November 7, 2024 • 11 mins
Unlock the secrets of financial serenity as we chat with financial expert Tay Kim about the intriguing lives of quiet millionaires. These individuals are proof that true wealth is about more than just numbers—it's about living life with purpose and intention. Discover how they navigate the world with understated elegance, making intentional choices that prioritize genuine relationships over superficial displays of success. From driving practical cars and embracing minimalism to investing wisely in index funds and valuing health as a component of wealth, quiet millionaires teach us that the whisper of wealth is mightier than the roar of money.
Our conversation goes beyond the dollars and cents, exploring how adopting the principles of quiet millionaires can lead to a life filled with meaning and fulfillment. Imagine designing a lifestyle that aligns with your true values, where financial literacy and smart decisions create a foundation for personal growth and happiness. Embrace a mindset of quiet intentionality and reclaim your time for what truly matters, crafting a life defined by freedom and enriched by experiences rather than material possessions. With insights from Tay Kim, learn how anyone can quietly and confidently create their own version of success, living life on their own terms.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Ever walk into a room and wonder like who here is
secretly loaded?
It's probably not the one withthe flashy watch.
Right, Right, You're requestinga deep dive into those quiet
millionaires.
Yeah, the ones who build wealthwithout the bling.
We're going to uncover theirsecrets to financial success
today.
Speaker 2 (00:18):
Yeah, it's fascinating how they blend in.
Speaker 1 (00:21):
Yeah.
Speaker 2 (00:22):
Yet their approach to money is anything but ordinary.
Right, it's like they have isanything but ordinary.
Speaker 1 (00:25):
Right.
Speaker 2 (00:25):
It's like they have this hidden playbook.
Speaker 1 (00:27):
Okay, so let's crack open that playbook.
Then we're drawing insightsfrom financial expert Tay Kim
Mm-hmm, and one of the firstthings that really struck me was
his observation that moneytalks, but wealth whispers.
What's that all about?
Speaker 2 (00:41):
It's about understanding the dynamics of
wealth.
Speaker 1 (00:44):
Yeah.
Speaker 2 (00:44):
Quiet millionaires recognize that money can be a
sensitive topic Instead ofbragging about.
You know, their latestinvestment win.
Speaker 1 (00:53):
Right.
Speaker 2 (00:54):
They might steer clear of those conversations
altogether.
Speaker 1 (00:57):
So dodging those like what's the next hot stock
questions.
Exactly, they're masters atredirecting Interesting.
Speaker 2 (01:01):
To shared interests Right.
They'd rather connect,redirecting Interesting To
shared interests.
Speaker 1 (01:05):
Right.
Speaker 2 (01:06):
They'd rather connect with you on a personal level
than you know, make you feeluncomfortable.
Speaker 1 (01:11):
Yeah, protecting their peace and others too.
But this doesn't mean thatthey're timid, does it?
Speaker 2 (01:17):
Not at all Okay.
It's actually quite theopposite.
Kim describes this quietconfidence that comes from truly
knowing your financial standingand having a crystal clear life
purpose.
Ok, it's not about showing off.
It's about having the resourcesand the peace of mind to live
life on your own terms.
Speaker 1 (01:37):
That quiet confidence probably translates into their
lifestyle choices too.
Absolutely OK.
Speaker 2 (01:45):
One of the most intriguing things about quiet
millionaires is theirinclination towards well
minimalism.
Speaker 1 (01:49):
Minimalism, huh, that's where things get really
interesting.
It's not about deprivation.
Speaker 2 (01:54):
Right.
Speaker 1 (01:55):
It's about making intentional choices.
Speaker 2 (01:57):
Exactly.
Speaker 1 (01:58):
Kim talks about them driving practical cars, living
in modest homes.
Speaker 2 (02:02):
Right.
Speaker 1 (02:03):
Even maintaining a minimal digital footprint.
Speaker 2 (02:05):
Precisely Wow.
Take index funds, for example.
Speaker 1 (02:08):
Okay.
Speaker 2 (02:09):
They're not trying to time the market or pick
individual stocks.
