How To Build Wealth In Your 50s – The Wealth Building Guide

How To Build Wealth In Your 50s, 60ss and 70s

How To Build Wealth In Your 50s

Relax! You still have time! If you’re looking to learn exactly how to build wealth in your 50s without a bunch of hype and false promises, then keep reading on.

While you may not have the time you once did, you can still learn how to become rich after 50 in a way that helps you live a free lifestyle, even while you’re aging.

No, you’re not going to be introduced to any “get rich quick schemes” of any kind here.

How To Build Wealth In Your 50s

What you’re going to learn is the real strategies to build wealth that older people use to get ahead of their younger counterparts.

Because you may know it, or not… The average “millionaire” statistics and case studies have shown 2 important facts about building wealth:

  1. The average millionaire is 62 years old.
  2. 80% of wealth is earned and not inherited.
  3. 61% of US millionaires are between 60 and 79 years old.

This means that even while you may be asking yourself, “Seriously, how can I build wealth in my 50s without wasting any more precious time?” you still have a great chance and opportunity to grow your wealth in meaningful ways.

We will show you wealth building ideas that will shine light on how to get ahead of the money making game, even while you may feel behind.


Is It Too Late To Accumulate Wealth In Your 50’s?

The short answer, is NO!

Even if you’re in your 60’s or older, the average lifespan of most people across the world is increasing drastically.

Image provided by:

Life expectancy increase from 1955

This fact is allowing you much more in time to take the necessary steps needed to increase your wealth and network, whatever your age.

We often underestimate our ability to create wealth, and there are many reasons for this.

One of them, is that most people believe it’s difficult to generate wealth.

When in reality, the wealth building process is really just a systematic way of earning and saving more than you spend. Learning to invest in things first that bring you more money, instead of spending money on material goods that you really do not need.

To build wealth online or offline it takes:

  • Time
  • Energy
  • Money
  • Effort

As we age, we do lose some of the compounding effect more time provides us, however you still keep the 3 other fundamentals of wealth building in check.

We can show YOU how to capitalize on the fundamentals of building wealth, regardless of age, that anyone can apply to build passive income sources.

learn how to build wealth in your 50's


What Are The Best Ways To Make Money In My 50’s?

The fundamentals of building wealth are the same regardless of your age!

In fact, if you take a look at some of the most successful figure heads in history, you’ll find that many of the wealthiest people never built their wealth successfully until they were at least 50, 60, or even 70.

To get started, we have put together 4 great methods to build wealth in your 20’s, 30’s, 40’s, 50’s – and even older!

These fundamentals apply to wealth building regardless of age, sex, gender, or your preferred favorite kind of dessert!

You want to make sure you steer clear of anyone who suggests you’ll get rich quick, or without investing any money.

Often scammers tell you that you can “make money without doing anything”, but this is a clear lie. The genuine and legit ways to make more money in your 50s or older, are solid and have existed for thousands of years. OK, lets talk you through 4 genuine ways to accumulate solid wealth in your 50’s!


4 Ways To Build Wealth In Your 50s

To get the most out of reading this article, you’ll want to immediately use and apply the knowledge you’re about to go through.

Because when you’re trying to make a serious effort to learn more about how to accumulate wealth in your 50s, you have to take the action to match.

These following fundamentals for growing your wealth and net worth are for those people who are willing to take action. Being able to manage your wealth successfully is inherently dependent on following these fundamentals of wealth very closely.

Even if you aren’t confident in yourself, anyone can learn with these strategies on how to build wealth in your 50s and beyond.


Can Cutting Costs To Build Wealth

“Oh no, we’re cutting costs… This means we’re shrinking!” – Nope! That’s not quite it…!

What you’re aiming to do when you want to scale and build wealth, is simply cut unnecessary costs in order to use that money to build more wealth.

The average person usually goes about it the wrong way, they spend money on material things first, and then do not have any money left over to better their personal finances. Essentially they fail to spend their money in the right places.

Yes, you can spend your money on all the wrong things. But when you do this over time, you drastically decrease the amount of liquid assets and invested wealth available to you.

Of course you always want to have your basic living expenses covered, but then you should always look at every purchase you make in a different light.

You want to cut your cost and reduce your debt while investing that money into assets that pay you.

