3047: Lessons from Millionaires by ESI of ESI Money on Early Retirement

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Episode 3047:

Having interviewed over 40 everyday millionaires, ESI of ESIMoney.com uncovers the key habits that lead to wealth. High income, disciplined saving, and early, consistent investing stand out as the core principles that set millionaires apart. Avoiding financial pitfalls and making smart money moves further accelerate their journey proving that financial success is more about mindset and discipline than luck.

Read along with the original article(s) here: https://esimoney.com/lessons-from-millionaires/

Quotes to ponder:

"Having a high income is a great asset. Even people with high incomes can spend it all, so while many millionaires have high incomes, they also have something more valuable: self-control to limit their spending."

"Millionaires use this to their advantage. They invest early, often, and at high amounts. Then they let this money sit and compound (usually in index funds) year after year and decade after decade."

"My challenge to you is to ask yourself which of the tips mentioned you are missing. Which of these can you attack and get just a bit better at over time?"

Episode references:

The Millionaire Next Door: https://www.amazon.com/dp/1589795474

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