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April 11, 2025 12 mins
Think becoming a millionaire is rocket science? Think again.

In this myth-busting and motivating episode, we break down 9 millionaire habits that are surprisingly simple — and totally doable. These aren’t flashy hacks or get-rich-quick schemes. They’re practical, proven wealth-building habits that everyday millionaires quietly follow while the rest of the world scrolls.

We’re talking:
📚 Reading and self-education to outgrow average thinking
💼 Multiple income streams that work while they sleep
🧾 Budgeting, debt-avoidance, and money management mastery
🎯 Goal-setting, business ownership, and real productivity over “rich looks”
⚠️ Avoiding the trap of shortcuts — because slow and steady wins this race

Plus: Bonus insights on vision-building, leadership, and the one mindset shift every future millionaire needs to make.

💡 Want real financial freedom? Start by becoming the version of you who earns it.

🎧 Hit play — then follow the show, drop a review, and share this with someone who’s got the hustle… but needs the blueprint.



Become a supporter of this podcast: https://www.spreaker.com/podcast/life-hacks-diy-more-transform-your-everyday-with-simple-tricks-and-diy-magic--5995484/support.
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Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You ever wonder about those people, the ones who seem

(00:03):
to just like effortlessly achieve incredible success. And we tend
to think it's all about some brilliant invention or striking
it rich, or being in the right place at the right.

Speaker 2 (00:13):
Time, right right, like some big, splashy, headline grabbing moment.

Speaker 1 (00:16):
Exactly. But what if, and stick with me here, what
is the real key? Is like, way more subtle. What
if it's about these everyday habits, things that seem almost
boring in their simplicity. I've been digging into the lives
of self made millionaires, you know, really trying to understand
what sets them apart, and one thing that consistently pops

(00:38):
up is their approach to reading.

Speaker 2 (00:40):
Oh interesting, Yeah, you don't always hear that highlighted I know, right.

Speaker 1 (00:43):
But it's wild. I mean, we're not talking about casually
flipping through magazines. These folks are devouring books like multiple
books a month, some even a book a week. It's
mind blowing.

Speaker 2 (00:53):
Wow, that's a serious commitment to knowledge. Makes you wonder
what they're getting out of it that maybe the rest
of us aren't.

Speaker 1 (00:59):
Exactly. And here's the thing. It's not just about escaping
into fantasy worlds. Although hey, I love a good novel
as much as the next person, but the reading habits
of these successful folks lean towards the practical leadership, business strategy,
personal development, that kind of stuff. They're actively building a
mental toolkit.

Speaker 2 (01:18):
I guess you could say, hmm, like constantly adding new
skills and knowledge to their arsenal.

Speaker 1 (01:23):
Yeah, precisely. I mean, think about someone like Warren Buffett.
He's legendary for spending the majority of his day reading,
and apparently early in his career the amount he read
daily was just insane.

Speaker 2 (01:33):
It's like they're building this incredible internal library, constantly referencing
and cross referencing ideas to make connections the rest of
us might miss. I guess it makes sense. The more
you know, the better equipped you are to spot opportunities
and navigate challenges.

Speaker 1 (01:47):
For sure, And it strikes me as really proactive. You know,
they're not waiting for information to just come to them.
They're out there seeking it out, actively digging for insights
they can use.

Speaker 2 (01:58):
Absolutely, it's like they're not content to just react to
the world around them. They want understand it, shape it
be a few steps ahead.

Speaker 1 (02:04):
Which brings up another fascinating pattern. I noticed how they
approach income. They don't just settle for a single source.
It's like they have this inherent understanding that relying on
one stream of income, well, it's just too risky.

Speaker 2 (02:19):
Oh yeah. Diversification it's a fundamental principle in investing, and
it seems to apply to their overall approach to earning
money as well totally.

Speaker 1 (02:28):
And they go about it in a couple of ways. First,
there's passive income. It's all about having your money work
for you.

Speaker 2 (02:34):
Ah, so things like interest from investments, rental income from properties,
royalties from creative work, that sort of thing exactly.

Speaker 1 (02:41):
It's like building a safety net. But it's also about
allowing wealth to grow naturally without constantly needing to trade
your time for it.

Speaker 2 (02:48):
And then there's active diversification, right, taking on side hustles,
building online businesses, maybe offering consulting services, basically creating multiple
avenues for generating income.

Speaker 1 (02:58):
Right, They're all exploring, always looking for new ways to
add to the mix. It's like they have this internal
radar for opportunity and they're not afraid to act on it.

