Quick Cut: S2E233 The One Decision That Makes a Millionaire

It's a Good Life

Brian Buffini

Business, Entrepreneurship, Life, Good, Entrepreneur, Coaching

4.4 • 2.4K Ratings

🗓️ 10 October 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Many people dream of becoming a millionaire, but they have no idea how to go about it. In this special replay episode, Brian shares what he’s learned on his journey to building a fortune, including the one vital decision he made when he set out to grow his wealth.

YOU WILL LEARN:

· Why patience pays off.

· Five powerful tips to get started.

· Timeless advice on investing.

MENTIONED IN THIS EPISODE:

“What Every Real Estate Investor Needs to Know About Cash Flow,” by Frank Gallinelli

NOTEWORTHY QUOTES FROM THIS EPISODE:

“We’re spending money we don’t have on things we don’t need to impress people we don’t know.” – Brian Buffini

“Don’t wait to buy real estate. Buy real estate and wait.” – Will Rogers

“90% of all millionaires become so from owning real estate. More money has been made in real estate than in all industrial investments combined.” – Andrew Carnegie

“The best type of real estate in the world is owned free and clear.” – Brian Buffini

“You’re only as good as the people you do business with.” – Brian Buffini

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Transcript

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0:00.0	Welcome to It's a Good Life with Brian Baffini, founder of America's largest business coaching company.
0:10.0	Here's a short classic cut from one of our all-time favorite episodes.
0:15.0	The title of today's podcast is The One Decision that makes a millionaire. This is not just
0:25.4	something I've studied, this is not just something I've read about which I have.
0:29.0	This is something I've lived in my own life. I've been a millionaire since I was 26 years of age.
0:35.1	And so I want to share with you. There's some great principles here that I want to help you.
0:39.6	So we work hard, we work in our business, we make it grow, we control the expenditures, we create a
0:44.1	surplus and then a surplus we ultimately use to turn into the fortune.
0:48.9	That's kind of what I'm talking about today.
0:50.4	And I know full well that the majority people listening to this today
0:54.5	may have some financial difficulties or challenges but I want to paint a picture of
0:58.6	where you can get there if the son of a house painter from the south side of
1:01.7	Dublin can build himself a fortune 30 years ago
1:05.8	and build it up and create it that it becomes generational.
1:09.2	Anyone listening to this can.
1:11.3	So let's take a look at the state of the union. So the average retirement
1:14.9	age in the United States right now is 63. So the game's changed. It used to be 50, then it went to
1:20.1	55. Now how are they doing? Well, the median saved amount, the average amount saved is
1:26.3	17 grants. So it means most people are not in a position of retire. One in three people
1:32.0	has saved zero dollars for retirement according to Money magazine.
1:36.1	Now I want you to think about this.
1:37.7	The United States is the richest country in the history of humankind.
	...

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