You’re the Multimillionaire Next Door for a Reason

By Maksym @ Adobe Stock

You’re the multimillionaire next door for a reason: you saved until it hurt and put one foot in front of the other to grow your business or career. In other words, you compounded your success, which allowed you to keep compounding your money.

The key to wealth isn’t necessarily winning the lottery. It’s staying in the game and getting used to your success until it becomes a part of you. And when money is made “overnight,” it can be treated as easy come, easy go, which is not how wealth works in the real world.

Work is hard. Then you wake up, realize how much you’re worth, and find it easy to whistle your way to work.

Action Line: See below how putting money away early and letting it compound over time illustrates the miracle. And when you want to talk about putting some money away, email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.

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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.