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Millionaire Mindcast

Why 7 Streams Of Income Wont Make You Ultra Wealthy | FFT

Millionaire Mindcast

Matt Aitchison

Business, Investing

4.8721 Ratings

🗓️ 14 October 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

In this episode of Millionaire Mindcast, Matty A. talks about why 7 streams of income won't make you ultra-wealthy. So tune in. Take notes, Enjoy today's Food For Thought Friday episode! 

Connect with Matty A. and Text me to 844.447.1555 

Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com

Transcript

Click on a timestamp to play from that location

0:00.0

What's going on, guys, Maddie here?

0:06.6

Welcome into today's show.

0:09.5

I wanted to share two very powerful thoughts and statistics with you about getting rich

0:16.6

that most people really never truly understand.

0:20.8

And this was actually shared with me at a recent

0:24.4

mastermind. As many of you know, I've got my accountability group. These are guys that I've been

0:28.2

networking and on a weekly call, sharing goals, sharing finances, sharing health metrics,

0:35.0

sharing stuff about our marriages and our families with our kids, and

0:38.8

ultimately holding each other to a level and a standard of living to get the most out of life.

0:46.9

And every year, we get together and we do an amazing badass trip. This one was in the Grand Canyon

0:52.6

where we were in Sedona and Scottsdale

0:56.3

ended in the Grand Canyon and we did all kinds of crazy fun activities, hiking, mountain biking,

1:01.6

spas, retreats, pickleball championships, all kinds of cool stuff. But we also try and bring in our

1:08.3

goals and we try and bring in financial planning perspectives.

1:12.6

And we had the advisor to the Walt Disney family.

1:19.2

And he is an advisor to many wealthy families, probably a dozen or so billionaire families in the U.S. as well as obviously many Deca

1:30.4

millionaire-based families, 100 million or more, under, you know, net worth.

1:36.8

And he had some really great statistics.

1:39.2

But one that really stood out to me was he said that 95%, this is an updated statistic as of

1:48.6

2022, 95% of the people who have more than 20 million liquid net worth in America are small

1:57.8

business owners.

1:59.3

And when you think about that, right,

...

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