making nearly six-figures working for a digital agency, but barely had enough left over after paying all of his expenses to put $500 aside for wealth accumulation.

So, his net worth was not in the millions. That said, his revenue has been on hyperdrive over the past few years, and by the end of 2020 he started having plenty of left over money to create a small fortune for himself.

Thus, as of 2024, Adam Enfroy’s net worth is approximately $11.3 million. With the growth of his brand and the scaling of his diverse business operations in the past couple of years, his net worth has grown dramatically, and will likely continue to grow.

How Much Does Adam Enfroy Make Per Year?

In the past Adam Enfroy would self-disclose his monthly earnings on his website AdamEnfroy.com. However, in 2021 he stopped publishing his monthly income reports.

That said, his latest reference as to how much his business makes was around the $4.5 million dollar mark.[1] Which is what his three businesses brought in last year.

So, Adam Enfroy makes roughly $375K per month from his businesses, and his net worth can earn him an additional $37.6K per month (with a conservative 4% yield). As such, we put Adam Enfroy’s combined annual income at around $4.95 million per year.

ADAM ENFROY MONEY METRICS

Money MetricAmount
Net Worth:$ 11,000,000
**Earnings Per Year:$4,952,000
Per Month:$412,667
Per Week:$95,231
Per Day:$13,604
Per Hour:$566
Per Min:$9.44
Per Sec:$.15

Note: this is an estimated (but very possible) earnings metric based off the earning power of Adam Enfroy’s net worth and his estimated business income combined. This calculation is for entertainment purposes only and is only an estimate. Methodology

Fun Adam Enfroy Facts:

  • Adam Enfroy has 106K Instagram followers, 9K Twitter followers, 145K YouTube subscribers, and 5.6K linkedIn followers. As such, his grand total of social media following of 265K followers.
  • Enfroy graduated from Michigan State University with a degree in Media Arts & Technology
  • Adam Enfroy spent four years honing his digital marketing skills for large Corporations before starting his own business.
  • He tried many different business ideas and side-hustles over the span of 12 years.
  • Adam is the founder of AdamEnfroy.com and the Co-founder of Blog Growth Engine.
  • Adam Enfroy was born in Michigan, worked in Texas, was married in Turkey, and now lives in Florida.

How Did Adam Enfroy Build His Fortune?

After graduating from college, Adam spent a few years making money as a digital marketing consultant. He then landed a few digital marketing roles while in Michigan, and then moved to Austin, TX after being hired to work for BigCommerce’s marketing department.[2]

Adam made an instant impact for the company and was promoted after just 11 months as the company’s Affiliate Partnership Manager. However, despite earning over six-figures, Adam felt the urge to break out on his own.

After noticing how much money affiliate marketers were making, and getting to see first-hand how they worked their marketing magic, he chose to start his own online business in 2019. His success was slow at first, but after a few months of tightening up his business strategy, he found success.

After just nine months at the helm of his own ship, he was bringing in over $35 per month. Five months later he was at $45K per month.

Three more months would pass, and he scaled his business revenue to $80K per month. By early 2021 Adam would earn his first million dollars. And his revenue would continue to grow over the years, with last year’s revenue being at $4.5 million alone.[3]

Here’s what Adam Enfroy’s annual income has looked like over the years, and where it is projected to go:

YEAR INCOME GROWTH RATE
2019$100KStart
2020$200K100%
2021$1.5 Million800%
2022$4.2 Million200%
2023$4.9 Million17%
2024$5.5 MillionProjected 12%

So, Adam has built his wealth by leveraging his expert knowledge of the digital marketing space, to create his own online business, which earns much of its revenue from affiliate sales, partnerships, courses, and ad revenue.

That said, Adam built his fortune via specialized marketing skills and hustle. However, if he intends to keep his fortune, he’ll need to follow the steps outlined in these wealth building resources:

Adam Enfroy Success Insights

That said, if you want to learn more about Adam and how he makes so much money, consider watching this video. In it he shares some great insights on how you can make more money faster:

Video Credit: Adam Enfroy (Subscribe Here)

Related: Becoming a Virtual Millionaire

Key Takeaways

Here are some key Adam Enfroy takeaways:

  • Adam Enfory Net Worth:  $11.3 million
  • Annual Earnings **:  $4.95 million
  • Social Media Followers:  265K
  • Keys to Success:  Leveraged SEO Knowledge, Scaling His Business, Creating Helpful Content

Adam Enfroy’s net worth is not a small achievement, especially considering how fast he’s managed to build blogging growth engine (around 2 to 5 years). There’s no doubt that his operations, revenue streams, and product offerings will continue to grow, and with it, his fortune.

adam enfroy net worth quote

That said, hopefully you learned some new and useful insights about Adam Enfroy from this net worth profile. But, more importantly, we hope you’ve gathered that building a sizeable net worth is doable for just anyone, especially for bloggers.

Till you reach your aims,

STRIVE

PS – If you enjoyed our Adam Enfroy net worth profile, then you may equally enjoy learning about the net worth of other high achievers and influencers like:

** These earnings are hypothetical and calculated off of the earning power of Adam Enfroy’s net worth assuming a 4.0% dividend yield, combined with his estimated annual income.

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HOW TO INCREASE NET WORTH: 7 BEST WAYS TO BUILD YOUR WEALTH

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how to build net worth

One of the most important starting points for building wealth is to focus on your net worth. So, if you are eager to learn how to increase your net worth, and start building your wealth in the process, then this resource is for you.

