One Rental At A Time 10 Get Rich Habits of Self Made Millionaires
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May 9, 2025 Ana Kelly, a successful real estate investor and coach, shares her expertise as a self-made millionaire. She highlights ten essential habits for building wealth, including the importance of disciplined investing and mastering one income source before diversifying. A focus on opportunity cost helps listeners make better financial decisions. Ana emphasizes cultivating a millionaire mindset through hard work and a supportive network. She also compares wealth accumulation to changing seasons, reminding us that dedication and time can lead to financial freedom.
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Save and Invest Consistently
- Consistently save money and invest in assets with safe, stable returns to grow wealth.
- Disposable income seeds assets that appreciate and provide returns to build net worth over time.
Focus Before Multiple Incomes
- Focus on building one strong income stream before adding others over time.
- Avoid scattering efforts across too many ventures to prevent burnout and inefficiency.
Opportunity Cost Includes Time
- Opportunity cost applies to both money and time; choose the best use for each.
- Time spent working to afford things shows the real cost, e.g., working a month to buy a $1000 item.