Introduction: It’s Never Too Late to Get Rich After 40

Life doesn’t always go the way we plan. By the time you hit your 40s, you may have experienced more setbacks than you ever expected. But its never too late to get rich after 40.

Maybe you lost a job you thought was secure. Your last business venture failed, you endured the emotional and financial wreckage of a divorce, or perhaps you’re drowning in debt, staring at bad credit, wondering if it’s too late to turn things around.

I know what that feels like. I’ve been there.

The truth is, life can knock you down hard. But here’s the kicker—your past doesn’t define your future. It doesn’t matter where you are right now.

What matters is the decision you make from this moment forward. It’s never too late to rebuild, to rise from the ashes, and to claim the wealth and life you deserve.

Getting rich after 40 isn’t about chasing some quick win. It’s about the mindset, the strategy, and the bravery to go all in, no matter what cards you’ve been dealt.

It’s About Owning Your Story

It’s about owning your story, embracing the grind, and realizing that this next chapter could be your most powerful one yet. But let’s be real—it’s not for the faint of heart.

It’s going to take hard work, sacrifices, and a relentless belief in your ability to come back stronger than ever.

This new chapter isn’t just about dollars and cents—it’s about reclaiming your power, your confidence, your health, and your freedom. And if you’re ready to fight for that, then I’m here to tell you it’s possible.

The Power of a Job: Stability While You Build

While starting a business or side hustle is key to long-term wealth, don’t underestimate the power of having a good job during your comeback.

A stable job can provide the financial security you need while you build your empire. It’s not just about paying the bills—it’s about using that steady income to invest in your future.

Think of your job as a launching pad. The income it provides allows you to eliminate debt, fund your side hustles, and reinvest in your growth.

Use this time to sharpen your skills, expand your network, and build up savings so you can take bigger entrepreneurial risks down the road. Having a job doesn’t mean you’re stuck—it means you’re being strategic.

The goal isn’t to stay in the 9-to-5 forever, but to use it as a tool to keep moving forward while your side hustles gain traction. This is the grind before the win.

Now let’s dive into 12 powerful steps to build wealth after 40, starting from scratch.

Step 1: Shift Your Mindset: Own Your Comeback Story

Before you can rebuild financially, you need to shift your internal narrative. The first step in creating wealth is cultivating a mindset that rejects victimhood and embraces accountability.

After 40, you have the advantage of experience, but this also means you may carry emotional baggage from past failures.

It’s crucial to own your story—failures included—and reframe them as learning experiences.

Raw Action Steps:

• Journaling Exercise: Write out your personal setbacks, from financial failures to career missteps. Next to each one, write the lessons learned. This will help you transform your past into fuel for your future.

• Daily Affirmations: Every morning, speak your future into existence. For example, “I have the power to build wealth,” “I am in control of my financial future,” and “My setbacks are launching pads for success.”

• Set Clear Financial Goals: Define exactly what you want. Is it $1 million in net worth, owning a business, or financial freedom? Break your goals into smaller, actionable steps with timelines.

This mindset shift is foundational. Without it, any financial plan will crumble under the weight of old, limiting beliefs.

Step 2: Invest in Your Health: Energy Is Wealth

Your ability to generate wealth depends on your energy levels, mental clarity, and resilience. After 40, your body is more prone to wear and tear. So investing in your physical and mental health is non-negotiable.

You need the vitality to work hard, make sound decisions, and push through the inevitable challenges ahead.

Raw Action Steps:

• Exercise Daily: Prioritize 30-60 minutes of physical activity every day. Incorporate strength training to build muscle mass (which declines with age), and aerobic exercise to keep your cardiovascular system in top shape.

• Fuel Your Body: Shift to an anti-inflammatory, nutrient-dense diet. Include lean proteins, healthy fats, and high-fiber vegetables. Avoid processed foods and excessive sugar, which can drain your energy.

• Stress Management: Master stress through meditation, deep-breathing techniques, or yoga. High levels of stress can sabotage your health and business performance, so building emotional resilience is key.

Your health is your wealth engine. If you neglect it, you’ll burn out before you even get started.

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Step 3: Rebuild and Master Your Credit

Credit is your leverage. Whether you’re looking to buy real estate, start a business, or get a loan, your credit score will either open doors or shut them.

Rebuilding your personal credit and establishing corporate credit will provide you with the financial flexibility to scale up and take on bigger opportunities.

Raw Action Steps:

• Check Your Credit Report: Get a free credit report from the three major bureaus (Equifax, Experian, and TransUnion). Check for errors and disputes.

• Debt Snowball or Avalanche: For personal debt, use one of two strategies: The Snowball Method (pay off your smallest debts first for momentum) or the Avalanche Method (pay off your highest interest debts first to save money).

• Build Corporate Credit: Register your business, obtain an Employer Identification Number (EIN), and open a business checking account. Start building corporate credit by applying for a business credit card and using it responsibly.

When your credit is strong, you can leverage it for larger investments and business ventures.

