Health and wealth are two things you have to work hard to get and keep. There are no shortcuts to wealth. And if you find one, studies have shown you won’t have it for long.
In this video we talk a little bit about the Millionaire Next Door, and the 7 traits that most wealthy people share:
1.They live well below their means.
2.They allocate their time, energy and money efficiently in wealth building activities.
3.They belief financial independence is more important that displaying high status.
4/5.They did not inherit their wealth and their adult children are economically self sufficient.
6. They are great at selecting and seizing opportunity.
7. They chose the right occupation.
When people ask “how much I need to retire comfortably”, most of the time they imagine traveling the world, staying in fancy hotels and golfing at the most luxurious resorts.
The question we’re asking is, are you willing to trade your freedom for that level of comfort?
Rather than save 1-5 million dollars for a “comfortable retirement” we are shooting for financial freedom. From there we can decide what truly makes us happy instead of trading the next 50 years for a a little luxury.