As an example: Do you purchase a new big screen TV, or do you invest that money in your local power companies drip plan? It may not seem like a huge amount of money, but every dollar counts when you want to accumulate wealth fast.

Which purchase is going to bring you closer to being wealthy? If you want to build your wealth, you have to start looking at things much differently.

Which purchase is going to bring you closer to being wealthy


We wanted to share some actionable tips on some steps you can take to CUT COSTS TODAY! (You should view each cost cut, as an investment and growth of your wealth. Because it is!)

  • Cut down on unnecessary living expenses. You often waste money on buying food you’ll never eat, buying small gadgets, and making small unnecessary purchases that over time could instead equate to tens – hundreds of thousands of dollars invested or saved. A lot more wealth and net worth!
  • Reduce how much you spend going out to eat. Yes, of course you can still go out to your favorite restaurants. But, if you simply reduce how much you go out to eat, you can save thousands to tens of thousands of dollars every year. Think… If you’re 50, and over the next 10 years you save and invest $50,000 that would have been spent on food, how much more money will have been added to your wealth by age 60? (If you do the math, it could be up to $150,525+ with compound interest)
  • Stop constantly upgrading your phone or vehicle to the “new and improved model”. No, you don’t need the iPhone 52, if you already have the iPhone 50. The differences between the “newer and next best thing” is often so small that you will never notice. This is why you need to ignore the marketing done by these companies that attempt to give you a fear of missing out. You’re not missing out on anything, especially when your current vehicle does everything you need it to already. You need to make improvements in your investments for growing your wealth in your 50s, not letting your money waste away.
  • Reduce consumption, you don’t need or even really want the majority of what you spend money on. The mindset change for being a consumer to becoming a producer is HUGE. By being a producer, you enable yourself to drastically increase your wealth by leaps and bounds. No longer are you at the whim of the advertisements you see around you… You now are in charge and in control of your wealth and the direction it flows.

If you seriously want to learn how to accumulate wealth in your 50s or at any age – these are some of the best wealth building practices you can follow to cut your cost, reduce your debt and increase your investment in assets and activities that make you more money.

Did you know that we have created a strategy that will help you build an additional income stream in our FREE course?

You can sign up below to start your journey to building wealth in your 50’s.

how to make money in my 50's

Build Wealth In Your 50s By Increasing Your Income

It sounds difficult to increase your income, however in most cases the strategy to do so is pretty simple.

The following wealth building strategies for increasing your income are going to apply to you whether you own a business or have a job.

You should use these methods for growing your income and net worth seriously, as they are extremely effective at helping you increase your total income every year.


How To Increase Your Business Income

There are a variety of efficient ways that any business owner can increase their wealth quickly and without raising costs.

Best ways to cut expenses and increase your business income:

1) Go through your books with a fine tooth comb and reduce unnecessary expenses.

2) Cut down on company-sponsored events and dinners.

3) Hire a more efficient IT department or outsource IT services.

4) Hire a more efficient marketing team or outsource marketing services.

5) Invest in new equipment to make your company more efficient.

6) Consider buying office space in a less expensive location.

7) Increase your customer base by marketing your business online.

If your business is not online, you are leaving lots of money on the table, in both local or national exposure.

8) If your business is online start split testing your sales pages.

By running split tests, you’re able to increase the effectiveness of your business and thus both reduce expenses and increase income & profits. 

For example, if you have an conversion rate of 3%, and you are able to run split tests that increase your rate to 6%, you can immediately double your income from the same effort.

9) Up-sell your customers by adding additional products and services that bring in bigger profits. (High Ticket Sales)

This can be a total game changer.

10) Build better relationships with your current customers and I guarantee your profits will go up.

And if you do not have a business, consider starting a side hustle online immediately. The digital world is booming, and their are people killing it online working from home.

How To Increase Your Income From Your Job

There are 3 main ways to increase income from your job, or to increase the total amount of money you bring in.  Both of these methods increase your total wage / salary, and are extremely effective.

