Podcast appearances and mentions of william danko

Our guest on the podcast today is Dr. Preston Cherry. Dr. Cherry is the author of a new book called Wealth in the Key of Life: Finding Your Financial Harmony. He's also founder and president of Concurrent Wealth Management. In addition, he serves as Assistant Professor of Finance and Head of the Personal Financial Planning Program at the University of Wisconsin-Green Bay, where he also serves as the Director of the Charles Schwab Foundation Center for Financial Wellness. Prior to assuming his current roles, he served in lead and internal financial planning roles in institutional retirement sales. He has also served as co-investment manager at a Registered Investment Advisor and as a mutual fund wholesaler.BackgroundBioLife Money Balance podcastWealth in the Key of Life: Finding Your Financial HarmonySchwab Center for Financial WellnessThemes in Book“What Is Financial Freedom?” by Preston Cherry, concurrentfp.com, July 9, 2024.“Building Wealth With Gratitude: Essential Tips for Gen X,” Life Money Balance podcast, youtube.com, Nov. 26, 2024.“How to Retire Comfortably: Essential Financial and Emotional Tips for a Joyful Retirement,” by Preston Cherry, concurrentfp.com, Nov. 13, 2024.Other“Dr. Preston Cherry: ‘Money and Life Intertwined,'” The Long View podcast, Morningstar.com, Nov. 22, 2024.Songs in the Key of Life, Stevie Wonder album“Does Money Buy Happiness? Here's What the Research Says,” by Michele Berger, knowledge.wharton.upenn.edu, March 28, 2023.The Millionaire Next Door, by Thomas Stanley and William Danko

Send us a textOn the latest episode of The Get Ready Money Podcast, I spoke with Charlene Cong, CFA, investment coach and founder of FinFit about changing the way we think about money and democratizing financial literacy. In this episode we discussed:Simplicity wins with money. Why a long term mindset and consistency are critical for success.Investing is for everyone, not just for the rich.  What is a Chartered Financial Analyst (CFA)?The relationship between fitness and finances. Start investing as early as possible - invest for your kids (it's the power of compound interest). Charlene H. Cong, CFA, is the founder of FinFit GmbH, a finance and investment educator, podcaster, and YouTuber. With over 10 years of experience in the banking industry, including a tenure at JPMorgan Asset Management, she is a Chartered Financial Analyst based in both Hong Kong and Switzerland. Charlene is an Executive Board Member of the Swiss Capital Market Forum. Connect with Charlene Cong:Website (website)  www.charlenecong.comFinFit GmbH Website: www.finfitsolution.comLinkedIn (LinkedIn) https://www.linkedin.com/in/charlenecong/Instagram (Instagram) Resources:Budgeting and Spending Template (free): (here)Investment Masterclass: (here)Youtube (here) https://www.youtube.com/@CharleneCongPodcast:Charlene's Podcast (YouTube) Mentioned on this episode:The Get Ready Money Podcast: The Power of Compound Interest with Mac Gardner, Derrick Wesley, Chris Mouzon & Thomas Kopelman (here).Warren Buffett's Annual Letter to Berkshire Hathaway Shareholders (here).The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham (Amazon). The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas Stanley and William Danko (here) The Four Money Bears by Mac Gardner (Amazon) The Monster Job by Faith Teope (Amazon)Sammy Rabbit's Money School (here)Support the show

Robert Leonard talks to Jeremy Schneider all about personal finance, and his useful strategies for building wealth for the millennial generation. Jeremy is a successful entrepreneur and software developer, and the founder of Personal Finance Club, a resource that aims to aid investors in the most effective path to building wealth. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 12:57 - The three life-long habits to form in order to build wealth and stay wealthy. 22:03 - A six-step personal finance plan to become a millionaire. 22:03 - How to minimize or pay off debt. 38:38 - Rules for smart investing.  38:38 - Some approaches to investing in the stock market. 01:15:20 - The first thing you should do to get started on your wealth building journey. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended Book: The Millionaire Next Door by Thomas Stanley and William Danko. Recommended Book: The Total Money Makeover by Dave Ramsey. Recommended Book: I Will Teach You To Be Rich by Ramit Sethi. Recommended Book: The Behavioral Investor by Daniel Crosby. Recommended Book: Set for Life by Scott Trench. Recommended Book: The Education of a Value Investor by Guy Spier. Personal Finance Club: Primary Home vs. Investment Property vs. S&P 500. Personal Finance Club: What's the difference between an index fund and an ETF? Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: DeleteMe Monarch Money Fundrise Linkedin Marketing Solutions NerdWallet TurboTax NetSuite Toyota Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Tom Santi, who lives in Florida and is currently in a part-time/transitional work phase leading toward retirement.  They talk about a wide array of retirement planning topics such as when Tom started getting serious about retirement planning, what he wishes he would have known earlier, how he planned for the non-financial aspects of retirement, and a variety of financial topics such as Social Security, investing, portfolio distributions and how he received the CFP in the 1990s but never actually formally practiced as a financial planner!Links in this episode:Tom's favorite retirement planning resources:Chris Farrell's book, Your Money Ratio$Thomas Stanley and William Danko's book, The Millionaire Next DoorBurton Malkiel's book, A Random Walk Down Wall StreetJohn Paulos's book, InnumeracyDarrell Huff's book, How to Lie with StatisticsAnnie Duke's book, Thinking in BetsTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com

On today's rewind episode, Robert Leonards chats with Aaron Nannini about ways to wisely manage your money and the importance of having a proper mindset for wealth-building. After struggling with money in his twenties and being sick of living paycheck-to-paycheck, Aaron started educating himself on personal finance. Aaron is now the founder of CashUncomplicated.com, a personal finance website that teaches people how to achieve financial success through implementing basic and uncomplicated principles such as life goals, daily habits, intentional money decisions, and a value-based spending mindset. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 03:06 - Why behavior and mindset are so important when it comes to money. 04:42 - What value-based spending is and how it can help with balancing the YOLO and future-thinking mindsets.   06:07 - What “keeping up with the Joneses” means and why you shouldn't do it. 10:57 - How to fight back against lifestyle creep. 12:53 - How to avoid or get out of the paycheck-to-paycheck cycle. 18:16 - What the difference is between bad debt and good debt. 18:16 - How to get out of bad debt and leverage good debt. 22:37 - If one should use or avoid credit cards and how to appropriately use them. 34:08 - What silent killers are in terms of money. 40:54 - What the shocking cost of cars is and the myths of car loans. 48:25 - How to successfully manage money with one's partner and avoid divorce.  And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended Book: Cash Uncomplicated by Aaron Nannini. Recommended Book: The Millionaire Next Door by Thomas Stanley and William Danko. Recommended Book: I Will Teach You To Be Rich by Ramit Sethi. Recommended Book: Broke Millennial by Erin Lowry. Recommended Book: The Richest Man in Babylon by George Clason. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: HelloFresh Fundrise Linkedin Marketing Solutions TurboTax NerdWallet NetSuite Learn more about your ad choices. Visit megaphone.fm/adchoices

In this MI Rewind Episode, Robert Leonard chats with Jesse Mecham to talk about how abiding by simple budgeting can set you up for success in the future. Jesse founded You Need A Budget (YNAB) in 2004 while he was still in college. YNAB has grown into a leading software and proven method that helps its users get out of debt and have more control over their money. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 01:43 - How the idea of You Need A Budget came to be.  02:50 - If you need to raise capital to start a business. 04:31 - What is the Four-Rule Method of budgeting, and why it works? 17:30 - How can you roll with the punches when it comes to budgeting? 20:04 - Why budgeting is crucial to being a successful investor. 22:11 - What does it mean to age your money? And much, much more! BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out You Need A Budget. JL Collin's book The Simple Path to Wealth. Thomas Stanley and William Danko's book The Millionaire Next Door. Ramit Sethi's book I Will Teach You To Be Rich. Erin Lowry's book Broke Millennial. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: NetSuite Fundrise Masterclass HelloFresh Learn more about your ad choices. Visit megaphone.fm/adchoices

Robert Leonard and Chris Naugle talks through the concept of “infinite banking” in-depth. Chris is an accomplished entrepreneur, real estate investor, and author. He is the CEO and Founder of FlipOut Academy and The Money School, while having also participated in an HGTV show “Risky Builders” with his wife Lorissa. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 07:01 - What is infinite banking? 07:01 - Why it may, or may not, be "too good to be true." 14:47 - How to use infinite banking to get out of debt. 14:47 - Who uses infinite banking successfully right now? 22:39 - How to use infinite banking to build wealth. And much, much more! BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Chris Naugle on TIP's Real Estate Investing podcast. Bauer Financial. Austrian Economics. Nelson Nash's book Infinite Banking. Chris Naugle's book Mapping Out the Millionaire Mystery. Chris Naugle's book The Private Money Guide: Real Estate Edition. Thomas Stanley and William Danko's book The Millionaire Next Door. All of Robert's favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Airbnb NetSuite Babbel Masterclass Shopify Principal Financial Connect with Chris: Website | LinkedIn | Instagram Connect with Robert: Instagram | Twitter | LinkedIn | Facebook