However, before we dive into the best ways to build net worth, let’s first get clear on exactly what net worth is. In it’s most simplest form, your net worth is the value of all of your assets, minus all of your your liabilities. In other words, your net worth is essentially what you have left after you’ve subtracted the value of all your debts from the value of everything that you own.

“It’s Not How Much Money You Make. It’s How Much Money You Keep.”

– roberty kiyosaki –

Now, if you are serious about becoming wealthier, then you’ll have to get serious about your net worth. Having said that, getting wealthy isn’t the end all be all in life, but it is not a bad end result to pursue.

In fact, we are big believers that money equals freedom. Why? Because the more money you have, the more you can do, and the more you can do, the more free you are.

It’s all about options, and more money equals more options, and more options equals more freedom. So, let’s focus on building your net worth, both for the thrill of growing your wealth, and also for the benefit of achieving more freedom and flexibility in your life. With that said, if you’re ready to learn the best ways to increase your net worth and start building your fortune today, let’s get started:

7 BEST WAYS TO BUILD NET WORTH

How to Build Your Net Worth

Marcus Buckingham once stated, “What you focus on expands; results follow focus”, and it’s a powerful reason why everyone should focus on their net worth if they want build wealth. If you want your net worth to grow, if you want to become wealthier, you have to focus on the fundamentals. You have to focus on the incremental growth, and the activities the lead to that continued growth.

Being intentional about your money is key, because winning and getting richer is rarely an accident.

With that said, if you truly want to know how to build your wealth the steps below will guide you. These are the 7 most important things you should begin focusing on to increase your net worth starting today:

1. Save 10 – 20% of Your Paycheck Every Month

First things first, you’ll want to create the good money habit of saving at least 10 to 20% of your paycheck every time you get one. Allocating a portion of your income is the most important thing that you can do to begin building your net worth.

Save to Increase Net Worth

The key is that you do this consistently. Not every other month, not every other pay check, but every time you get paid. Once you’re habitually moving 10 to 20% of your money out of your account before expenses are paid, you’ll be actively building your wealth.

“On Average, Millionaires Invest 20% Of Their Household Income Each Year. Their Wealth Isn’t Measured By The Amount They Make Each Year, But By How They’ve Saved And Invested Over Time.”

– ramit sethi –

So, start stacking 10 – 20% of your paycheck every chance you get, and revel in the thought that you are virtually guaranteed to be richer tomorrow than you are today.

2. Build a 3 – 6 Month Emergency Fund

This next step will almost automatically happen if you successfully follow the step above. This step is important, because you’ll only want to save up a certain amount of money.

Technically you can put all your money into a checking or savings account; however, you’ll dramatically limit how fast your money grows if all you do is save your money. Why? Because interest rates (i.e. growth rates) are practically 0% in most checking and savings accounts.

So, your best bet is to only put enough money away to stave off an emergency, like a job loss, or unexpected roof leak, car accident, etc… 3 to 6 months is what is recommended by most financial experts.

3. Pay Off Your Debts, Begin With High-Interest Debt

Once you’ve created your emergency fund, you can move on to that thing which keeps most stuck financially, and that is debt. There’s various ways you can pursue paying off your debt.

You can begin moving that dedicated 10 to 20% you are saving every month towards your debts until they are paid off completely, or you can choose to put half of that amount towards paying off your debt, while investing the other half (or choose any ratio that feels right to you).

Many people choose to pay off all of their debts before invest. While others choose to aggressively pay off their debts, while simultaneously investing some of their money in stocks, ETFs, or investments that have a higher rate of return than the interest of their debts.

The approach you choose comes down to what you’re comfortable with. The important thing is that you just begin process of more aggressively diminishing your debts.

4. Invest As Much As You Can As Soon As You Can

This step is the step where you’ll really begin becoming rich and successful. Without a doubt is also one of the more enjoyable steps towards building wealth. Why? Because once you start investing your money into different investment vehicles like stocks, real estate, ETFs, etc.., you’ll really begin noticing the uptick in your net worth.

Related: Best Growth ETFs

Once your money is going towards investments, the growth usually accelerates due to compound interest and the higher growth rates that are typical of investments. (Disclaimer: Of course there is always risk of loss, and we are not investment professionals, so seeking expert investment advice is always recommended before you start investing your money.)

Invest to Increase Your Net Worth

So, once you’ve obtained your emergency fund, and have your debts under control, begin investing as much as you can as soon as you can, and your net worth will begin to grow dramatically.

“Get What You Can, And What You Get Hold, Tis The Stone That Will Turn All Your Lead Into Gold.”

Benjamin Franklin

5. Begin an Expense Management Plan

Once your net worth begins increasing, your enthusiasm for growing it even more will likely grow as well. When this happens, you’ll begin looking for ways to invest even more money.

At this point you’ll want increase the amount of money that you’ve committed to pulling from your income or paycheck. At this point, the only thing limiting how much of your income you can divert to your investments, will be your expenses.

Therefore, you’ll want to begin an expense management plan. An expense management plan is nothing more than you zeroing in on your expenses for the sole purpose of reducing what you are spending your money on.

Discover what expenses you can do without. Find out which expenses are frivolous, which ones can be minimized (i.e. looking for a cheaper internet service provider, cutting down on eating out etc..) In short, begin looking for ways to cut costs so you can increase how much money you have left over to invest.

6. Review Your Net Worth and Financial Goals Often

You don’t have to become obsessed with increasing your net worth to grow it; however, you’ll want to ensure you create a healthy concern for your financial well-being.

