The 4 Biggest Money Secrets of Millionaires (that most people misunderstand)

Welcome back to another episode of the SeedTime Money Podcast! Today we’re diving into some super cool stuff— the four biggest money secrets of millionaires that most people completely misunderstand. Seriously, you don’t want to miss this, it’s eye-opening!

We're unpacking findings from a study by the Ramsey team that surveyed 10,000 millionaires and the results will shake up a lot of the myths you've heard about the actual habits of millionaires. 

 

Why You Should Listen:

• Whether you've given a lot of thought to your financial journey or you're still figuring it out, this episode will light a fire under you.

• If you've been overwhelmed by misconceptions about what it takes to reach financial freedom, we're busting those myths wide open.

• For those who are looking to be more generous, create passive income streams, or just live a life that honors God financially, these insights are invaluable.

• Success leaves clues! By understanding the real habits and choices of millionaires, we can apply those lessons in our own lives and change our family trees for the better.

Key Topics Covered:

• What percentage of millionaires do you think inherited their wealth? The answer will blow your mind. Spoiler: it's not what you think, and it's super encouraging!

• Think you need to rake in the big bucks to hit millionaire status? Think again. We share stats that show you don't need to earn nearly as much as you think. This is great news, friends!

• Contrary to popular belief, millionaires aren't all about that bling-bling lifestyle. We're diving deep into how millionaire spending habits actually look like, and yep, it's got a lot to do with good ol' wisdom.

• How many millionaires do you think carry a credit card balance? The stats will surprise you and offer us all a lesson. 

Resources Mentioned:

• Study by the Ramsey team on 10,000 millionaires - https://www.ramseysolutions.com/retirement/the-national-study-of-millionaires-research 

• The Millionaire Next Door by Thomas J. Stanley - https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 

• Glorify Bible app - https://glorify-app.com/ 

• Find me on LinkedIn - https://www.linkedin.com/in/boblotich 

• Our Course: True Financial Freedom - https://seedtime.com/true/ 

• Our book: Simple Money, Rich Life - https://seedtime.com/smrl/ 

• Our 10X Investing course - https://seedtime.com/10x/ 

 

Watch this episode on our SeedTime Money Podcast YouTube channel (https://youtube.com/live/qFZlMZQhIUQ)!

 

If you haven’t checked out our best-selling book Simple Money, Rich Life (https://seedtime.com/smrl/), we think you’ll love it. It was named the 2022 Book of the Year by ICFH and has over 600 5-star reviews on Amazon, and is best described as “a money book for people who don’t read money books.” 

You can take it for a test drive for FREE at https://SeedTime.com/sample where you can download chapter 1 of the audiobook, grab the 1st 2 chapters of the ebook version, and even get the 5-week book study companion guide.