467 - The $8 Million Janitor: Secrets of Slow Wealth

The Secret To Success with CJ, Karl, Jemal & Eric Thomas

Karl Phillips

Education, Self-improvement, Health & Fitness

4.9 • 6.5K Ratings

🗓️ 12 December 2024

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover the powerful story of the $8 million janitor who built incredible wealth through patience and smart investing. In this eye-opening episode, we break down how ordinary people can create extraordinary wealth through the "boring" path of consistent investing and compound interest. Learn why emotional intelligence might be the missing piece in your wealth-building journey and how to overcome the common pitfalls that prevent long-term success. Through real-world examples and practical insights, we explore why the "slow and steady" approach to wealth building often outperforms get-rich-quick schemes. The hosts share personal stories about compound interest in business, relationships, and life, revealing how small, consistent actions can lead to massive results over time. You'll discover why some of the most successful people aren't necessarily the most talented – they're simply the most consistent. Don't miss the game-changing insights about delayed gratification, the power of removing ego from decision-making, and why the "boring" path might be your fastest route to true wealth. Plus, learn how investing just $60 a month could potentially grow to millions over time. Patreon Are you ready to take your growth to the next level? Join the Secret to Success Patreon community for exclusive access to live recordings, behind-the-scenes content, and deeper insights you won’t hear on the podcast. This is your chance to connect with us, ask your questions directly, and join a driven, like-minded community committed to success. Plus, you'll get early access to episodes and bonus content designed to keep you motivated and focused on your goals. Don’t just listen—level up with us! Head over to Patreon.com/S2Spodcast120 to become a Secret To Success Patron! LISTENER PERKS: Shopify is the place to get your business started! Shopify is a complete commerce platform that lets you start, grow, and manage your business online. Has multiple templates available to design your store. Shopify can also integrate with existing software you currently use. Head over to Shopify.com/SecretToSuccess for a $1 per month for three months on select plans. Organifi Is giving our listeners up to 20% off of their order! Just go to www.organifi.com/success. Support your journey from sunrise to sunset with fan-favorite superfoods backed by science to replenish micronutrients, support energy and balance hormones from am to pm with our customer favorites. This episode is sponsored by Better Help, your partner along your personal journey to self improvement. Give online therapy a try at betterhelp.com/SUCCESS to receive 10% off your first month and get on your way to being your best self.

Transcript

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0:00.0	That's what I had to tell a group of young men that I was working with.
0:03.0	They were going through some stuff and they feel like they're being oppressed and they whatever.
0:08.0	And I was like, well, we need to do X, Y, Z.
0:10.0	And they was like, well, how am I going to benefit from it?
0:12.0	And I was like, that's one of the ways that you don't benefit when you always ask and how you benefit.
0:17.0	Yeah, yeah, yeah, yeah.
0:18.0	Like, that's an emotional response. So if Martin Luther King would have been like,
0:21.5	how do I benefit from this? We wouldn't be sitting in this room right now. I can't see it. I ain't
0:25.6	going to make it to the promised land with them. So why would I even do it?
0:28.3	It's the same thing. Everybody can say that. Why wouldn't, why would I, why would I do this and leave
0:32.7	my wife without a husband and leave my kids without a father for them when I'm already doing well you know so
0:39.0	I think the bigger challenge is we're emotional and not only are we emotional we have not come to grips
0:46.8	with we're emotional yeah you feel me so it's like you got two problems my mother called a triple
0:51.7	darkening you don't know that you don't know that you don't know.
0:59.8	You know what I'm saying? So you don't even know the reason why you're not successful is because you're emotionally spending it.
1:29.3	And you don't even know that you're emotionally spending it because you're emotional. Secret of Success Podcast, baby.
1:36.2	What's going on, world?
1:38.8	Welcome to another edition of the Secret to Success podcast.
1:43.7	I'm your host, CJ, joined as always by the Bayesian sensation, Mr. Carl Wesley Phillips.
1:44.8	What's going on, y'all?
1:45.2	What to do?
1:46.7	Dr. King is in the building.
	...

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