3 Myths About Millionaires | Phil Town

What other myths about millionaires are out there? Leave a comment below!

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I already knew everything you told us in this video and have done since I was literally a child. If people think millionaires are cartoon characters then people are even dumber than I thought

Everyone thinks that the rich spend the most … but how did millionaires get their money in the first place?

By being FRUGAL!

NEW INTRO FINALLY! GREAT VIDEO!

I’m sorry but if i was in retirement age and had millions; I’d be living life to the fullest! You can’t take it with you.

I read your books and see your videos but still can't understand how you become a millionaire in 5 years with 4k$/year. Any explanation?

Mr. Town,
I would love to hear the story about how you went from $5k to $1M in 5 years. What were some of the plays made and the respective businesses? Were they options, common stocks, shorts, or derivatives? Please, do tell.

Thanks Phil!

They get the best seats at the games

They always go on the priciest vacations

Here's a myth for you…just because a millionaire lives in an affordable home and drives an affordable car doesn't mean they are not splurging somewhere else…health, vacations, jewelry and vanity projects etc can all have huge bills and you won't necessarily know about it!…if you are rich but want to live like you are poor more power to you but then what's the point of working hard to begin with?…If you really think Warren Buffet and Bill Gates spend the same yearly as you and because they dress and drive simple and in an affordable home then you are just delusional…what they actually do/have always done is spend LESS than what they earn or in a sustainable way…The only issue I have is with broke people trying to live rich before or without putting in the work!

I think most people believe millionaires are greedy A-holes who made their fortune by ruthlessly destroying the lives of others. I'd say more often than not, they are correct.

Let's not mix millionaires with billionaires.

Golden Coral is GREAT!!

thanks for the great video. totally agree.

Phil, how did you get to $1 million in 5 years? Did you use options in combination with with finding a company on sale?

"Millionaires are cheap and stingy with their money"?

Psshh, I am a millionaire and buy everything I want including luxury cars, mansions, AND yachts.

Update: just went broke…

RISK = UNKNOWN
More you know, Less Risk you'll deal with.

'You shouldn't aim to become a millionarie fast! It's crazy.'
becomes a millionarie in 5 years with barely any capital

Awesome video and I'm going to follow every myths in this video to become a millionaire

You know you made it when you can get that yummy guac at Chipotle without batting an eye.

Useful video.. Thanks…???