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Step 4: Cut Expenses Ruthlessly: Live Below Your Means

It’s not about how much you make; it’s about how much you keep. After 40, lifestyle inflation can keep you stuck in a paycheck-to-paycheck cycle.

Now is the time to cut unnecessary expenses and live well below your means. This might feel like a sacrifice, but it’s the fastest way to free up money to invest and grow wealth.

Raw Action Steps:

• Audit Your Spending: Use a budgeting app to track every dollar. Look for unnecessary subscriptions, impulse buys, and luxury expenses you can cut.

• Downsize: Consider downsizing your home, car, or other major expenses. You don’t need a luxury lifestyle now if it means sacrificing your future financial freedom.

• Embrace Frugality: Take pride in living frugally. Instead of dining out, cook at home. Instead of upgrading gadgets, keep using the ones you have. Small changes in spending habits can add up to significant savings over time.

By reducing expenses, you create more financial breathing room to save, invest, and capitalize on opportunities.

Step 5: Start a Business or Side Hustle

The quickest path to wealth after 40 is often entrepreneurship. Starting a business or a side hustle allows you to control your income and scale it over time.

It doesn’t have to be risky if you start small, test your idea, and grow from there.

Raw Action Steps:

• Identify a Skill-Based Business: Focus on businesses that leverage skills you already have. For example, if you’re great at writing, consider starting a freelance writing or copywriting business.

• Start as a Side Hustle: Keep your day job until your business is earning enough to support you. This way, you mitigate risk while testing your ideas.

• Focus on Scalability: Choose a business model that can grow. E-commerce, consulting, and real estate investing are examples of scalable ventures.

Entrepreneurship isn’t easy, but it’s one of the most powerful ways to generate wealth. Start lean, scale up, and focus on offering value.

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Step 6: Network Relentlessly: Leverage Relationships

At 40 and beyond, relationships become one of your most valuable assets. You’ve likely built up years of professional and personal connections.

Now it’s time to leverage them for opportunities, partnerships, and mentorship.

Raw Action Steps:

• Reconnect with Old Contacts: Send personalized emails or LinkedIn messages to past colleagues, mentors, or friends. Make it about building genuine connections, not just asking for favors.

• Join Industry Groups and Masterminds: Whether it’s online or in-person, surrounding yourself with like-minded entrepreneurs or investors will open doors you never knew existed.

• Offer Value First: Always ask, “How can I help?” when reconnecting with people. Offering value first ensures you’ll be top of mind when opportunities arise.

Your network is your leverage. The more relationships you build, the more opportunities for collaboration, investment, or partnership you’ll unlock.

Join “The Circle of Kings”: Build Wealth, Legacy, and Power

Wealth-building after 40 isn’t just about individual success. It’s about building a powerful network of like-minded leaders who can rise together. In my e-book, “The Circle of Kings,” you’ll discover how to create your own inner circle of powerful, strategic thinkers who move with purpose and vision.

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Step 7: Invest Smartly: Your Money Should Work for You

To get rich over 40, you need your money working for you. This means investing consistently, even in small amounts, to build up your wealth over time.

You don’t need to be a financial wizard, but you do need a basic understanding of how investments grow.

Raw Action Steps:

• Educate Yourself: Learn the basics of investing through books, podcasts, and online courses. You don’t have to become a Wall Street pro, but you need to understand how to diversify your portfolio.

• Automate Your Investments: Use platforms like Vanguard or Betterment to set up automatic, recurring investments in index funds, stocks, crypto, or real estate.

• Long-Term Strategy: Focus on long-term wealth creation rather than chasing short-term gains. Compound interest works wonders over time, but only if you’re patient.

Smart investments create passive income streams that will continue to grow, even when you’re not working.

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Step 8: Kill Debt: Attack It Like a Primal Mogul

Debt is a wealth killer. Whether it’s consumer debt or lingering business debt, attacking it with intensity is crucial to building wealth.

High-interest debt siphons money away from your potential investments and eats away at your future.

Raw Action Steps:

• Debt Avalanche: Pay off your highest-interest debt first, as it’s the most expensive. Focus on credit cards and personal loans before tackling lower-interest debts like mortgages.

• Negotiate Lower Rates: Call your creditors to negotiate lower interest rates or refinance high-interest loans. Every percentage point you save means more money in your pocket.

• Extra Income for Debt: Any extra income from side hustles or bonuses should go straight to debt payments. The faster you eliminate debt, the faster you can start investing aggressively.

Debt freedom gives you more options and more cash to build real wealth.

Step 9: Develop High-Income Skills

If you want to get rich over 40, pivoting into a career or business with higher earning potential can accelerate your wealth-building journey.

The key is to invest time in developing high-income skills that the market values, whether that’s digital marketing, sales, or coding.

Raw Action Steps:

• Skill Identification: Identify skills in high demand in your industry or adjacent industries. Look for ones that allow remote work, freelancing, or business opportunities.

