These 7 “Unpopular Money Ideas” Helped Me Become a Millionaire

In 2016, I retired early at age 35. At the time, I had saved $900,000 and within a few years had accumulated a net worth of $1 million.

An important factor in my success is not the advice I receive, but the advice I receive neglect. I built wealth the old-fashioned way – working hard in a 9-to-5 routine and making strategic financial moves that many might disagree with.

Here are seven unpopular ideas that helped me retire early as a millionaire:

1. Corporate loyalty will make you poor.

If you don’t switch jobs regularly, you’re leaving money on the table. Taking a new role at another company is one of the best ways to get a big raise.

In my 14-year career, I’ve changed jobs five times, getting a 15% to 20% raise each time. This puts my salary well above inflation.

Employers will do whatever is in their best interests, and employees should do the same.

2. Most millionaires are self-made.

3. Your life partner can hurt your finances.

Many of my friends got married in their 20s and 20s. And now, for many of them, one point of tension in the relationship is money-related, such as opposing spending habits or reluctance to have money conversations.

I chose to wait until I found someone with the same financial values ​​- one of the best life decisions I’ve ever made.

For most people, discussing financial matters with a partner may not be a priority, but for me it was. Today, I have a supportive spouse who shares my passion for investing and living a frugal lifestyle.

4. You don’t need to be busy 24/7.

You might think that being busy will make you rich faster, but it also means you don’t have much time to take care of your body. No amount of money is worth neglecting your physical and mental health.

To increase your wealth, you don’t need to always move, produce, and work. Prioritizing things like sleep, exercise, and proper eating gives you the opportunity to refuel for the next day.

I always put my health first and as a result, I feel happier, more energetic, productive and creative.

5. Growing up poor doesn’t mean you can’t build wealth.

I come from a very low income family. My grandfather was a priest and he was financially strapped because he was not good at managing money.

My father developed the same habit, living most of his early years on paychecks. Fortunately, he recognized his father’s bad habits and changed his lifestyle later in life.

He taught me the value of saving and investing, and told me that credit card debt would destroy my financial stability, just like his father did. I learned that you can still get rich without a six-figure salary.

6. A prestigious degree does not guarantee wealth.

While your degree can help you step through the right doors, here’s what you do back You graduate and that’s the real difference.

I don’t have a fancy degree at an Ivy League school. I saved an emergency fund and invested at least 10% of my income early on. This has helped me create a comfortable retirement lifestyle over the years.

My best advice is to look for cheaper options – maybe pay in-state tuition at a school with a good program on the program you’re interested in. Then take advantage of the alumni network and career opportunities there.

7. Your passion will not pay the bills.

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