The Psychology of People Who Become Millionaires
Codie Sanchez breaks down six money mindsets that hold people back from wealth, arguing psychology matters more than skill or luck.
The gist
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Active traders underperform the market by 7% annually, so Sanchez recommends signing a 12-month commitment contract to one strategy.
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Start facing your finances with a five-minute truth session reviewing your bank account, credit card statement, and spending each day.
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Oversaving in low-yield accounts lets inflation shrink your wealth, so Sanchez suggests investing $100 for 90 days to break the habit.
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Calculate six months of basic living expenses and automate transfers toward that amount as your escape fund from a job you feel stuck in.
Codie, This Week in Startups, Ali and TBPN agree on 20 things
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Atomic Habits
· "There's a wild story about this guy, James Clear. He's known for writing one of the bestselling books of..."
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Main Street Millionaire
· "Maybe it's 47 bucks to go to Main Street Millionaire. Maybe it's 47 bucks to buy a couple books and learn..."
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