Instead, they often opt forthis simpler, more diversified
approach.
Speaker 1 (02:17):
Okay.
Speaker 2 (02:18):
It's like buying a small piece of the entire stock
market, which historically hasyielded solid returns over time.
Speaker 1 (02:24):
Wait, hold on stock market which, historically, has
yielded solid returns over time.
Wait, hold on.
Are you saying that mostfinancial advisors are
incentivized to push productsthat might not be in my best
interest?
Speaker 2 (02:32):
It's not about all advisors being malicious, but
rather understanding theirincentives.
Quiet millionaires recognizethis and are incredibly
discerning about where they seekadvice.
Speaker 1 (02:44):
Okay, that makes sense.
So they're careful about whothey trust, especially regarding
their finances.
But what about their physicalwell-being?
I mean, what good is all thatwealth if you're not healthy
enough to enjoy it right?
Speaker 2 (02:57):
That's such a crucial point Quiet.
Millionaires view their healthphysical, mental and emotional
as the cornerstone of theirwealth.
Speaker 1 (03:05):
Right.
Speaker 2 (03:05):
It's not about vanity .
It's about investing in theirmost valuable asset themselves.
Speaker 1 (03:11):
So it's less about chasing the latest fad diet.
Speaker 2 (03:14):
Yeah.
Speaker 1 (03:15):
And more about creating a sustainable lifestyle
.
You got it.
Speaker 2 (03:18):
Think quality food.
Mm hmm, regular exercise Rightand professional support when
needed, whether it's a personaltrainer or a therapist Right,
it's about investing in theirlong term well-being.
Speaker 1 (03:30):
OK.
Speaker 2 (03:30):
Which allows them to enjoy their wealth for years to
come.
Speaker 1 (03:34):
Instead of blowing it all on expensive medical bills
later on.
Speaker 2 (03:36):
Exactly, they're playing the long game Right,
which extends to their approachto knowledge and learning as
well.
They're not just passivelyscrolling through social media.
Are they Right?
Which extends to their approachto knowledge and learning as
well?
Speaker 1 (03:43):
They're not just passively scrolling through
social media, are they Right?
What are these quietmillionaires reading and
absorbing?
Speaker 2 (03:50):
They are indeed voracious readers, but their
media diet is very intentional.
They're not chasing the latestget rich quick scheme.
They view knowledge, especiallyfinancial literacy.
They view knowledge, especiallyfinancial literacy, as a
compounding asset.
Speaker 1 (04:05):
Okay.
Speaker 2 (04:05):
They want to understand how money works, not
just how to make a quick buck.
Speaker 1 (04:10):
So more Warren Buffett biographies, yeah, and
less how to get rich by 30 typebooks they're catching on
quickly.
Okay.
Speaker 2 (04:17):
They recognize that building lasting wealth requires
a solid understanding offinancial principles.
Speaker 1 (04:22):
Right.
Speaker 2 (04:23):
Not just following the latest trends.
Speaker 1 (04:25):
They're building that solid foundation of knowledge,
but they're also smart enough toknow when to bring in the
experts, right, kim talks aboutthem assembling a team of
trusted advisors.
Speaker 2 (04:35):
Exactly.
They're not afraid to seek outspecialized counsel, accountants
, lawyers, even coaches to helpthem navigate the complexities
of wealth.
They see the value inleveraging expertise to make
informed decisions.
Speaker 1 (04:51):
Instead of relying on that one size fits all
financial advice, they'retailoring their strategy to
their specific needs and goals.
Speaker 2 (04:59):
Precisely, and this focus on intentionality goes
beyond their finances.
You see it in their approach totravel, for example.
Speaker 1 (05:07):
OK, how so?
Speaker 2 (05:08):
They might be globally minded, but they're not
lugging around those massivesuitcases.
Speaker 1 (05:13):
Oh, so they're not like holding up the security
line with a mountain of luggage.
Speaker 2 (05:17):
Right.
Speaker 1 (05:18):
I'm trying to picture this.
Speaker 2 (05:19):
Not quite.
They've mastered the art oftraveling light.
