Who Are the Wealthy and How Did They Get Rich?

As a financial planner, I've had a unique view into the full financial picture of thousands of Canadians and have read countless studies.

My experience spans clients of varying financial backgrounds, as well as countless conversations with readers of my blog, friends, and acquaintances.

Although our clients may not represent the entire population—they tend to have higher incomes, are growth-focused, and always work with a clear plan—my broad exposure has helped me form a solid understanding of what wealth really is and the common ways people achieve it.

In my latest podcast episode I'll cover some key questions that get to the heart of wealth.

You'll learn:

• How much do you need to be "wealthy"?

• What do media stories get wrong about the wealthy and the poor?

• Why are people with high incomes different from people with high net worth?

• Is a high income important to become wealthy?

• Do most wealthy people inherit their wealth, or do they grow it themselves?

• What types of people have high net worth?

• What does the Lifecycle Investing study tell us about growing wealth?

• How can you become wealthy?