The Millionaire Insider Podcast

The million-dollar question for people planning their retirement is " When Should I Take Social Security?. " Your decision to take Social Security Income (SSI) can mean a difference of hundreds of thousands of dollars, so it is important to consider the tradeoffs. Today, you will learn the impact of when you take it and how to make better retirement decisions so you can worry less and enjoy life m...

Do you ever feel overwhelmed with your money or want to simplify your finances? Regardless of how much money you have or make, most people at one point feel anxious, worried, or overwhelmed regarding their money. Today, you will learn how to simplify your life and money so you can worry less and enjoy life more.  In this episode, you will learn: >> (3:06) The first critical insight >> (4:15) A sol...

Would you like insight into the number one indicator of your success? The Worth Barometer measures your belief and self-esteem and is the most significant discovery of my 40-year career. It dictates your quality of life and results with money and everything else in your life. Today, we dive into three tips to help you improve your success and Worth Barometer. In this episode, you will learn: >> (4...

Too often, people make estate planning mistakes simply because they don't know what to do or how to do it. Today, we will explore the technical and real-world aspects of creating an effective estate plan. Estate planning includes completing legal documents such as a trust, will, financial and general power of attorneys, medical directives, etc. Depending on the state you live in, additional docume...

A decamillionaire has accumulated a $10,000,000 plus net worth. Last week, we dove into Part 1, "Becoming a Decamillionaire," which included two insights. There were so many huge nuggets in Part 1 that I wanted you to have time between episodes to process them and begin creating your strategy, regardless of your ultimate goal. Today, in Part 2, "The DecaMillionaire Journey," we will explore two mo...

A decamillionaire is someone with a net worth of over $10,000,000. In Part 1, "Becoming a Deca Millionaire," we explore two critical insights into this elite group. The insight you will learn will help you even if becoming a deca millionaire is not your goal. Next week, you will discover two additional insights into the "DecaMillionaire Journey." In this episode, you will learn: >> (4:12) The firs...

Wealthy people make different financial choices. The best news is that you can learn how wealthy people think and what they do. As a result, you can make better financial decisions and improve your financial future. When you know how to make better decisions, you can more easily accumulate money and retain wealth. I have spent over 35 years researching how most millionaires avoid money problems th...

Planning for retirement is crucial to ensure financial stability and a comfortable lifestyle in your later years. In today's episode, you will learn five often missed retirement planning mistakes that can wreak havoc on your golden years. Once you learn these mistakes, you will be able to create a plan to avoid them! Overview of what you will learn in this episode: >> (3:44) The most important rel...

The bag lady syndrome is a fear of many women and a reality for others. In one impromptu survey we conducted, most of the women said they didn't fear the syndrome. Additional research proved that some had not considered various scenarios that could negatively impact them, such as the need and cost of long-term care coverage and losing their spouse's Social Security Benefit when their spouse dies....

Even though most people don't realize it, millions of Americans make avoidable financial mistakes every day, and they don't realize it until it's too late. In today's episode, Sharon J asks me to share some common mistakes anyone could make and how to avoid them. Many of these mistakes have been happening for years and continue today! You will love today's episode if you want to avoid mistakes tha...

For many, the thought of a windfall of money that propels us into the "rich" category is inspiring and motivating. This motivation can propel us to work harder and achieve more. Sometimes, the journey from Rags to Riches is a beautiful blessing. Other times, it is a living nightmare.  Today's episode breaks it down so you can improve the likelihood that your journey to riches will have a happy end...

Achieving financial success involves the right mindset, smart planning, disciplined saving, and wise investing. Today, the podcast will reveal four unknown insights, and the blog will reveal seven additional secrets. In this episode, you will learn: * The pillar that is critical to achieving results * What most people miss  (and why it can be disastrous) * Where to start so you can enjoy life now...

Financial infidelity, though often overshadowed by more overt forms of betrayal, can quietly erode a relationship's foundation. Money lies can be minor or significant, and studies show that most relationships include some level of infidelity with their finances. If you're seeking practical advice on navigating and preventing financial deception in your relationships, this episode is tailored for y...

Overcoming underearning involves a mindset shift, skill development, and strategic actions. Today's insight will help you create a financially secure future. While most people can understand underearning in their career, today, you will learn how people often earn less with their investments. And the best part is that you can start implementing these practical, real-world insights today! In this e...

I have seen over and over again how people acquire money only to lose it. Whether they inherit, earn, or obtain it from the sale of a business, too often, the person loses it all. As the saying goes, "If you can't handle $1, you can't handle $100000000." I have also seen situations where people who receive windfalls create amazing lives and others where it destroys their lives. In today's episode,...

Running out of money is not on most people's bucket list, yet most worry about it. A recent study found that 80% of the interviewees feared running out of money. In another study, people said they were more afraid of running out of money than dying. And it is a reality for many. Studies show that up to 40% of people rely entirely on Social Security for their retirement income. In addition, of thos...

Cultivating good money habits is essential for securing your financial future. Today, we're diving into three uncommon habits that are game-changers. These habits, known by only a few, have the potential to dramatically transform the trajectory of your financial future. We delve into practical and unknown millionaires' habits that you can start applying today! In this episode, you will learn: * Ho...

Retirement planning is a critical piece of your financial plan. While many people understand this, many are uncertain about how much money they need to retire comfortably. The question, "How much money do I need to retire?" often raises more questions than answers. Evaluating your current financial status is essential before determining how much money you need for retirement. Today, we cover the e...

Today is our first anniversary! And we are celebrating you and who you have become on your journey. In this episode, we delve into four life-changing lessons I gleaned from Oprah that not only transformed my life but can also ignite a powerful change in yours! In this episode, you will learn: * What to do when you achieve a major goal * How the answer to the question Oprah asked can change the tra...

Most people would love to improve their financial situation by earning more money, accumulating wealth, and living abundantly. However, this requires aligning thoughts, intentions, and actions. Many people do not have a healthy relationship with money and do not understand the power of manifestation. Their thoughts and feelings about money make it difficult to achieve their financial goals. Today,...

How do some people have so much success with money and life, and others struggle? From afar, success with money appears to have a lot to do with luck. I, too, believed that wealth came from luck – until I witnessed firsthand valuable insight into the lives of millionaires. Sure, some are luckier than others. However, at a core level, their success (like yours) will always increase when you take th...

The FIRE (Financial Independence, Retire Early) movement is a lifestyle movement to achieve financial independence and retire early. It emphasizes saving for retirement, frugality, and investing wisely to accumulate enough wealth to sustain living expenses without traditional employment. The term FIRE came from a 1992 book by Joe Dominguez and Vicki Robin called "Your Money or Your Life." The book...

Many of us are curious to discover how wealthy individuals continue to grow their wealth. What secret wealth-building and investment strategies do millionaires know that the rest of us don't? Building wealth is a process that includes multiple components and options. Some are more obvious, like creating a financial plan, setting up a retirement account, and saving and investing money. However, oth...

Most of us have made a financial mistake. Some people make mistakes, learn from them, and then get on to achieving their financial goals. Others continue to repeat financial mistakes and end up in financial ruin. Today, you will learn 13 of the most common financial mistakes and how to avoid them to secure a financial future and retirement you love. In this episode, you will learn: * The first and...

Think about how sudden wealth occurs – one day, your life is good, and the next day, you are wealthy – in an instant, your life changes forever. For many, money appears to be the answer to their prayers. And for some, it is, but for others, it is not. Today, you will learn what you can do to plan for an inheritance, divorce, or retirement so you don't blow your windfall like so many. In this episo...