Speaker 1 (05:23):
OK.
Speaker 2 (05:23):
Understanding they can always purchase what they
need upon arrival.
Speaker 1 (05:26):
There's that practical mindset shining
through again.
It's about experiences, notaccumulating stuff.
Speaker 2 (05:33):
Right.
Speaker 1 (05:34):
But here's a question Do they ever indulge?
Sure, I mean, they've earned itright.
Speaker 2 (05:39):
That's a great question.
Speaker 1 (05:40):
Yeah.
Speaker 2 (05:40):
And it gets to an interesting point.
Speaker 1 (05:42):
Okay.
Speaker 2 (05:43):
While they're generally frugal, they're not
afraid to spend money on thingsthey truly value.
Okay Kim actually uses authorRamit Sethi as an example.
Okay Sethi is known for hissimple style Mm-hmm, yet he owns
a sweater worth thousands, wow,because it's made from
incredibly high quality material.
Speaker 1 (06:03):
Wow, I guess you wouldn't know it just by looking
at them.
Speaker 2 (06:06):
Right.
Speaker 1 (06:07):
So it's not about deprivation.
Speaker 2 (06:08):
Exactly.
Speaker 1 (06:09):
But rather making conscious choices about what
they bring into their lives.
Exactly Okay, and thisdiscerning taste applies to
their living spaces as well.
Speaker 2 (06:18):
It does.
Speaker 1 (06:19):
And to favor a more minimalist aesthetic.
Speaker 2 (06:21):
Yes.
Speaker 1 (06:22):
So on.
Are you saying they're allliving in those stark white
boxes with zero personality?
Not necessarily Because I'm notsure I could handle that.
Speaker 2 (06:29):
It's not about following a trend Okay but
rather about creating a spacethat brings them peace, right
and reflects their values.
They choose items thoughtfully,ensuring each piece serves a
purpose and sparks joyThoughtfully, yeah, ensuring
each piece serves a purpose andsparks joy.
Speaker 1 (06:44):
So it's more about curating a meaningful
environment rather than chasingafter some idealized version of
minimalism.
Speaker 2 (06:51):
Right.
Speaker 1 (06:52):
Kind of like their approach to information.
Exactly Speaking of which I'mcurious, what are these quiet
millionaires reading?
Speaker 2 (06:58):
Yeah.
Speaker 1 (07:01):
I'm always up for a good book recommendation.
Speaker 2 (07:02):
Well, you won't catch them with those flashy,
get-rich-quick books.
Remember, they're all aboutbuilding lasting wealth through
knowledge.
Right, they're more likely tobe found with a biography of
someone like Warren Buffett.
They see books as long-terminvestments, sources of wisdom
that pay dividends over time.
Speaker 1 (07:22):
It's like that, saying the more you learn, the
more you earn.
Speaker 2 (07:25):
Exactly.
Speaker 1 (07:26):
They're not just reading about finance, are they?
Speaker 2 (07:27):
You're right.
Their interests are far fromone dimensional.
They're curious about the worldand enjoy conversations that
span a variety of topics.
Speaker 1 (07:37):
Okay.
Speaker 2 (07:38):
They understand that true wealth is about more than
just money.
Speaker 1 (07:42):
Right.
Speaker 2 (07:42):
It's about enriching your life on multiple levels.
Speaker 1 (07:45):
It's about expanding your horizons and engaging with
the world around you, but in theend, it all comes back to time,
doesn't it?
Speaker 2 (07:52):
It does.
Speaker 1 (07:53):
We all have the same 24 hours in a day, absolutely
Okay.
Speaker 2 (07:57):
And quiet.
Millionaires understand theprecious and finite nature of
time.
Speaker 1 (08:01):
Right.
Speaker 2 (08:02):
Perhaps better than anyone.
They see it as their mostvaluable asset, often even more
so than money itself.
Speaker 1 (08:10):
Which is a really interesting concept.
Speaker 2 (08:11):
Yeah.
Speaker 1 (08:12):
We often equate wealth with material possessions
, but for them it seems liketime is the ultimate luxury.