You’ll want to focus one your progress, and contemplate what’s been working, what isn’t working, and then adjust your wealth building activities according to your progress and how well they are aligning with your long-term financial goals.

A good place to start for tracking the growth of your net worth, should be at least once a month. If you can review the growth and change in your net worth, and plan accordingly at least once a month, you’ll start to see your wealth slowly grow.

If you’re not sure how to track your net worth, this article on how to retire early provides an easy way start tracking your net worth.

7. Upskill; Earn More to Invest More

This last suggestion for building your net worth is one of the most overlooked methods, but it it is by no means the least-effective. In fact, this step, if done correctly, can supercharge your ability to increase your net worth more than any other step.

Once you’ve built the previous wealth-building strategies into your net worth growth plan, you’ll want to focus on upskilling. In other words, you’ll want to find ways to become more valuable to your employer or the marketplace.

Earn More Money to Increase Your Net Worth

Becoming more valuable can be done in a variety of ways, but typically, learning new skills, or taking on new roles within your company can help you increase your pay.

You can learn new skills on platforms like Coursera, Linkedin, Udemy, and Udacity. So, if you’re serious up leveling up your skillsets, be sure to take a look at one of these top upskilling platforms.

Similarly, if you’re in business for yourself, you can find new ways to serve your customers and add more value through training or offering new products and services. So, build net worth by building yourself into something more valuable.

Ultimately, the end result will be an increase in income or profit for yourself. This increase in income and profit will translate into an increase in how much money you can invest. So, don’t overlook this step, as it can put your wealth-building efforts into hyperdrive.

“Your Success Will Always Be Measured By The Quality And Quantity Of Service You Render.”

Earl Nightingale

Related: How to Get Rich With a Normal Job

Final Thoughts

You now know how to increase your net worth, and as a result, you also have a solid plan to begin building your wealth today. The key is to remember what you learned, and then to apply it to your life daily.

With that said, here’s a brief summary of that plan that you can download, save, or print to help you have easy access to the steps that’ll help you build wealth. The list includes what we believe are the best steps for how to build net worth. We hope it helps you eventually achieve the net worth you choose to strive for:

How to Build Your Net Worth

If you enjoyed this resource, or if you know someone who might appreciate these simple ways to increase their net worth, please share it with them.

Lastly, if you enjoyed this resource on how to increase your net worth, then you’ll likely enjoy these powerful resources that will help you improve your perspective on wealth building:

Until you reach your aims,

STRIVE

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BRITISH BILLIONAIRE RICHARD BRANSON’S NET WORTH

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Richard Branson Net Worth
William Murphy | Flickr.com

Richard Branson is the world renowned international entrepreneur, adventurer, and icon of possibility. As the founder of Virgin Group, a multinational company which currently consists of over 400 separate businesses, and the author of over 12 different books, Branson, who was a high school dropout, has become one of the richest men in the world.

So, that’s exactly what this page will be highlighting, Richard Branson’s net worth and his potential earning power. We’ll also aim to cover a few fun facts related to his success and influence. So, let’s dive in.

What Is Richard Branson’s Net Worth?

Net Worth of Richard Branson 2023

As of 2024, Richard Branson’s Net Worth is approximately $3 billion.[1] Branson accumulated most of his fortune through the creation of his multinational conglomerate “Virgin” brand, which has become a powerhouse across multiple industries.

How Much Money Does Branson Make a Year?

There are various mentions of Sir Richard Branson’s annual earnings across the web, with many sources pointing to his business earnings. According to Business Insider, Branson’s Virgin Group brings in at least $21 billion a year in revenue.[2]

Of course, the revenue figures we found did not answer the question about how much money Branson actually makes a year. Unfortunately, there has not been any public disclosures regarding his earnings that we could accurately report on.

However, even without these figures, we still plan on providing you with how much money Richard Branson likely brings in a year from his business holdings alone.

These money metrics will be based off Richard Branson’s known net worth of $3 billon. So, if you’ve ever wondered how Richard Branson makes per day, month, or even a year, this metric we are providing below will give you a rough estimate.

To get to this number, we will have to presume Richard Branson’s investing acumen is on par with an average investor. In other words, capable enough to earn an annual 4% yield on his combined $3 billion fortune (Note: 4% is an extremely reasonable return to expect, especially considering historical returns on safe investments have typically fallen between the 3% to 5% range [3]).

Related: 4 Percent Rule

With that said, if Branson hypothetically liquidated all of his assets and invested them into a handful of stocks, ETFs, or REITS that yielded at the very least a conservative 4% dividend yield, he could easily be earning himself a cool $120 million per year, before taxes. Not a shabby income to make to sit around all day and drink Mojitos and work on his sun tan.

Richard Branson’s Money Metrics

Money MetricAmount
Net Worth:$3,000,000,000
**Earnings Per Year:$120,000,000
Per Month:$10,000,000
Per Week:$2,307,710
Per Day:$329,672
Per Hour:$13,736
Per Min:$228
Per Sec:$3.8

Note: this is a hypothetical (but very possible) earnings Metric based off of the earning power of Richard Branson’s net worth.  It does not include how much he potentially earns from his current projects, sponsorships, business revenue, or social media, etc. Again, this calculation is for entertainment purposes only. Methodology

Richard Branson’s Net Worth History

Richard Branson’s net worth history has followed an interesting path over the past couple of years. His wealth has been shrinking instead of growing.

