Over the years, I’ve conducted interviews with countless millionaires in pursuit of insights from their experiences and wisdom.
I’ve shared these as Millionaire Interviews, highlighting my unique questions alongside their answers.
After conducting a few hundred interviews, it became clear that there was remarkable insight within many of the questions I posed, particularly when the answers from various interviewees are compared sequentially.
I’ve chosen to showcase these insights here on ESI Money in my Millionaire Wisdom series.
Keep in mind that not all millionaires responded to every question, and I occasionally altered the questions, which is why not every millionaire appears in the list below.
Today, we progress with the series (see part 1 here to kick off the series) featuring millionaires responding to the following inquiry:
What guidance can you offer ESI Money readers on achieving wealth?
Here are their insights…
I believe I’ve addressed it fairly thoroughly above, but I would say this: increase your income, purchase (or rent) a sensible home, begin investing immediately, and monitor your finances.
Everyone has the potential. Fortune favors the daring (in whatever manner you define it). You’ll find tales from all backgrounds. There are numerous paths to success, but nothing surpasses your own tenacity and resolve. You need to commit deeply to achieving wealth by whatever standards you set for it.
The FIRE movement has taught me the most. Influencers like The Mad Fientist (Brandon), Financial Mentor (Todd Tresidder), Retirement Manifesto (Fritz Gilbert), and ESI Money (John) are just a few examples.
Ultimately, no one can instill a “desire” in you. For whatever reason, only you can determine what you truly want from your life.
For me, it has always been about the capacity to provide for myself, make my own choices, and tread a delicate balance between having enough and having too much. Resisting the urge to overextend yourself isn’t as straightforward as it may seem.
Begin with small steps – automating savings is simpler than ever in today’s landscape.
Arrange for money to be withdrawn from your account on payday. Never touch that money – whether it’s $25 or $250, set it aside. Consistently doing this is the clearest route to financial independence.
The influential book for me was Think and Grow Rich
. I had just completed law school and was starting my career when I encountered it, and it profoundly influenced my mindset. I understood that to achieve wealth, I needed to reset my mental framework and adopt a broader vision.
Connect with individuals you admire who have achieved success and strive to absorb as much knowledge as possible from them.
Always maintain a long-term perspective.
Be disciplined in forming good habits and purposeful with your time. Do whatever it takes to remain inspired.