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THE ED MYLETT SHOW

5 Habits To Become a Millionaire: How Everyone Can Build Wealth in 2025!

THE ED MYLETT SHOW

Ed Mylett

Education, Business, Self-improvement, Entrepreneurship

4.913.6K Ratings

🗓️ 17 May 2025

⏱️ 100 minutes

🧾️ Download transcript

Summary

👇 SUBSCRIBE TO MY YOUTUBE CHANNEL - so this show can reach more people 👇 https://www.youtube.com/channel/UCIprGZAdzn3ZqgLmDuibYcw?sub_confirmation=1 Click the Link Below to Subscribe to my email list to MAXOUT your life (all value, no fluff) https://konect.to/edmylett 💥 Get my exclusive Monday Motivation training in GrowthDay, the world’s #1 app for advanced mindset and personal development. Visit https://growthday.com/ed. This show is sponsored by GrowthDay. Want to Be the First Millionaire in Your Family? Start Here. In this episode, I’m bringing you a MASHUP of voices you need to hear if you want to stop living paycheck to paycheck and finally take control of your financial future. This is straight talk — no fluff, no gimmicks, just real conversations about the habits and decisions that actually lead to wealth. I’m joined by Vivian Tu, Billy Gene, Candy Valentino, and Marc Lore, and every one of them brings something real to the table. Vivian Tu breaks down her “STRIP” framework — not what you think — which stands for Savings, Total Debt, Retirement, Investing, and Plan. It's practical, it's relatable, and it's something every young person should be taught in school. I jump in to challenge her on the idea of tax deferral and 401(k)s, because too many of you are deferring money into accounts without fully understanding what that means down the road. And I want you to think about whether taxes are really going to be lower when you retire. Marc Lore takes us behind the scenes on raising capital — not just the logistics, but the mindset. He explains why equity often beats debt and how control doesn't have to mean owning 100%. And Candy? She drops some of the best financial parenting advice I've heard — teaching kids through action, not just words. “Caught, not taught,” as she says. Billy Gene brings the heat, reminding us all that trying to figure it out alone is a massive mistake. And his breakdown of how solving bigger problems leads to bigger income? That’s a formula you can take straight to the bank. This isn’t about having a million-dollar idea. It’s about building million-dollar habits — starting with what you drive, how you spend, and what you save. I’ve been broke. I’ve had cars repossessed and my power shut off. And I’ve also built real wealth — not just to have nice things, but to have peace, freedom, and control. That’s what I want for you. Key Takeaways: - Vivian Tu’s STRIP method for financial health — and why investing isn’t just opening an account. - Why trying to look rich is the fastest way to stay broke. - How Marc Lore thinks about equity vs. debt — and what it really means to keep control. - Billy Gene’s one piece of advice that could save you years of wasted effort. - How to teach kids financial discipline by modeling it, not preaching it. - Why the lie that “you’ve got time” is crushing the next generation’s potential. If you’ve been wondering where to start, or how to restart, this is it. Build the habits now. Save the money. Ask the right questions. Get the help you need. I’ve made the mistakes, so you don’t have to. This episode is your wake-up call — and your invitation to stop living like you're broke and start living like someone building wealth. Let’s go. Thank you for watching this video—Please Share it and get the word out! 👇 SUBSCRIBE TO MY YOUTUBE CHANNEL👇 https://www.youtube.com/channel/UCIprGZAdzn3ZqgLmDuibYcw?sub_confirmation=1 ▶︎ Visit My WEBSITE | https://www.EdMylett.com #EdMylett #Motivation Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

So hey guys, listen, we're all trying to get more productive. And the question is, how do you find a way to get an edge?

0:05.4

I'm a big believer that if you're getting mentoring or you're in an environment that causes growth, a growth-based environment, that you're much more likely to grow and you're going to grow faster has created that I'm a big fan of. Write this down, growthday.com forward slash ed. So if you want to be more productive, by the way, he's asked me,

0:25.3

I post videos in there every single Monday that gets your day off to the right start. He's got about

0:29.3

$5,000, $10,000 worth of courses that are in there that come with the app. Also, some of the top influencers in the world are all posting content and they're on a regular basis.

0:37.6

It's like having the Avengers of Personal Development and Business and one app.

0:41.5

And I'm honored that he asked me to be a part of it as well and contribute on a weekly basis, and I do.

0:45.5

So go over there and get signed up.

0:46.7

You're going to get a free tuition-free voucher to go to an event with Brendan and myself and a bunch of other influencers as well.

0:51.9

So you get a free event out of it also. So go to growthday.com forward slash ed. That's growthday.com forward slash ed.

1:01.1

Hey, it's Ed Milet. Let me share something powerful with you. You know, in uncertain times,

1:05.1

the smartest people I know protect what they've built. That's why Advantage Gold is a part of our

1:09.5

program now. And what I love about what they're doing is they're giving away a free gold and silver investor kit that walks

1:14.6

you through exactly how to get started. Text win to 85545 to get your free kit. That's win to

1:20.8

85545. Don't wait for the next crash. Be the one who's ready. Protect, prepare, and prosper.

1:26.8

Message and data rates may apply. Performance varies. Always consult your financial and tax professional.

1:37.2

This is the Edmiler's show.

1:41.6

Hey, everyone. Welcome to my weekend special. I hope you enjoy the show.

1:44.9

Be sure to follow the Ed Mylett show on Apple and Spotify.

1:48.5

Links are in the show notes.

1:49.8

You'll never miss an episode that way.

1:51.6

I'm fired up about today because we're going to talk about money and you having more, accumulating more, making more.

1:58.7

And why it matters.

...

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