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Todd Tresidder--No Magic Bullets In Wealth Building #3593

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When? This feed was archived on December 17, 2017 16:17 (7y ago). Last successful fetch was on October 19, 2017 06:16 (7y ago)

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Manage episode 181463117 series 90288
Content provided by Kerry Lutz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kerry Lutz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Todd Tresidder has an interesting question. Why do certain postal employees and teachers with ordinary incomes achieve financial freedom, while doctors and lawyers earning multiple times more income end up in bankruptcy? The reason is more complex than most financial gurus teach. The truth is there's no magic wealth system or program that produces reliable results despite the over-hyped claims of marketers. Instead, the wealth building process is mundane and practical - like a series of hurdles you must jump over, without tripping up - no different than building your own business or achieving any other serious economic goal. The hurdles are: Commitment so that you prioritize everything necessary to build wealth; otherwise, life will just get in the way.Plan based on proven principles that actually work, and it must be uniquely designed to fit your skills, resources, and interests.Action because nothing happens without persistent, disciplined action over sufficient time to reach the end goal. I know that doesn't sound nearly as sexy as the "hidden secrets of the rich" sold by marketer types, but it is timeless wisdom that actually works. People want to believe in get-rich-quick and overpriced weekend bootcamps because they promise to deliver that "secret missing ingredient" that previously held you back. The secret is there are no secrets.
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317 episodes

Artwork
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Archived series ("Inactive feed" status)

When? This feed was archived on December 17, 2017 16:17 (7y ago). Last successful fetch was on October 19, 2017 06:16 (7y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 181463117 series 90288
Content provided by Kerry Lutz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kerry Lutz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Todd Tresidder has an interesting question. Why do certain postal employees and teachers with ordinary incomes achieve financial freedom, while doctors and lawyers earning multiple times more income end up in bankruptcy? The reason is more complex than most financial gurus teach. The truth is there's no magic wealth system or program that produces reliable results despite the over-hyped claims of marketers. Instead, the wealth building process is mundane and practical - like a series of hurdles you must jump over, without tripping up - no different than building your own business or achieving any other serious economic goal. The hurdles are: Commitment so that you prioritize everything necessary to build wealth; otherwise, life will just get in the way.Plan based on proven principles that actually work, and it must be uniquely designed to fit your skills, resources, and interests.Action because nothing happens without persistent, disciplined action over sufficient time to reach the end goal. I know that doesn't sound nearly as sexy as the "hidden secrets of the rich" sold by marketer types, but it is timeless wisdom that actually works. People want to believe in get-rich-quick and overpriced weekend bootcamps because they promise to deliver that "secret missing ingredient" that previously held you back. The secret is there are no secrets.
  continue reading

317 episodes

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