4.6 • 2.8K Ratings
🗓️ 21 February 2020
⏱️ 43 minutes
🧾️ Download transcript
With the financial tools accessible to Americans today, we believe anyone can build wealth and set himself up for a better life. Even so, 60% of people don't have the savings to pay for an unexpected emergency. Why are Americans so broke?
There are 3 major pitfalls in understanding and behavior that keep people from tapping into the amazing financial opportunity we have access to everyday. Let's break down all 3 and talk about how to turn the tide or avoid these situations altogether on your journey to financial freedom!
For more information, visit: https://www.moneyguy.com/2020/02/3-reasons-why-americans-are-still-broke/
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0:00.0 | Three reasons why Americans are still broke. |
0:04.1 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
0:11.2 | investing, taxing. |
0:13.1 | You've got financial questions, he's got financial answers. |
0:16.7 | It's Brian Preston, the money guy. |
0:19.4 | Run, you know, this show, it sounds like it's going to be negative, but this is actually |
0:23.0 | going to be a positive uplifting show. |
0:24.8 | The truth of the matter is, is that we know in our current state of our country, there |
0:30.3 | are a lot of folks that just don't make wise financial decisions and do not find themselves |
0:35.6 | in the healthiest financial circumstance. |
0:38.1 | In our opinion, it's a little bit their fault most often. |
0:42.0 | Yeah, I mean, we have a huge problem where I think the average American is trying to keep |
0:45.8 | up with the Joneses. |
0:47.2 | We have an issue where we're looking around instead of being happy with what we have. |
0:51.8 | We're trying to look at our neighbors and what we, all the statistics show is our neighbors |
0:57.6 | are broke. |
0:58.6 | And here's what makes me so sad about this whole thing. |
1:01.7 | You have everything in the world going for you. |
1:04.4 | We are in a globalized economy, meaning that the world is getting smaller and smaller. |
1:10.2 | Innovation is actually speeding up. |
1:12.6 | There is no reason that we all shouldn't be benefiting from these great things economically, |
1:19.3 | but we can't get out from underneath our own just consumption. |
... |
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