Speaker 2 (08:20):
Precisely.
They're willing to spend moneyto buy back their time, Whether
that's hiring someone to handlehousehold chores, outsourcing
errands or paying a premium forconvenience.
Speaker 1 (08:32):
Because those minutes and hours really do add up.
Speaker 2 (08:35):
They do.
Speaker 1 (08:35):
Yeah, it's about reclaiming that time to focus on
what truly matters.
Speaker 2 (08:39):
Exactly Spending time with loved ones pursuing
passions or simply enjoying thefreedom that comes with
financial security.
Speaker 1 (08:48):
It's about designing a life you don't need to escape
from.
Speaker 2 (08:51):
You got it.
Speaker 1 (08:52):
Okay.
Speaker 2 (08:52):
A life filled with purpose and intention, where
work doesn't feel like a choreand there's ample opportunity to
pursue your passions.
Speaker 1 (09:00):
It's like they've discovered the secret to living
a truly fulfilling life.
Speaker 2 (09:04):
Yeah.
Speaker 1 (09:05):
One where wealth is about so much more than just a
number in a bank account.
Speaker 2 (09:09):
And what's inspiring is that it's attainable, I think
, for anyone willing to put inthe effort.
Speaker 1 (09:15):
Right.
Speaker 2 (09:16):
It's not about hitting the lottery.
Speaker 1 (09:17):
Right.
Speaker 2 (09:18):
It's about making conscious decisions day after
day that compound over time.
Speaker 1 (09:22):
It's about playing the long game.
Speaker 2 (09:24):
Exactly.
Speaker 1 (09:24):
Like those index funds we were talking about.
Speaker 2 (09:26):
Building a solid foundation through financial
literacy.
Speaker 1 (09:29):
Right.
Speaker 2 (09:30):
Smart decision making and a genuine commitment to
personal growth.
Speaker 1 (09:35):
This deep dive has been eye opening Good.
It makes you wonder how we canall incorporate these quiet,
millionaire principles into ourown lives.
Speaker 2 (09:44):
Yeah.
Speaker 1 (09:45):
Where do we even begin?
Speaker 2 (09:46):
You don't have to overhaul your entire life
overnight.
Speaker 1 (09:49):
OK.
Speaker 2 (09:50):
Right, it's not about mimicking their every move.
Speaker 1 (09:53):
Right.
Speaker 2 (09:54):
But rather about internalizing their core values.
Speaker 1 (09:57):
OK.
Speaker 2 (09:57):
Start by asking yourself yeah, what truly
matters to me?
What kind of life do I want tocreate for myself?
Speaker 1 (10:04):
So it's less about the specific tactics and more
about adopting their mindset.
Yes, quiet intentionality.
Speaker 2 (10:12):
You nailed it it's about aligning your actions with
your values.
Maybe that means simplifyingyour lifestyle.
Speaker 1 (10:19):
Okay.
Speaker 2 (10:19):
Prioritizing experiences over material
possessions Right, or becomingmore intentional about how you
invest your time and energy.
Speaker 1 (10:27):
Or, finally, taking charge of your finances,
educating yourself aboutinvesting or seeking out mentors
who can guide you along the way.
Speaker 2 (10:34):
Okay.
Speaker 1 (10:35):
Remember, true wealth encompasses all aspects of life
.
It's about having the financialsecurity to pursue your
passions, the health andwell-being to enjoy those
pursuits, and the freedom tolive life on your own terms.
Speaker 2 (10:50):
This has been an incredible deep dive into the
world of quiet millionaires.
They might not seek thelimelight, but their approach to
wealth and life holds valuablelessons for us all Indeed.
Speaker 1 (11:04):
Perhaps the most important takeaway is that true
wealth isn't about flashydisplays or keeping up with the
Joneses.
It's about aligning your innerand outer worlds to create a
life of purpose, meaning andgenuine fulfillment.
Speaker 2 (11:18):
And who knows, maybe there are some future quiet
millionaires listening right now.
Maybe, Quietly building theirown versions of success.
Quietly but confidently,crafting a life of intention and
abundance.