That said, here is a graph that showcases how much his wealth has changed over the years.

Richard Branson Fun Facts: 

  • Richard Branson has 4.8 million Instagram followers, 4.5 million Facebook Followers, 126K YouTube subscribers, and 12.6 million Twitter followers. This comes out to a grand total of 22 million social media followers.
  • Richard Branson is married to Joan Templeman.
  • Branson’s first failed business was as a Christmas tree sales business.
  • He’s authored over 12 different books.
  • One of Richard Branson’s favorite books is 1984.
  • Richard Branson was just 23 years old when he became a millionaire.
  • Richard Branson has been to the edge of space.

How Did Richard Branson Get So Rich?

Richard Branson has managed to achieve so much success due to his penchant for risk-taking and his never-give-up attitude. Not only did Branson suffer dyslexia, drop out of high school, and suffer many other setbacks throughout his career, he has always found a way to turn his challenges into opportunities.

Richard Branson is a perfect example of how embracing change, taking action, and fearlessly following your gut can lead to great achievements, because that’s the exact recipe he’s followed time and time again through out his career.

He pulled himself up by his bootstraps, tried his hand a multiple businesses, and persisted until one of them hit. And since that initial success, he’s has yet to look back. His first successful venture was with his creation of a magazine publication, then successfully expanding into the recording business, then airlines, and now he’s seeking to become a major player in the space industry.

“Every Success Story Is A Tale Of Constant Adaption, Revision And Change.”

– richard branson –

Read More: Richard Branson Quotes

More On How Richard Branson Built His Fortune

If you’re looking for a quick, but entertaining breakdown on how Richard Branson built his fortune, you’ll enjoy this short video produced by Forbes:

Video Credit: Forbes (Subscribe Here)

Related: Richard Branson Success Story

Build A Fortune Like Branson

Richard Branson’s net worth is a remarkable achievement, and while building such a staggering net worth may seem out of reach for most, it doesn’t mean we can’t build our own sizeable nest egg.

All you have to do is follow a few simple steps, and you’ll be able to create your own impressive net worth. Sure, it may never get to the heights of Branson’s fortune, but, then again in may if you start your own business venture.

Regardless of how you go about it, you’ll have to start somewhere, so start here:

Key Takeaways

Here are some key Richard Branson takeaways:

  • Branson’s Net Worth:  $3 billion
  • Annual Earnings **:  $120 million
  • Social Media Followers:  22 million
  • Keys to Success:  Innovation, Risk-Taking, Persistence

Richard Branson’s sizeable net worth is directly related to his penchant for experimenting with new bold business ideas, quickly ridding his portfolio or the duds, and sticking with the ones that showed traction.

His thought leadership and aiming to stay ahead of the curve in terms of customer interest and sentiment, helped him find heaps of financial success along the way.

richard branson net worth quote

With that being said, If you enjoyed this Richard Branson Net Worth page, then you’ll chances are you’ll also enjoy learning about fellow billionaires like:

We hope you enjoyed these insights, and most importantly, we hope they inspired you to begin building your own fortune.

Till you reach your aims,

STRIVE

** These earnings are hypothetical and calculated off of the earning power of Richard Branson’s net worth alone, assuming a 4% dividend yield.

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Money

25 KEY FINANCIAL STATISTICS THAT YOU SHOULD KNOW ABOUT

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scary financial statistics

Achieving financial security and becoming financially successful are both extremely important for living one’s best life. But, it’s rare to find a truly happy and fulfilled person who’s financial situation is in shambles. So, to help you better prepare yourself mentally and financially for the challenges of tomorrow, it’s important that we cover these very scary financial statistics with you.

The purpose of publishing these figures is not to scare you, rather, it’s to help you wrap your mind around the reality and challenges that lay before us all. The more you know, the more prepared you’ll be when it comes to navigating the financial challenges we all face. So, let’s get into these scary statistics and see what we can learn from them:

CRITICAL FINANCIAL STATISTICS

1. Only 57% of American adults are considered to be financially literate.

2. Most Americans lose an average of $1,819 annually due to financial illiteracy.

3. More than 66% of Americans are anxious about their finances.

4. More than 63% of America lives paycheck to paycheck.

5. Over 35% of fully employed American families still struggle to afford minimal household expenses.

6. At least 73% of American adults rank their finances as their primary stressor.[1]

7. Only 33% of people have emergency savings, but not enough to cover 3 months of expenses.

8. More than 49% of adults have less savings or no savings compared with a year ago.

9. A staggering 56% of Americans feel like they are behind on their retirement savings.[2]

10. A striking 57% of Americans can’t afford a $1,000 emergency.

11. More than 68% of people don’t think they’d be able to cover one month of living expenses.[3]

12. The average personal savings rate of Americans is 3.9%.

13. Americans have racked up over $1 trillion in credit card debt.[4]

14. The national average credit card debt is $7,279.[5]

15. The average student loan debt per borrower is $28,950.

16. The current average mortgage rate on a 30 year loan is 7.6% [6]

17. Over 29% of Americans don’t saving any of their money.

18. The average hourly rate across the country is $28.

19. The average annual salary nationwide is $59K.[7]

20. Only 24% of Millennials have basic financial literacy.

21. More than 65% of Americans don’t know how much they spend every month.

22. Only about 34.6% of working age Americans are actually saving for retirement.[8]

23. Only 18% of individual Americans make over $100K per year.

24. Over 45% of $100K+ earners live paycheck to paycheck.[9]

25. The median net worth for individuals across the nation is $192K.

What Should You Do?