  1. Ask for a higher wage / salary. The majority of the time people ask for raises, they get one. If you have been at a job for a lengthy amount of time, come in on time, perform your duties well, and are respectful – there is no reason why your boss shouldn’t award you a raise. Especially when you’re older with much more experience then your younger counter parts, getting a raise is great for bringing into reality, “how to build wealth in your 50s.”
  2. Work more or work overtime. Yes, this takes more of your time away from other parts of your life…. But, if you want to increase your income drastically, working 10-20% more overtime can mean a nice increase in total income.
  3. If your job has no over-time available consider a second job as a temporary way to increase your job income or better yet, it is very simple to start an business online, and you can do it working from the comfort of your home.


How Investing Can Increase Your Wealth

Investing in wealth growing assets is the #1 way to increase your wealth over time.

Your net worth, income, wealth, and much more will increase if you’re able to follow an investment strategy. Even when you’re in your 50s, building your wealth through investments still is a viable option. In fact, investing is still among the best ways to build wealth in your 50s because of the amount of interest and ROI you can generate over the rest of your life.

You’ll want to choose 1 or 2 main investments opportunities to put the majority of your extra money into.

Here are the main 3 profit producing and fastest wealth building investments you can make now.

Build Wealth In Your 50s by investing in Cryptocurrency

Grow Your Wealth With Cryptocurrency

Cryptocurrency has quickly became the #1 wealth building asset in the entire world’s history.

Cryptocurrency and the blockchain are simply put, the next revolution to how we handle, transfer, pay, invest, and use money. You can take a look back at all of the revolutions that have happened throughout our history, and this one will be the largest and most impactful yet for building generational wealth that lasts.

You have the Industrial Revolution, wars, the creation of the internet, and many other global changes that have changed the world forever. This digital change, is the one that is going to set the world to completely change how wealth is managed yet again.

It is not difficult to get started with them, and start building a portfolio, and in our opinion it would be very smart to do so.

We are not an investment advisor, nor are we offering you investment advice, we make no claims or guarantees that you will make any money with cryptocurrencies. Only that the opportunities exist, and they will be here in the future. We think cryptocurrencies are the future.

Never invest money you can not afford to lose.


Benefits Of Investing In Cryptocurrencies:

1) Easy and simple to get started

2) No buy requirements – You can invest very small amounts at a time

3) You can buy fractions of some digital currencies

3) Instant transactions for both buying and selling

4) Some digital currencies pay rewards/interest much higher than traditional banking

Crypto currencies are challenging the status quo and changing the way we view money. Investors who recognize this will flourish, while those who stick with traditional methods of storing and investing their hard-earned money will most likely be left behind.

Even if you’re in your 50’s or older, Cryptocurrency we believe should be at the top of your list for investments to make and manage, or to at least diversify with.

You can go here now to create a free CoinBase account and begin trading cryptocurrency now. Learn more about Crypto & Coinbase here.

How To Build Wealth In Your 50s With Real Estate

Build Wealth In Your 50s With Real Estate

Real Estate is one of the most profitable multi-generational wealth builders that the older generations have used to build massive amounts of lasting wealth for hundreds of years now.

Real estate is tried, tested, and proven to create extreme wealth. In fact, the average millionaire has at least 3 – 4 real estate assets underneath their control at any given time.

Unlike stocks or Crypto, real estate that you own is tangible.

Real estate has historically served as an effective inflation hedge and has multiple ways you can profit from it. Wholesaling and buying a turnkey rental property are just a couple of the ways investors can benefit from real estate.

The important benefits of investing in real estate are increase in property value due to appreciation as well as good cash flow in the form of rental income.

Since the 2008 recession, real estate has become one of the most attractive investments for people looking to make a return. Following the 2008 recession, many people lost their jobs and resorted to trading in their stocks for real estate investing as a way to make an income.

As time has progressed, it has been determined that becoming a landlord is more beneficial than ever in today’s market.


Investing in real estate can be an effective way to grow one’s wealth. The risk is lower than most other investments because, unlike the stock market, the supply of houses or apartments does not change based on investment trends or because Elon Musk tweets about it.

There are many benefits of investing in real estate including:

1) Lower risk

2) Tax advantages

3) Appreciation potential and long-term returns

4) Increased Cash Flow

People will always need a place to live, and they’ll pay a premium to live near amenities and employment.

This means your apartment building or single family home is worth more because it is close to schools, parks, employers or a college. And you’ll receive rental income as long as people want to live there.

This is why in the “real estate versus stocks” debate, real estate wins when you want cash flow and security.