Speaker 1 (11:28):
Yeah.
Speaker 2 (11:29):
One mindful choice at a time.
Ever walk into a room and wonder like who here is
secretly loaded?
It's probably not the one withthe flashy watch.
Right, Right, You're requestinga deep dive into those quiet
millionaires.
Yeah, the ones who build wealthwithout the bling.
We're going to uncover theirsecrets to financial success
today.
Speaker 2 (00:18):
Yeah, it's fascinating how they blend in.
Speaker 1 (00:21):
Yeah.
Speaker 2 (00:22):
Yet their approach to money is anything but ordinary.
Right, it's like they have isanything but ordinary.
Speaker 1 (00:25):
Right.
Speaker 2 (00:25):
It's like they have this hidden playbook.
Speaker 1 (00:27):
Okay, so let's crack open that playbook.
Then we're drawing insightsfrom financial expert Tay Kim
Mm-hmm, and one of the firstthings that really struck me was
his observation that moneytalks, but wealth whispers.
What's that all about?
Speaker 2 (00:41):
It's about understanding the dynamics of
wealth.
Speaker 1 (00:44):
Yeah.
Speaker 2 (00:44):
Quiet millionaires recognize that money can be a
sensitive topic Instead ofbragging about.
You know, their latestinvestment win.
Speaker 1 (00:53):
Right.
Speaker 2 (00:54):
They might steer clear of those conversations
altogether.
Speaker 1 (00:57):
So dodging those like what's the next hot stock
questions.
Exactly, they're masters atredirecting Interesting.
Speaker 2 (01:01):
To shared interests Right.
They'd rather connect,redirecting Interesting To
shared interests.
Speaker 1 (01:05):
Right.
Speaker 2 (01:06):
They'd rather connect with you on a personal level
than you know, make you feeluncomfortable.
Speaker 1 (01:11):
Yeah, protecting their peace and others too.
But this doesn't mean thatthey're timid, does it?
Speaker 2 (01:17):
Not at all Okay.
It's actually quite theopposite.
Kim describes this quietconfidence that comes from truly
knowing your financial standingand having a crystal clear life
purpose.
Ok, it's not about showing off.
It's about having the resourcesand the peace of mind to live
life on your own terms.
Speaker 1 (01:37):
That quiet confidence probably translates into their
lifestyle choices too.
Absolutely OK.
Speaker 2 (01:45):
One of the most intriguing things about quiet
millionaires is theirinclination towards well
minimalism.
Speaker 1 (01:49):
Minimalism, huh, that's where things get really
interesting.
It's not about deprivation.
Speaker 2 (01:54):
Right.
Speaker 1 (01:55):
It's about making intentional choices.
Speaker 2 (01:57):
Exactly.
Speaker 1 (01:58):
Kim talks about them driving practical cars, living
in modest homes.
Speaker 2 (02:02):
Right.
Speaker 1 (02:03):
Even maintaining a minimal digital footprint.
Speaker 2 (02:05):
Precisely Wow.
Take index funds, for example.
Speaker 1 (02:08):
Okay.
Speaker 2 (02:09):
They're not trying to time the market or pick
individual stocks.
Instead, they often opt forthis simpler, more diversified
approach.
Speaker 1 (02:17):
Okay.
Speaker 2 (02:18):
It's like buying a small piece of the entire stock
market, which historically hasyielded solid returns over time.
Speaker 1 (02:24):
Wait, hold on stock market which, historically, has
yielded solid returns over time.
Wait, hold on.
Are you saying that mostfinancial advisors are
incentivized to push productsthat might not be in my best
interest?
Speaker 2 (02:32):
It's not about all advisors being malicious, but
rather understanding theirincentives.
Quiet millionaires recognizethis and are incredibly
discerning about where they seekadvice.
Speaker 1 (02:44):
Okay, that makes sense.
So they're careful about whothey trust, especially regarding
their finances.
But what about their physicalwell-being?
I mean, what good is all thatwealth if you're not healthy
enough to enjoy it right?
Speaker 2 (02:57):
That's such a crucial point Quiet.
