Become Wealthy in 4 Steps #doctor #millionaire #wealth

So how do you become wealthy? Well, there's really four steps. The first one is make a lot of money. Most of you have already figured out how to do that. The second one is don't spend a lot of money. Make those two numbers different. What you make and what you spend. The more different they are, the faster you become wealthy. Our first million dollars, 80% of it, was brute force saving. It was money we earned and did not spend. Then take that difference, the money you didn't spend, and make it work as hard as you do by investing it in some reasonable way. Right? That can be as simple as just a handful of index funds. And finally, don't lose the money. Don't lose it to bad investing behavior, buying high and selling low and that sort of a thing. Don't lose it to divorce. Right? Put that marriage first. Don't lose it to liability lawsuits. Right? Buy malpractice insurance. Buy some umbrella insurance. Don't lose it to disability. Buy disability insurance. Do the things you need to do to protect that money.