Robert Leonard and Chris Naugle talks through the concept of “infinite banking” in-depth.Chris is an accomplished entrepreneur, real estate investor, and author. He is the CEO and Founder of FlipOut Academy and The Money School, while having also participated in an HGTV show “Risky Builders” with his wife Lorissa.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro07:01 - What is infinite banking?07:01 - Why it may, or may not, be "too good to be true."14:47 - How to use infinite banking to get out of debt.14:47 - Who uses infinite banking successfully right now?22:39 - How to use infinite banking to build wealth.And much, much more!BOOKS AND RESOURCESChris Naugle on TIP's Real Estate Investing podcast.Bauer Financial.Austrian Economics.Nelson Nash's book Infinite Banking.Chris Naugle's book Mapping Out the Millionaire Mystery.Chris Naugle's book The Private Money Guide: Real Estate Edition.Thomas Stanley and William Danko's book The Millionaire Next Door.All of Robert's favorite books.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSYour home might be worth more. Earn extra money today with Airbnb.Get a customized solution for all of your KPIs. Download NetSuite's FREE popular KPI Checklist.Experience real language learning for real conversations with Babbel. Listeners from Germany can use our code INVESTOR to get a 12-month subscription for the price of 6 months.Learn from the world's best minds with Masterclass. Get 15% off an annual membership today.Be in control of every sales channel with Shopify. Sign up for a $1/mo. trial period today.Find the right benefits and retirement plan for your team with Principal Financial.Connect with Chris: Website | LinkedIn | InstagramConnect with Robert: Instagram | Twitter | LinkedIn | FacebookSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Robert Leonard chats with Aaron Nannini about ways to wisely manage your money and the importance of having a proper mindset for wealth-building.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro03:06 - Why behavior and mindset are so important when it comes to money.04:42 - What value-based spending is and how it can help with balancing the YOLO and future-thinking mindsets. 06:07 - What “keeping up with the Joneses” means and why you shouldn't do it.10:57 - How to fight back against lifestyle creep.12:53 - How to avoid or get out of the paycheck-to-paycheck cycle.14:16 - What the difference is between bad debt and good debt.19:04 - How to get out of bad debt and leverage good debt.22:37 - If one should use or avoid credit cards and how to appropriately use them.34:08 - What silent killers are in terms of money.40:54 - What the shocking cost of cars is and the myths of car loans.48:25 - How to successfully manage money with one's partner and avoid divorce.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESAaron Nannini's book Cash Uncomplicated.Thomas Stanley and William Danko's book The Millionaire Next Door.Ramit Sethi's book I Will Teach You To Be Rich.Erin Lowry's book Broke Millennial.George Clason's book The Richest Man in Babylon.All of Robert's favorite books.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSLearn how Principal Financial can help you find the right benefits and retirement plan for your team today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite's popular KPI Checklist, designed to give you consistently excellent performance for free.Be confident that you'll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Shape and flex your home loans how you want with Athena. Join the thousands of Aussies taking control of their mortgage today.Your home might be worth more than you think. Earn extra money today with Airbnb.Learn from the world's best minds - anytime, anywhere, and at your own pace with Masterclass. Get 15% off an annual membership today.Support your success every step of the way with Shopify. Sign up for a one-dollar-per-month trial period today!Support our free podcast by supporting our sponsors.Connect with Aaron: Website | Facebook | LinkedIn | Instagram Connect with Robert: Website | InstagramSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Robert Leonard talks with Shinobu Hindert about her book, Investing is Your Superpower, the relationship between money and women, and much more!Shinobu Hindert is a Certified Financial Planner, money expert, and creator of Empowered Planning, LLC. As a financial advisor, she created personalized financial plans for high-net-worth individuals all across the country, overseeing more than $350 million in client assets.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro03:50 - What made Shinobu want to branch out on her own despite doing so well in the corporate world as a financial advisor?05:51 - What made Shinobu want to write another book about money and what guided her to make it different than the rest ?08:09 - How Shinobu has been seeing the relationship between money and women change over the last few years and how she expects this to continue to evolve into the future.09:44 - Where Shinobu thinks new investors should start with their money journey and build a foundation.16:46 - How a budget allows people to actually live a better, happier lifestyle, rather than feeling constricted.24:43 - How people can pick the right investment strategy for them once they've got their personal finances in order and are ready to start building a house and their investments.33:44 - Where a financial advisor comes in when it comes to all aspects of money (i.e. personal finance, investing, insurance, etc.) and if everyone really needs one. 38:09 - If millennials should prioritize saving and investing over reducing debt, or if they should focus on their debt first.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESShinobu Hindert's book Investing is Your Superpower.Morgan Housel's book The Psychology of Money.Thomas Stanley and William Danko's book The Millionaire Next Door.All of Robert's favorite books.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Learn from the world's best minds - anytime, anywhere, and at your own pace with Masterclass. Get 15% off an annual membership today.Your home might be worth more than you think. Earn extra money today with Airbnb.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite's popular KPI Checklist, designed to give you consistently excellent performance for free.Shape and flex your home loans how you want with Athena. Join the thousands of Aussies taking control of their mortgage today.Be confident that you'll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Enjoy an all-in-one personal finance app that gives you a comprehensive view of all your accounts, investments, transactions, cash flow, net worth, and more, with Monarch Money. Get an extended thirty-day free trial today.Support our free podcast by supporting our sponsors.Connect with Shinobu: Website | Instagram | FacebookConnect with Robert: Website | Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This July 4th we celebrate financial independence by revisiting this interview with Dr. William Danko, author of the best-selling books The Millionaire Next Door: The Surprising Secrets Of America's Wealthy & Richer Than A Millionaire: A Pathway To True Prosperity. In it Bill reveals the best practices for building wealth and growing rich derived from his decades-long research of high-net worth and high-income millionaires. Personal finance gurus like Dave Ramsey and Suze Orman leverage these insights all the time in their work. The Millionaire Next Door is a long-time best selling book, written by two PhD's who spent decades researching the behaviors of thousands of millionaires. Their work reveals that there is indeed a scientifically-derived approach to financial success. So what are the key success factors for building wealth? And how do they apply today? William Danko, the book's surviving co-author, sits down with us to generously shares the key insights from his rigorous research.Here are his top takeaways from his study of those who successfully become millionaires and grew their wealth: 1. They live well below their means. 2. They allocate their time, energy, and money efficiently, in ways conducive to building wealth. 3. They believe that financial independence is more important than displaying high social status. 4. Their parents did not provide economic outpatient care. 5. Their adult children are economically self-sufficient. 6. They are proficient in targeting market opportunities. 7. They chose the right occupation. If you're really serious about building sustainable wealth, get a good financial advisor who understands Bill's research to be your coach. Schedule your free portfolio review with Wealthion's endorsed financial advisors at: https://www.wealthion.com/ Follow Dr. William Danko's work at https://richerthanamillionaire.com/

Steve Adcock retired at age 35 and currently lives off the grid in the desert. Prior to retiring early and achieving financial independence, he worked 14 years in the information technology field. Learn all about early retirement and more.IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro02:28 - How Steve retired at 35 after living a somewhat luxurious lifestyle in his 20's.22:01 - How much Steve and his wife had saved prior to making the leap to early retirement.33:44 - The pros and the cons of early retirement.41:36 - What Steve's thoughts are on the follow your passion versus earn more money debate.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMorgan Housel's book The Psychology of Money.Robert Kiyosaki's book Rich Dad Poor Dad.Thomas Stanley and William Danko's book The Millionaire Next Door.JL Collin's book The Simple Path to Wealth.Related Episode: Listen to MI041: The Simple Path To Wealth w/ JL Collins, or watch the video.Related Episode: Listen to MI120: Bitcoin and Financial Independence w/ Jim Crider, or watch the video.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert and Rebecca's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Let an expert do your taxes from start to finish so you can relax with TurboTax.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Support our free podcast by supporting our sponsors.Connect with Steve: Twitter | Instagram Connect with Clay: Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

En este episodio, César Tánchez junto a Mario López Salguerno, nos comparten algunos de los principales aprendizajes de un clásico de finanzas personales de los autores Thomas J. Stanley y William Danko. Si deseas leer el libro aquí el link: https://amzn.to/3affJGa Recuerda que puedes ser parte de la comunidad de Trascendencia Financiera escribiéndonos un mensaje al WhatsApp +502 5919-0542

There are two ways people get involved in real estate: either they stumble upon it or they purposefully do it. Today's guest, John Errico, somehow experienced both at different points of his real estate adventure.   John got involved in real estate in an almost accidental manner. Tired of paying rent, he and his wife, who was also an attorney, decided to buy a two-family property and ended up house-hacking it. Eight months after this first purchase, they bought their second house, then soon the third one – and the rest is history.   A serial entrepreneur and a Yale and Cornell Law graduate, John left his full-time law practice in 2013 to run venture-backed technology startups in California and New York, including a company in the real estate space. In 2014, he began building a real estate portfolio in the New York City area that eventually spanned out to Union City, New Haven, and now, Atlantic City.    In 2018, John and his partner, Ryan Goldfarb, started Liberty Hudson Capital. Soon, they will be up to 100 doors in Atlantic City. They also recently closed a 48-unit old hotel building in the area, and their plans for it are exciting. Very intentional and very purposeful about everything, now they're part of the narrative of rebuilding the once-doomed Atlantic City.   In this episode, you will hear: How John got into the real estate space  How house-hacking got them to buy other houses The transition from tech stuff to full-time real estate Tips before going into joint ventures Why Ryan doesn't recommend starting a construction company as a real estate investor Why you want to invest in Atlantic City The value of diversifying your portfolios   Subscribe and Review Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.  We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.   Supporting Resources: Website - https://www.libertyhudson.com/  LinkedIn - https://www.linkedin.com/in/john-errico/ Liberty Hudson Solutions - https://www.libertyhudsonsolutions.com/ Bench Properties - https://www.bench-properties.com/ Brick x Brick Podcast - https://www.libertyhudsonsolutions.com/podcast The Case for Atlantic City -https://www.libertyhudsonsolutions.com/podcast/episode/2126fb87/the-case-for-investing-in-atlantic-city-real-estate Jonathan's guest spot on Brick x Brick - https://www.libertyhudsonsolutions.com/podcast/episode/21e0bf0c/formulating-your-real-estate-investing-strategy-withjonathan-greene Bigger Pockets - www.biggerpockets.com Interview with Ryan Goldfarb: https://www.trustgreene.com/podcast/zen/011  Book: The Millionaire Next Door by Thomas Stanley and William Danko ​​https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474    Zen and the Art of Real Estate Investing Resources Website - www.streamlined.properties YouTube - https://www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/Streamlined%20Prop%20eXp Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties/ Email - info@streamlined.properties     Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

IN THIS EPISODE, YOU'LL LEARN: 03:50 - What made Shinobu want to branch out on her own despite doing so well in the corporate world as a financial advisor?05:51 - What made Shinobu want to write another book about money and what guided her to make it different than the rest?08:09 - How Shinobu has been seeing the relationship between money and women change over the last few years and how she expects this to continue to evolve into the future.09:44 - Where Shinobu thinks new investors should start with their money journey and build a foundation.12:46 - How a budget allows people to actually live a better, happier lifestyle, rather than feeling constricted.24:43 - How people can pick the right investment strategy for them once they've got their personal finances in order and are ready to start building a house and their investments.29:44 - Where a financial advisor comes in when it comes to all aspects of money (i.e. personal finance, investing, insurance, etc.) and if everyone really needs one. 38:09 - If millennials should prioritize saving and investing over reducing debt, or if they should focus on their debt first.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESShinobu Hindert's book Investing is Your Superpower.Morgan Housel's book The Psychology of Money.Thomas Stanley and William Danko's book The Millionaire Next Door.All of Robert's favorite books.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert and Rebecca's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One. Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.Join Steadily and BiggerPockets in recognizing and celebrating landlords nationwide by participating in the #AmericasBestLandlord contest. Find out how you can win $10,000 today.Support our free podcast by supporting our sponsors. Connect with Shinobu: Website | Instagram | FacebookConnect with Robert: Website | Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN:01:43 - How the idea of You Need A Budget came to be. 02:50 - If you need to raise capital to start a business.04:31 - What is the Four-Rule Method of budgeting, and why it works?13:30 - How can you roll with the punches when it comes to budgeting?22:11 - What does it mean to age your money?43:46 - Why budgeting is crucial to being a successful investor.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out You Need A Budget.JL Collin's book The Simple Path to Wealth.Thomas Stanley and William Danko's book The Millionaire Next Door.Ramit Sethi's book I Will Teach You To Be Rich.Erin Lowry's book Broke Millennial.All of Robert's favorite books.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Make backing up and accessing your data astonishingly easy with Backblaze. Sign up for a free trial today.Get up to 3% Daily Cash back on everything you buy with Apple Card. Subject to credit approval. Daily cash is available via an Apple Cash card or as a statement credit. See Apple Card customer agreement for terms and conditions. Apple Cash card is issued by Green Dot Bank, Member FDIC. Variable APRs range from 13.24% to 24.24% based on creditworthiness. Rates as of August 1, 2022.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.Reclaim your health and arm your immune system with convenient, daily nutrition. Athletic Greens is going to give you a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One. Buy Raycon's Everyday Earbuds today and enjoy 15% off your order!Support our free podcast by supporting our sponsors. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Millionaire Next Door: The Surprising Secrets of Americas Wealthy by Thomas Stanley and William Danko

