Why Rich People are Cheap


Manage episode 250133754 series 69174
By Listen Money Matters, ListenMoneyMatters.com | Andrew Fiebert, and Matt Giovanisci. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Accordingly to the Fidelity Millionaire Outlook Survey, 86% of millionaires are self-made. Even more remarkable, 78% of them started out as middle class or poor. Only 22% grew up in the upper class. That means that the vast majority of millionaires built their wealth the old fashioned way: hard work, consistent saving and investing in the long-term.

We’ll explain why rich people are cheap and how you can adopt their simple habits to become a millionaire yourself.

Show Notes

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548 episodes