Millionaires view their healthphysical, mental and emotional
as the cornerstone of theirwealth.
Speaker 1 (03:05):
Right.
Speaker 2 (03:05):
It's not about vanity .
It's about investing in theirmost valuable asset themselves.
Speaker 1 (03:11):
So it's less about chasing the latest fad diet.
Speaker 2 (03:14):
Yeah.
Speaker 1 (03:15):
And more about creating a sustainable lifestyle
.
You got it.
Speaker 2 (03:18):
Think quality food.
Mm hmm, regular exercise Rightand professional support when
needed, whether it's a personaltrainer or a therapist Right,
it's about investing in theirlong term well-being.
Speaker 1 (03:30):
OK.
Speaker 2 (03:30):
Which allows them to enjoy their wealth for years to
come.
Speaker 1 (03:34):
Instead of blowing it all on expensive medical bills
later on.
Speaker 2 (03:36):
Exactly, they're playing the long game Right,
which extends to their approachto knowledge and learning as
well.
They're not just passivelyscrolling through social media.
Are they Right?
Which extends to their approachto knowledge and learning as
well?
Speaker 1 (03:43):
They're not just passively scrolling through
social media, are they Right?
What are these quietmillionaires reading and
absorbing?
Speaker 2 (03:50):
They are indeed voracious readers, but their
media diet is very intentional.
They're not chasing the latestget rich quick scheme.
They view knowledge, especiallyfinancial literacy.
They view knowledge, especiallyfinancial literacy, as a
compounding asset.
Speaker 1 (04:05):
Okay.
Speaker 2 (04:05):
They want to understand how money works, not
just how to make a quick buck.
Speaker 1 (04:10):
So more Warren Buffett biographies, yeah, and
less how to get rich by 30 typebooks they're catching on
quickly.
Okay.
Speaker 2 (04:17):
They recognize that building lasting wealth requires
a solid understanding offinancial principles.
Speaker 1 (04:22):
Right.
Speaker 2 (04:23):
Not just following the latest trends.
Speaker 1 (04:25):
They're building that solid foundation of knowledge,
but they're also smart enough toknow when to bring in the
experts, right, kim talks aboutthem assembling a team of
trusted advisors.
Speaker 2 (04:35):
Exactly.
They're not afraid to seek outspecialized counsel, accountants
, lawyers, even coaches to helpthem navigate the complexities
of wealth.
They see the value inleveraging expertise to make
informed decisions.
Speaker 1 (04:51):
Instead of relying on that one size fits all
financial advice, they'retailoring their strategy to
their specific needs and goals.
Speaker 2 (04:59):
Precisely, and this focus on intentionality goes
beyond their finances.
You see it in their approach totravel, for example.
Speaker 1 (05:07):
OK, how so?
Speaker 2 (05:08):
They might be globally minded, but they're not
lugging around those massivesuitcases.
Speaker 1 (05:13):
Oh, so they're not like holding up the security
line with a mountain of luggage.
Speaker 2 (05:17):
Right.
Speaker 1 (05:18):
I'm trying to picture this.
Speaker 2 (05:19):
Not quite.
They've mastered the art oftraveling light.
Speaker 1 (05:23):
OK.
Speaker 2 (05:23):
Understanding they can always purchase what they
need upon arrival.
Speaker 1 (05:26):
There's that practical mindset shining
through again.
It's about experiences, notaccumulating stuff.
Speaker 2 (05:33):
Right.
Speaker 1 (05:34):
But here's a question Do they ever indulge?
Sure, I mean, they've earned itright.
Speaker 2 (05:39):
That's a great question.
Speaker 1 (05:40):
Yeah.
Speaker 2 (05:40):
And it gets to an interesting point.
Speaker 1 (05:42):
Okay.
Speaker 2 (05:43):
While they're generally frugal, they're not
afraid to spend money on thingsthey truly value.
Okay Kim actually uses authorRamit Sethi as an example.
Okay Sethi is known for hissimple style Mm-hmm, yet he owns
a sweater worth thousands, wow,because it's made from
incredibly high quality material.
