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Mar 4, 2021

For many people, the dream of becoming wealthy seems out of reach. Maybe it’s because you don’t feel like you earn enough or maybe it’s because you come from a modest background.

Whatever the reason, it’s important to realize that wealthy people often have one common trait: they are great savers. Reaching a level of wealth that provides you with security and financial freedom doesn’t require an exorbitant paycheck. Instead, it relies on following a process and delaying your gratification.

On this episode of My Smart Retirement, Sean and Nancy will share the habits that they’ve found successful people routinely follow. These might not be groundbreaking but they do require diligence and consistency. By sticking to a plan, you’re able to reach your goals over time and achieve the financial security that a large nest egg can provide.

These are the only habits that wealthy people possess, but these are ones that everyone can  apply to their own life. Ultimately, we all have to be prudent with our efforts to save for retirement and we do that by putting ourselves in the best position possible. Hopefully this episode will help you do just that.

Check out the full episode or use the timestamps below to hear a specific segment.


What we discuss on this episode:

0:32 – What brings about wealth?

2:19 – Never buy a new car

5:42 – Do not buy houses they can’t afford

8:33 – Credit Cards

11:17 – Stay prudent


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