If you looked at these scary financial statistics, and you felt like you fell within the range of some of them, rest assured there’s still hope. In fact, here are a handful of things that you can do immediately to improve your financial stats.

1. Become a Student Of Money

First off, you’ll likely want to get serious about becoming more financially savvy. What does getting serious look like?

It looks like admitting to yourself that there’s room for improvement when it comes to your personal finances. For things to change, you’ll have to change.

So, it means opening your mind to learning. Becoming more financially savvy has a lot to do with becoming a better student of money. That said, here’s great list of Financial Books to help you level up your Financial IQ, starting today.

2. Become More Disciplined

Believe it or not, many money problems come down to a simple lack of discipline. So, if you’re looking to change your money situation, maybe you many want to look at your discipline levels.

You’ll have to be honest with yourself. And if discipline is indeed the culprit, you’ll want to commit to becoming more disciplined with your money habits.

Why? Because 99% of good money management comes from having iron clad discipline. Indeed, self-discipline is the key to success with your finances.

3. Create a Budget

A little discipline goes along way. And if you’ve yet to create a budget for yourself, you may want to muster up the discipline to create and stick to one, a.s.a.p.

This simple little step will help you get a better idea of where your money is going. As such, it will provide you with data that you can take action on.

And once you get your budget up and running, it’ll help you discover some ways to save money. Which leads to the next best thing you can do.

4. Begin Upskilling

One of the easiest ways to secure your financial well-being is through education. As mentioned above, financial education is important, but so is furthering your education as it pertains to your job or skills.

A key term for this type of education is called upskilling. Basically, if you aim to continue sharpening your knowledge and skills via courses and certifications, you can slowly make yourself more valuable to the marketplace.

And when you’re more valuable to the marketplace, you’ll eventually be able to make more money, which will help you better navigate away from the scary statistics just mentioned.

5. Start Saving & Investing More

By simply putting more money away into savings and then into investments, you’ll dramatically change your financial landscape. Once you’ve ironed out your budget, try to find a way to do this on autopilot (meaning set up automatic deposits).

Because once you make the act of saving and investing automatic, you’ll be well on your way to financial security. On top of this, you’ll quickly become part of the group of people who have true financial peace and are living their best life.

Till you reach your aims,

STRIVE

Sources:

[1] zippia.com [2] bankrate.com [3] fortune.com [4] cnbc.com [5] lendingtree.com

[6] bankrate.com [7] forbes.com [8] bls.gov [9] zippia.com

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ARNOLD SCHWARZENEGGER’S NET WORTH AND HOW HE GOT SO RICH

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Arnold Schwarzenegger Net Worth 2023

Arnold Schwarzenegger is was once one of Hollywood’s biggest megastars who entertained the world for over four decades.  He is also one of the most important figures in history when it comes to bodybuilding.  Truly, Arnold has one of the best “Rags to Riches” stories out there, capable of inspiring just about anyone.  And when an individual has the level of accomplishments under their belt the likes of Arnold, wealth is sure to follow. 

So, that’s exactly what this page will be highlighting, Arnold Schwarzenegger’s net worth and his earning power. And, just for good measure we’ll also include a few fun facts related to his success and influence. So, let’s dive in.

What is Arnold Schwarzenegger’s Net Worth?

Arnold Schwarzenegger Net Worth

So, what is Arnold Schwarzenegger’s Net Worth?  Well, according our research, Arnold’s Net Worth as of 2024 is approximately $450 million.  And of that $450 million nest egg, $100 million of it is tied up in Real Estate.  With that being said, Arnold has not yet hit billionaire status. Of course before all is said and done, Arnold and his legendary ambition may just see him get there.

How Much Does Arnold Make Per Year?

At the height of Arnold’s career he was earning approximately $25 to $30 million per movie; however, with his best days in Hollywood behind him, it is difficult to discover an official and exact number on his current annual earnings.

However, even without these numbers, will still plan on providing you with a solid estimate for how much Arnold could make per year, month, and day based off his net worth of $450 million alone.

Assuming Arnold is a savvy enough investor to earn an annual 4.0% dividend yield on his combined $450 million net worth (FYI, a 4.0% return on investment is a very reasonable yield to expect, especially considering historical returns on safe investments tend to fall between the 3% to 5% range) by investing in a handful of historically strong investments like the Dividend Aristocrats, his annual earnings would roughly be around $18 million

Arnold Schwarzenegger’s Money Metrics

Money MetricAmount
Net Worth:$450,000,000
Earnings Per Year:$18,000,000
Per Month:$1,500,000
Per Week:$ 346,156
Per Day:$49,451
Per Hour:$2,060
Per Min:$34.34
Per Sec:$0.57

Note: this is estimated earnings metric based off of the earning power of Arnold Schwarzenegger’s net worth’s alone.  It does not include how much he potentially earns from projects, sponsorships, or social media. Again, this calculation is for entertainment purposes only. Methodology

Arnold’s Social Media Influence

Since we’re on the top of dollars and cents, have you ever wondered how much Arnold Schwarzenegger’s social media influence could earn him? If so, we have those figures for you.

First things first, Arnold has 22.1 million Instagram followers, 25 million Facebook Followers, 1.25 million YouTube subscribers, and 4.9 million Twitter followers. This comes out to a grand total of 53.25 million social media followers.