Speaker 1 (06:03):
Wow, I guess you wouldn't know it just by looking
at them.
Speaker 2 (06:06):
Right.
Speaker 1 (06:07):
So it's not about deprivation.
Speaker 2 (06:08):
Exactly.
Speaker 1 (06:09):
But rather making conscious choices about what
they bring into their lives.
Exactly Okay, and thisdiscerning taste applies to
their living spaces as well.
Speaker 2 (06:18):
It does.
Speaker 1 (06:19):
And to favor a more minimalist aesthetic.
Speaker 2 (06:21):
Yes.
Speaker 1 (06:22):
So on.
Are you saying they're allliving in those stark white
boxes with zero personality?
Not necessarily Because I'm notsure I could handle that.
Speaker 2 (06:29):
It's not about following a trend Okay but
rather about creating a spacethat brings them peace, right
and reflects their values.
They choose items thoughtfully,ensuring each piece serves a
purpose and sparks joyThoughtfully, yeah, ensuring
each piece serves a purpose andsparks joy.
Speaker 1 (06:44):
So it's more about curating a meaningful
environment rather than chasingafter some idealized version of
minimalism.
Speaker 2 (06:51):
Right.
Speaker 1 (06:52):
Kind of like their approach to information.
Exactly Speaking of which I'mcurious, what are these quiet
millionaires reading?
Speaker 2 (06:58):
Yeah.
Speaker 1 (07:01):
I'm always up for a good book recommendation.
Speaker 2 (07:02):
Well, you won't catch them with those flashy,
get-rich-quick books.
Remember, they're all aboutbuilding lasting wealth through
knowledge.
Right, they're more likely tobe found with a biography of
someone like Warren Buffett.
They see books as long-terminvestments, sources of wisdom
that pay dividends over time.
Speaker 1 (07:22):
It's like that, saying the more you learn, the
more you earn.
Speaker 2 (07:25):
Exactly.
Speaker 1 (07:26):
They're not just reading about finance, are they?
Speaker 2 (07:27):
You're right.
Their interests are far fromone dimensional.
They're curious about the worldand enjoy conversations that
span a variety of topics.
Speaker 1 (07:37):
Okay.
Speaker 2 (07:38):
They understand that true wealth is about more than
just money.
Speaker 1 (07:42):
Right.
Speaker 2 (07:42):
It's about enriching your life on multiple levels.
Speaker 1 (07:45):
It's about expanding your horizons and engaging with
the world around you, but in theend, it all comes back to time,
doesn't it?
Speaker 2 (07:52):
It does.
Speaker 1 (07:53):
We all have the same 24 hours in a day, absolutely
Okay.
Speaker 2 (07:57):
And quiet.
Millionaires understand theprecious and finite nature of
time.
Speaker 1 (08:01):
Right.
Speaker 2 (08:02):
Perhaps better than anyone.
They see it as their mostvaluable asset, often even more
so than money itself.
Speaker 1 (08:10):
Which is a really interesting concept.
Speaker 2 (08:11):
Yeah.
Speaker 1 (08:12):
We often equate wealth with material possessions
, but for them it seems liketime is the ultimate luxury.
Speaker 2 (08:20):
Precisely.
They're willing to spend moneyto buy back their time, Whether
that's hiring someone to handlehousehold chores, outsourcing
errands or paying a premium forconvenience.
Speaker 1 (08:32):
Because those minutes and hours really do add up.
Speaker 2 (08:35):
They do.
Speaker 1 (08:35):
Yeah, it's about reclaiming that time to focus on
what truly matters.
Speaker 2 (08:39):
Exactly Spending time with loved ones pursuing
passions or simply enjoying thefreedom that comes with
financial security.
Speaker 1 (08:48):
It's about designing a life you don't need to escape
from.
Speaker 2 (08:51):
You got it.
Speaker 1 (08:52):
Okay.
Speaker 2 (08:52):
A life filled with purpose and intention, where
work doesn't feel like a choreand there's ample opportunity to
pursue your passions.
Speaker 1 (09:00):
It's like they've discovered the secret to living
a truly fulfilling life.
