Prof G shares reliable path to getting rich in America, says his dad earns $52K/year and is already there

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(1)By that definition, Galloway said his multimillionaire working friends are poorer than his retired, five-figure-earning father because their expensive lifestyles outpace their seven-figure incomes.“Between his Royal Navy pension, Social Security… and a dozen washing machines he collects quarters from in trailer parks… [my father] makes about $52,000 a year without really working,” he explained. “He spends $48,000. He's rich, his passive income is greater than his burn.”Galloway believes financial freedom is a better measure of wealth than just income. And that most people can achieve this status with a simple three-step process. Here’s a closer look at his formula for success.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPI’m almost 50 years old and have nothing saved for retirement. What do I do? Don’t panic. Here are 6 easy ways to catch up (and fast)Faced with economic uncertainty, many Americans are taking up multiple jobs and side hustles.According to one survey, 27% of U.S. workers have some side gig or freelance working arrangements. (2) And, according to the Federal Reserve, in September 2025, 5.4% of the labor force had multiple jobs. (3)Some people juggle multiple jobs to reduce risk, but Galloway sees this as a distraction.“I hate side hustles,” he said, explaining that most people would be better served by doubling down on their main hustle instead. “Find something that you're naturally good at that you could become in the top 10% or top 1%, in an industry that has a 90% plus employment rate, and focus on it.”Some of the factors that impact your wealth and financial status are beyond your control.Galloway explains that the 2008 financial crisis wiped out one of his business ventures and much of his accumulated wealth. “I can’t control that,” he said. “But I can control my spending.”By focusing on factors that are within your control — such as saving, spending and investing over the long term in low-cost ETFs and index funds — Galloway claims you can optimize your financial position regardless of what the market throws at you.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,929.94 -2.11 (-0.03%)Dow 3048,710.97 -20.23 (-0.04%)Nasdaq23,593.10 -20.21 (-0.09%)Russell 20002,534.35 -13.73 (-0.54%)VIX13.60 +0.13 (+0.97%)Gold4,552.70 +49.90 (+1.11%)Trending tickersBTC-USD Bitcoin USD 87,494.00 +42.87 (+0.05%)ETH-USD Ethereum USD 2,929.27 +4.98 (+0.17%)LRCX Lam Research Corporation 178.07 +0.74 (+0.42%)KLAC KLA Corporation 1,279.60 +2.61 (+0.20%)XRP-USD XRP USD 1.86 +0.01 (+0.40%)PortfolioSign in to access your portfolioSign inTop gainersELPC Companhia Paranaense de Energia 9.65 +0.79 (+8.92%)PSLV Sprott Physical Silver Trust 26.04 +2.08 (+8.68%)ZETA Zeta Global Holdings Corp. 20.70 +1.59 (+8.32%)CPNG Coupang, Inc. 24.27 +1.47 (+6.45%)XPEV XPeng Inc. 20.78 +1.21 (+6.18%)Top losersRGC Regencell Bioscience Holdings Limited 21.16 -3.44 (-13.98%)FLY Firefly Aerospace Inc. 23.34 -3.70 (-13.68%)TMC TMC the metals company Inc. 6.82 -0.80 (-10.50%)AAOI Applied Optoelectronics, Inc. 37.17 -3.83 (-9.34%)RGTI Rigetti Computing, Inc. 22.38 -2.13 (-8.69%)Most activeNVDA NVIDIA Corporation 190.53 +1.92 (+1.02%)TSLA Tesla, Inc. 475.19 -10.21 (-2.10%)PLUG Plug Power Inc. 2.0700 -0.0300 (-1.43%)ONDS Ondas Holdings Inc. 8.48 -0.65 (-7.12%)NIO NIO Inc. 5.10 +0.19 (+3.87%)Top economic eventsEarnings eventsMy earnings eventsEarnings events