Speaker 2 (03:08):
It's almost like they have this intrinsic understanding of how
money flows, and they're figuring out how to tap into
those currents regardless of what's happening in the economy.

Speaker 1 (03:16):
Yeah, and this financial awareness seems to naturally flow into
how they manage their money. They're not just winging it.
It's all about having a clear, well thought out budget,
knowing exactly what's coming in and going out.

Speaker 2 (03:28):
It's that sense of control, isn't it Not necessarily about
being a penny pincher, but having a firm grip on
their financial landscape so they can make deliberate choices about
their spending precisely.

Speaker 1 (03:39):
And this leads to a broader financial acumen. It goes
beyond simply balancing a checkbook. They're actively learning about financial systems,
understanding the bigger picture. And surprisingly they're incredibly tax savvy.

Speaker 2 (03:52):
Oh yes, financial intelligence. It's a key differentiator. They understand
that staying ahead means staying informed about tax strategy, use,
investment vehicles, and all the intricacies of how money operates
on a larger scale, and.

Speaker 1 (04:05):
It can be a real eye opener. I mean, you
hear about those huge corporations raking in billions, yet somehow
managing to legally pay almost nothing in taxes. Some even
end up getting refunds. It's wild.

Speaker 2 (04:18):
It really highlights the complex world of finance and tax
law and how savvy individuals and corporations can navigate those
systems to their advantage.

Speaker 1 (04:26):
It's almost like a whole other language, right, But it
interscores that financial literacy can be a huge asset, whether
you're running a global company or just managing your own
personal finances. Now, in stark contrast to this active approach
to income and managing money, there's this interesting aversion to debt.
It's almost like they see unnecessary debt as a weight
holding them back.

Speaker 2 (04:46):
Yes, avoiding debt, especially the kind that doesn't build towards
long term assets, seems to be a common thread. They
prioritize buying things outright whenever possible, often choosing to pay
with cash to avoid those interest charges.

Speaker 1 (04:59):
It's interesting because is our society pushes credit so hard
It's almost like it's become the norm to be in debt.

Speaker 2 (05:05):
Right, But when you consider the long term impact of
those interest payments, it's easy to see how a debt
free approach can significantly speed up your financial progress.

Speaker 1 (05:15):
It's like they're playing the long game, setting themselves up
for greater financial freedom and security down the line. It's
a different mindset, that's for sure. Now shifting gears a bit,
It's fascinating how these big, impressive financial achievements often come
down to well, pretty mundane habits. Oh like what things
like setting clear daily and weekly goals. It's about breaking

(05:36):
down those big ambitions into manageable chunks, you know, staying
focused and building momentum.

Speaker 2 (05:43):
Absolutely, it's that classic principle of eight the elephant, one
bite at a time. By setting those short term goals,
you're creating a clear path forward and you're less likely
to get overwhelmed by the sheer scale of what you're
trying to achieve.

Speaker 1 (05:55):
Exactly, And I love that they don't just set any
old goals. They're really deliberate about prioritizing the tasks that
will have the biggest impact, you know, making sure they're
spending their time and energy on what truly matters. Now
here's a concept that really resonated with me. It's about
the difference between acting rich and being productive.

Speaker 2 (06:14):
Ooh, that's a good one. Tell me more.

Speaker 1 (06:17):
Well, it seems like the focus isn't on outward displays
of wealth. It's not about keeping up with the jones
Is or buying fancy things just to show off. It's
more about understanding the underlying drivers of wealth. It's about
being productive, creating value, and investing strategically. It's like they're
focused on building something substantial, not just flashing cash.

Speaker 2 (06:38):
Right. It's about creating a sustainable foundation for wealth, not
just the fleeting satisfaction of conspicuous consumption. It's interesting studies
have shown that a good chunk of luxury car buyers
aren't actually millionaires. It really makes you question our assumptions
about what wealth looks like.

Speaker 1 (06:53):
Right. It's like the old saying don't judge a book
by its cover. Real wealth often goes much deeper than
the surface, Which brings us to this really interesting framework
called the cash flow quadrant developed by Robert Kiyosaki.

Speaker 2 (07:04):
Oh Yes Kiyosaki's quadrant. It's a powerful tool for understanding
how people earn money and the different paths to financial success.

Speaker 1 (07:12):
Exactly so, it basically divides income generation into four categories employee,
self employed, business owner, and investor. The idea is that
the employee and self employed are primarily trading their time
and skills directly for income, while the business owner and
investor have systems or assets working for them.

