Dr. Brad Klontz

Yeah, so I would say that a million dollars goes fast if you're spending it. And if you look at a million dollars, though, as an asset that's going to spin off cash for you, That's when it starts to look really good. And so we talk about in our book, the 4% rule, which is essentially how much money do I need to set aside to have freedom?

And so one of the things that we define in the book is what is rich? It is owning your time. Yeah. Owning your time. And by the way, so as a psychologist, I've read all the studies on owning stuff and it turns out that the stuff doesn't really make you happier.

And so one of the things that we define in the book is what is rich? It is owning your time. Yeah. Owning your time. And by the way, so as a psychologist, I've read all the studies on owning stuff and it turns out that the stuff doesn't really make you happier.

And so one of the things that we define in the book is what is rich? It is owning your time. Yeah. Owning your time. And by the way, so as a psychologist, I've read all the studies on owning stuff and it turns out that the stuff doesn't really make you happier.

You know, I mean, I think we're all here to like have a good experience in life, you know, to be around the ones we love, to have happiness, have joy, help other people have that experience and stuff just doesn't do it. And so if you're addicted to stuff, I worry about you because what I have found is that when young people come to me and say, Hey, Dr. Brad, you know, I want to become rich.

You know, I mean, I think we're all here to like have a good experience in life, you know, to be around the ones we love, to have happiness, have joy, help other people have that experience and stuff just doesn't do it. And so if you're addicted to stuff, I worry about you because what I have found is that when young people come to me and say, Hey, Dr. Brad, you know, I want to become rich.

You know, I mean, I think we're all here to like have a good experience in life, you know, to be around the ones we love, to have happiness, have joy, help other people have that experience and stuff just doesn't do it. And so if you're addicted to stuff, I worry about you because what I have found is that when young people come to me and say, Hey, Dr. Brad, you know, I want to become rich.

And I say, well, why? And it's like, well, I want to get a Lamborghini. I'm giving sort of the extreme example here. I want a Rolex. I want a Lamborghini. I want a mansion with a pool. I start to get a little bit concerned about that, to be honest. And I understand why we're attracted to that stuff. But unless that happens. young guy, young woman sort of shifts their mindset a little bit.

And I say, well, why? And it's like, well, I want to get a Lamborghini. I'm giving sort of the extreme example here. I want a Rolex. I want a Lamborghini. I want a mansion with a pool. I start to get a little bit concerned about that, to be honest. And I understand why we're attracted to that stuff. But unless that happens. young guy, young woman sort of shifts their mindset a little bit.

And I say, well, why? And it's like, well, I want to get a Lamborghini. I'm giving sort of the extreme example here. I want a Rolex. I want a Lamborghini. I want a mansion with a pool. I start to get a little bit concerned about that, to be honest. And I understand why we're attracted to that stuff. But unless that happens. young guy, young woman sort of shifts their mindset a little bit.

I know what's going to happen because I see it happen all the time. They're going to get a six-figure job, incredible. And then they're going to go lease a Mercedes. And then they're going to go get the most expensive apartment they can get. They're going to get the best stuff they can get. They're going to get a new wardrobe.

I know what's going to happen because I see it happen all the time. They're going to get a six-figure job, incredible. And then they're going to go lease a Mercedes. And then they're going to go get the most expensive apartment they can get. They're going to get the best stuff they can get. They're going to get a new wardrobe.

I know what's going to happen because I see it happen all the time. They're going to get a six-figure job, incredible. And then they're going to go lease a Mercedes. And then they're going to go get the most expensive apartment they can get. They're going to get the best stuff they can get. They're going to get a new wardrobe.

And people can stay stuck in that cycle of not creating any wealth for a very long time because they got the wrong focus. And so we're trying to reorient people to owning your time. And so that's where a million dollars spinning off 40,000 a year for you. It's like, well, how much more of your time can you own by doing that? And I'll also say this. I believe that everyone can become a millionaire.

And people can stay stuck in that cycle of not creating any wealth for a very long time because they got the wrong focus. And so we're trying to reorient people to owning your time. And so that's where a million dollars spinning off 40,000 a year for you. It's like, well, how much more of your time can you own by doing that? And I'll also say this. I believe that everyone can become a millionaire.

And people can stay stuck in that cycle of not creating any wealth for a very long time because they got the wrong focus. And so we're trying to reorient people to owning your time. And so that's where a million dollars spinning off 40,000 a year for you. It's like, well, how much more of your time can you own by doing that? And I'll also say this. I believe that everyone can become a millionaire.

And by the way, without any fancy hacks, quite frankly. Like I'm in it for the hacks too, right? Like I wanna increase my income, et cetera. I'm a multimillionaire now because, I'm a multimillionaire now because of what I'm about to tell you. And I became a millionaire working in a public school, okay, as a psychologist in Hawaii. And I became a millionaire by doing this one thing.

And by the way, without any fancy hacks, quite frankly. Like I'm in it for the hacks too, right? Like I wanna increase my income, et cetera. I'm a multimillionaire now because, I'm a multimillionaire now because of what I'm about to tell you. And I became a millionaire working in a public school, okay, as a psychologist in Hawaii. And I became a millionaire by doing this one thing.

And by the way, without any fancy hacks, quite frankly. Like I'm in it for the hacks too, right? Like I wanna increase my income, et cetera. I'm a multimillionaire now because, I'm a multimillionaire now because of what I'm about to tell you. And I became a millionaire working in a public school, okay, as a psychologist in Hawaii. And I became a millionaire by doing this one thing.

When a dollar comes into your life, you save and invest a percentage of that for your financial freedom. And so I've run the numbers on this too. $5 a day. invested at average market returns, so you don't even have to do anything crazy with investing, is a million dollars in just 42 years. And I say just 42 years, and I know you're saying, 42 years, that's forever.