If becoming a millionaire was just about the math, I suspect about 90% of us would be millionaires.
Most fail because they believe society's lies about getting rich.
Here are 6 B.S. lies that are keeping you poor.
Most fail because they believe society's lies about getting rich.
Here are 6 B.S. lies that are keeping you poor.
1: Most millionaires inherit their wealth.
Bullshit.
- 88% of millionaires are self-made
- 70% of wealthy Americans grew up middle-class
- 3% of millionaires inherited more than a million
Bullshit.
- 88% of millionaires are self-made
- 70% of wealthy Americans grew up middle-class
- 3% of millionaires inherited more than a million
Studies are *all over the Internet* proving that the vast majority of millionaires didn't just inherit their wealth.
If you believe millionaires inherit, you're not cut out for success.
steveadcock.us
If you believe millionaires inherit, you're not cut out for success.
steveadcock.us
2: You can't build wealth with a 9 to 5.
Bullshit.
9 to 5s are great wealth-building tools if you use them right.
9 to 5s offer:
- consistent income
- 401(k)s and Roth IRAs
- subsidized healthcare
- networking ops
Bullshit.
9 to 5s are great wealth-building tools if you use them right.
9 to 5s offer:
- consistent income
- 401(k)s and Roth IRAs
- subsidized healthcare
- networking ops
Smart 9 to 5ers use a portion of their salary to start their own side hustles.
Sometimes, those side hustles become their main hustle.
Your 9 to 5 job is a tool. Use it.
Sometimes, those side hustles become their main hustle.
Your 9 to 5 job is a tool. Use it.
3: Kids make it impossible to achieve FI.
Bullshit.
I know PLENTY of young millionaires with children. That's most of the millionaires I know!
Stop blaming your kids. It's pathetic.
Your kids should be the reason you save and invest, not your excuse for why you don't.
Bullshit.
I know PLENTY of young millionaires with children. That's most of the millionaires I know!
Stop blaming your kids. It's pathetic.
Your kids should be the reason you save and invest, not your excuse for why you don't.
Want to follow a couple of early retirees with kids? Make it @routetoretire and @RootofGoodBlog.
Both of them will show you why your kids aren't the financial burden you think they are.
Both of them will show you why your kids aren't the financial burden you think they are.
@RouteToRetire @RootofGoodBlog 4: Millionaires are evil.
Bullshit.
Millionaires are some of the nicest people I've ever met (you just hear about the ones who aren't).
Assholes aren't as rich and successful as you think.
Nice guys don't finish last. Nice guys become successful.
Bullshit.
Millionaires are some of the nicest people I've ever met (you just hear about the ones who aren't).
Assholes aren't as rich and successful as you think.
Nice guys don't finish last. Nice guys become successful.
@RouteToRetire @RootofGoodBlog 5: Talking about money is boring.
Bullshit.
If you ignore it, it'll go away (Hint: You don't want money to go away). You will fight MORE with your spouse. And, you'll wonder why retirement seems so far off.
Either talk money or risk losing it.
Bullshit.
If you ignore it, it'll go away (Hint: You don't want money to go away). You will fight MORE with your spouse. And, you'll wonder why retirement seems so far off.
Either talk money or risk losing it.
@RouteToRetire @RootofGoodBlog 6: Personal finance is personal.
Bullshit.
This phrase traps people into making BAD decisions with their money.
Paying 20% interest on your credit cards isn't just "personal". It's destructive.
Leasing an F-250 on a $50,000/year salary isn't just personal. It's stupid.
Bullshit.
This phrase traps people into making BAD decisions with their money.
Paying 20% interest on your credit cards isn't just "personal". It's destructive.
Leasing an F-250 on a $50,000/year salary isn't just personal. It's stupid.
@RouteToRetire @RootofGoodBlog The world's best habits are those that *make you money*.
I wrote a guide on how to copy those habits. I've sold guides like this for more than $100, but this one is yours for $1.50.
steveadcock.gumroad.com
I wrote a guide on how to copy those habits. I've sold guides like this for more than $100, but this one is yours for $1.50.
steveadcock.gumroad.com
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