Speaker 2 (07:31):
And the key insight I think is that those who
achieve significant financial success often shift their focus towards those
business owner and investor quadrants. They're creating businesses that generate
income even without their constant direct involvement. Or they're investing
their capital to create more wealth.

Speaker 1 (07:47):
Yeah, and what's really cool is that you can align
your passions with wealth creation. I imagine you know someone
who loves to teach and builds successful online course based
on their expertise. They're making a living doing what they
love and building a business that can potentially scale beyond
their own time constraints. Now, with all this talk about

(08:07):
building wealth and achieving financial goals, it's easy to get
caught up in the idea of quick wins, you know,
overnight success. But another crucial habit.

Speaker 2 (08:15):
Is patients patience. Oh, it's so important. Those who truly
build lasting success tend to reject those get rich quick schemes.
They understand it's a marathon, not a sprint.

Speaker 1 (08:26):
Totally, and it's not just about waiting for things to happen.
It's about having a long term vision and consistently working
towards it, even when progress seems slow.

Speaker 2 (08:34):
A lot of those who reach significant financial milestones do
so later in their careers, often around the age of
fifty or so. It's about playing the long game, being disciplined,
and trusting the process.

Speaker 1 (08:44):
Which I think is a really important reminder for all
of us, no matter what our goals are, success takes time,
It takes dedication, and it takes the willingness to keep
going even when it's tough. Now, underpinning all of these
habits there seem to be a distinct mindset what some
call the millionaire mindset.

Speaker 2 (09:01):
Oh yeah, the mindset that's where it all starts. It's
the foundation for everything else. It's about having a clear
vision for your life, a vision that goes beyond just
accumulating wealth. It's about understanding your deeper why right.

Speaker 1 (09:15):
It's about having a sense of purpose or reason to
get out of bed in the morning that goes beyond
just chasing dollars. And it's about being passionate about what
you do, aligning your work with your values and interests.

Speaker 2 (09:26):
Absolutely, And it's about being a problem solver, seeing challenges
not as obstacles but as opportunities for growth and innovation.

Speaker 1 (09:33):
I love that it's about embracing challenges, learning from them,
and coming out stronger on the other side. And a
key part of this mindset seems to be about developing
strong leadership skills, not just leading others, but leading yourself.
Being disciplined, focused and resilient.

Speaker 2 (09:49):
Yes, and a willingness to continuously grow and learn. That
includes being open to feedback, seeking out mentors, and never
stopping the learning process. The world is constantly changing, and
those who thrive are the ones who are adaptable and
eager to learn new things.

Speaker 1 (10:04):
And you know, it really struck me. It's this idea
of shifting from acting successful to being successful. It's not
about putting on a facade of wealth or achievement, but
about cultivating the internal qualities, the mindset, the character of
a successful person. It's about becoming someone who naturally takes
positive action and creates positive results.

Speaker 2 (10:26):
That's it. It's about becoming someone who has the inner resources,
the skills, the knowledge to make a real difference in
the world. It's about more than just what you acquire,
It's about who you become in the process.

Speaker 1 (10:37):
And you know, it makes me think of people like
Bill Gates. I mean Yeah, he's incredibly wealthy, but he's
also using his wealth and influence to tackle some of
the world's biggest challenges. It's about leaving a legacy that
goes beyond just financial success.

Speaker 2 (10:49):
Absolutely, it's about becoming a person of positive impact, someone
who makes the world a better place.

Speaker 1 (10:54):
So let's take a step back and consider everything we've explored,
the power of consistent in depth learnarning, diversifying inteme streams,
managing your money, mindfully developing financial intelligence, staying away from
bad debt, setting clear goals and focusing on high impact activities,
prioritizing productivity over appearances, Understanding how different people generate income,

(11:16):
embracing the virtue of patients, and cultivating that growth oriented,
solution focused mindset.

Speaker 2 (11:22):
It's a lot to take in, but it paints a
really compelling picture of what it takes to achieve lasting success,
not just financially, but in all areas of life.

Speaker 1 (11:31):
It really makes you think, doesn't it. Of all these
habits we've discussed, which one resonates most strongly with you
right now? And what's one small step you can take
today to start incorporating it into your own life. Maybe
true wealth isn't just about the number in your bank account,
but about the journey of personal and intellectual growth, the
continuous process of becoming the best version of yourself.

Speaker 2 (11:52):
That's a powerful thought to leave our listeners with. It's
about recognizing that success is a journey, and it's a
journey that we all have the power to embark on.

Speaker 1 (12:00):
Absolutely, and as always, we're excited to you on this
journey with you. Thanks for joining us for this deep
dive
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