#049: How Millionaires Handle their Money, with Joe Saul-Sehy
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 4 December 2017
⏱️ 31 minutes
🧾️ Download transcript
Summary
People who are millionaires have respect for a dollar, and they cut expenses that don't add value to their lives.
Joe Saul-Sehy was a financial planner for 16 years, and he has observed some interesting things about how millionaires handled their money. He says it's not discipline, it's about seeing something good that happens, then making it automatic.
- Other takeaways from this episode:
- Automate important tasks
- Know that there's a big difference between planning for tomorrow vs. planning for the long-term
- Improving revenue AND decreasing the costs go hand-in-hand
- Knowledge doesn't pay – action pays
For more details, go to the show notes at http://www.bigpictureretirement.net/049
Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide specific tax, legal, or financial advice. |
| 0:05.1 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:12.8 | Hello everyone and welcome to the Big Picture Retirement Show, |
| 0:16.2 | where we deliver insight on what you need to know for a meaningful and successful retirement. |
| 0:22.0 | If you are planning for or living in retirement, this is the show for you. |
| 0:27.5 | I'm Devin and with me today in our studio is John Ross. |
| 0:31.5 | Hey John. |
| 0:32.0 | Howdy. |
| 0:33.1 | And we have someone joining us here in just a moment. |
| 0:35.9 | But first, can you believe it's December |
| 0:38.1 | already? |
| 0:39.2 | Right? |
| 0:40.4 | Where did the year go? |
| 0:41.8 | We just launched this podcast 11 months ago today. |
| 0:46.8 | Episode number zero zero one came out. |
| 0:49.7 | And here we are. |
| 0:50.8 | This is crazy. |
| 0:51.6 | One year into it. |
| 0:52.6 | Yeah, I can't believe we've released that many episodes. |
| 0:55.5 | I think that's the most interesting fact about December, but there's a couple of others that I |
| 0:59.5 | saw out there. John, you may not have known this, but this is National Fruitcake Month. |
| 1:06.9 | I did not know that. But being December, the time for Christmas, the time for gifts, you could guess probably that fruitcakes would be in there somewhere. |
... |
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