IN THIS EPISODE, YOU'LL LEARN:03:06 - Why behavior and mindset are so important when it comes to money.04:42 - What value-based spending is and how it can help with balancing the YOLO and future-thinking mindsets. 06:07 - What “keeping up with the Joneses” means and why you shouldn't do it.10:57 - How to fight back against lifestyle creep.12:53 - How to avoid or get out of the paycheck-to-paycheck cycle.14:16 - What the difference is between bad debt and good debt.14:16 - How to get out of bad debt and leverage good debt.18:37 - If one should use or avoid credit cards and how to appropriately use them.30:08 - What silent killers are in terms of money.36:54 - What the shocking cost of cars is and the myths of car loans.44:25 - How to successfully manage money with one's partner and avoid divorce.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESRobert and Clay's tool for picking stock winners and managing our portfolios: TIP Finance.Aaron Nannini's book Cash Uncomplicated.Thomas Stanley and William Danko's book The Millionaire Next Door.Ramit Sethi's book I Will Teach You To Be Rich.Support our free podcast by supporting our sponsors.Invest in crypto and trade it without tax headaches with AltoIRA.Loansteady is here to find a mortgage that works for you, not the other way around. They are waiving all lender fees for listeners of Millennial Investing. Important terms and conditions apply. Loansteady LLC, All rights reserved, NMLS# 1701910, Equal Housing Lender. For more licensing information, please visit https://www.loansteady.com/licenses-and-legalTell mom how much you love her—and make sure she hears it in crystal-clear audio quality, with Raycon.Protect your family with Fabric Insurance's term life insurance now, in just 10 minutes.Design is already in your hands with Canva. Start designing for free today.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything.Read this episode's transcript and full show notes on our website.Connect with Aaron: Website | Facebook | LinkedIn | Instagram Connect with Robert: Website | Instagram | TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE YOU'LL LEARN:04:49 - Should you invest when the market is a record high?06:46 - How to consider portfolio allocation involving International ETFs.10:22 - The 7 Sins of Investing.17:42 - Should you consider actively managed funds that have performed well in the past?39:47 - Why thinking short-term will make you stay broke.55:32 - Whether or not you should invest your emergency fund.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESRobert and Clay's tool for picking stock winners and managing our portfolios: TIP Finance.Get a FREE audiobook from Audible.Jeremy talks Building Wealth and Retiring Early.Thomas Stanley and William Danko's book The Millionaire Next Door.Ramit Sethi's book I Will Teach You To Be Rich.Support our free podcast by supporting our sponsors.See the all-new 2022 Lexus NX and discover everything it was designed to do for you. Welcome to the next level.Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Take your business online with Wix, the leading website creation platform that's got all the tools you need to create, manage and grow your brand. Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Find Pros & Fair Pricing for Any Home Project for Free with Angi.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Read this episode's transcript and full show notes on our website.Connect with Jeremy: Website | InstagramSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

En este episodio Fernando Viñas nos comparte su camino hacia el #Emprendedurismo, nos da estrategias para tener una #vida #financiera más saludable y también nos habla de los #hábitos que tienen en común las personas #ricas. El libro mencionado en el episodio es "El Millonario de la puerta de al lado" de Thomas Stanley y William Danko. Aquí está su bibliografía completa pero tu librería local te agradecerá mucho si se los compras a ellos :D https://www.amazon.com/millonario-puerta-lado-EXITO-Spanish-ebook/dp/B01E5L1EU4 ... A Fernando lo puedes encontrar en Facebook como Maneja tu Dinero y Conquista tus Metas, en Instagram como @fernando.vinas o en su página web https://www.manejatudineroyconquistatusmetas.com/ Y para comunicarte conmigo puedes hacerlo a través de mensaje privado en Instagram @beasandov, en el grupo de Facebook "La Magia de Atreverse" o por correo electrónico a bea@jaimes.net Y por último, ¿Me harías un favor? ¿Podrías mandarme tus comentarios, sugerencias o ideas de invitados aqui? Este podcast lo hacemos todos, así es que me encantará saber de ti! --- Send in a voice message: https://anchor.fm/bea-sandoval/message Support this podcast: https://anchor.fm/bea-sandoval/support

When it comes to personal finance it is better to make it a way of life as opposed to a one-and-done experience. Why?In order to live your best life, your personal finances must be in alignment with your entire life because of the fact you have essential needs (roof over your head), and nonessential needs (fun money, vacation). Reading is fundamental and because it is, acquiring knowledge is imperative if you are to master your money.Paul discusses five books that assist you in better understanding debt management, investing, and budgeting and they strike a wonderful balance to get you started on your financial journey. May this get you on your path to better understanding your personal finances.The first book is Paul recommend is The Millionaire Next Door by Thomas Stanley and William Danko. I have this book and continue using it as a reference for many decisions I make with my personal finances. The ideas covered in this book are simple but powerful: This book helps you learn to spend less than what you make. Save money every month. If you spend less, your income need will be less and therefore your taxes will be lower. Get this book and you will thank yourself for it later.Dave Ramsey is the author of The Total Money Makeover. The Total Money Makeover" can truly make a difference in the lives of those struggling with debt and credit cards. In this book, Dave says families should start with seven steps, including saving $1,000 in an emergency fund, paying off all debt (except mortgage) using a debt snowball strategy, and saving three to six months of expenses in a fully-funded emergency fund.The next book is titled Raising Financially Fit Kids by Joline Godfrey. I identify with this book because I have two teenage children. It's very important to raise your children to be financially literate especially in today's economy. This book covers the ways financial education can help children achieve their dreams and become more confident, as well as concepts like financial sustainability and charitable givingSmart Women Love Investing is written by Alice Finn. Finn'sThis book provides an overview of the challenges and unique financial circumstances women experience before turning to five steps to successful investing for women. These include investing in stocks for the long run, allocating assets, and rebalancing a portfolio regularly.The next book I recommend is The Bogleheads' Guide to Investing is a great first investing book written by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf.This book was created by followers of John C. Bogle, founder of the Vanguard Group and advocate for the index mutual fund, this book outlines the Bogleheads' style of investing in a way that's clear and easy to understand. This book is a product of a movement away from attempts to time the market and instead toward a slow and steady investment strategy that relies on a few simple principles, including keeping investing expenses low.These personal finance books will serve you well, it represents a small sample of finance books that can make a positive impact on how you think and manage your personal finances. Take some time out to read one and or all of these personal finance books.Tune in to listen to this episode with Paul Lawrence Vann and over 182 episodes at this link  https://bit.ly/3n84XSF 

IN THIS EPISODE, YOU'LL LEARN: 02:28 - How Steve retired at 35 after living a somewhat luxurious lifestyle in his 20's.07:46 - How much Steve and his wife had saved prior to making the leap to early retirement.35:04 - The pros and the cons of early retirement.39:18 - What Steve's thoughts are on the follow your passion versus earn more money debate.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESRobert and Clay's tool for picking stock winners and managing our portfolios: TIP Finance.Morgan Housel's book The Psychology of Money.Robert Kiyosaki's book Rich Dad Poor Dad.Thomas Stanley and William Danko's book The Millionaire Next Door.JL Collin's book The Simple Path to Wealth.Related Episode: MI041: The Simple Path To Wealth w/ JL Collins.Related Episode: MI120: Bitcoin and Financial Independence w/ Jim Crider.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors.See the all-new 2022 Lexus NX and discover everything it was designed to do for you. Welcome to the next level.Get exclusive rewards and comprehensive benefits with Point Card. Membership starts at $99 a year and comes with unlimited cash-back on every purchase! Use promo code INVEST to get 25% off current membership fees when you create an account. Valid until January 31, 2022 only, so sign up now!Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Take your business online with Wix, the leading website creation platform that's got all the tools you need to create, manage and grow your brand. Find Pros & Fair Pricing for Any Home Project for Free with Angi.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Read this episode's transcript and full show notes on our website.Connect with Steve: Twitter | Instagram Connect with Clay: Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Robert Kiyosaki es el Nietzsche de las finanzas personales. El filósofo de la dinamita cambia tu visión del mundo, uno no será ya el mismo después de escuchar al profeta Zaratustra, y ocurre lo mismo leyendo al hawaiano. No verás el dinero de la misma forma terminado el capítulo 2 de Padre rico, padre pobre, un libro peligroso que puede darte la libertad financiera—pero también puede arruinarte. Manel Berga, quien gestiona su cartera de forma distinta, describe las trampas en la carrera del rentista. Kapital Substack: Padre rico, padre pobre. Kapital Temporada 2. K57. Manel Berga. La resaca. Índice: 0.28. Los dos padres de Robert Kiyosaki. 11.16. La diferencia entre un activo y un pasivo. 25.11. ¿Comprar o alquilar? El eficiente mercado inmobiliario. 38.01. El flujo de caja positivo del abuelo rentista. 45.02. El coste de oportunidad de la deuda son las opciones inexploradas. 1.04.30. Utiliza la tabla del 12 en las facturas mensuales. 1.17.55. La mentalidad austera de los ricos de pueblo. 1.29.08. La cartera permanente: acciones, bonos, oro y cash. 1.55.11. Las 10 reglas de Manel en el arte de la inversión. Apuntes: Padre rico, padre pobre. Robert Kiyosaki. El cuadrante del flujo del dinero. Robert Kiyosaki. El toque de Midas. Robert Kiyosaki & Donald Trump. Cashflow 101. Robert Kiyosaki. The millionaire next door. Thomas Stanley & William Danko. El hombre más rico de Babilonia. George Clason. Metas. Brian Tracy. Tao Te Ching. Lao Tzu. La cartera permanente. Harry Browne. Harry Browne y la cartera permanente. Antonio Rico.

