There have been a couple consistent findings about millionaires' careers/incomes over our first 100 millionaire interviews. First, millionaires generally make a lot of money. The average annual income was $294k and the median was $250k. There's a reason "E" (for "earn") is the first letter in E-S-I. And it's no accident that high net worth individuals often have high … [Read more...]
Archives for June 2019
Millionaire Interview 134
Here’s our latest interview with a millionaire as we seek to learn from those who have grown their wealth to high heights. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. My questions are in bold italics and his responses follow in black. Let's get started... OVERVIEW How old are you (and spouse if applicable, plus how … [Read more...]
Top 10 Money Mistakes I Made on the Way to FIRE
Now that we've detailed the money mistakes millionaires make, I thought it was time to share another round of my money mistakes. I do this from time to time to 1) keep myself humble, 2) interrupt what can seem like a never-ending list of "I'm so great" posts, and 3) demonstrate that you don't have to be perfect to achieve financial independence (FI). It's the last of … [Read more...]
Retirement Interview 12
Here’s our latest interview with a retiree as we seek to learn from those who have actually taken the retirement plunge. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. My questions are in bold italics and his responses follow in black. Let's get started... GENERAL OVERVIEW How old are you (and spouse if applicable, … [Read more...]
Side Hustle Interview 2
Here's our latest interview with a side hustler! As you know, I love creating a side hustle as part of a fast-track path to financial independence because it can make a huge difference (see this calculator for details), enough to actually get you to FI in 10 years. If you have a side hustle and would like to be interviewed, shoot me an email and we can talk over … [Read more...]
Millionaire Interview 133
Here’s our latest interview with a millionaire as we seek to learn from those who have grown their wealth to high heights. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. My questions are in bold italics and his responses follow in black. Let's get started... OVERVIEW How old are you (and spouse if applicable, plus how … [Read more...]
Multiple Streams of Income: Helping You Get to Financial Independence and Beyond
You've probably heard the phrase "multiple streams of income". I'm not sure if he started it or not, but I first heard the term in a book written by author Robert Allen many years ago. The idea of multiple streams of income is that you earn money from a variety of sources. Money is flowing into your life from the left and the right, from up and down, from the north and the … [Read more...]
