2079: [Part 2] The Five Biggest Millionaire Regrets by ESI

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 27 October 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

ESI of ESI Money talks about the five biggest millionaire regrets. This is part 2 of 2. Episode 2079: [Part 2] The Five Biggest Millionaire Regrets by ESI ESI Money is written by "ESI", a 50-something retiree. The site is basically a list of what's allowed him to become financially independent and how you can implement those successes in your life. His philosophy is simple and focuses on doing three simple things to achieve financial independence: earn, save, invest. There's a bit more to it than that, of course, but if you can concentrate on these three areas, they will get you at least 90% of the way there. The original post is located here: https://esimoney.com/the-five-biggest-millionaire-regrets/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is Optimal Finance Daily Episode 2079, the 5 biggest millionaire regrets, part 2
0:08.0	by ESI of ESIMoney.com, and I'm your host and personal finance enthusiast, Diana Mariam.
0:15.6	Now today's post is a continuation from yesterday, so if you're new here, I'd recommend listening
0:21.0	to yesterday's episode first, but if you're all caught up, let's hear part 2 and continue
0:26.8	optimizing your life.
0:32.8	The 5 biggest millionaire regrets, part 2 by ESI of ESIMoney.com
0:40.8	Number 3, missing out on real estate investing.
0:44.8	Since we've covered earn and save so far, why not round out the group and talk about investing regrets?
0:50.8	Does anyone else find it interesting that the top three areas where millionaires have
0:55.8	the most regrets are the three basic tenants of this site? Maybe it's just me.
1:00.8	Anyway, here are a couple top investing regrets.
1:04.8	Millionaire number 44
1:07.8	Quote, post undergrad, I wish I had taken a harder look at real estate investing as an income source earlier in my career.
1:15.8	I always thought I didn't want the hassle, but when I looked at it in terms of financial independence,
1:20.8	I realized I would gladly trade a couple hours a month for the cash flow stability over time,
1:26.8	as well as the ability to leave my full time career if I so choose.
1:31.8	Post MBA, I regret not getting into the housing market in San Francisco.
1:36.8	I could have purchased something to live in back in 2010 when I moved here.
1:40.8	Really, it just means I missed out on a great leveraged bed over the past 8 years.
1:46.8	In general, I've always shied away from debt that would dramatically eat into my ability to save in the near term,
1:52.8	even when doing a deal might be the long-term way to maximize my net worth.
1:58.8	And millionaire number 45
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.