How To Get Wealthy: Science Reveals Secrets Of The Rich | William Danko, The Millionaire Next Door

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Dr. William Danko, author of the best-selling books The Millionaire Next Door: The Surprising Secrets Of America's Wealthy & Richer Than A Millionaire: A Pathway To True Prosperity, reveals the best practices for building wealth and growing rich derived from his decades-long research of high-net worth and high-income millionaires. Personal finance gurus like Dave Ramsey and Suze Orman leveraging these insights all the time in their work.

If you truly want to become and stay wealthy, then listen up.

The Millionaire Next Door is a long-time best selling book, written by two PhD’s who spent decades researching the behaviors of thousands of millionaires.

Their work reveals that there is indeed a scientifically-derived approach to financial success.
If you have the commitment & discipline to follow it through, your odds of enjoying financial abundance, as well as true quality of life, are very high.

So what are these key success factors for building wealth? And how do they apply today?

William Danko, the book’s surviving co-author, sits down with us to generously shares the key insights from his rigorous research.

Here are his top takeaways from his study of those who successfully become millionaires and grew their wealth:
1. They live well below their means.
2. They allocate their time, energy, and money efficiently, in ways conducive to building wealth.
3. They believe that financial independence is more important than displaying high social status.
4. Their parents did not provide economic outpatient care.
5. Their adult children are economically self-sufficient.
6. They are proficient in targeting market opportunities.
7. They chose the right occupation.

If you’re really serious about building sustainable wealth, get a good financial advisor who understands Bill’s research to be your coach.

If you already have a good one, great, stick with them. But if not, consider scheduling a completely free no-strings-attached consultation with the financial advisors Wealthion endorses -- the same ones who join me on this program every week to share their latest thoughts on the market.

Schedule your free portfolio review with Wealthion's endorsed financial advisors at: https://www.wealthion.com/

Follow Dr. William Danko's work at https://richerthanamillionaire.com/

At Wealthion, we show you how to protect and build your wealth by learning from the world’s top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance.

There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.

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If you are interested in personal finance, wealth, becoming wealthy, how to get rich, things to do to grow wealthy, how to become rich, how to become a millionaire, financial success, high net worth, or how to get wealthy then you've come to the right place.
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.