As such, per the current social media marketing rates, Arnold could very easily request a cool $500,000 per sponsored post, if he did it right. That’s not bad money for a side hustle.

Fun Arnold Schwarzenegger Facts: 

  • Arnold is the proud father of 5 children (Katherine, Christina, Patrick, Christopher, and Joseph).
  • Scwharzenegger made millions as the co-owner of a bricklaying company before hitting in big in showbiz.
  • Arnold only sleeps 6 hours a night.

How Did Arnold Get So Rich?

Arnold Schwarzenegger was born in Austria and set his sights on becoming a big success in America at an early age.  His path to greatness would be inspired by a body builder he looked up to who leveraged his success in the sport to make it into Hollywood.  And that is exactly what Arnold did. 

He became a world-famous bodybuilder after becoming the youngest person to ever win a Mr. Universe title, and then went on to win five additional Mr. Universe titles and seven Mr. Olympia titles. 

And, in the footsteps of his mentor, he then piggy backed off that success to become a world-class action hero on the silver screen.  And the rest was history.

Arnold would then go on to become one of the biggest names in Hollywood, creating hit movies like ‘Conan the Barbarian’, ‘The Terminator’, ‘Predator’, ‘Total Recall’, ‘True Lies’, ‘Kindergarten Cop’, ‘Twins’, ‘The Expendables’, and many more.

And well, Hollywood pays well. Very well. So, Arnold got really rich, once he made became a Hollywood star.

That said, rumor has it, that he was a millionaire before breaking into Hollywood. He raked in quite a bit of dough as Mr. Universe, and he who owned his own brick laying business.

For a more detailed account of Arnold’s “Rags to Riches” story and how he became so successful, be sure to check out our Arnold Schwarzenegger Success Story.

Arnold Schwarzenegger on Success

So how did he accomplish such massive success?  Well, after studying Arnold’s career, his words of wisdom, and his journey to success, we’ve concluded that the traits most responsible for Arnold Schwarzenegger’s massive success comes down to the following:  having a vision, thinking big, and being self-disciplined.

Related: Arnold Schwarzenegger Quotes

Video credit via Chispa Motivation (subscribe to their channel)

Grow Your Net Worth Like Arnold

 Arnold Schwarzenegger’s net worth is almost as impressive as his muscular physic. One thing we can both agree on, is that both are massive. And while not everyone will be able to grow their net worth, or muscles to the same degree that Arnold has grown his, we can also grow ours to be larger than it is today.

With that said, if you want to build net worth like Arnold built his body, here are a few key resources you can tap into today to help you get going with building yours:

Key Takeaways

 Here are some key Arnold Schwarzenegger takeaways:

  • Arnold’s Net Worth:  $450 million
  • Annual Earnings **:  $18 million
  • Social Media Followers:  53.25 million
  • Social Media Earning Power: $500K per sponsored post
  • Keys to Success:  Vision, Big Thinking, Self-Discipline

Arnold Schwarzenegger’s sizeable net worth is a biproduct of his having a clear vision of what he wanted, his ability to think big about every aspect of his career, and the willingness to employ the self-discipline necessary to bridge the gap between his goals and the achievement of them.  

We hope you’ll take this information, and let it move you towards creating your own inspiring story and Titan-sized net worth.

Till next time,

STRIVE

PS – If you enjoyed our Arnold Schwarzenegger net worth profile, then you’ll likely enjoy the following profiles: Sylvester Stallone Net Worth | Bruce Lee Net Worth

** These earnings are hypothetical and calculated off of Arnold Schwarzenegger’s net worth’s earning power alone assuming a 4.0% dividend yield.

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DAN PENA’S NET WORTH AND HOW HE GOT SO RICH

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Dan Peña, a.k.a., the Trillion Dollar Man, is one of the world’s most successful high performance business coaches. He’s also a highly successful entrepreneur, and an in-demand motivational speaker who is best known for his tough-love messaging and ball-busting personality. As the founder of the Guthrie Group, and the Quantum Leap Advantage, a transformational program that teaches people how to tap into their potential and build generational wealth, he’s managed to build up his own sizeable fortune over the years. How sizeable? Well, that’s exactly what we aim to highlight on this Dan Peña Net Worth page.

So, if you’re looking to discover exactly how much Dan Peña’s is worth, how much he makes, and how he’s managed to become so wealthy, then you’ll enjoy this page. So, if you’re ready, let’s dive in to the details:

What Is Dan Peña’s Net Worth?

According to various sources, Dan Peña’s net worth has been listed at roughly $500 million since 2021.[1] However, we all know Dan Peña is a wealth-building machine; so we’ve reassessed his fortune based off of his activities in the past few years and the change in the markets.

As such, after calculating data drawn from various public sources in conjunction with the performance of the markets across the various asset classes he’s invested in, his net worth has changed. So, per our research and analysis Dan Peña’s net worth is now estimated to be approximately $550 million as of 2024.

How Much Does Dan Peña Make Per Year?

Have you ever wondered how much Dan Peña makes per year? Us too. However, after conducting extensive research to provide you with this figure we fell short. Unfortunately, Dan Peña has not allowed for much of his personal financial figures to be made public.

The one thing we do know though, is that most of his income as of late, stems from his consulting business via the Guthrie Group and his offering of the Quantum Leap Advantage program.

That said, we can provide you with the amount of money Dan Peña could easily make per year just from leveraging his wealth. So, accepting The Trillion Dollar Man moved his entire fortune into a bucket of safe assets with low volatility that yielded an annual 4% per year (Think ETFs, REITs, Stocks, etc..) he could very easily pull in $22 million a year passively, without even putting a dent in his massive $550 million net worth.

