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Patrick Boyle On Finance

Millionaire Habits That Could Change Your Life

Patrick Boyle On Finance

Patrick Boyle

Investing, Business

4.9320 Ratings

🗓️ 7 January 2021

⏱️ 8 minutes

🧾️ Download transcript

Summary

Send us a textMillionaire Habits That Could Change Your Life. In today’s podcast, I will share thirteen millionaire habits, things that self-made millionaires do that poor people do not. According to Fidelity, only 12% of today's millionaires in America inherited a significant portion of their wealth. One of the most effective ways to build wealth is to study those who have done so already. While taking on these habits won't necessarily make you rich, they might be a step in the right di...

Transcript

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0:00.0

Hello and welcome. You are listening to Patrick Boyle on Finance, a podcast exploring ideas from quantitative finance, examining events occurring in markets right now and financial history to see what lessons can be taken away, including interviews with some of the most interesting people in the world of finance. To learn more about the podcast, visit onfinance.org.

0:27.5

Welcome back to Patrick Boyle on finance. So over the last few months, I found myself on a lot of long

0:33.9

drives in the car listening to a number of podcasts. Many of the ones I enjoyed involved interviews with interesting and successful people.

0:42.3

And I noticed that many of these interviews are the topics being discussed, are effectively self-help for successful people.

0:49.3

A lot of the most popular podcasters today are themselves quite wealthy and their content

0:55.1

is aimed at an already successful follower base.

0:58.9

People like Tim Ferriss, Shane Parrish, Ryan Holliday, Mark Manson and James Clear would

1:04.3

all fall into this category, along with some of the Joe Rogan motivational clips that you

1:09.6

can find here on YouTube. There are many

1:11.9

interesting themes that I found that run through the advice given in these podcasts, such as to set

1:17.8

a work schedule, to focus on the difficult things first, to write down lists of goals and affirmations,

1:24.8

to focus on the things you can control and accept the things that you can't,

1:29.4

and to be radically honest with both yourself and the people that you deal with.

1:34.3

I'd love to hear what interesting or inspiring podcasts or YouTube channels you guys enjoy as well,

1:40.0

so do let me know in the comment section.

1:42.8

Some of the advice related to people going full circle,

1:46.2

they started out working with a good job, but one in which they possibly have less controlled

1:51.5

than they might have liked to have, where their time and their work schedule is structured

1:56.6

and defined by their employer. After going to great lengths to escape that framework inspired by

2:02.9

entrepreneurship or ideas around the early retirement fire movement, they became more autonomous.

2:10.3

But then they found a need to find discipline and to build a new structure in their life

2:16.3

that ensures that they continue learning,

...

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