495. The 9½ Habits of Wealth Building (Wealth Series Part 2)

Wealth isn’t built in spreadsheets. It isn’t just about understanding finance books or listening to podcasts. True wealth is built in habits—the actions we take (and the ones we avoid) every single day. In part two of our special wealth-building series, Jay Papasan shares nine and a half habits that can put you on the path to financial independence. From living below your means to investing wisely, Jay explains the foundational steps that allow you to accumulate and grow wealth over time. He shares his personal experiences, lessons learned the hard way, and insights from financial experts like Dave Ramsey and Morgan Housel. Those nine habits are: Live below your means Automate your savings Pay down your debt Maintain an emergency fund Have clear financial goals Invest wisely Learn continuously Track your net worth Pay cash for luxury items If you’re looking to take control of your finances and make your money work for you, this episode gives you the step-by-step habits to get started. Challenge of the Week: Go to the1thing.com/networth and download the net worth tracking worksheet. Whether your net worth is big, small, positive, or negative—just calculate it. This will serve as your foundation for all future financial decisions. *** To learn more, and for the complete show notes, visit: the1thing.com/pods. We talk about: The power of automating savings and paying your future self first How tracking your net worth creates awareness and better decision-making Why building small financial habits compounds into long-term wealth Links & Tools from This Episode: Download the free net worth tracking worksheet. Read The Millionaire Real Estate Investor by Gary Keller, Jay Papasan, and Dave Jenks Free Resources Want to be a guest or share feedback? Email podcast@the1thing.com or send us an audio note at Speakpipe.com/the1thing. Produced by NOVA