Adrienne Davis, CPA, CFP®, shared her expertise with Kamaron McNair of CNBC Make It in the article “The 5 Most Popular Ways Americans Build Wealth, and How to Get Started Yourself.” Davis emphasized that there is no one-size-fits-all approach to building wealth. She encourages clients to start saving for retirement as early as possible to take advantage of compound interest, even if contributions are small at first.
Davis also highlighted the importance of covering financial basics, such as building an emergency fund and paying down high-interest debt, before maximizing investments. She noted that working with a financial advisor can provide personalized guidance to help people align strategies with their unique goals and circumstances.