IN THIS EPISODE YOU'LL LEARN:04:26 - How to rapidly advance your career.06:00 - How to scale your income.22:19 - The best ways to start an income producing project while in school or working a full-time job.25:34 - The difference between “fake” net worth and real net worth.27:29 - Why it is important to consider materiality when making investment decisions.27:29 - Which real estate investing strategy Scott believes is best for millennials.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.Episode ResourcesGet FREE daily content from Robert on Instagram.Get a FREE audiobook from Audible.Download your free audiobook at Audible.BiggerPockets website.House Hacking 101 article.Scott Trench's book Set for Life.Brandon Turner's book How to Invest in Real Estate.Thomas Stanley and William Danko's book The Millionaire Next Door.Ramit Sethi's book I Will Teach You To Be Rich.All of Robert's favorite books.Support our free podcast by supporting our sponsors.Save with a credit union that helps you build financial confidence with Navy Federal Credit Union.Make it simple to hire and manage remote employees across all 50 states with Justworks.Make your home safe with Simplisafe and get 40% off today. Indoor and outdoor cameras, comprehensive sensors, you name it.First Majestic is offering our listeners an exclusive offer of $15 off per kilogram bar. Hurry because this offer only lasts until the end of December!Learn more about how you can get started investing in some of the best cash flow markets today with Rent to Retirement.Get the most unique goods every month from small businesses and emerging brands with Bespoke Post's Box of Awesome. Get 20% off your first monthly box with the code MI.Read this episode's transcript and full show notes on TIP: theinvestorspodcast.com/millennial-investingConnect with Scott: BiggerPockets | Podcast | LinkedIn | TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

*Based on in-depth interviews with more than 500 American millionaires, plus over a thousand surveys made up of more than 200 questions, The Millionaire Next Door yields some surprising findings. *Even its authors, business academics Thomas Stanley and William Danko, were taken aback to discover that the majority of millionaires weren't holed up in luxurious mansions surrounded by extravagant purchases. *The pair investigated not just your common-or-garden variety of millionaire (who are increasingly common), but ‘decamillionaires', those whose net worth exceeds $10 million. *They identified seven common traits that show up again and again among the super-wealthy. Many live modestly, right next door rather than in Beverly Hills or on Park Avenue, they work hard and they save assiduously. *The conclusion that the authors ultimately draw is that consumption and opulence pale in comparison to the peace of mind that comes from fulfilling work and the discipline of slowly building up a nest egg over time. Theme 1: Finding Millionaires - 0:29 Theme 2: Wealth Defined & Work Habits - 8:42 Like what you hear? Be sure to like & subscribe to support this podcast! Also leave a comment and let us know your thoughts on the episode. You can also get a free weekly email about the Book Insight of the week. Subscribe at memod.com/insights Want quick save-able, share-able bullet points on this book? Check out the Memo: https://memod.com/MrBusiness/millionaires-share-these-key-qualities-do-you-have-them-117 THANK YOU FOR LISTENING TO BOOK INSIGHTS. READY FOR MORE LEARNING? Get unlimited access to our entire collection of Book Insights on over 100 nonfiction bestsellers with a subscription at http://memod.com/insights Full Title: The Millionaire Next Door: The Surprising Secrets of America's Rich Year of Publication: 1996 Book Author: Thomas J Stanley & William S Danko To purchase the complete edition of this book click here: https://smile.amazon.com/dp/B0000547HR/ref=cm_sw_em_r_mt_dp_8W5Y1TVNSWG01C50GEG3 Book Insight Writer: Tom Butler-Bowdon Editor: Tom Butler-Bowdon Producer: Gabe Mara Production Manager: Karin Richey Curator: Tom Butler-Bowden Narrator: Michael Khachanov

The book The Millionaire Next Door by Drs. Thomas Stanley and William Danko demystifies the popular image of millionaires and their spending habits. It also sheds light on how having the title of "doctor" might not leave you as well off as you might think. For those interested in financial independence this book is a must read.  Want to share your wisdom to help everyone get closer to Financial Independence? Message at: thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com  

IN THIS EPISODE, YOU'LL LEARN: 12:57 - The three lifelong habits to form in order to build wealth and stay wealthy 24:43 - A six-step personal finance plan to become a millionaire29:29 - How to minimize or pay off debt 37:18 - Rules for smart investing 01:12:40 - The first thing you should do to get started on your wealth-building journeyAnd much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESGet more FREE content from RobertGet a FREE audiobook from AudibleRead the 9 Key Steps to Effective Personal Financial ManagementCheck out our Investing Starter Packs about business and financeMI078: Avoid These 7 Sins of Investing to Grow True Wealth w/ Jeremy SchneiderThomas Stanley and William Danko's book The Millionaire Next DoorDave Ramsey's book The Total Money MakeoverPrimary Home vs. Investment Property vs. S&P 500Ramit Sethi's book I Will Teach You To Be RichWhat's the difference between an index fund and an ETF?Daniel Crosby's book The Behavioral InvestorScott Trench's book Set for LifeGuy Spier's book The Education of a Value InvestorAll of Robert's favorite booksSupport our free podcast by supporting our sponsorsSave with a credit union that helps you build financial confidence with Navy Federal Credit UnionStart feeling better with a single message with Talkspace. Match with a licensed therapist and get $100 off your first month with the promo code MIAccess conference calls, investor presentations, transcripts and earnings reports as frictionless as possible with QuartrGet your free copy of The Entrust Group's 5 steps to investing in real estate with a SDIRA todayMake it simple to hire and manage remote employees across all 50 states with JustworksFollow other investors, discover companies to believe in, invest with any amount of money with Public.com. You'll even get a free slice of stock when you joinRead this episode's transcript and full show notes on our website.Connect with Jeremy: Website | InstagramConnect with Robert: Website | Twitter | Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IN THIS EPISODE, YOU'LL LEARN: 3:50 - What made Shinobu want to branch out on her own despite doing so well in the corporate world as a financial advisor5:51 - What made Shinobu want to write another book about money and what guided her to make it different from the rest 8:09 - How Shinobu has been seeing the relationship between money and women change over the last few years and how she expects this to continue to evolve into the future9:44 - Where Shinobu thinks new investors should start with their money journey and build a foundation12:46 - How a budget allows people to actually live a better, happier lifestyle, rather than feeling constricted23:23 - How people can pick the right investment strategy for them once they've got their personal finances in order and are ready to start building a house and their investments28:24 - Where a financial advisor comes in when it comes to all aspects of money (i.e. personal finance, investing, insurance, etc.) and if everyone really needs one 32:49 - If millennials should prioritize saving and investing over reducing debt, or if they should focus on their debt firstAnd much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESGet more FREE content from RobertGet a FREE audiobook from AudibleCheck out our Investing Starter Packs about business and financeShinobu Hindert's book Investing is Your SuperpowerMorgan Housel's book The Psychology of MoneyJL Collin's book The Simple Path to WealthThomas Stanley and William Danko's book The Millionaire Next DoorRamit Sethi's book I Will Teach You To Be RichAll of Robert's favorite booksSupport our free podcast by supporting our sponsorsSave with a credit union that helps you build financial confidence with Navy Federal Credit UnionPut your best face forward with Cardon, the award-winning cactus-based skincare for menAutomate your key business processes, and close your books in a fraction of the time with NetsuiteIf you want to learn how to bootstrap or create a magnetic brand, then listen to Secret Leaders wherever you get your podcastsMake it simple to hire and manage remote employees across all 50 states with Justworks.Make documents, ask a lawyer your legal questions, and sign contracts on the go with Rocket Lawyer.Read this episode's transcript and full show notes on our website.Connect with Shinobu: Website | Instagram | FacebookConnect with Robert: Website | Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dr. William Danko, author of the best-selling books The Millionaire Next Door: The Surprising Secrets Of America's Wealthy and Richer Than A Millionaire: A Pathway To True Prosperity, reveals the best practices for building wealth and growing rich derived from his decades-long research of high-net worth and high-income millionaires. Personal finance gurus like Dave Ramsey and Suze Orman leveraging these insights all the time in their work. If you truly want to become and stay wealthy, then listen up. The Millionaire Next Door is a long-time best selling book, written by two PhD's who spent decades researching the behaviors of thousands of millionaires. Their work reveals that there is indeed a scientifically-derived approach to financial success. If you have the commitment and discipline to follow it through, your odds of enjoying financial abundance, as well as true quality of life, are very high. See the YouTube Video for the charts and graphics: https://youtu.be/9OrjmP-wWLU

Dr. William Danko, author of the best-selling books The Millionaire Next Door: The Surprising Secrets Of America's Wealthy and Richer Than A Millionaire: A Pathway To True Prosperity, reveals the best practices for building wealth and growing rich derived from his decades-long research of high-net worth and high-income millionaires. Personal finance gurus like Dave Ramsey and Suze Orman leveraging these insights all the time in their work. If you truly want to become and stay wealthy, then listen up. The Millionaire Next Door is a long-time best selling book, written by two PhD's who spent decades researching the behaviors of thousands of millionaires. Their work reveals that there is indeed a scientifically-derived approach to financial success. If you have the commitment and discipline to follow it through, your odds of enjoying financial abundance, as well as true quality of life, are very high. See the YouTube Video for the charts and graphics: https://youtu.be/9OrjmP-wWLU

IN THIS EPISODE, YOU'LL LEARN: Rachel Podnos O'Leary5:17 - What the key financial differences between millennials and baby boomers are and why those differences are important9:25 - What millennials can do to overcome the economic cards they've been dealt with and achieve financial independence12:31 - What the difference is between wealth and income 18:43 - What a “Personal Financial Audit” is and what Rachel's five-step plan is to achieve true financial freedom26:10 - Advice from a Certified Financial Planner on how to determine how much money you'll need to live your chosen lifestyle after retirement while maintaining financial independence38:07 - Rachel's view on the goal of retirement and why shifting one's mindset about retiring might be a smart decision for millennials who want to achieve financial independence44:28 - What to tell people who are struggling to increase their savings rate45:42 - Rachel's top three tips for how to reduce your spend rate, especially if you don't want to reduce your lifestyle or “miss out” on things in your younger years49:10 - If millennials should prioritize saving and investing over reducing debt, or if they should focus on their debt firstAnd much, much more! Clay Stackhouse 56:18 - What the benefits of credit unions are over banks and what makes them different from one another64:50 - What a field of membership is and why it's needed 01:07:46 - What red flags people should look out for if they are interested in joining a credit union01:10:16 - Who a credit union might not work well for01:11:02 - What is unique about personal finance for military members01:14:36 - What challenges servicemembers face when building savings that civilians don't necessarily deal with01:15:57 - How credit unions can help people get started on the right foot using products such as car loans and credit cards01:18:56 - What considerations about financial planning must be taken into account for servicemembers01:21:04 - Clay's top budgeting tips and how a credit union can be used in conjunction with those tipsAnd much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESGet more FREE content from RobertCheck out our Investing Starter Packs about business and financeRachel Podnos O'Leary's book 21st Century WealthClay Stackhouse's article Strong Financial Fundamentals for Those Just Starting OutThomas Stanley and William Danko's book The Millionaire Next DoorJL Collin's book The Simple Path to WealthGrant Sabatier's book Financial FreedomPatrick O'Shaughnessy's book Millennial MoneyJesse Itzler's book Living with a SEALAll of Robert's favorite booksSupport our free podcast by supporting our sponsorsSave with a credit union that helps you build financial confidence with Navy Federal Credit UnionListen to Secret Sauce and explore the stories and successes behind some of the most inspiring businesses. Available on Apple Podcast, Amazon Music, or you can listen one week early and ad-free by joining Wondery Plus in the Wondery appPut your best face forward with Cardon, the award-winning cactus-based skincare for menAutomate your key business processes, and close your books in a fraction of the time with NetsuiteIf you want to learn how to bootstrap or create a magnetic brand, then listen to Secret Leaders wherever you get your podcastsAccess conference calls, investor presentations, transcripts and earnings reports as frictionless as possible with Quartr.Make it simple to hire and manage remote employees across all 50 states with Justworks.Read this episode's transcript and full show notes on our website.Connect with Rachel: Website | LinkedIn | TwitterConnect with Clay: Website | LinkedIn | TwitterConnect with Robert: Website | Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

“The most important investment you can make is in yourself.” - Warren BuffetLearning from those smarter than you is a key to financial success and these 5 books should help you get one step closer to a better financial future.OutlineThe Psychology of Money by Morgan Housel [03:35]The Millionaire Next Door by Thomas Stanley & William Danko [08:31]I Will Teach You To Be Rich by Ramit Sethi [10:42]Essentialism by Greg McKeown & Effortless[15:13]Soundtracks by Jon Acuff [19:17]Links (some affiliate links)The Psychology of Money bookPsychology of Money ArticleThe Millionaire Next Door bookI Will Teach You To Be Rich bookEssentialism bookEffortless bookSoundtracks bookNext UpNext week we'll look at the book The Millionaire Next Door.Advertising Inquiries: https://redcircle.com/brands

