Yo, today's Q-O-D is.

If you're not careful with your spending, one day, you'll eventually be broke.

Here we go. I'm going to. Welcome back to the quarter of the day show. I'm your host Sean Croxton and Sean Croxton.

Thanks so much to tune into our finance Friday episode where we talk about all things money mindset. We've got

Dr. Dennis Kimbrough back on the show and today's topic was a theme that I had

going on my Instagram account a couple couple weeks ago and it crushed it.

And between Dr Kimbrough and Dr Fraser, I think it was like 5.5 million views or something like that.

And the views were so high because it was the truth, because it resonated.

And the topic was people who are trying to look rich when they're really not.

It is people who are locked into this state of consumption.

They get paid, they consume. They get paid again, they consume. And they're buying mostly liabilities.

They're buying $300 Jordan's. They're buying cars that they really can't afford. They're buying high-end luxury bags and

we're not thinking about the future. You have to think about the future. You know

I'll read the comments and people will be like, well, I don't need to be a millionaire.

And I'm thinking, no, you need to be a millionaire. Like you have to. Think about this,

prices are only going to go higher.

If you're retiring 10, 20, 30, 40 years from now, the cost of living is going to be higher than it is now.

And so let's say you do retire

and you've got a million dollars in your retirement account.

You decide, you know what, I'm not gonna touch the principal.

I'm not gonna touch the million dollars. I'm not going to touch the million dollars. I'm going to leave that to my family, to my heirs. I'm going to live off the interest.

Well the interest is going to be about six to seven percent yield every year.

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