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Take control of your financial life with some great habits
Posted on 5/2/26 at 9:16 am
Posted on 5/2/26 at 9:16 am
LINK
Posting on OT (vs. MT) because recent trend of OT posts regarding "life is tough". Life IS tough. Hang in there! And take control of your future that many people can (should) do.
Do (action plan) > Done to you mindset
Here are 5 financial habits that most people can do in some form that will give you greater control, if not lead you to full financial independence.
The 5 Daily Habits That Quietly Create Millionaires
02:01 Habit #1: They Save Aggressively (Consistency Beats Perfection)
05:55 Habit #2: They Invest Early and Continuously (Every Dollar Has a Job)
08:55 Habit #3: They Maximize Tax-Advantaged Accounts (401(k), IRA, HSA Strategy)
11:42 Habit #4: They Control the Big Expenses (Housing, Cars, Lifestyle Inflation)
14:22 Habit #5: They Stay Invested for Decades (Time in the Market Wins)
17:18 Bonus: What Millionaires Do NOT Have in Common
17:30 Myth #1: Millionaires Don’t All Earn Ultra-High Incomes
17:42 Myth #2: Millionaires Don’t Have Perfect Market Timing
17:55 Myth #3: Millionaires Don’t Use Exotic or Risky Investments
18:07 Myth #4: Millionaires Didn’t Start With Financial Advisors
Posting on OT (vs. MT) because recent trend of OT posts regarding "life is tough". Life IS tough. Hang in there! And take control of your future that many people can (should) do.
Do (action plan) > Done to you mindset
Here are 5 financial habits that most people can do in some form that will give you greater control, if not lead you to full financial independence.
The 5 Daily Habits That Quietly Create Millionaires
02:01 Habit #1: They Save Aggressively (Consistency Beats Perfection)
05:55 Habit #2: They Invest Early and Continuously (Every Dollar Has a Job)
08:55 Habit #3: They Maximize Tax-Advantaged Accounts (401(k), IRA, HSA Strategy)
11:42 Habit #4: They Control the Big Expenses (Housing, Cars, Lifestyle Inflation)
14:22 Habit #5: They Stay Invested for Decades (Time in the Market Wins)
17:18 Bonus: What Millionaires Do NOT Have in Common
17:30 Myth #1: Millionaires Don’t All Earn Ultra-High Incomes
17:42 Myth #2: Millionaires Don’t Have Perfect Market Timing
17:55 Myth #3: Millionaires Don’t Use Exotic or Risky Investments
18:07 Myth #4: Millionaires Didn’t Start With Financial Advisors
Posted on 5/2/26 at 9:23 am to Everyday Is Saturday
Buy a share of two of $FDVV every week.
Posted on 5/2/26 at 9:28 am to Horsemeat
quote:
Buy a share of two of $FDVV every week.
You looking for income?
Posted on 5/2/26 at 9:28 am to Horsemeat
I’m all in on bit coin
Ride or die
Ride or die
Posted on 5/2/26 at 9:30 am to nicholastiger
quote:
I’m all in on bit coin
HODL
Posted on 5/2/26 at 9:35 am to bad93ex
Building wealth is not necessarily difficult but it requires discipline. Most people do not have discipline to stick to something for decades. It’s a mindset.
Posted on 5/2/26 at 9:37 am to lynxcat
quote:Alcoholics, fatties and smokers might refute your thesis.
Most people do not have discipline to stick to something for decades.
Posted on 5/2/26 at 9:37 am to Everyday Is Saturday
My #1 habit is make 7 figs a year
Posted on 5/2/26 at 9:43 am to Everyday Is Saturday
Invest and don’t live above your means?
Really groundbreaking stuff here.
Really groundbreaking stuff here.
Posted on 5/2/26 at 10:08 am to Everyday Is Saturday
You forgot to mention purchasing and holding physical gold and silver.
Posted on 5/2/26 at 10:12 am to TheOcean
quote:
My #1 habit is make 7 figs a year
What you earn
vs
What you have (wealth)
Are often WORLD's APART! There is a McLaren (not mine) parked next to my Toyota as I type. I am almost certain that car owner earns a lot of money and does not have / will not have a liquid $ to his name (now and in the future) and is likely floating in ocean of debt.
Build the wealth! Earnings help. But are 2ndary, if not tertiary.
This post was edited on 5/2/26 at 10:25 am
Posted on 5/2/26 at 10:15 am to ponyman
quote:
You forgot to mention purchasing and holding physical gold and silver.
You mean did not.
Cash-generating assets are what is mentioned for good reason.
Gold/Silver are nice hedge features. They do not generate cash that is compounded, NOT building wealth over long haul.
This post was edited on 5/2/26 at 10:17 am
Posted on 5/2/26 at 10:21 am to TheDrunkenTigah
quote:
Really groundbreaking stuff here.
Income - Investing = Expenses
Over time, regularly, disciplined
Cash-generating assets
Controlling expenses (home/lifestyle)
Like calories in / out to beach bod.
Discipline is not groundbreaking at all. Never has been.
Hope you were not looking for GLP-1 for millionaires! Kidding.
This post was edited on 5/2/26 at 10:22 am
Posted on 5/2/26 at 10:26 am to Everyday Is Saturday
quote:why?
I am almost certain that car owner earns a lot of money and does not have / will not have a liquid $ to his name (now and in the future) and is likely floating in ocean of debt.
Posted on 5/2/26 at 10:28 am to Everyday Is Saturday
Habit #1 - be born rich
Posted on 5/2/26 at 10:28 am to Everyday Is Saturday
My wife makes tons of money. She is going to die broke because not only does she do none of this, she's on the opposite end of the spectrum.
Posted on 5/2/26 at 10:36 am to Everyday Is Saturday
quote:
Build the wealth!
For what? So you can sit around and count your money when you’re too old to enjoy it?
Spend, spend, spend. Maximize life and enjoy every minute to the fullest. Youth is our greatest commodity but it doesn’t last forever.
Posted on 5/2/26 at 10:43 am to BrianKellysbuyout
My 23 year old twins graduated college a year ago. Both with just below six figures starting positions in professional careers (their 1 year pay raise should take them over 6 figs). And they were raised with all the points of the OP and are living well below their means even in Atlanta. Aggressively dumping the max into their Roth 401K’s, saving cash for future vehicles/home, etc. The goal is to retire in their 50’s. It is easily doable as many of us have done the same thing.
That a loud group whines about our system because they did none of the OP’s habits means nothing. They are the kids who never practiced then complain because they didn’t make the cheerleading or basketball team. We live in the easiest country in the world to be successful which is why first generation immigrants are running businesses all over our towns while many of our own citizens are whining with their hands out.
Follow the ops list and you’ll have a great life.
That a loud group whines about our system because they did none of the OP’s habits means nothing. They are the kids who never practiced then complain because they didn’t make the cheerleading or basketball team. We live in the easiest country in the world to be successful which is why first generation immigrants are running businesses all over our towns while many of our own citizens are whining with their hands out.
Follow the ops list and you’ll have a great life.
Posted on 5/2/26 at 10:44 am to GreatLakesTiger24
quote:
I am almost certain that car owner earns a lot of money and does not have / will not have a liquid $ to his name (now and in the future) and is likely floating in ocean of debt.?
quote:
Why?
Because I’ve also seen his wife, her car, purse, and injections.
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