Tener comportamientos de millonario y realmente serlo son dos cosas bien diferentes a la hora de administrar nuestras finanzas personales. Y de esto habla precisamente “El millonario de al lado” un espectacular libro del que hablamos por allá en el episodio 20 de este podcast y que dice que los verdaderos millonarios distan ser de lo que nos han hecho creer Hollywood, la TV y en general los medios de comunicación. Este libro fue escrito por Thomas Stanley y William Danko y publicado por primera vez en 1996, como producto ojo, de una investigación exhaustiva que este par de autores hicieron a más de 500 millonarios norteamericanos y la realización de entrevistas individuales y colectivas a más de 11,000 personas de grandes patrimonios e ingresos altos, con el fin de determinar las características del verdadero millonario norteamericano y como habían llegado a serlo. ¿y que crees? encontraron que los verdaderos millonarios viven muy por debajo de sus posibilidades, es decir, se caracterizan por llevar un estilo de vida de bajo perfil. La gran mayoría vive en barrios normales, visten ropa comprada en tiendas populares, la mayoría de ellos no compran vehículos de lujo, sino se inclinan más por vehículos de fabricación nacional de los cuales en su gran mayoría son usados y los conservan durante 10 años o más. Asimismo se caracterizan por concentrar sus energías en ahorrar e invertir más que en gastar a manos llenas como nos lo han hecho creer, pues para ellos tener independencia económica es más importante que exhibir un status social alto. Bueno, pues el asunto de todo esto es que el marketing y la sociedad de consumo ha construido un prototipo falso de lo que son los millonarios o al menos las personas prósperas, haciéndonos creer que si tenemos ciertos comportamientos o compramos ciertas cosas nos convertiremos en esas personas, construyendo toda una simbología de prosperidad, sólo con el fin de hacernos consumir más. Bueno, pues de estos símbolos falsos es de los cuales quiero hablarte en este podcast, para que seas consciente de los mismos y no caigas en la mentira detrás de toda esta simbología.

Episode ResourcesGet more FREE content from RobertGet a FREE audiobook from AudibleAaron Nannini’s book Cash UncomplicatedThomas Stanley and William Danko’s book The Millionaire Next DoorRamit Sethi’s book I Will Teach You To Be RichErin Lowry’s book Broke MillennialGeorge Clason’s book The Richest Man in BabylonAll of Robert’s favorite booksSave with a credit union that helps you build financial confidence with Navy Federal Credit UnionStop wasting time going to the Post office and go to Stamps.com instead. Get a 4-week trial PLUS free postage and a digital scale when you use the promo code MIStart managing and scaling your rental properties without scaling costs with RentRedi. get RentRedi’s annual plan for only $54 when you use our special code ROBGet access to thousands of titles across different formats and genres: from audiobooks, to popular and exclusive podcasts, to unique Audible Originals like the Words+Music series with AudiblePlus. Visit audible.com/mi or text mi to 500-500Automate your key business processes, and close your books in a fraction of the time with NetsuiteSupport our free podcast by supporting our sponsorsRead this episode’s transcript and full show notes on our website.Connect with Aaron: Website | Facebook | LinkedIn | Instagram Connect with Robert: Website | Instagram

Episode ResourcesGet more FREE content from RobertGet a FREE audiobook from AudibleListen to the Jed’s previous episode MI051: From Pro Athlete to Certified Financial Planner with Jedidiah CollinsJedidiah Collins’ book Your Money VehicleThomas Stanley and William Danko’s book The Millionaire Next DoorRick Ferri’s book The Power of Passive InvestingErin Lowry’s book Broke Millennial Talks MoneyGary John Bishop’s book Do the WorkAll of Robert’s favorite booksDo more than just spellcheck. Say what you really mean with Grammarly Premium. Get 20% off todayFollow other investors, discover companies to believe in, invest with any amount of money with Public.com. You’ll even get a free slice of stock when you joinDo your best thinking with Baronfig's Idea Toolset. Use code TIP20 at checkout to receive 20% offProtect your data and stop paying full-price for streaming services while only getting access to a fraction of their content with ExpressVPNRaise capital for your next real estate deal or join other peer-to-peer lenders online with Fund That FlipSave with a credit union that helps you build financial confidence with Navy Federal Credit UnionSave a lot of time and take advantage of a reliable way to discover and research new stocks, and get stock pick ideas from other successful investors with Stockcard. Upgrade to the VIP plan using promo code "robert" to get a 10% discount after your 14-day free trialSupport our free podcast by supporting our sponsorsRead this episode’s transcript and full show notes on our website.Connect with Jed: Website | LinkedIn | Twitter | InstagramConnect with Robert: Website | Instagram

In this episode I give a book recommendation (We're Talking Millions by Paul Merriman) and also share some findings from the book The Millionaire Next Door by Dr. Thomas Stanley and William Danko. I share the traits of these “silent millionaires” and discuss how we can achieve these same results.

Episode ResourcesFollow & submit questions to Robert via Instagram DMGet a FREE audiobook from AudibleCheck out You Need A BudgetJL Collin’s book The Simple Path to WealthThomas Stanley and William Danko’s book The Millionaire Next DoorRamit Sethi’s book I Will Teach You To Be RichErin Lowry’s book Broke MillennialAutomate your money with M1 Finance. Get $30 when you sign up for free today. Do your best thinking with Baronfig's Idea Toolset. Use code TIP20 at checkout to receive 20% off.Mirror the asset allocation strategy of the world’s most successful institutional investors with EquityMultiple.Grow your wealth with passive investments in farming and agribusiness with Harvest Returns.Create automated investment portfolios of diversified, low-cost index funds with Wealthfront. Get your first $5,000 managed for FREE, for life.Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private online.All of Robert’s favorite booksSupport our free podcast by supporting our sponsorsRead this episode’s transcript and full show notes on TIP.Connect with Jesse Mecham: Website | Instagram

Episode ResourcesFollow & submit questions to Robert via Instagram DMGet a FREE audiobook from AudibleJeremy talks Building Wealth and Retiring Early Thomas Stanley and William Danko’s book The Millionaire Next DoorDave Ramsey’s book The Total Money MakeoverRamit Sethi’s book I Will Teach You To Be RichDaniel Crosby’s book The Behavioral InvestorScott Trench’s book Set for LifeAll of Robert’s favorite booksAutomate your money with M1 Finance. Get $30 when you sign up for free today. Do your best thinking with Baronfig's Idea Toolset. Use code TIP20 at checkout to receive 20% off.Find lucrative Airbnb and traditional rental properties quickly and easily with Mashvisor. Save 15% with promo code INVESTOR.Mirror the asset allocation strategy of the world’s most successful institutional investors with EquityMultiple.Raise capital for your next real estate deal or join other peer-to-peer lenders online with Fund That Flip.Grow your wealth with passive investments in farming and agribusiness with Harvest Returns.Support our free podcast by supporting our sponsors.Read this episode’s transcript and full show notes on our website.Connect with Jeremy Schneider: Website | Instagram

Episode Resources:PRESENTATION VIEWED DURING THE EPISODEFollow & submit questions to Robert via Instagram DMGet a FREE audiobook from AudibleChris Naugle talks the Basics of Infinite BankingChris Naugle on TIP’s Real Estate Investing podcastBauer FinancialAustrian EconomicsNelson Nash’s book Infinite BankingChris Naugle’s book Mapping Out the Millionaire MysteryChris Naugle’s book The Private Money Guide: Real Estate EditionThomas Stanley and William Danko’s book The Millionaire Next DoorAll of Robert’s favorite booksAutomate your money with M1 Finance. Get $30 when you sign up for free today. Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private online.All of the HSA benefits. None of the hassle. Make the most of your health savings account with BendHSA.Grow your wealth with passive investments in farming and agribusiness with Harvest Returns.Read this episode’s transcript and full show notes on TIP: theinvestorspodcast.com/millennial-investingConnect with Chris: Website | LinkedIn | Instagram

As we close out the year, I wanted to highlight the top 5 podcasts of the year this week. I hope these episodes are ones that inspire, motivate and educate you as you plan your strategy for the coming year. Let's work together to truly unleash your potential in 2021. Thanks for listening. George Wright III

As we close out the year, I wanted to highlight the top 5 podcasts of the year this week. I hope these episodes are ones that inspire, motivate and educate you as you plan your strategy for the coming year. Let's work together to truly unleash your potential in 2021. Thanks for listening. George Wright III

Daniel Scriver shares insights on how to develop your career from his experience as a college dropout turned designer turned CEO. — YOU'LL LEARN — 1) How to develop new skills through self-teaching 2) Why Daniel left a dream job at Apple 3) Why you should always seek discomfort Subscribe or visit AwesomeAtYourJob.com/ep628 for clickable versions of the links below. — ABOUT DANIEL — Daniel Scrivner is the CEO of Flow. Previously he was the Head of Design at Digit and Square. He's worked for some of the most respected brands in the world including Apple, Nike, Disney, and Target. Daniel advises world-class teams at companies like LendingHome, Empower, TrustToken, Designer Fund, and Notation Capital. He's an early-stage investor in businesses like Superhuman, MixMax, Notion, Good Eggs, Burrow, Madison Reed, Stance, Almanac Brewing, and many more. And he's been invited to speak at some of the world's most prestigious organizations including Andreessen Horowitz (A16Z), General Assembly, Techstars, Designer Fund, and 500 Startups. • Daniel's website: DanielScrivner.com • Daniel's Twitter: @DanielScrivner • Daniel's LinkedIn: Daniel Scrivner • Daniel's podcast: Outliers with Daniel Scrivner • Daniel's company: GetFlow.com — RESOURCES MENTIONED IN THE SHOW — • Product: Neumann U 87 • Software: Superhuman • Book: Rich Dad Poor Dad (What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!) by Robert Kiyosaki • Book: The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas Stanley, William Danko, Sarah Stanley Fallaw • Book: Principles: Life and Work by Ray Dalio — THANK YOU SPONSORS! — • Find Your Dream Job. Learn Ramit Sethi's pro-tips at IWT.com/podcastDJ• United Harvest. Get superior meats at unitedharvest.com. Promo code: AWESOME• Blinkist. Learn more, faster with book summaries you can read or listen to in 15 minutes at blinkist.com/awesomeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Self imposed economic scarcity is the ability to divorce yourself from the beckoning call of society to consume for happiness.  In today's Better Wealth Episode, I had both the privilege and honor of interviewing Dr. William Danko who is a former emeritus professor of the School of Business and co-author of The Millionaire Nextdoor selling more than 4 million copies. Bill discusses his story of growing up after his father's death, his mom’s strength as a single parent, the care of a quadriplegic brother, and how all that led to a passion for frugality and legacy. Listen as we talk about strategies in his book such as “Paws and the Uaws”, Self Imposed Economic Scarcity, Scarcity vs. Abundance, Budgeting, and Economic Outpatient Care. We also review his new book Richer Than a Millionaire, discussing his construct of the “Subjective Well Being Scale”, Satisfied vs Unsatisfied, Passion, Taxes, Frugality, Avoiding Debt, Being Humble, Being Charitable, Having a Good Marriage, Having Good Health, Stewardship, and why millionaires that are happier are those that give more of their time and money to charity. Dr. Danko’s first book was what inspired me to begin my job at the bank and his second book is just as inspirational. It has been an honor to glean wisdom from this incredible interview with Bill. Be sure to pick up a copy of his new book https://richerthanamillionaire.com/ (Richer Than A Millionaire).  #BETTERWEALTH For more information on BetterWealth or the content you hear on the Podcast visit us at http://www.betterwealth.com/podcast (www.betterwealth.com/podcast). Guest Bio:  After 31 years on the marketing faculty - nine as chair - Bill Danko achieved emeritus status in 2007 at the https://www.albany.edu/business/ (School of Business), State University of New York at Albany. During his tenure, he studied consumer behavior, and in particular the topic of wealth formation. He is the coauthor of The Millionaire Next Door, a research-based book about wealth in America that has been ranked as a bestseller by The New York Times for more than three years. More recently, he co-authored Richer Than A Millionaire ~ A Pathway To True Prosperity, a book that shows how to build wealth with a greater purpose in mind. His academic publications have appeared in the http://www.ejcr.org/ (Journal of Consumer Research), https://www.journals.elsevier.com/journal-of-business-research/ (Journal of Business Research), http://www.journalofadvertisingresearch.com/ (Journal of Advertising Research), and other leading journals. He has presented his research findings in nearly every State, as well in Australia, Canada, Germany, Poland, Switzerland, and Taiwan. Dr. Danko earned his Ph.D. at http://www.rpi.edu/ (Rensselaer Polytechnic Institute)’s (RPI) http://lallyschool.rpi.edu/ (Lally School of Management) in 1983. He resides in upstate New York with his wife, and is the father of three adult children, and the grandfather of five. Guest Links:  https://richerthanamillionaire.com/ (RicherThanAMillionaire.com) https://www.albany.edu/news/94372.php (The Frugal Life of a Millionaire )