Throw in a few extra million here and there from his consulting and coaching businesses, and that’s what we call good living.

Dan Peña Money Metrics

Money MetricAmount
Net Worth:$550,000,000
**Earnings Per Year:$22,000,000
Per Month:$1,833,333
Per Week:$423,076
Per Day:$60,439
Per Hour:$2,518
Per Min:$41.97
Per Sec:$.69

Note:  This is an estimated earnings metric based off the earning power of Dan Pena’s net worth.  We apply our own rigorous methodology to supply you with accurate calculations; however, these figures are ultimately for informational and entertainment purposes only. Methodology

Dan Peña’s Social Media Earning Power

Dan Peña is a master of social media marketing, especially paid advertising. Just do a little research on him, and you’ll see what we mean (hint, you’ll be drawn into his funnel).

Having said that, his social influence is also a potential money maker for him, as it is for every influencer. So, how much can his social media earn him? Well, Dan Peña has 396K Instagram followers, 48.6K Twitter followers, 4K Facebook followers, 84K Tik Tok followers, and 396K YouTube subscribers, for a grand total of 928K social media followers.

Therefore, after incorporating current social media market pricing, Dan can easily charge around $10K per sponsored post.

Key Dan Peña Facts:

  • Dan Peña was born In Jacksonville, FL, but raised in Los Angeles, CA.
  • He owns his own castle in Angus, Scotland.
  • Dan Peña first became a millionaire at the age of 39.
  • He founded a natural resource based company and grew it from $820 to $450 million in 8 years.
  • In 2021 Dan became a U.K. citizen.
  • Dan Peña is known as The Trillion Dollar Man because of trillion dollars + in equity/value he’s helped create via the mentees who’ve implemented his QLA program.
  • The top 2 books he recommends most for success: Think and Grow Rich & Release Your Brakes.

Related: Dan Peña Quotes

How Did Dan Peña Get So Rich

Dan Peña’s journey to wealth and success is a testament to unwavering resilience and an indomitable entrepreneurial spirit. Hailing from the rough neighborhoods of East Los Angeles, Dan’s character and work ethic was developed by adversity and tough love.

Having a father, who was a distinguished veteran of both World War II and the Korean War, he learned how to be self-reliant and disciplined from a very young age.

Dan Peña spent some time working for an entertainment company early in his career.  The company had interests in real estate, finance, and insurance, which helped him develop his business chops, as he grew to become the CEO of the company.

He then went on to work for Bear Stearns, and then went on to become the Chairman for JPK Industries, which was a vertically integrated company in the Petroleum industry.  Again, here learned even more about business in this role, and the petroleum industry. 

Dan decided to leverage his business acumen and knowledge of the petroleum industry to strike out on his own.  This would eventually lead to his big break in business, which came with the inception of Great Western Resources Inc. (GWRI).  

After making a modest initial investment of just $820, he managed to successfully grow the business, despite a collapsing energy industry, catapulting the company’s market capitalization from mere hundreds to an astounding $450 million in just eight years.

After becoming a multimillionaire, Dan began dedicating his efforts to personal growth through the creation of his Quantum Leap Advantage program, a platform that empowers others to follow his footsteps towards success.

So, he became a multimillionaire in the energy industry, and continue to expand his net worth by providing performance coaching to ambitious future-millionaires all over the world.

Key Takeaways

Here are some key Dan Peña takeaways:

  • Dan Peña Net Worth:  $550 million
  • Annual Earnings **:  $22 million
  • Social Media Followers:  928K
  • Social Media Earning Power: $10K per post

There have it, the net worth of this castle-owning, non-sugar coating high achiever. There’s no doubt that Dan’s net worth is directly related to his shrewd business sense, and tough-love methods which helps him and his mentee’s results.

We hope you enjoyed our assessment and learned a few new things about Dan Peña. Having said that, if you’re looking to grow your wealth like Dan, it won’t hurt to study his ways, as he clearly knows a thing or two about building wealth.

Till you reach your aims,

STRIVE

PS – If you enjoyed our Dan Peña Net Worth profile then we have a hunch you’ll also enjoy learning about the fortunes of other peak performance coaches like the following:

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TOP 10 GOOD MONEY HABITS YOU SHOULD ADOPT THIS YEAR

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10 Good Money Habits

Although you may have ambitious plans with your money, bad habits can stand between you and your goals. However, creating good money habits can make all the difference between financial success and failure.

Sure, creating the right money habits will take time, but eventually, they’ll become second nature, helping you achieve even your most ambitious goals. With that being said, here are a few of the most effective money habits you can develop to help you reach your goals and find more financial success this year.

10 EFFECTIVE MONEY HABITS

Effective Money Habits

1.   Budget

Create a budget and commit to it. Budgeting is a good money habit that gives you control over your finances. It is a plan for how you intend to spend your money every month. The most popular budget-planning ways include:

  • Budgeting apps
  • The 30-30-30-10 rule
  • Online cash envelopes
  • The 50/30//20 rule. 50 percent of your income goes to necessities, 30 percent goes to wants, and 20 percent goes to your debt or savings
  • 60-30-10 budgeting

If you are unsure, consider trying a few options before settling for one. The goal is to find a budgeting technique that works for you.

2.   Plan Your Purchases

Unplanned purchases may be fun, but they will cost you heavily in the long run. Create a list and stick to it when you plan to get a few items from the drugstore.

