Be Wealthy & Smart

Learn what habits are supposed to make you a millionaire and which ones really will. Recently I came across an article on habits to become a millionaire. The only problem was, it was so ridiculous it made me laugh! Here are some of the points they said could make you a millionaire: If you make your bed, you're 206% more likely to become a millionaire. Seriously. Make your bed? Hmmm. What else did it say? Well, it didn't recommend any specific financial things to do, but a list of seemingly random things like: *Smile at your neighbors *Wake up early *Read books (but not necessarily financial ones) *Make a to-do list *Work hard *Don't gossip *Talk less *Listen more Seriously! This was the list! This is supposed to be great information to help you become a millionaire? I don't think so. Financial information should help you get ahead, be specific and actionable. Financial literacy is lacking, this is a good example why. Becoming a millionaire isn't random acts, it's specific steps. That's why I coined the "6 Steps to Wealth". It's the step-by-step description. 1. Create a Wealthy Mindset 2. Save a Nestegg 3. Find a Mentor/Knowledge 4. Invest in a Money Engine 5. Compound at a High Rate 6. Protect Your Wealth Hit the subscribe button for instant notice of new podcasts!

Learn the pros and cons of airline credit cards and if they are right for you. Here is the article: https://www.cnbc.com/2018/06/01/before-signing-up-for-an-airline-credit-card-weigh-the-benefits-against-the-cost.html Be sure to subscribe to Be Wealthy & Smart!

Learn why mail fishing crime is on the rise and how to protect your money. According to the NYPD, mail fishing is on the rise and you may not be familiar with how it is happening. This is from an article on CNBC.com: https://www.cnbc.com/2018/05/25/as-computers-get-harder-to-crack-thieves-are-pillaging-mailboxes.html Please subscribe to Be Wealthy & Smart and leave a review!

Learn 3 ways millionaires think differently and how you can apply it to create your wealthy mindset. Be sure to subscribe to the podcast!

Learn how a divorcee spent her $2.5 billion settlement and what mistakes to avoid.

Learn how to avoid common financial scams. Recently I got an email offer to buy a domaine name for $55,000. It was from a Japanese business who said they had a healthy budget to spend and what price did I want? A second email specified how the transaction would take place and mentioned a German escrow account. They mentioned a 5% commission paid for by both parties. They wanted me to pay to them (5% of $55k = $2,750). I don't think so! What a scam. I also heard a scam involving German escrow accounts was going around. I saw there were more scams happening that I wanted to warn you about. There's a common one with real estate. I have an article to share with you about it: https://www.cnbc.com/2017/10/19/scammers-are-conning-home-buyers-out-of-their-down-payment.html Hit the subscribe button for instant notice of new podcasts!

Learn the magic dollar amount of income it takes to be happy. According to a survey, find out how much money it takes to be happy. The article is here: https://www.cnbc.com/2018/05/16/money-can-actually-buy-some-happiness-but-how-much.html Please subscribe and leave a review!

Learn why wealth is within your reach, using my Wealth Building Formula, and why it is NOT about luck. This is the study I disagree with: https://www.pbs.org/newshour/economy/making-sense/analysis-if-youre-rich-youre-more-lucky-than-smart-and-theres-math-to-prove-it Please subscribe to Be Wealthy & Smart and leave a review!

Learn the most common financial regrets of Americans and how to avoid them. I also share my thoughts about the Be Wealthy & Smart podcast over the last 4 years and latest podcast reviews.

Learn how to plan your life like a billionaire. I love talking about the importance of mindset in wealth building. We haven't visited mindset for a long-time, so I thought we would today. Recently I was reading about Amazon founder, Jeff Bezos. He was a successful investment banker who quit his job. Left in the middle of the year and left his big bonus. Jeff talked to his boss about it, who said great idea, but better for someone else who does this stuff not you! Think long-term for your life decisions. He calls it "Regret Minimization Framework". Project your life forward to age 80. Look back on your life. Minimize the regrets in your life. Look back on your life. He wouldn't regret trying to participate in the internet. Wouldn't regret failure. The one thing he would regret is not having tried. That would haunt him every day. Gets you away from the daily pieces of confusion, like leaving his bonus. Think long-term to make good life decisions you won't regret later.