10 Things Millionaires Do to Build Wealth
Deeper Than Money
Chloe Elise
4.9 • 825 Ratings
🗓️ 5 October 2020
⏱️ 22 minutes
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| 0:00.0 | Hi and welcome to the Deeper Than Money podcast. I am your host, Chloe Elise. I'm a millennial money |
| 0:11.3 | coach speaker, dog mom, and a seven on the enneagram, and I am on a mission to prove to you |
| 0:17.1 | that finances can be fun and easy. On the Deeper Than Money podcast, we will dive |
| 0:22.6 | into all things millennial finance, debt, saving mindset, and how to have financial freedom |
| 0:29.0 | to enjoy life in your 20s and 30s. I want you to leave this podcast with more confidence around |
| 0:34.9 | your Moolah and the belief that your biggest financial dreams are |
| 0:38.2 | possible for you. So let's talk money. |
| 0:57.2 | Today we're going to be talking about eight things that millionaires do to build wealth. Or you could look at it like eight things that |
| 1:03.7 | people can do to become a millionaire. And I think when we talk about the term millionaire, and this is definitely what happened to me |
| 1:12.8 | or how I used to think of it, but when we think of the term millionaire, it seems very far off, right? |
| 1:19.5 | Like a millionaire is like, oh, well, you know, I would never be a millionaire. |
| 1:23.3 | I would never be able to do that. |
| 1:25.1 | Millionaires are, you know, all handed their wealth. They came from trust funds. I don't have that, so I would never be able to do that. Millionaires are, you know, all handed their wealth. |
| 1:28.4 | They came from trust funds. |
| 1:30.1 | I don't have that, so I would never be able to be a millionaire. |
| 1:33.5 | And I really, really want to change that narrative. |
| 1:38.0 | I want to change that narrative because, and this statistic always blows my mind, |
| 1:44.0 | 80% of millionaires are first generation millionaires. |
| 1:51.5 | 80% of millioners are first generation millionaires. |
| 1:55.7 | So, yes, there are so those 20% of people who were given a trust funder. |
| 2:01.8 | They were handed a million dollars or they won a million dollars on a game show or whatever. They were somehow, you know, |
| 2:07.4 | gifted a million dollars. But for the other 80%, they are first generation millionaires. |
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