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#462: As a society, we\u2019re fascinated by stories of the rich. We hear news, see social media posts, and read books about how others become wealthy, how to maintain that status, and what their lifestyles look like.\nBut what if the media we\u2019re consuming is misleading us?\nDr. Seth Stephens-Davidowitz\u2019s research shows that the stories about the rich that dominate the popular press are misleading.\nStephens-Davidowitz holds a PhD in economics from Harvard University. He\u2019s a data scientist and a New York Times bestselling author.\xa0\nIn today\u2019s episode, we discuss the misleading stories around the rich. We unearth the truth behind those stories, using data rather than narrative.\xa0\nWe explore the types of businesses that quietly make people millionaires. We describe the ages, occupations and locations of people that become rich, and the unexpected paths they take to achieve this. And we share actionable takeaways that will help you do the same.\nDiscussion as of September 2023:\n01:38: Who gets secretly rich?\n02:18: The kind of protection you need if you want to be rich\n04:10: The number one way to become a millionaire\n08:44: What is takes to be a successful entrepreneur\n09:19: The detrimental impact of some stories\n12:48: The worst kind of businesses\n17:14: Who makes up the best entrepreneurs?\n21:18: Increase your luck surface area\n27:57: How to revolutionize a field\n30:37: The ACTUAL path to entrepreneurial success\n32:08: The role of duration neglect in decision making\n\nFor more information, visit the show notes at https://affordanything.com/episode462\nLearn more about your ad choices. Visit podcastchoices.com/adchoices