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119 – How to become a Self-Made Millionaire

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Mental Models discussed in this podcast:

  • Self-Made Millionaire
  • Cumulative Advantage
  • Compounding
  • Power of Habit
  • Privilege

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Show Outline

podcast episode 119 - how to become a self-made millionaire

Inspired By Joshua Kennon Article

Book Recommendation: Millionaire Next Door

Summary:

Self-Made Millionaires are created by the choices and habits under your control, not your starting point in the world. Focus on the slow accumulation of advantages and ignore anything outside of your control. 

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About Trey Henninger

Trey is a private investment portfolio manager for his own personal funds. He began investing in 2011 and has over 7 years of experience managing an investment portfolio as well as performing fundamental stock and business analysis. Trey has been writing about his investing research, investing theory, and personal finance since 2015. He used thousands of hours of reading and learning to teach himself to invest and hopes to help other like-minded investors become DIY investors as well.

Trey graduated from the University of Texas with a Bachelor of Science degree in Chemical Engineering with a concentration in Engineering Economics and Business Leadership. He leverages this background in engineering economics to better identify and understand capital intensive and capital-light businesses. He has been quoted on Nerd Wallet, InvestorPlace, GoBankingRates and other online publications.

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