Speaker 2 (09:04):
Yeah.
Speaker 1 (09:05):
One where wealth is about so much more than just a
number in a bank account.
Speaker 2 (09:09):
And what's inspiring is that it's attainable, I think
, for anyone willing to put inthe effort.
Speaker 1 (09:15):
Right.
Speaker 2 (09:16):
It's not about hitting the lottery.
Speaker 1 (09:17):
Right.
Speaker 2 (09:18):
It's about making conscious decisions day after
day that compound over time.
Speaker 1 (09:22):
It's about playing the long game.
Speaker 2 (09:24):
Exactly.
Speaker 1 (09:24):
Like those index funds we were talking about.
Speaker 2 (09:26):
Building a solid foundation through financial
literacy.
Speaker 1 (09:29):
Right.
Speaker 2 (09:30):
Smart decision making and a genuine commitment to
personal growth.
Speaker 1 (09:35):
This deep dive has been eye opening Good.
It makes you wonder how we canall incorporate these quiet,
millionaire principles into ourown lives.
Speaker 2 (09:44):
Yeah.
Speaker 1 (09:45):
Where do we even begin?
Speaker 2 (09:46):
You don't have to overhaul your entire life
overnight.
Speaker 1 (09:49):
OK.
Speaker 2 (09:50):
Right, it's not about mimicking their every move.
Speaker 1 (09:53):
Right.
Speaker 2 (09:54):
But rather about internalizing their core values.
Speaker 1 (09:57):
OK.
Speaker 2 (09:57):
Start by asking yourself yeah, what truly
matters to me?
What kind of life do I want tocreate for myself?
Speaker 1 (10:04):
So it's less about the specific tactics and more
about adopting their mindset.
Yes, quiet intentionality.
Speaker 2 (10:12):
You nailed it it's about aligning your actions with
your values.
Maybe that means simplifyingyour lifestyle.
Speaker 1 (10:19):
Okay.
Speaker 2 (10:19):
Prioritizing experiences over material
possessions Right, or becomingmore intentional about how you
invest your time and energy.
Speaker 1 (10:27):
Or, finally, taking charge of your finances,
educating yourself aboutinvesting or seeking out mentors
who can guide you along the way.
Speaker 2 (10:34):
Okay.
Speaker 1 (10:35):
Remember, true wealth encompasses all aspects of life
.
It's about having the financialsecurity to pursue your
passions, the health andwell-being to enjoy those
pursuits, and the freedom tolive life on your own terms.
Speaker 2 (10:50):
This has been an incredible deep dive into the
world of quiet millionaires.
They might not seek thelimelight, but their approach to
wealth and life holds valuablelessons for us all Indeed.
Speaker 1 (11:04):
Perhaps the most important takeaway is that true
wealth isn't about flashydisplays or keeping up with the
Joneses.
It's about aligning your innerand outer worlds to create a
life of purpose, meaning andgenuine fulfillment.
Speaker 2 (11:18):
And who knows, maybe there are some future quiet
millionaires listening right now.
Maybe, Quietly building theirown versions of success.
Quietly but confidently,crafting a life of intention and
abundance.
Speaker 1 (11:28):
Yeah.
Speaker 2 (11:29):
One mindful choice at a time.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Cardiac Cowboys
The heart was always off-limits to surgeons. Cutting into it spelled instant death for the patient. That is, until a ragtag group of doctors scattered across the Midwest and Texas decided to throw out the rule book. Working in makeshift laboratories and home garages, using medical devices made from scavenged machine parts and beer tubes, these men and women invented the field of open heart surgery. Odds are, someone you know is alive because of them. So why has history left them behind? Presented by Chris Pine, CARDIAC COWBOYS tells the gripping true story behind the birth of heart surgery, and the young, Greatest Generation doctors who made it happen. For years, they competed and feuded, racing to be the first, the best, and the most prolific. Some appeared on the cover of Time Magazine, operated on kings and advised presidents. Others ended up disgraced, penniless, and convicted of felonies. Together, they ignited a revolution in medicine, and changed the world.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.