Be sure of the amount you wish to spend and whether you can afford to make a few adjustments. This way, you get everything you want without falling into the trap of impulse buying.

Even the most minor unplanned purchases can add up and get you off track over time. The same applies to online purchases. Before opening your favorite online store, figure out what you want and create a budget.

3.   Have Clear Financial Goals

A great financial habit to hone, is to create clear financial goals. If you don’t have clear financial goals, you have nothing to work towards. Having goals is one of the most crucial money habits.

Saying you wish to save money isn’t enough. You must attach specific numbers and timelines to your goals. You also have to attach some action to your ambition. Try making your financial goals as detailed as possible. Here are a few essential questions to ask when setting your financial goals:

  • How much money can you afford to put towards your goals every month?
  • Do you have a way of measuring your progress?
  • Can you find extra money in your budget to help speed progress for your goals?
  • What are your time limits?

Related: Smart Moves for Financial Success

4.   Consistent Financial Education

Invest in consistent financial education even if you don’t think you need it. No matter how disciplined you think you may be, there’s always something new to learn.

According to Kenneth Boyd, an expert from AIS-CPA, taking a financial crash course is a great idea.

However, you don’t need to go that far. The internet has many helpful resources that may help you accomplish your financial goals. Read finance websites and blogs, listen to finance podcasts, and learn from those around you.

5.   Pay Yourself First

One of the best ways to avoid overspending is by creating a budget. However, if the goal is to grow your savings, always pay yourself first. When you get your paycheck, the first thing you should do is put a specified amount towards savings.

saving is a good money habit

Create your budget with whatever is left. If you wait to pay yourself after settling your bills, you may not have enough left to meet your financial goals.

With that being said, a simple and effective way to get this good habit started, is to set up an auto-transfer of a specified amount of money into your savings account(s) to make this possible.

6.   Lean In On One Spending Category

Trying to save in all aspects of your life can be challenging. If you are always looking for opportunities to save, it may feel like you are spreading yourself too thin. It would be easier to commit to saving in specific areas.

Start with the easy steps. If you spend a lot on redundant things, cut back. Easy wins will motivate you to keep going.

If, for example, you have recently joined your local sports league, it may be okay to give up your gym membership. If you have been going out for brunch every weekend and can’t imagine giving it up, save on your grocery shopping.

You don’t need to save on everything at the same time.

7.   Track Your Spending

Tracking your spending isn’t as simple as it may sound. It isn’t surprising that 65 percent of Americans can’t explain what they spend on every month.

This is a money habit that you need to ditch immediately. Start tracking every dollar. It is the only way to know what needs to change. Here are a few tips to keep track of your spending:

  • Use a spreadsheet to record your expenses
  • Use tracking software
  • Write everything down

Related: Retire Young by Tracking This

8.   Increase Your Income

Identify opportunities to increase your income and take advantage of them. Making the most of what you already have is essential, but it is crucial to strive to get more.

Increasing your income will ultimately give you more flexibility and freedom. And when you have more income, saving and budgeting becomes easier. In addition, when you increase your income, you’ll simultaneously be creating a safety net around your initial financial goals by minimizing the chances of spreading yourself too thin.

9.   Track Your Progress

Tracking your progress motivates you to keep pursuing your financial goals. Take some time every month to see how much you have accomplished.

How much have you saved? How much debt have you paid off? What can you do better?

If you have been saving for something, keep track of how close you are getting to it. Seeing results does not only boost your motivation. It also points out what you need to do better.

10. Review Your Plan Regularly

Out of all of the good money habits mentioned, this last one can’t be recommended enough. Why? Because having a plan for your finances is great, but it isn’t enough.

You must review and update your plan to suit your changing financial needs and lifestyle.

good financial habits - planning

The plan should help in assessing, planning, and improving your current and future financial life. With that being said, it would be wise to review your plan once every six months or whenever you make significant life changes.

Related: Get Rich With A 9-to-5

Bonus Money Habit

This bonus habit has to do with your money mindset. One of the best ways to improve how you think, feel, and handle your money, is to go to work on your mindset. Reading personal finance books is one way to do this, but another way that is quite effective, is to employ money affirmations or mantras.

If you’re not familiar with affirmations or mantras for improving your mindset, here is a great place to start: money affirmations

The link above will give you a handful of powerful money-related affirmations to try. It will also provide some insights about what affirmations are and why they are so effective.

So, give them a try. You have nothing to lose, and only improved money habits to gain.

Final Thoughts

There you have it, the top 10 money habits you should adopt this year to increase your financial success. Here they are again as a quick recap:

  • Create a Budget
  • Plan Your Purchases
  • Have Clear Money Goals
  • Consistent Financial Education
  • Pay Yourself First
  • Leon In On One Spending Category
  • Track Your Spending
  • Increase Your Income
  • Track Your Progress
  • Review Your Plan Regularly
  • Improve Your Money Mindset

Developing the proper money habits will propel you into a richer, more fulfilling life. It can also help you meet your financial goals.

While bad money habits will leave you struggling and in debt. So, employ these good money habits and you’ll be well on your way towards creating a brighter financial future for yourself.

Till next time,

STRIVE

PS – If you enjoyed this article on some of the most effective money habits you should adopt, then you’ll love this post on the best money quotes of all-time in addition to these financial literacy quotes. Why? Because they will help you strengthen your money mindset. And a stronger money mindset leads better money management.

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