How Did the Wealthy Get Wealthy — and Can I Copy Them? (Canadian Financial Summit 2025)
About this episode
Ed Rempel discusses how the wealthy achieved their financial success and whether their strategies can be replicated.
In a recent video for the Canadian Financial Summit I talk about who the poor and wealthy are and how they got there. Today, we're diving deeper into one crucial aspect: how the wealthy became wealthy? Can their strategies work for you? Over the years, I've seen the full financial picture of thousands of Canadians and read countless studies on wealth building. While my clients are generally higher-income, growth-focused individuals who work with a financial plan, I've also spoken to countless others—through my blog, in-person, and within my network of wealthy individuals. These insights have given me a clear understanding of who achieves financial success and the steps they took to get there. You will learn: How much do you need to be "wealthy"? What types of people have high net worth? What is a "productive growth asset"? How much do you need to save to become wealthy? Do you have to borrow to invest to become wealthy? What does the Lifecycle Investing study tell us about growing wealth? How can you become wealthy?
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