I think most ESI Money readers know I'm a big fan of The Millionaire Next Door (it's on my list of the only five money books anyone needs to read). In case this is new news to you, the reason I'm a fan was that I read it as a younger man, did what it advised, and became wealthy as a result. Pretty simple. Some of you may know as well that the book's author, Dr. Thomas … [Read more...]
Millionaire Interview 110
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...]
Five Attributes of Millionaires, Part 2
This is a follow up to the post Five Attributes of Millionaires, Part 1 which featured information from the book Everyday Millionaires. The book conducted a survey of 10k millionaires, discovering their demographics, lifestyles, beliefs, and so forth. Last time we shared the five attributes of millionaires. As a reminder, they are as follows: Millionaires take … [Read more...]
Five Attributes of Millionaires, Part 1
This is a follow up to the post Most Common Myths about Everyday Millionaires which featured information from the book Everyday Millionaires. The book conducted a survey of 10k millionaires, discovering their demographics, lifestyles, beliefs, and so forth. Today we'll get into the book's second part and the real meat it has to offer. This section begins with the … [Read more...]
Most Common Myths about Everyday Millionaires
When I was at FinCon (the financial media conference) last September I attended a speech by Chris Hogan, one of the professionals in Dave Ramsey's speakers' group. I don't know Chris, but have heard him on podcasts, liked what he had to say, and was excited to see him talk. It was a good presentation and I enjoyed it -- one of my favorites from the week. After his … [Read more...]
Millionaire Interview 109
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...]
Nine Investing Strategies Millionaires Use to Accumulate Wealth
Today we continue to review the findings from my first 100 millionaire interviews. Before we proceed, let me know if you'd like to do a millionaire interview. I'm always looking for more millionaires to learn from. To get everyone on the same page, here are the posts we've already done regarding the first 100: Findings from 100 Millionaire Interviews: The Numbers … [Read more...]
Millionaire Interview 108
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. Today our interview is with Mr. RIP from Retire in Progress. My questions are in bold italics and his responses follow in black. Let's get … [Read more...]
Millionaire Interview 107
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...]
Millionaire Stories: How 7 Everyday People Became Wealthy and What We Can Learn from Them
We've now completed 100 millionaire interviews, run the numbers/stats/demos on them, and shared top learnings. Now I'd like to dig deeper into some of the more interesting and useful questions. I think this will help us add to the wisdom these wealthy individuals have to share. Today we'll focus on answers to this question: How did you accumulate your net worth? I ask … [Read more...]
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