Published On Dec 12, 2023
Episode #479
Don’t strive to become rich. Instead, become a “quiet” millionaire like Tae Kim, the “Financial Tortoise.” You’ve seen the flashy cars, fancy champagne, and private jets of the online financial “gurus.” Then, like clockwork, you see these same people lose their wealth, go bankrupt, or disappear from the online world entirely. What happened to them, and where did all the “riches” go?
In today’s show, we talk to Tae about the slow, steady, unsexy way to build wealth and become a millionaire that most Americans will never understand. It’s far less risky than gambling your money away, day trading, or going high-leverage on risky real estate. Instead, you can sleep like a baby every night, knowing you have hundreds of thousands in the bank, millions in investments, and enough money to chase your dreams IF you follow Tae’s advice.
Tae’s path to wealth wasn’t complicated, but he did make a handful of money mistakes you won’t want to repeat. After paying off over six figures in debt, Tae now serves as the financial hero we need but don’t deserve, teaching EVERYONE why the slow, quiet way to wealth is the smartest, most sustainable way to truly become “rich.” If you want to quit your job, do what you love, and live every day on YOUR schedule, stick around!
Show Notes at:
https://link.chtbl.com/Money
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Books Mentioned in Today’s Show:
The Psychology of Money: https://store.biggerpockets.com/produ...
Rich Dad Poor Dad: https://store.biggerpockets.com/produ...
The Simple Path to Wealth: https://www.amazon.com/Simple-Path-We...
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10 Life & Money Lessons From Broke Financial Gurus:
• 10 Life & Money Lessons From Broke Fi...
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Connect with Tae:
Newsletter: https://www.financialtortoise.com/new...
Website: https://www.financialtortoise.com/
YouTube: / taekimfinancialtortoise
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Finance Friday: https://www.biggerpockets.com/finance...
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Scott: https://www.biggerpockets.com/users/s...
Mindy: https://www.biggerpockets.com/users/m...
00:00 Intro
01:05 $105K in Debt to Personal Finance Genius
05:32 Trying to Mimic the "Rich"
08:31 The "Quiet" Millionaire
16:39 Quitting His Job
24:21 Why Financial Gurus Go Broke
29:51 Define Your "Enough"
33:05 What Tae Invests In
36:36 Advice for New Investors
38:45 Connect with Tae!
39:43 Be a Financial Tortoise!