In Eavesdropping on Millionaires: Investment Strategies and Advice on How to Build and Maintain Wealth, John and Tiffani Mauldin of Mauldin Economics, follow millionaires over 12 years to deliver a one-of-a-kind money management guide based on the investment habits, lessons, and techniques used by a cross-section of affluent people. The book provides revelatory insights to those aspiring to new financial heights, investment managers who want to know more about their clients, and for those firmly on the path of financial freedom - a rare window into the lives of your peers.
The authors show you how to achieve significant wealth by demonstrating how real people have already traveled that road. You’ll find: - Discussions of how the subjects of the book made their money, how they invested, how they spent, and the plans they’ve created for the immediate future. - Explorations of how millionaires enjoy life, their outlooks, mistakes, pivotal lessons learned, how they teach their children about money, and their personal spending habits. - Examinations of how the affluent make important decisions and deal with adverse market and money events like bear markets, recessions, career changes, and life transitions.
An inspiring and eminently practical resource about how people gain, maintain, and grow significant fortunes in the real world, Eavesdropping on Millionaires is a must-read roadmap to wealth for contemporary investors and those serious about financial freedom.
Table of Contents
Preface: The Creation Story of Eavesdropping on Millionaires ix
Acknowledgments xi
Introduction 1
Chapter 1 Rediscovering Purpose: A Hike, a Moment of Clarity, and Walking Away When It Doesn’t Feel Fun - Mel A. 7
Eavesdropping on Millionaires and Their Children 28
Chapter 2 Slow and Steady Wins the Race - Richard K. 31
Most Important Life Lessons from the Mouths of Millionaires 44
Chapter 3 Never Let a Bad Situation Get the Best of You - Gordon K. 47
Eavesdropping on Millionaires’ Childhoods 65
Chapter 4 Creating Your Own Path: From Family Expectations to Personal Fulfillment - Richard R. 67
Advice Millionaires Took to Heart 83
Chapter 5 From Immigrant to the American Dream Embodied - George D. 85
Charts 102
Chapter 6 Can a Book Change Your Life? - Jack M. 121
Eavesdropping on Millionaires’ Business Lessons 132
Chapter 7 The Worst Mistake or Best Decision? Joining the Family Business - Lincoln A. 135
The One Thing That Could Have Kept You from Achieving Your Goals/Success 149
Chapter 8 Going Debt-Free and Focusing on Doing What I Like - Allen A. 151
Eavesdropping on Millionaires - Their Early Years 163
Chapter 9 Don’t Let Complacency Keep You from Achieving Your Goals - Tom Z. 165
What Do You Think Is the Next “Big Thing” and To What Personal Character Trait Do you Attribute Your Financial Success? 180
Chapter 10 A Blank Piece of Paper with My Preferred Future - Skip V. 183
Insight Journal 197
Index 201