Episode ResourcesGet a FREE audiobook from AudibleChris Naugle on TIP’s Real Estate Investing podcastBauer FinancialAustrian EconomicsNelson Nash’s book Infinite BankingChris Naugle’s book Mapping Out the Millionaire MysteryChris Naugle’s book The Private Money Guide: Real Estate EditionThomas Stanley and William Danko’s book The Millionaire Next DoorAll of Robert’s favorite booksSolve your long list of must-reads once and for all with Blinkist.Capital One. This is Banking Reimagined. What’s in your wallet?Get the most competitive rate if you’re looking to get a mortgage or refinance in Canada with Breezeful. Plus, get a $100 Amazon.ca gift card at your closing.Support our free podcast by supporting our sponsors.Answer our listener survey for the Millennial Investing podcast.Get daily content from Robert on Instagram @therobertleonardBrowse through all our episodes (complete with transcripts) here.

It is time to take a sneak peek into how millionaires live their lives and learn the secrets of amassing and keeping great wealth.The Millionaire Next Door by Thomas Stanley & William Danko explains highlights the definitive characteristics of millionaires, debunks certain myths and shares insights on how individuals can achieve their dream of becoming a millionaire. The secret sauce to becoming a millionaire1. Contrary to popular belief, millionaires do not drive flashy cars, wear expensive watches, and spend excessive amount of money on consumption. Instead, they tend to live modestly, even frugally, and are highly disciplined about their consumption.2. Great wealth can be accumulated only when individuals have a robust plan in place. This starts with budgeting and then moves on to saving and investing. Millionaires tend to spend their money responsibly and invest efficiently.3. Without efficiency, it would be a lot harder to accumulate any wealth. People who understand how to plan their wealth have the ability to set aside money for investments etc. A great goal to have is to have a minimum of 15% of your income available for investments. This can be the key to future wealth generation.  4. Wealthy parents must take the time to consider how they raise their children. Instead of just giving them money to spend, millionaire parents should encourage their children to become responsible with money.5. There is always going to be a difference between those who work hard for their wealth and those who are born with it.The Millionaire Next Door by Thomas Stanley & William Danko succinctly describes the lives of millionaires. We hope you enjoyed this podcast and will tune in to listen to more such podcasts on investing nuggets. 

In episode 57 Charles (Twitter: @ToddBillion) and Raphael (Twitter: @WorkMoneyLife) discuss living in abundance, the importance of taking imperfect action, our investment in a Houston real estate crowdfund, making a fortune for your family, producing more than consuming, finding gems in unexpected places and more! Books mentioned in the show: "The Millionaire Fastlane" by MJ Demarco, "Everyday Millionaires" by Chris Hogan, "The Color of Law" by Richard Rothstein, "The New Jim Crow" by Michelle Alexander, "Businessman First" by Maurice W. Dorsey, "The Millionaire Next Door" by Thomas Stanley & William Danko, "The 10X Rule" by Grant Cardone, "Secrets of the Millionaire Mind" by T. Harv Eker Check out the Options Trading Workshop from Todd Capital that everyone's talking about at https://gumroad.com/a/386774131/bOUnl Also, check out the new course from Todd Capital, "How to Build a Six Figure Digital Business" Pick up the brand-new ebook from the creators of Tweet Talk, "Don't Be A Little B*!" ebook on pre-order now at https://gumroad.com/l/DontBeBook Pick up the carryall duffle bag from the brand new luggage brand, Views, launched by Tweet Talk co-host Charles. Follow us on social media: Twitter- Charles @ToddBillion Raphael @WorkMoneyLife Instagram: Podcast- @TweetTalkPodcast Charles- @ToddBillion @Todd.Capital @BlessABlackMan Views Luggage brand Learn how to make money trading stock options, invest in real estate long distance, and more from Todd Capital! This show's sponsors: Get the popular "You Can't Fire Me." -The Boss from InvestAsATeam.com, get a deal on a 3 t-shirt pack here. Upgrade your entire outfit with unique shoelaces from Get Laced Laces, see the entire collection at GetLacedLaces.com. --- Send in a voice message: https://anchor.fm/tweettalk/message Support this podcast: https://anchor.fm/tweettalk/support

Episode ResourcesGet a FREE audiobook from AudibleThomas Stanley and William Danko’s book The Millionaire Next DoorDave Ramsey’s book The Total Money MakeoverPrimary Home vs. Investment Property vs. S&P 500Ramit Sethi’s book I Will Teach You To Be RichWhat’s the difference between an index fund and an ETF?Daniel Crosby’s book The Behavioral InvestorScott Trench’s book Set for LifeGuy Spier’s book The Education of a Value InvestorAll of Robert’s favorite booksCapital One. This is Banking Reimagined. What’s in your wallet?Get a free book on how to get ahead without college from Praxis.Protect your online activity TODAY with ExpressVPN, the VPN rated #1 by CNET and Wired.Get daily content from Robert on Instagram @therobertleonardRead this episode’s transcript and full show notes on TIP: theinvestorspodcast.com/millennial-investing

Jacob Wolinsky worked in investing and financial journalism before founding ValueWalk, a site that curates information about investing, hedge funds, asset management, and the broader world of finance. We explore Jacob’s journey as an investor and an entrepreneur. This episode was a real treat for me because our guest was (and continues to be) instrumental to my growth as a value investor. Jacob gave us a ton of awesome reading material, and I can’t wait to dive into it. Links from the Show ValueWalk www.valuewalk.com ValueWalk Premium www.valuewalkpremium.com Hidden Value Stocks www.hiddenvaluestocks.com Jacob’s Reading List www.strategychainpodcast.com/support Time Stamps 0:06:34 – Jacob’s first experience as an investor: right for the wrong reason! 0:08:38 – A revelation: Benjamin Graham’s book The Intelligent Investor 0:14:49 – Greater Fool Theory: Beanie Babies and Trading Tulips 0:18:12 – Cigar Butts: Classic value investing 0:21:40 – The role of psychology in investing 0:24:15 – Jacob’s professional path into investing 0:32:01 – How Jacob got started writing for GuruFocus 0:40:40 – Circle of competence & the danger of overstepping like Long-Term Capital Management 0:44:22 – Patience: David Einhorn’s Fooling Some of the People All of the Time and Christine Richard’s Confidence Game (About Bill Ackman) 0:46:36 – Joel Greenblatt: positions took 2-3 years before they worked (on average) 0:47:43 – The advantages of being a small investor 0:50:04 – Taking the jump: focusing on ValueWalk full time 1:17:49 – HiddenValueStocks.com background 1:22:11 – Thoughts on conducting valuation after having run a real business 1:31:35 – Investing is extremely dependent on the individual’s personality 1:35:03 – Jacob’s favorite investing books: John Neff’s books (particularly John Neff on Investing), David Dreman’s books (particularly Contrarian Investing Strategies), Christopher Browne’s The Little Book of Value Investing, James Montier’s The Little Book of Behavioral Investing, The Millionaire Next Door by Thomas Stanley and William Danko, John Bogle’s books, Bruce Greenwald’s Value Investing from Graham to Buffett and Beyond, John Train’s Money Masters of Our Time, Joel Greenblatt’s You Can Be a Stock Market Genius, Ben Graham and David Dodd’s The Intelligent Investor, Andrew Tobias’ The Only Investment Guide You’ll Ever Need, William J. Bernstein’s The Four Pillars of Investing. Strategy Chain Links Rate and review the podcast at https://podcasts.apple.com/us/podcast/strategy-chain/id1492935567 Find Amazon affiliate links at http://strategychainpodcast.com/support Send me questions at http://strategychainpodcast.com/contact Sign up for the email list at http://strategychainpodcast.com/ Social Media @strategychain (Facebook, Twitter, Instagram, Medium)

Episode ResourcesDownload your free audiobook from AudibleThomas Stanley and William Danko’s book The Millionaire Next DoorHow Is The Coronavirus Affecting Mobile Home Investing?Mobile Home Issues and Deal Breakers Brandon Turner’s book How to Invest In Real EstateMark Ferguson’s book The Book on Negotiating Real EstateMichael Blank’s book Financial Freedom with Real Estate InvestingAll of Robert’s favorite booksDiscover CMC Markets, the ultimate platform for online trading on mobile and desktop.Capital One. This is Banking Reimagined.Get daily content from Robert on Instagram @therobertleonardRead this episode’s transcript and full show notes on TIP: theinvestorspodcast.com/real-estate-investing/

Episode ResourcesDownload your free audiobook from AudibleDave Van Horn’s book Real Estate Note InvestingGary Keller’s book The Millionaire Real Estate InvestorCraig Curelop’s book The House Hacking StrategyThomas Stanley and William Danko’s book The Millionaire Next DoorAll of Robert’s favorite booksDiscover CMC Markets, the ultimate platform for online trading on mobile and desktop.Capital One. This is Banking Reimagined.Connect with Robert on Instagram @therobertleonardRead this episode's transcript and full show notes on TIP: theinvestorspodcast.com/real-estate-investing/

Episode ResourcesSUBSCRIBE to the NEW Real Estate Investing PodcastGet a FREE audiobook from AudibleThomas Stanley and William Danko’s book The Millionaire Next DoorRamit Sethi’s book I Will Teach You To Be RichGeorge Clason’s book The Richest Man in BabylonAll of Robert’s favorite booksDiscover CMC Markets, the ultimate platform for online trading on mobile and desktop.Capital One. This is Banking Reimagined.Earn unlimited 1% cash back with Radius Bank.Get daily content from Robert on Instagram @therobertleonardRead this episode's transcript and full show notes on TIP: theinvestorspodcast.com/millennial-investing

