ENGLEWOOD CLIFFS, N.J. — Appearing on CNBC’s “Fast Money” last night, financial advisor Adam Friedman recommended to viewers that they make more money.
“I’ve run the numbers, and in my professional opinion, making more money has a direct correlation with increasing wealth,” said the Senior Advisor at Fidelity Investments, which recently rolled out a campaign to advise all its clients to increase their income by making more money.
According to Mr. Friedman, making more money can greatly improve a person’s standard of living and set up a more enjoyable, and perhaps even earlier, retirement because making more money typically results in having more money when a person stops making money. He then cited several research papers showing how a person making more money has more money than a person making less money.
“We’ve seen hundreds of cases in which our clients were able to have more money by making more money,” Friedman said.
At the end of the segment, Mr. Friedman said that when making more money is not an option, he usually suggests spending less money.
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