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October 18, 2024 3 mins

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What if the key to becoming a millionaire was hidden in the ordinary routines of everyday people? Get ready to be inspired by the incredible tales of unexpected wealth builders like a frugal school janitor and a barista with a knack for dog walking. These are not stories of overnight success, but of patience, consistency, and clever thinking. We unwrap how these unassuming individuals turned mundane jobs and side hustles into financial empires, emphasizing the magic of small, consistent investments and the life-changing power of living within one's means.

Join us on a journey to discover the untapped millionaire potential that lies within us all. Uncover how ordinary decisions could lead to extraordinary financial freedom, whether it's through wise investing or transforming a passion into a profitable venture. As you listen, you'll learn the valuable lessons of prioritizing long-term financial goals and embracing the gradual growth of compound interest. So, what everyday opportunity in your life might be your ticket to wealth? Tune in and start your transformation today.

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Speaker 1 (00:00):
Ever heard of like a millionaire janitor.

Speaker 2 (00:02):
Uh-huh Right.
Sounds kind of crazy, doesn'tit?

Speaker 1 (00:04):
Yeah, but that's what we're diving into today how
everyday folks buildextraordinary wealth.

Speaker 2 (00:10):
It's a fascinating concept really, Like we all
dream of financial freedom, butthen we hear millionaire janitor
.
And well, it makes you wonder,you know.

Speaker 1 (00:18):
Makes you think maybe there's more than one path to
success.

Speaker 2 (00:21):
Exactly, and that's what's so compelling about this
book the Millionaire Janitor.
It dives into the lives ofthese well unassuming
individuals who built wealththrough honestly some pretty
clever methods, and that's whatwe're getting into today.

Speaker 1 (00:35):
They're silent strategies.
What kind of jobs are wetalking?
Are we talking teachers?

Speaker 2 (00:40):
mechanics.
We're talking all sorts, youname it, Teachers, mechanics,
even yeah, you guessed itjanitors.

Speaker 1 (00:45):
Okay, so no get rich quick schemes here, right?

Speaker 2 (00:48):
Not at all.
This is about long-term, likereally long-term planning and
discipline.
One example that comes to mindis the school janitor.
They consistently invested partof their paycheck every single
paycheck into these thingscalled low-cost index funds.
Did that for decades.

Speaker 1 (01:04):
Now I got to be honest.
Low-cost index funds sounds alittle intimidating to someone
like me.
Can you break that down?

Speaker 2 (01:11):
It's simpler than it sounds.
Think of it like a big basketof stocks okay Representing a
bunch of different companiesInvesting in an index fund.
It's like you're buying a tinysliver of all those businesses.
Okay and low cost.
That just means the fees aresuper low compared to other
fancier funds.
This janitor they understoodslow and steady wins the race.

Speaker 1 (01:32):
Smart choices, consistency that's really what
we're talking about then.
Huh, Got any more examples forus.

Speaker 2 (01:37):
Ooh, yeah, okay.
How about a barista who loveddogs started a dog walking side
hustle in their free time?
Turned out, they were amazingat it, built it into this whole
business.

Speaker 1 (01:48):
No way.

Speaker 2 (01:49):
Yeah, and eventually they were making way more for
the dog walking than theiractual job.
So they get this.
They retired early.

Speaker 1 (01:56):
No, that's the dream.
It's inspiring, you know, makesyou realize you can turn a
passion into something more.

Speaker 2 (02:00):
Absolutely, and it's something a lot of us could do
right.
So okay, if we had to like sumup what this book is really
about.
What are the big takeaways?

Speaker 1 (02:08):
Yeah, what are the key lessons?
We can all learn?

Speaker 2 (02:11):
Living within your means.
That's a big one.
It's not about being cheap.
It's more like be smart,prioritize what matters,
especially your long-termfinancial goals.
A lot of these folks theydelayed gratification, you know
invested instead of splurging.

Speaker 1 (02:25):
Makes sense right Play the long game Exactly.

Speaker 2 (02:27):
And don't think you need a ton of money to get
started.
You don't.
It's about consistency.
Small amounts, consistentlyinvested grow like crazy over
time.
It's kind of like magic reallyhow it all compounds.

Speaker 1 (02:41):
Compound interest.
Got to love it.
I think what's so inspiringabout these stories?
It's about recognizing that,hey, maybe we all have a chance
to build wealth.
Just got to look for thoseeveryday opportunities, like
that barista with their dogwalking.

Speaker 2 (02:52):
Exactly, it's about unlocking the millionaire
janitor potential within all ofus.

Speaker 1 (02:57):
That's a great way to put it.
So, listeners, what seeminglyordinary thing in your life
could actually be your ticket toextraordinary financial freedom
?
Think about it.

Speaker 2 (03:08):
The possibilities are endless.

Speaker 1 (03:11):
That's all the time we have for today's Deep Dive.
We'll see you next time.
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