The 4 Stages of Investing To Build Wealth, According to Codie Sanchez

Core Insights - Codie Sanchez, founder of Contrarian Thinking, presents a four-step formula for beginners to transition from investing $1,000 to building significant wealth [1][2] Group 1: Stages of Investing - Stage 1: Invest in Yourself The highest returning asset class is oneself, emphasizing the importance of acquiring high-income skills, financial knowledge, and networking [3][4] - Stage 2: Add Low-Cost Index Funds Recommended to invest in low-cost, low-risk index funds, particularly through diversified portfolios like those offered by Vanguard, tailored to age and risk tolerance [5][6] - Stage 3: Explore Private Equity and Alternatives This stage is for experienced investors, focusing on private equity and alternative investments such as real estate, commodities, and options, which are not suitable for everyone [7]