If you don’t have the cash to buy investment property outright, financial institutions will loan you money to do so. They will rarely offer loans so you can buy stock, equity in a business or even business equipment.

This is because real estate is an actual real asset, and their loan is secured by a physical building that has high, intrinsic value.

For many, the ability to leverage other people’s money is why real estate wins in the real estate versus stocks investment argument.

The returns on real estate investment are quite predictable. You know what property values are and rental rates. While it takes more time and research, this type of investment can help build long lasting wealth.


If you want to learn more about real estate investing, here is a great resource you can use and learn from.

You’re going to learn that with real estate you’re getting to know how to build wealth in your 50s in the most secure way possible. (And real estate helps you build wealth at any age really)


Invest In Yourself

The #1 asset used in every aspect of life that you should invest in, is yourself.

Your mindset, your income, your health, and much more are all either grown or degraded by how well you understand and apply knowledge.

This is why the greatest regret from most people who are older, is their lack of investing in more of the things in life that mean the most to them. Family, friends, their career, health, etc.

Investing in yourself is important for success in life. Our self-worth, our confidence, and our happiness are all influenced by how we invest ourselves in the world.

Investing in yourself means investing in your mind, body, and spirit as well.

It means that you take time to recharge your batteries after a hard day. It means that you stop thinking about what’s wrong with you and start focusing on what’s right with you.

It means you learn time management so you can spend quality time with your friends and family.

Benefits of investing in yourself:

1) Better health

2) More personal satisfaction

3) Quality of life

4) Closer relationships

5) Positive outlook

6) Less Stress

If you want to learn more about how to increase your wealth by investing in yourself, here’s a great resource for that as well.

In my mind, this is by far the best way how to build wealth in your 50s safely.


Spend More Money In The Right Places

It’s seems contradictory right? The reality is, spending money in the right places is your key to knowing exactly how to make money when you’re over 50, and again at any age.

You of course can save and invest money in order to grow your wealth as I’ve already mentioned.

But, the places / assets / items you spend money on can also dictate your growth of wealth over time too.

Think about the big lifetime purchases you will make or have already made in life such as

  1. Houses
  2. Jewelry
  3. Vehicles
  4. Recreational vehicles
  5. Education
  6. Life Insurance
  7. Business
  8. Hobbies
  9. Furniture
  10. Vacations

When you make investments or purchases in any of these 10 areas, you are doing 1 of 2 things:

  • Investing in an asset that increase in worth and thus increases your wealth.
  •  Investing in an asset that decreases in worth and thus decreases your wealth.


This is why it is so important that when you make big purchases of any kind, that you ensure you make wealth building purchases in appreciating assets that will improve your finances for the better.

Spending more money in the right way like I’ve described, will help you know how to earn money after 50 that keeps growing in value for decades to still come.

If you are serious about increasing your wealth by:

  1. Cutting costs
  2. Investments (Real estate and cryptocurrencies)
  3. Through your income
  4. Investing in YOU
  5. Spending more to make more

Then why not sign up to our completely Free training course where we will show you how to build more wealth online?


How To Build Wealth Through Savings

Saving your money in a bank, will it create wealth?

Not really, because to be blunt, banks pay absolutely terrible interest rates, your money is not going to multiply very fast.

But it will create security and aide you in major life expenses, hard times or catastrophes that may happen in life, like the loss of a job, you need a new roof, or unforeseen long term illness, etc.

This is why it is important to put money away for a rainy day, and lot’s of it. You should save up at least a bare minimum of 8 to 12 months of living expenses, do this over time, say put away 20% of your take home pay in the bank.

So if you take home $3000 monthly after taxes, you would want to put away at least $600 monthly into the bank. Long term this will always create a cushion for you. You will love watching your bank account grow each month.

saving money in your 50s

Now, another way of saving more of your money towards building wealth, is through your jobs 401K or other similar retirement account you put into, and sometimes the company matches it in some way.

You should consider saving 15% of your income in your retirement account.

Your employer match, if you have one, counts as well. If you save 5% of your income and your company matches another 5%, you’ve accomplished a 10% savings rate.

Now increase your contribution another 5% and you have met your 15%.

This money over time will grow and build a nice nest egg for you no matter what age you are, why it is so important to take your companies retirement plan seriously.