Episode ResourcesDownload your free audiobook from AudibleCraig Curelop’s book The House Hacking StrategyMichael Blank’s book Financial Freedom with Real Estate InvestingBen Leybovich’s book House HackingThomas Stanley and William Danko’s book The Millionaire Next DoorAll of Robert’s favorite booksDiscover CMC Markets, the ultimate platform for online trading on mobile and desktop.Capital One. This is Banking Reimagined.Connect with Robert on Instagram @therobertleonardRead this episode's transcript and full show notes here: theinvestorspodcast.com/real-estate-investing/

Episode ResourcesSUBSCRIBE to the NEW Real Estate Investing PodcastGet a FREE audiobook from AudibleThomas Stanley and William Danko’s book The Millionaire Next DoorRamit Sethi’s book I Will Teach You To Be RichGeorge Clason’s book The Richest Man in BabylonMohnish Pabrai’s book The Dhandho InvestorThree Major Credit Reporting AgenciesCredit score tracking with Credit KarmaLuckin Coffee’s Financials on MorningstarVanguard Real Estate ETF VNQAll of Robert’s favorite booksDiscover CMC Markets, the ultimate platform for online trading on mobile and desktop.Capital One. This is Banking Reimagined.Earn unlimited 1% cash back with Radius Bank.Get daily content from Robert on Instagram @therobertleonardRead the full transcript and show notes of this episode on TIP: theinvestorspodcast.com/millennial-investing

What's up podcast listeners? Today on the show I am reading from and discussing the book, The Millionaire Next Door.The Millionaire Next Door was written by Dr. Thomas Stanley and Dr. William Danko. They spent their careers studying and analyzing the habits of the affluent. And what they found surprised them. The millionaires they met mostly drank two kinds of beer—free and Budweiser (at least that's what Mr. Bud drank). The point is, they weren't TV millionaires. They were everyday hard-working Americans who spent less than they made, saved as much as they could, and built wealth in the process. And the good news is, anybody can do it—even firefighters :). Enjoy!

Episode ResourcesSUBSCRIBE to the NEW Real Estate Investing PodcastMillennial Investing Facebook groupGet a FREE audiobook from AudibleThomas Stanley and William Danko’s book The Millionaire Next DoorRamit Sethi’s book I Will Teach You To Be RichJohn Bogle’s book The Little Book of Common Sense InvestingGuy Spier’s book The Education of a Value InvestorGary Keller’s book The Millionaire Real Estate InvestorVanguard S&P 500 ETF – Ticker: VOOVanguard Information Technology ETF – Ticker: VGTTwo-part series about Bitcoin with Preston PyshAll of Robert’s favorite booksCapital One. This is Banking Reimagined.Find the best version of yourself with Goodlife Clothing.Get daily content from Robert on Instagram @robertattipFull show notes: theinvestorspodcast.com/millennial-investing

Episode ResourcesDownload your free audiobook from AudibleJoe Fairless’ book Best Ever Apartment SyndicationGary Keller’s book The Millionaire Real Estate InvestorThomas Stanley and William Danko’s book The Millionaire Next DoorMichael Blank’s book Financial Freedom with Real Estate InvestingAll of Robert’s favorite booksCapital One. This is Banking Reimagined.Affordable, private online counseling. Anytime, anywhere with Betterhelp.Find the best version of yourself with Goodlife Clothing.Connect with Robert on Instagram @robertattipFull show notes: theinvestorspodcast.com/real-estate-investing/

Building a real estate empire while working full time will set your family up for security and financial freedom. Mike Strodtman talks about how he built up his real estate portfolio in rural Minnesota over ten years while working at his day job. Mike Strodtman is a 10-year veteran in real estate investing. His portfolio includes single family to 4-plexes. He balances investing while having a day job. 3 Pillars 1. Family 2. Having both passive and active real estate income 3. Having the hunger and drive for knowledge and to keep moving Books: Tax Free Wealth by Tom Wheelwright, The Millionaire Next Door by Thomas Stanley and William Danko, and Wheelbarrow Profits by Jake Stenziano and Gino Barbaro You can connect with Mike at mstrodtman@hotmail.com Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Sign up for the April 24-25, 2020 Northstar Real Estate Conference at www.nreconference.com and use the coupon EARLYBIRD for $100 off. Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

Većina knjiga fokusira se samo na jednu stranu jednadžbe bogatstva: trošiti manje ili zarađivati ​​više. Mnogi ljudi koji zarađuju visoke prihode nisu bogati, upozoravaju autori. Većina ljudi s visokim primanjima ne uspijeva nagomilati trajno bogatstvo. Žive hiperkonzumerski životni stil, trošeći svoj novac jednako brzo koliko ga i zarađuju. Da bi se nakupilo bogatstvo, da bi se obogatio, čovjek mora ne samo zarađivati (igrati "ofenzivu", prema Stanleyu i Danku), već i razvijati štedljive navike (igrati "dobru obranu"). Sve lektire Surovih Strasti nalaze se OVDJE. Pišite feedback, Saša PREPORUKE ZA LAKŠE I UGODNIJE SLUŠANJE PODCASTA Tri načina kako slušati podcastKako slušati podcast u autu koji nema Mp3 playerTop lista najslušanijih epizoda

Grab a Pen and Paper and get ready for some VALUE BOMBS!! I am joined today by New York Times Best-Selling Author William D. Danko, Ph.D.  Not only is he one of the leading experts on what it takes to be a millionaire, but his book The Millionaire Next Door has sold over 4 Million copies and was listed over 3 years in a row as a Best Seller... Today we are going to discuss several items: -The Millionaire Next Door Best Seller -The Brand New Richer Than a Millionaire Book -The 3 Direct Factors that lead to Increased Happiness  You do not want to miss one second of this podcast. Dr Danko has worked with thousands and thousands to discover the Secrets, Habits and Character Traits of a Millionaire.  And More importantly, he will share today the Secrets to Achieve BOTH HAPPINESS AND WEALTH. I hope you enjoy this episode and would appreciate you sharing this episode with a friend. Have a great week. George Wright III **Please comment, subscribe, rate and review... Then screenshot and tag @thedailymastermind on Instagram Stories to win prizes!   JOIN THE MASTERMIND COMMUNITY - Download The Daily Mastermind App  iTunes:  https://itunes.apple.com/ca/app/daily-mastermind/id1405808860?mt=8  Google:  https://play.google.com/store/apps/details?id=com.app_imlmastermind.layout - Get a Prosperity Pillars Poster:   http://prosperitypillars.com/ - Connect With George Wright III:   http://g3worldwide.com/ Thanks for listening.

Grab a Pen and Paper and get ready for some VALUE BOMBS!! I am joined today by New York Times Best-Selling Author William D. Danko, Ph.D.  Not only is he one of the leading experts on what it takes to be a millionaire, but his book The Millionaire Next Door has sold over 4 Million copies and was listed over 3 years in a row as a Best Seller... Today we are going to discuss several items: -The Millionaire Next Door Best Seller -The Brand New Richer Than a Millionaire Book -The 3 Direct Factors that lead to Increased Happiness  You do not want to miss one second of this podcast. Dr Danko has worked with thousands and thousands to discover the Secrets, Habits and Character Traits of a Millionaire.  And More importantly, he will share today the Secrets to Achieve BOTH HAPPINESS AND WEALTH. I hope you enjoy this episode and would appreciate you sharing this episode with a friend. Have a great week. George Wright III **Please comment, subscribe, rate and review... Then screenshot and tag @thedailymastermind on Instagram Stories to win prizes!   JOIN THE MASTERMIND COMMUNITY - Download The Daily Mastermind App  iTunes:  https://itunes.apple.com/ca/app/daily-mastermind/id1405808860?mt=8  Google:  https://play.google.com/store/apps/details?id=com.app_imlmastermind.layout - Get a Prosperity Pillars Poster:   http://prosperitypillars.com/ - Connect With George Wright III:   http://g3worldwide.com/ Thanks for listening.

Finance is a foundation for the rest of our lives. It makes everything else easier or harder. “The Millionaire Next Door - The Surprising Secrets of America’s Wealthy” by Thomas Stanley and William Danko empowers us with the principles and the mindset shift necessary to become financially independent. Anonymous Feedback: bit.ly/MagnaVitaFeedback

On today’s show, I talk with Scott Trench. Scott is currently the CEO of BiggerPockets.com, Co-Host of the BiggerPockets Money podcast, a bestselling author, and a real estate investor. His story is not only entertaining and educational, but it is also inspiring. As a millennial himself, Scott has reached various admirable levels of success and he looks to help others do the same.IN THIS EPISODE YOU'LL LEARN:How to rapidly advance your careerHow to scale your incomeThe difference between “fake” net worth and real net worthThe best ways to start an income producing project while in school or working a full-time jobWhy it is important to consider materiality when making investment decisionsWhich real estate investing strategy Scott believes is best for millennialsAnd much, much more!Download this episode and subscribe using your favorite podcast app! Join the conversation with the rest of the Millennial Investing community by joining the Facebook group or tweeting directly to Robert! HELP US OUT!Help us reach new listeners by leaving us a rating and review! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!BOOKS AND RESOURCESDownload your free audiobook at AudibleBiggerPockets websiteHouse Hacking 101 articleScott Trench’s book Set for LifeBrandon Turner’s book How to Invest in Real EstateThomas Stanley and William Danko’s book The Millionaire Next DoorRamit Sethi’s book I Will Teach You To Be RichGET IN TOUCH WITH OUR GUESTTalk to Scott Trench on TwitterConnect with Scott Trench on LinkedInSubscribe to Scott Trench’s PodcastVisit BiggerPockets’ WebsiteGET IN TOUCH WITH ROBERTRobert Leonard’s Twitter AccountRobert Leonard’s LinkedIn AccountRobert Leonard’s Facebook AccountEmail: Robert@TheInvestorsPodcast.com

#190: More than 20 years ago, affluence researchers Dr. Thomas Stanley and Dr. William Danko surveyed a vast number of millionaire households in the United States. What they discovered was groundbreaking at the time. The average U.S. millionaire, they found, lives a frugal lifestyle. They are disproportionately clustered in modest, middle-class neighborhoods. They drive used cars. They don’t spend money on jewelry, watches, boats or other high-ticket items. They’re self-made, meaning they did not inherit their wealth; they’re first-generation millionaires. In 1996, the researchers published their findings in a book called The Millionaire Next Door: The Surprising Secrets of America’s Wealthy. The book became a mega-bestseller and, to this day, remains a top personal finance classic. Fast-forward to 2012. Dr. Thomas Stanley’s daughter, Sarah, followed in her father’s footsteps. She’s grown up to become a researcher, earning a Ph.D. in applied psychology and exploring the world of behavioral finance. She became the Director of Research for the Affluent Market Institute, the research company her father founded, and she launched her own research firm, DataPoints. In 2012, Dr. Sarah Stanley Fallaw and Dr. Thomas Stanley decided to update their research on millionaire households in anticipation of the 20th anniversary of the publication of The Millionaire Next Door. They wanted to see what attributes are different, 20 years later, and what qualities remain the same. They crafted another large-scale survey of millionaires. Yet before they could complete the project, tragedy intervened. In 2015, Dr. Thomas Stanley was killed in a car accident. He was hit by a drunk driver. His daughter resolved to finish the research that the two of them started together. She sent out the survey they created, gathered and analyzed the results, and published a sequel, The Next Millionaire Next Door, co-authored with her late father. The book is Dr. Thomas Stanley’s final, posthumously-published book. The book was released in October 2018, twenty-two years after the original. On today’s podcast episode, Dr. Sarah Stanley Fallaw joins us to describe what’s different about millionaires, more than two decades later … … and what’s remained the same. For more information, visit the show notes at https://affordanything.com/episode190

After 31 years on the marketing faculty – nine as chair – Bill Danko achieved emeritus status in 2007 at the School of Business, State University of New York at Albany. During his tenure, he studied consumer behavior, and in particular the topic of wealth formation. He is the co-author of The Millionaire Next Door, a research-based book about wealth in America that has been ranked as a bestseller by The New York Times for more than three years. His academic publications have appeared in the Journal of Consumer Research, Journal of Business Research, Journal of Advertising Research, and other leading journals. Dr. Danko earned his Ph.D. at Rensselaer Polytechnic Institute's (RPI) Lally School of Management and Technology in 1983. “In recognition of conspicuous attainments and service in collegiate activities,” Professor Danko was inducted into the Omicron Delta Kappa society in 2005. He resides in upstate New York with his wife, and is the father of three adult children, none of whom ask him for money. Bill's latest book, "Richer Than A Millionaire, A Pathway to True Prosperity" was co-written with Richard J. Van Ness. To find out more about Bill please visit https://www.albany.edu/~danko/.

