258: Never Get Your Advice From a Millionaire

Published: April 7, 2017, 4 p.m.

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Never get advice from a millionaire. Don\\u2019t get advice on what the view is like from someone half way up the tree, they can only tell you what they think the view is going to be. That\\u2019s why you don\\u2019t want to get advice from someone not even half way there. The problem with the Millionaire Next Door:

1)Think is too small\\u2014There\\u2019s not enough zeros to last you any length of time
2)Conservation mode\\u2014Spend all energy trying to save the million.
3)Math doesn\\u2019t work\\u2014$33,000 a year is no money. You can\\u2019t just quit after making $1 million

When you have a million dollars, you\\u2019re scared. Don\\u2019t be the millionaire next door who is conserving the little pile they have. To make your money last longer than your clock, you need much more than $1 million, so never take financial advice from a mere millionaire!

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