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Money Experts Share the Smartest Ways To Boost Your Net Worth

Once you’ve reached the phase of your financial life when you’ve paid off your debts and have a healthy emergency fund tucked away in a savings account, it’s time to shift your focus to building your net worth. GOBankingRates spoke with four money experts on how they accumulated wealth, and their personal finance journeys can inspire you to do the same.

Click through to find out how to increase your wealth.

Last updated: Jan. 8, 2019

Starting Your Journey Toward Financial Success

“Financial success” means different things to different people, but if your goal is to increase your overall wealth, you might not know how to start. Keep reading to learn experts’ tried-and-true tips to improve your net worth.

Start With Cutting Out Unnecessary Expenses

“Set a weekly and monthly budget and stick to it no matter how tempted you are to buy those concert tickets or daily iced coffee

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Elon Musk’s net worth just hit $70.5 billion, surpassing Warren Buffett’s. Here’s how the billionaire Tesla and SpaceX CEO went from getting bullied as a child to becoming one of the most successful and controversial men in tech.

Elon Musk.
Elon Musk.

Steve Nesius/Reuters

  • Elon Musk has had a tumultuous yet successful life. 

  • He was bullied as a child but ultimately attended an Ivy League university, going on to become the CEO of two companies, Tesla and SpaceX, and the founder of three more.

  • He’s also been married three times and has triplets and twins. He just had another baby with his girlfriend, the musician Grimes. 

  • But Musk also courts controversy, especially on Twitter. The tech billionaire has been outspoken about the coronavirus crisis, questioning the severity of the outbreak and urging for business to resume.

  • Now, Musk has hit a new milestone: as Tesla’s stock hit an all-time high, Musk’s wealth surged to $70.5 billion.

  • Visit Business Insider’s homepage for more stories.

It seems like there’s nothing Elon Musk can’t do. 

As CEO of SpaceX and Tesla, founder of The Boring Company, and cofounder of OpenAI and Neuralink, Musk

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