The Millionaire Myth: Why Everything Agents Think About Wealth is Wrong

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 30 July 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? Visit: https://whylibertas.com/harris or text Tim directly at 512-758-0206. ******************* 2025’s Real Estate Rollercoaster: Dodge the Career-Killers with THIS Mastermind! 🎢 Is 2025 hitting your real estate hustle like a rogue wrecking ball? You’re not imagining it—this market’s a BEAST! 😱 Leads are playing hard-to-get, competition’s got claws, and clients are side-eyeing every move. For too many agents, the vibe’s less “top producer” and more “where’d my mojo go?” But hold up—there’s a way to flip the script before its too late! 🎬 Join real estate rockstars Tim & Julie Harris for their Exclusive Mastermind Webinar—a no-BS, action-packed session where they’re sharing the secrets on how top agents are CRUSHING the 3 deadliest problems tanking careers in 2025: 🔥 Proven, Powerful Lead Gen Systems : Unlock strategies that pull in leads like moths to a flame—tailored for TODAY’S market.🔥 Real Estate Systems That Stick: Get simple, repeatable playbooks to take back control and keep your pipeline POPPIN’.🔥 Branding That Magnetizes: Learn how to make sellers swoon and pick YOU over the competition. “Tim & Julie’s playbook TRIPLED my listings. Game-changer!” – Mike R., Top Agent 🏆 ⏰ Only 177 seats left! This ain’t a fluffy seminar with recycled advice. No replays, no do-overs—just straight-up, market-specific solutions to get you UNSTUCK. 👉 Snag your spot NOW: harrismastermind.com <------------CLICK TO REGISTER P.S. If you’re already obsessed with Tim & Julie’s podcast, brace yourself—these masterminds are next-level! Deeper insights, faster results, and a rocket boost to your career. Don’t sleep on this—reserve your seat before they vanish!******************* 💥 Truth Bombs About Millionaires When it comes to self-made millionaires and high-net-worth individuals (HNWIs), there’s no shortage of myths. From the idea that they got rich overnight, to the claim that they don’t pay taxes or give back—popular culture is packed with misleading stories. But real wealth-building isn’t about winning the lottery, taking wild financial risks, or being born into privilege. It’s about consistent habits, long-term strategy, discipline, and yes—an entirely different mindset about money, success, and happiness. Let’s break down some of the most common myths about millionaires and high-net-worth individuals using real research, data, and examples. It’s time to separate fact from fiction—and maybe rethink your own approach to wealth in the process. HUGE Announcement: You will love this! Looking for the full outline from today's presentation? Our DAILY Newsletter featured lead generation systems, real estate scripts, daily success plans and (YES) the notes or today's show. Best part? The newsletter is free! https://harrisrealestatedaily.com/

Transcript

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0:00.0	Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:10.2	This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.
0:18.2	What's really working in today's market, how to generate more leads,
0:21.8	make more money, and have more time for what you love in your life. And now your host,
0:27.8	Tim and Julie Harris. Welcome back. It's Tim and Julie Harris. And this is your favorite daily
0:35.4	real estate coaching and training podcast.
0:38.5	And today's topic is the millionaire myth why everything agents think about wealth is wrong.
0:44.1	And this is another podcast that was inspired by all of you with questions. And I have to say,
0:48.9	this is one of the topics that nobody likes to talk about. There's a taboo when it comes to talk about money. There's a taboo when it comes to talk about building wealth. There's a taboo and all these things. You guys know this. I don't have to tell you. Now everyone will talk about making more money and everyone will talk about, you know, generating more transactions and the rest of it. But you guys ever notice how few people actually talk about becoming rich where your money works for you.
1:11.0	You no longer work for your money.
1:12.4	When was the last time you had a conversation with a real estate agent, not an investor, but a
1:16.4	real estate agent about how they're living off passive income?
1:19.5	When is the last time you had a conversation with your spouse about making it to the,
1:23.5	building enough wealth to the point where you can live off passive income?
1:27.0	And I'm here to tell you that the reason that a lot of people don't have those
1:30.6	conversations is because inadvertently they discovered one of the biggest
1:34.9	truisms about real estate. Relatively speaking, it's easy to generate revenue, but
1:39.5	most definitely it's hard to have net income because enough net income that moves the needle for you
1:45.8	long term financially because no one teaches how to do it. And no one teaches you how to do it
1:51.2	not just because you're in the real estate business, but because in life in general,
1:55.2	for some reason, this is not something people really focus on. And here, I'll prove it to you.
2:00.6	Building wealth long, if you guys want to really drill down on the building wealth aspects, I'll give you a little some breadcrumbs to follow. Just read any book by Warren Buffett or Charlie Munger. There you go, I just summarized it for you. And invest in Vanguard index funds primarily. And if you can only choose one, vestin V-O-O-O-V-O-O-V-O-Gythor-O-GY, which is, if I remember correctly, it's a S&P fund of the top 100 companies in the S&P. It might be 500, I don't know. But that's it. I just sold you. That's pretty much what you want to do. And then when you get to us, when you are, you know, at a certain age, if you want to remove all risk from your portfolio and don't want to
	...

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