Why Rich People are Cheap

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Listen Money Matters

Careers, Business, Investing, Education

4.4 • 2.3K Ratings

🗓️ 13 January 2020

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Accordingly to the Fidelity Millionaire Outlook Survey, 86% of millionaires are self-made. Even more remarkable, 78% of them started out as middle class or poor. Only 22% grew up in the upper class. That means that the vast majority of millionaires built their wealth the old fashioned way: hard work, consistent saving and investing in the long-term. We’ll explain why rich people are cheap and how you can adopt their simple habits to become a millionaire yourself. Show Notes Warren Buffett Documentary HBO Honey MrBeast Spending 1,000,000 in 24 Hours Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey guys, I wanted to share something new I've been working on.
0:05.7	It's called Seeking Profit and it's a podcast where we talk about the second phase of my
0:10.2	personal finance journey building online businesses.
0:13.9	These businesses earn money while I sleep and have detached my time from my income.
0:19.2	Since 2013, I've generated millions in revenue with these websites.
0:24.2	I felt it was long overdue to create a show in Listen Money Matter Spirit that taught the
0:29.6	ins and outs of online business building.
0:31.5	This is my biggest passion and if you're interested in coming along for the ride,
0:35.7	just head over to SeekingProfitShow.com or search for Seeking Profit on YouTube or your favorite podcast app.
0:43.4	We're Seeking Profit!
0:50.4	Hey everybody, welcome to The Listen Money Matters. Whether you think you can or you can't,
0:54.7	you're probably right. My name is Matt and I'm here as always with Andrew,
0:57.6	how are you and what are you drinking?
1:00.2	That is my favorite phrase. I say that to Laura every week.
1:05.4	Anytime someone's pessimistic and I can't do it, I'm like,
1:08.4	whether you say you can or you can't, it's right.
1:11.6	But I am drinking your Kill and Me Smalls session L under advisory from you.
1:18.0	I actually got two beers from this guy, Alex B.
1:25.6	I don't want to say his name because maybe everyone will arrive to his house and have a beer.
1:30.3	But he sent us really cool goose island special edition beers.
1:35.6	But you said I would be wasted.
1:37.9	Well, yeah. So he sent Bourbon County. He sent a stout and I think a golden ale.
	...

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