The Wealth Myth: Your Wallet Wishes You Knew This

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 3 March 2025

⏱️ 35 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. IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://premiercoaching.com When it comes to self-made millionaires and high-net-worth individuals (HNWIs), a lot of myths and misconceptions dominate public perception. From how they accumulate wealth to whether money can truly buy happiness, many of these assumptions are simply not true. Let’s break down some of the most common myths about the wealthy, using real data to separate fact from fiction. Myth 1: More Money Doesn’t Make You Happier Fact: More money does lead to greater happiness—especially by improving life quality and reducing stress. While the old saying goes, “money can’t buy happiness,” recent research shows that wealth does contribute significantly to overall life satisfaction. Earlier studies suggested that happiness plateaus at around $75,000 a year, but more recent research from Matthew Killingsworth at the University of Pennsylvania challenges this. Killingsworth’s study found that happiness continues to increase as income rises beyond $100,000, and for many, it keeps rising well past $500,000 Why? Wealth offers greater freedom from financial stress, better healthcare, the ability to outsource chores, and more time for meaningful experiences like travel or hobbies. These factors improve life satisfaction and allow people to focus on personal growth and relationships. 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, Tim and
0:28.3	Julie Harris. Welcome back. First off, I want to thank all of you who have given us five-star
0:34.4	reviews over on iTunes. And that is certainly appreciated. It helps us
0:38.5	to stay in alignment with our highest and truest purpose, which is being of service to all of you.
0:43.3	And when you give us a five-star review over on iTunes, it lets iTunes know to share our podcast
0:47.5	with other listeners. So thank you for doing so. And if you've loved our past podcasts, which
0:52.6	literally thousands of you have because you listen
0:54.7	every day, please do remember to give us a five-star review over on iTunes and include a little piffy
0:59.9	comment when you do so.
1:01.3	And it is your way of thanking us for this podcast, which hopefully, because so many of you
1:05.9	listen every day, is worthy of being thankful for it.
1:08.5	So the topic of today's podcast is the millionaire myth,
1:11.7	why everything you think about wealth is wrong. Now, what motivated Julie and I to come up with
1:16.2	this topic today and all these points we're about to share with you is because obviously we're
1:20.0	in a political season and you have the haves and the haf knots that are, you know, political hot
1:24.5	buttons and all the rest of it. And so what's really important is that
1:28.2	you understand clearly what money is for, what money is not for, what essentially wealth is,
1:33.7	what wealth isn't, you know, and really remove the ego and the political rhetoric from all of it.
1:38.0	And you're going to feel, I think, a sense of clarity and almost a sense of relief that really it's not that complicated in terms
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