Be Wealthy & Smart

186: What Multi-Millionaires Talk About With Their Friends


Listen Later

Learn what multi-millionaires talk about with their friends.

Have you checked out the Creating Wealth podcast yet with Jason Hartman? It's full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod

I'm on vacation with friends in Huntington Beach, CA.

Saw a random post on FB about someone who wanted to hang out with people that have a higher net worth. I believe it was in regard to Jim Rohn's comment that your income is the average of the 5 people you hang out with - with a twist to net worth.

It made me realize I'm here with 4 other multi-millionaires.

One owned a famous blue jeans company frequently worn by celebs, one is an apartment landlord, two own many houses in at least 4 states. They have all lived near me in Palm Springs at one time or currently do.

I didn't even think about our net worths consciously before I saw the post.

Our conversation has been very financial this whole trip.

Discussing whether or not RE is in a bubble? Looking at RE to buy, walking the best neighborhoods, getting educated about the area. Talking to a random City Council member about real estate. Shopping at Nordstrom Rack (a "Millionaire Next Door" typical move).

"Once you leave Orange County, CA, you can't afford to get back in. Homes went up 30 times over."

Investing choices, cities, rentals, apartments, houses, stocks, silver, art, the Federal Reserve, financial crises, bubbles, etc.

These are all things we routinely discuss in the VIP Experience.

You don't have to hang out with multi-millionaires, but you should be thinking about these 5 questions:

1. Do your friends have a similar net worth to yours?

2.What do you spend your time talking about?

3. Do you do investment research on an everyday consciousness basis?

4. What net worth do you want to achieve?

5. Do you allow yourself to dream and not let "reality" stop you?

www.lindapjones.com

...more
View all episodesView all episodes
Download on the App Store

Be Wealthy & SmartBy Linda P. Jones

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

871 ratings


More shows like Be Wealthy & Smart

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,705 Listeners

Money Girl by QuickAndDirtyTips.com

Money Girl

1,854 Listeners

Money For the Rest of Us by J. David Stein

Money For the Rest of Us

1,353 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,853 Listeners

The Stacking Benjamins Show by Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

The Stacking Benjamins Show

1,993 Listeners

So Money with Farnoosh Torabi by Farnoosh Torabi

So Money with Farnoosh Torabi

1,957 Listeners

Sound Retirement Radio by Jason Parker

Sound Retirement Radio

449 Listeners

Retirement Starts Today by Benjamin Brandt CFP®, RICP®

Retirement Starts Today

535 Listeners

Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

Stay Wealthy Retirement Podcast

696 Listeners

Earn & Invest by Jordan Grumet (Doc G)

Earn & Invest

450 Listeners

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing by DIY Money

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

883 Listeners

Bitcoin News Alerts | Daily BTC Macro Signal by Bitcoin News Alerts

Bitcoin News Alerts | Daily BTC Macro Signal

602 Listeners

The Personal Finance Podcast by Andrew Giancola

The Personal Finance Podcast

1,417 Listeners

The Rob Berger Show by Rob Berger

The Rob Berger Show

207 Listeners

Money Rehab with Nicole Lapin by Money News Network

Money Rehab with Nicole Lapin

1,653 Listeners