Asking 80 Year Old Millionaires If It Was Worth It | Summary and Q&A

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April 6, 2022
by
Noah Kagan
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Asking 80 Year Old Millionaires If It Was Worth It

TL;DR

Retired millionaires discuss their paths to wealth, regrets, and the impact of money on their lives.

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Key Insights

  • 🤑 Money does not necessarily equate to happiness; relationships and personal fulfillment are more valuable.
  • 👪 Retired millionaires have varying regrets, such as not spending enough time with family or not collecting enough contacts.
  • 👋 Self-development and investing in family were the best investments for many millionaires.
  • 💦 Some millionaires emphasized the importance of hard work, accountability, and self-reliance.
  • ❓ Marketing oneself effectively is crucial for success, beyond credentials and testimonials.
  • 🏛️ Writing down ideas, recruiting mentors, and building peer networks are essential for career growth.
  • 😮 Rising tides do not guarantee success; individuals must continue to work hard and stay focused.

Transcript

have you ever wondered if all the sacrifices and hard work that are needed to become rich are even worth it in this video i'm going to be asking that exact question to retired millionaires to find out how they got rich and if they have any regrets how did you make your money i'm in the furniture business we sell mattresses american-made furniture b... Read More

Questions & Answers

Q: How did money improve the millionaires' lives?

For some, money reduced stress and allowed them to pay off debts and live comfortably. However, others believe that relationships and personal fulfillment are more important than financial success.

Q: Did the millionaires have any regrets about their careers?

Some expressed regret for not spending enough time with their children or not documenting their ideas and plans. However, overall, they were content and did not have significant regrets.

Q: What are some proud moments in the millionaires' careers?

One millionaire was proud of going from zero to a million dollars a month in sales. Another found fulfillment in coaching and supporting a global community of successful individuals.

Q: What advice do the millionaires have for those starting their careers?

They advise avoiding treacherous people and having a strong work ethic. They also emphasize the importance of marketing oneself effectively and building a network of mentors and peers.

Q: How did money improve the millionaires' lives?

For some, money reduced stress and allowed them to pay off debts and live comfortably. However, others believe that relationships and personal fulfillment are more important than financial success.

More Insights

  • Money does not necessarily equate to happiness; relationships and personal fulfillment are more valuable.

  • Retired millionaires have varying regrets, such as not spending enough time with family or not collecting enough contacts.

  • Self-development and investing in family were the best investments for many millionaires.

  • Some millionaires emphasized the importance of hard work, accountability, and self-reliance.

  • Marketing oneself effectively is crucial for success, beyond credentials and testimonials.

  • Writing down ideas, recruiting mentors, and building peer networks are essential for career growth.

  • Rising tides do not guarantee success; individuals must continue to work hard and stay focused.

  • Personal fulfillment and making a positive impact on others are highly rewarding aspects of success.

Summary & Key Takeaways

  • Retired millionaires from various industries share how they made their fortunes and if they have any regrets.

  • Money did not necessarily improve their lives; they believe relationships and personal fulfillment are more valuable.

  • Some shared regrets include not spending enough time with family or not collecting enough contacts for networking.

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