Ryan deconstructs the allure of “financial mirages” like crypto pump-and-dumps and expensive “masterclasses”. We contrast these deceptive shortcuts with the reality of the 79% of millionaires who built wealth through 28 years of consistent, “boring” discipline. The episode highlights how survivorship bias makes outlier successes look common while hiding a “giant graveyard” of failures.

Key Takeaways:

* Invest in Yourself: Prioritize skills with tangible market value; targeted training can provide a massive ROI.

* The 80/15/5 Approach: Keep 80% in stable index funds, 15% in growth, and only 5% in speculative assets.

* Automation is Power: Automated savers save 15% more on average by making saving the default.

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