A company match is like getting free money, make sure and take advantage of it.


Health Savings Account Through Life Insurance

There are certain life insurance policies that operate like investments accounts. You should ask financial advisor how you can create one of these life insurance and health savings account soon. This will ensure you are able to have a successful life insurance policy that can also be used & leveraged before death.

Retirement Savings Account & Retirement Fund

As always, having retirement savings account is also a good method for saving money. However, retirement savings accounts don’t earn the same interest as other kinds of accounts can. Your wealth management home of finances is more likely to come from other sources.


Pay Off Your Debts

According to CNBC the average American has $90,460.00 of debt.

In our opinion, if you have that large of debt, the only time you should see the inside of a restaurant is if you own it or you’re working there…

The fact is, more than half of Americans actually spend much MORE than they earn each month, according to a Pew Research study, and use credit to bridge the gap.

This is not surprising as we live in a world where everyone wants instant gratification, and many people believe the only way they will get wealthy is by winning the lottery.

When you have more money going out, than you have coming in, that is a big problem and it needs to be fixed immediately, otherwise you will never build wealth.

paying debt off in your 50s

Ways to pay off debt so you can start growing your wealth:

1) You will need to become accountable and committed, otherwise building wealth by paying off debts will not work.

2) Write down your expenses and debt, all of it.

3) Stop eating out!!

4) Cut all frivolous spending, do not buy anything you do not absolutely need. Stop buying anything at gas stations except gas. Some people spend so frivolously they could actually build wealth by just investing this money instead of buying junk.

5) Have a garage sale/List your stuff on Facebook local buy and sell pages. You will be surprised what people will buy on there. Literally clear the clutter and sell everything you can live with out. Everything!

6) Work over time, or a second job, or create a side hustle online.

7) Create a bare essentials budget/only to meet the most essential needs. Live by it, it is temporary. Do not buy anything on credit.

8) Start with the smallest debt balances first, and pay them off with all extra money you are creating from these steps.

9) Each time you pay one balance off, you will have more money each month to pay on the next, and so on. This will create a snowball effect, and eventually you will pay off your debt extremely fast.

10) Once you have paid off all of your debt, start putting all that extra money into savings and investments that grow your money. Think about how fast you can build wealth if your completely out of debt?

These steps work very well, as I used them years ago to get out of debt and create wealth. Since doing so I have traveled all over the world and never once had to finance any of my travels, almost everything I buy in life now is in cash. Everything I do now is set by goals and a plan. Debt is crushing, get rid of it!

How To Build Wealth In Your 50’s, 60’s or even 70’s?

The main point of this article was to show you how to build wealth in your 50s, or at any age. You may be above 50 and wondering, what about me?

I’m older, and at an even later part of my life right now. Maybe you’re in your 60s and 70s thinking, “I already built wealth in my 50s, but I want more!”

Everything you’ve read through on how to build wealth in your 50s, applies to you regardless of your age.

Again, what you’ve just learned is the fundamentals of building wealth at any age regardless of experience or previous knowledge.

These wealth building fundamentals have existed for years and have allowed countless numbers of people to become millionaires in both net worth and total wealth assets.

One of the best ways to grow your wealth is to create a side business or side hustle, and create more income. In the case that you don’t have one already, you can sign up to our free course today and we will show you how.

We have some special email campaign software that will make it easy for you to do online marketing the right way and create additional income streams.

In fact, we earn some pretty decent affiliate commissions by promoting affiliate marketing tools.


In Conclusion: Focus On The Proper Financial Strategies

I hope this article gave you some insights and new ways you can start applying everything you learned on how to build wealth in your 50s or at any age.

The knowledge and guidance throughout has been gathered from decades of experience we’ve learned from helping others build their own wealth.

We’ve coached and consulted for people far older then 50 and many far younger then 50.

This is why regardless of your age, you CAN learn how to build your wealth and net worth.

You just need to learn the right wealth building methods and apply them.

The methods and insights we have shared with you are proven methods on how to build wealth in your 50’s and have been used by tens of thousands of people successfully.

We really hope this article has been extremely helpful to you. If you have any questions, don’t hesitate to post them in the comments section below or just say hello 🙂


Your Friends And Partners
Richard And John Weberg



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