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Optimal Finance Daily - Financial Independence and Money Advice

1190: Data Shows You'll Likely Make Less Than Your Parents, But This Is How You Can Change That by The Finance Twins

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 12 June 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

The Finance Twins share that data shows you'll likely make less than your parents, but show how you can change that. Episode 1190: Data Shows You'll Likely Make Less Than Your Parents, But This Is How You Can Change That by The Finance Twins Camilo and Francisco Maldonado are the Finance Twins. Most people think money is confusing unless you are an accountant. We used to think that too. After working incredibly hard and catching several lucky breaks, we realized so many people are looking for ways to learn about personal finance, how to manage money, and how to get out of crippling debt. They have tons of tools and resources as well as countless articles that have everything you need to start your path to financial freedom. The original post is located here: https://thefinancetwins.com/make-more-than-your-parents/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is optimal finance daily episode 1190.

0:03.5

Data shows you'll likely make less than your parents,

0:06.0

but this is how you change that.

0:08.0

By the Finance Twins of the Finance Twins.com.

0:11.0

And I am Dan, I am your host here on the show.

0:13.4

Thanks so much for listening in on this Friday.

0:16.0

This is of course where I read to you from some of the best personal finance blogs on the

0:19.9

planet.

0:20.9

And hey, if you didn't know, we actually give away books on Instagram pretty frequently so if you're not

0:26.6

following us there yet you can find us at Old Podcast. But for now let's get to today's

0:32.0

post as we optimize your life.

0:34.0

Data shows you'll likely make less than your parents

0:41.0

but this is how you change that. by the Finance Twins of the Finance Twins.com.

0:47.0

As Colin Powell presently noted, quote,

0:50.0

a dream doesn't become reality through magic, It takes sweat, determination, and hard work."

0:56.0

But while generations have bought into the idea that hard work levels the playing field,

1:01.0

it's becoming clear it takes more than a hefty dose of

1:03.7

elbow grease to rise to the top. Mobility, in an economic context, refers to the

1:08.8

ability of an individual or family to improve their economic status via increased income.

1:14.0

The American dream is our national ethos, which has upward social mobility at its core,

1:19.0

and for years this dream was a reality.

1:22.0

A research study by Raj Chetti highlights For years, this dream was a reality.

...

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