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Around the Internet => Mustachianism Around the Web => Topic started by: Linea_Norway on April 06, 2019, 07:34:21 AM

Title: Afford Anything podcast about everyday millionaires
Post by: Linea_Norway on April 06, 2019, 07:34:21 AM: This FI podcast explains so well how Mustachianism/becoming rich works.

Being intentional about it and consistent over time. Be allergic to debt. Be a hard worker. Make save investments.

Afford Anything: The biggest study of everyday millionaires in 25 years - with Chris Hogan https://affordanything.com/episode171

This is my favorite FI podcast episode so far.
Title: Re: Afford Anything podcast about everyday millionaires
Post by: neonlight on April 06, 2019, 09:57:03 AM: Quote from: Linea_Norway on April 06, 2019, 07:34:21 AM
This FI podcast explains so well how Mustachianism/becoming rich works.

Being intentional about it and consistent over time. Be allergic to debt. Be a hard worker. Make save investments.

Afford Anything: The biggest study of everyday millionaires in 25 years - with Chris Hogan https://affordanything.com/episode171

This is my favorite FI podcast episode so far.

Thanks, gonna download it :)
Title: Re: Afford Anything podcast about everyday millionaires
Post by: clarkfan1979 on April 07, 2019, 11:55:09 AM: Quote from: Linea_Norway on April 06, 2019, 07:34:21 AM
This FI podcast explains so well how Mustachianism/becoming rich works.

Being intentional about it and consistent over time. Be allergic to debt. Be a hard worker. Make save investments.

Afford Anything: The biggest study of everyday millionaires in 25 years - with Chris Hogan https://affordanything.com/episode171

This is my favorite FI podcast episode so far.

I found value in the podcast. It's basically an updated version of the millionaire next door book. Chris tries to talk about how it's different. However, the data seems very similar to the original book. That might make it more difficult for him to sell more books, but I think there is value in knowing that very little has changed on the formula to getting to 1 million.

My biggest criticism of the podcast is that I feel like he misrepresented the educational statistic. If I remember correctly, 92% of the millionaires had a 4-year degree or higher. He followed it up with a comment talking about how you don't need a 4-year degree to get to 1 million. While that is technically true, if 92% of millionaires have at least a 4-year degree, I think it shows that having a 4-year degree is very important.
Title: Re: Afford Anything podcast about everyday millionaires
Post by: nick663 on April 21, 2019, 09:57:02 AM: Wasn't there criticism of this study as it was done in Dave Ramsey circles and subject to some serious group think?