PODCAST: November 8, 2025
Wealth Isn’t an Accident: The 9 Moves the Rich Make (That Most People Don’t)
In this episode, Roy tackles a big question: What do wealthy people do that most folks don’t? He starts with mindset and a written plan—your “Financial GPS” of Goal, Plan, Schedule—then shows how to automate saving, maximize retirement accounts, and diversify across cash, bonds, stocks, and annuities so you can turn savings into “do-nothing money.” Roy also lays out the “defense”: budgets that actually work, emergency funds, the difference between good and bad debt, proper insurance, and basic estate planning. Practical, step-by-step, and implementation-focused. Visit roymatlockjr.com or call 615-843-2999.
Key Takeaways
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Start with a written plan (“Financial GPS”): define your Goal, Plan, and Schedule, review it regularly, and let it drive daily actions.
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Aim for “do-nothing money.” Rule of thumb: accumulate ~16–20× your desired annual income to sustainably draw 4–5% in retirement.
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Use the SEC compound interest calculator to back into monthly savings needed for your target.
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Pay yourself first & automate it (bank draft or paycheck). Consistency beats occasional effort.
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Dollar-cost average through market cycles—keep buying on schedule to lower average cost.
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Max retirement contributions (401(k)/403(b)/457, traditional & Roth IRAs, backdoor Roth when appropriate); grab the match and tax benefits.
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Diversify across asset classes & “risk buckets.” Use cash, bonds, stock funds/ETFs, and consider annuities for lifetime-income components.
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Build multiple income streams (business, side income, passive investments) so a setback doesn’t derail the plan.
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Play defense: working budget (draft-account system + weekly spend), emergency fund, right-sized insurance (term life, disability, P&C), and updated estate docs/beneficiaries.
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Good vs. bad debt: keep low-rate, affordable debt tied to appreciating assets; avoid financing depreciating stuff you can’t afford.