• Online Learning: Enroll in online courses through platforms like Foundr Learning to upskill yourself. Many of these courses are affordable and can be done part-time.

• Leverage Experience: You have years of experience—build on that by adding new skills. Look for ways to combine your existing knowledge with a new, profitable skill set.

By constantly upgrading your skills, you increase your market value and create more opportunities for higher-paying roles or businesses.

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Step 10: Create Multiple Streams of Income

One of the secrets to wealth is diversifying your income. Wealthy people rarely rely on one source of income—they create multiple streams that work together to build financial security and freedom.

Raw Action Steps:

• Monetize a Passion: If you’re passionate about something—whether it’s fitness, photography, or teaching. Find ways to monetize it through online courses, coaching, or a YouTube channel.

• Real Estate Investing: If possible, invest in real estate to generate passive rental income. Even starting small, like renting out part of your home, can lead to bigger opportunities down the road.

• Digital Products: Create and sell digital products like eBooks, online courses, or stock photography. Digital products have the advantage of scalability with low overhead.

With multiple income streams, you create a safety net that ensures you’re always generating wealth, even if one source dries up.

Step 11: Embrace Sacrifice: Be Ready to Outwork Everyone

Building wealth after 40 is not for the faint of heart. You’ll need to embrace the grind and be ready to outwork others.

Sacrifices will need to be made—whether it’s less leisure time, fewer luxuries, or delayed gratification.

Raw Action Steps:

• Time Blocking: Set aside dedicated time every day for wealth-building activities—whether that’s working on your business, learning new skills, or networking. No excuses.

• Discipline over Motivation: Motivation comes and goes, but discipline is what will get you through the hard days. Create habits that support your long-term wealth goals, even when you don’t feel like it.

• Stay Hungry: Adopt a warrior mentality. You’re not competing with others—you’re competing with your past self. Stay focused on your goals and push yourself to exceed your own expectations.

Sacrifice today will pay off in abundance tomorrow. This is the primal mogul way—fueled by raw ambition and determination.

Step 12: Stay Consistent and Play the Long Game

Consistency is the key to everything. Wealth is not built overnight; it takes time, patience, and relentless effort.

Focus on long-term results, and don’t get discouraged by short-term setbacks.

Raw Action Steps:

• Track Progress: Use a system to track your financial progress—whether it’s a spreadsheet, app, or financial advisor. This keeps you accountable and motivated as you see your efforts pay off.

• Celebrate Milestones: Along the way, celebrate your victories—whether it’s paying off a debt, hitting an income goal, or investing in your first property.

• Reassess Goals: Every 6-12 months, reassess your financial goals and adjust your strategy as needed. The long game is about flexibility and persistence.

Consistency breeds success. Play the long game, and wealth will follow.

Conclusion: Reclaim Your Financial Power

Starting all over to get rich over 40 isn’t easy. I know what it’s like to feel the weight of failure. The sting of lost opportunities, and the exhaustion of fighting to get back up when life keeps knocking you down. It’s overwhelming. It’s humbling. But here’s the truth: You are not finished.

The very fact that you’re still here, still standing, still reading this, means you have the fire within you to make a comeback. And not just any comeback—a powerful one. One that defies the odds, one that proves the doubters wrong, one that leaves a legacy.

This isn’t about comparing yourself to younger generations or regretting the mistakes of your past. It’s about leveraging the wisdom and experience you’ve gained to rewrite your future. You’ve got the advantage now.

You know what failure feels like, but more importantly, you know you can survive it. And that makes you dangerous—dangerous to mediocrity, to self-doubt, and to every obstacle standing in your way.

Raw Grind, Discipline and Sacrifice

But let’s be real—it’s going to take raw grind, discipline, and sacrifice to get rich over 40. You’ll need to embrace the grind, work harder than you ever have, and be willing to do what most won’t.

There will be days where the climb feels too steep, and the weight too heavy, but remember this: every step forward, no matter how small, is a victory. Every sacrifice you make now is building the future you’ve always wanted.

You can do this. Not everyone has the guts to start over, but you do. And when you rise—and you will—you’ll realize that this second act, this climb back to the top, was worth every ounce of effort.

The time is now. Reclaim your financial power. Let’s win.

Join “The Circle of Kings”: Build Wealth, Legacy, and Power

Wealth-building after 40 isn’t just about individual success. It’s about building a powerful network of like-minded leaders who can rise together. In my e-book, “The Circle of Kings,” you’ll discover how to create your own inner circle of powerful, strategic thinkers who move with purpose and vision.

Learn the secrets of collaboration, trust, and leadership that will accelerate your path to wealth and legacy.

Ready to take your journey to the next level? Get your copy of “The Circle of Kings” and start building the relationships that will transform your life.

Here are some powerful videos below that will improve your life!!!

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Myron Golden exists for the purpose of empowering entrepreneurs and encouraging them to the great heights that can not come from anywhere else. Myron Golden will consistently bring you great content on all things related to being an entrepreneur.

Primal Mogul