¿Te preocupa la educación financiera de tus hijos? ¿Dudas que administrarán sabiamente lo que les heredes? ¿Te gustaría aprender a enseñarles cómo administrar sabiamente su dinero? Si es así, ¡bienvenido a este episodio! Hay un refrán que dice: “Padre Empresario, hijo millonario y nieto miserable” Este refran ilustra la pérdida de una fortuna a través de las generaciones. Esto es lo que tristemente pasa en el 70% de los casos, cuando no les enseñamos educación financiera a nuestros hijos. El deseo como padres de darle a nuestros hijos todo lo que nosotros no tuvimos y facilitarles la vida sin medida, puede ser la peor forma de educarlos financieramente hablando, haciéndolos “analfabetas” financieros de por vida. En el libro “El millonario de al lado” de Thomas Stanley y William Danko encontramos esta realidad. aquí aprendemos que muchas fortunas en los Estados Unidos se perdieron con el paso de los años porque una generación de padres millonarios no le enseñaron a sus hijos a como administrar el dinero ni mucho como continuar generando riqueza, debido a ese deseo de darles todo cuanto ellos no tuvieron. Al contrario, esto les enseñó a llevar un alto nivel de vida y por supuesto de consumo. Como no queremos que eso pase con nuestros hijos y por supuesto con nuestro patrimonio, quiero presentarte una serie de consejos basados en expertos en Finanzas personales como Dave Ramsey y su hija Rachel Cruze, quienes escribieron el libro “Smart Money, Smart Kids”, de Thomas Stanley y William Danko quienes escribieron “El millonario de al lado”, del Dr. Andrés Panasiuk y mi experiencia personal al respecto. Como padres podemos aprender a dar esa necesaria educación financiera a nuestros hijos desde una edad temprana hasta su adultez, desarrollando en ellos los conocimientos y las habilidades para manejar sabiamente sus finanzas en el futuro y ser buenos administradores de nuestros recursos cuando ya no estemos. Si quieres conocer los consejos que estos expertos y yo queremos darte, acompáñame en este episodio. Si quieres saber más, visita: http://www.consejofinanciero.com/finanzas-para-ninos-y-jovenes-consejos-practicos/

This episode is with Paul Petersen. Paul was one of the early members of PSIA, the Professional Ski Instructors of America and currently operates the Bear Valley Cross Country and Adventure Company with his wife Dianne. If you ever find yourself on highway 4 near ebbetts pass be sure and stop in. Facebook Twitter   Instagram The Outdoor Biz Podcast   Please give us a rating and review HERE   Show Notes This episode is with Paul Petersen. Paul was one of the early members of PSIA, the Professional Ski Instructors of America and currently operates the Bear Valley Cross Country and Adventure Company with his wife Dianne. If you ever find yourself on highway 4 near ebbetts pass be sure and stop in. First Exposure to the Outdoors My folks were from Scandinavia, my dad was from the North mother was from Denmark. They were both skiers so we would go ski when I was about three years old. That's probably my first exposure to getting outdoors and playing in the mountains. As time marched on they had me in Cub Scouts and Boy Scouts. Our Boy Scout troop was very active, we did 80 mile canoe trips and 60 mile backpack trips. That led to interest in rock climbing and things of that nature and and then I also sort of fell into cycling and as I became young man my parents supported me in that so I was well rounded. Things we talked about PSIA Fisher Rossingnol Bear Valley XC Ski and Adventure Company Columbia College Climate Change Advice, tips The outdoor industry has all sorts of different career pathways. I've had my ski school director here who went on to run Ski Areas and he took on Rossignol and was the CEO and president then he went back to k2. Wherever you start whether it's working in a ski shop or repping for a company there are definitely opportunities that come up. Another buddy of mine Casey Sheehan, we did all sorts of cross-country skiing together and he's run a couple of small companies like Kelty and Patagonia. Now he's run a small brand up there called Keen. He also launched all conditions gear and he's just regular guy with door interests like us. But you stay smart about it and play your opportunities and don't be afraid to move around a little bit. There's some pretty good careers that come out of this industry and a lot of different ways to play it. You've got cycling and bike shops, you've got ski shops at resorts, you've got city shops. My brother worked for REI. All these well managed companies will bring you up and train you and put you kind of wherever you want to be. Just jump in and follow your passions. Other Outdoor Activities Cycling, paddling, snorkeling , surfing Favorite Books The Emerald Mile by Kevin Fedarko (audio book) Let my people go surfing by Yvon Chouinard (audio book) Fatu Hiva by Thor Hyerdahl The Millionaire Next Door by Thomas Stanley and William Danko (audio book) Best Gear Purchase under $100 Lucie Lanterns Bike lights Connect with Paul Bear Valley Cross Country http://www.bearvalleyxc.com/

El Millonario de al lado, el best seller de Thomas Stanley y William Danko en el que analizan las entrevistas realizadas a 1.000 millonarios. Personas que parecen comunes pero que con trabajos modestos han logrado millones de dólares. Qué es ser millonario. Cómo piensan. En qué gastan su dinero. Cómo usan su tiempo. Cuál es el mito de Hollywood que crea quiebras. ► Da el siguiente paso hacia tu Paz Financiera eligiendo el programa perfecto para ti. Para más información, haz clic aquí

When we think of millionaires, we typically think of those we see on TV or instafamous driving nice cars, Hollywood Hill mansions, flashing wads of cash and blowing their money on parties. Last week we talked about the book about Billionaires, I know that most of us will not be able to achieve that. So I wanted to do a book about millionaires, how that can be realistically achieved. What we may not realize is that many of today's millionaires living below their means, save and budget their income and spend wisely. They main concept of The Millionaire Next Door book is that our societies concept of a millionaire is based on false assumptions and that most actual millionaires live a very simple lifestyle. Most of us, when we expect to get a tax refund, get a nice commission or bonus check, we are already planning what to do with it before we even receive it. The authors suggest, sticking to some basic money habits and we too can be on our way to becoming a millionaire. The authors Thomas and William were obsessed with studying the wealthy, or as they call them “affluent”. And what they found was 7 key traits of most of the millionaires they studied. Allow me to leave you with my final thoughts. We need to realize that our dream of accumulating wealth is not a pipe dream reserved for a few, like most of us may think. 80% of the millionaire households are ordinary people who have accumulated their wealth over one generation. The lessons in this book are quite straight forward but a great reminder to us all. We need to manage your finances responsibly, save more and spend less and not take on too much debt that we cannot afford. And being consistent about making smart investments as early as possible to take advantage of compound interest. We all need to find our own balance between denying our selves of what we need an want and over consumption take control of our finances today.

Ah, retirement. The golden years. Time to kick back and enjoy a little well-earned rest and relaxation. Not so fast. For many older Americans, their later years are filled with financial worry. And much of it is self-inflicted. Here are four key mistakes retirees make that can leave them living on financially shaky ground Investing Too Conservatively I still remember my high school golf coach stressing the importance of hitting through the ball instead of to the ball. Something similar can be said about investing in retirement. It would be a mistake to think of your retirement date as something you invest to, after which you shift dramatically into an ultra-conservative investing mode. Play it too safe with your nest egg and inflation will wreak havoc on your hard-saved money. With the odds increasingly stacked for living a long life, it's important to continue investing in a way that you're likely to at least outpace increases in the cost of living. That usually means maintaining some level of exposure to stocks. One way financial advisers suggest minimizing the fear of stock market investing in your later years is to develop a healthy cash savings account before retirement — a very healthy savings account. More specifically, they recommend having one-to-two years' worth of living expenses in savings. During times of market decline, the idea is to withdraw from that savings account for living expenses instead of drawing on your investment account, thereby giving your investment account time to recover. Investing Too Aggressively Of course, the opposite is true, as well. You don't want to hit retirement, realize you don't have enough in your IRA or 401K, and try to make up for lost time by investing like you're a 20-year-old with plenty of time to ride out the markets ups and downs. The time-tested principles of asset allocation still apply. Take a good risk tolerance questionnaire and set your stock/bond mix accordingly. Carrying Too Much Debt Into Retirement Ideally, you want to retire your mortgage by the time you retire from your job. Having to continue paying on what for most people is their single largest expense can be burdensome, especially with health care expenses looming as a great unknown. Today, however, more seniors than ever are still making payments on their homes. According to the Consumer Financial Protection Bureau, about 30% of homeowners age 65 and older have mortgages. And not only that. Many seniors are still paying off student loans. In 2014, about 17% of outstanding student loan debt was held by borrowers in their 50s, according to the New York Fed. Some of that debt was incurred for the borrowers' own education, perhaps because they went back to school later in life or they refinanced earlier loans. Some of it was for their kids or grandkids. If you still have mortgage, student loan, or credit card debt, it can be helpful to your sanity and your solvency to delay retirement until such debts are paid off.  (or have a spending plan, zero in on your retirement expenses) Keeping the Bank of Mom and Dad Open According to a Merrill Lynch study, 68% of parents age 55 or older have provided some form of financial support to their adult children in the past five years. That support included helping to make their rent or mortgage payments, pay their cell phone bills, cover their car payments, or pay their health care costs. Many other parents stand ready to help. According to a study by BMO Harris Premier Services, nearly 50% of parents said they'd be willing to put off their retirement if their adult children needed financial help. Some 25% said they would take on debt, and 20% said they'd raid their retirement accounts if necessary. However, in their classic book, The Millionaire Next Door, authors Thomas Stanley and William Danko said many parents mistakenly assume that soon after providing some financial help, their adult

Today we present an excerpt from The Millionaire Next Door by Thomas Stanley and William Danko

Today we present an excerpt from The Millionaire Next Door by Thomas Stanley and William Danko