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Afford Anything | Make Smart Money Choices

From Millionaire to Broke, Plus the Habits of the Rich, with Tom Corley

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Investing, Entrepreneurship, Business

4.73.6K Ratings

🗓️ 10 February 2016

⏱️ 58 minutes

🧾️ Download transcript

Summary

#10: OMG! It's Tom Corley, the RICH HABITS guy! Jay is having a heart attack. Tom Corley studied self-made millionaires and poor people to come up with some interesting results. He wrote about it in a story called "Rich Habits". Tom shares his story of being well off as a child before his dad lost everything. Then he worked hard to bring himself up to not-broke status and on to becoming an accountant. After studying some of his clients he expanded to 233 self-made millionaires and 150 poor people. The results of those studies were very telling - but nobody really cared about it. Then he got a break when Farnoosh Torabi did a segment about the Rich Habits on Yahoo Finance. The rest is history in the making. Watch for Tom Corley's new book - Change Your Habits, Change Your Life - which gives more of the "how to" rich habit change. You can find it at http://ChangeYourHabitsBook.com For links to some of Jay's favorite Tom Corley articles, visit https://affordanything.com/episode10 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Are you recording already?

0:01.2

Yeah.

0:02.0

Three, two, one.

0:06.4

You were listening to the Paula and Jay Money Show.

0:09.0

We'd rather be at a bar with you right now,

0:10.8

but this is the next best thing.

0:12.6

It's financial freedom time with Paula Pant and Jay Money.

0:18.4

What up, Jay?

0:19.4

What's up, Paula P?

0:20.4

I am so excited for this guy that we've got coming up on today's show.

0:23.8

My boy, Tom Corley, I love this dude.

0:26.6

I did not know who he was until you told me about him, Jay,

0:30.1

and I started looking him up.

0:31.6

This guy's life story is fascinating.

0:34.6

When he was nine years old, his family went from being multi-millionaires

0:39.6

to being broke in the span of one single night.

0:43.1

And when I say broke, I don't mean like,

0:44.9

oh, we can't afford the coolest shoes broke.

0:47.4

I mean, his father was seriously contemplating suicide level of broke.

0:52.6

That's crazy.

0:53.6

I had no idea about any of that stuff.

0:54.9

And so you pretty much just told me.

...

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