5 Levels of Wealth (2025 Edition)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 10 January 2025
⏱️ 42 minutes
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Summary
Transcript
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| 0:00.0 | Five levels of wealth. Do you know where you stand? |
| 0:09.6 | Brian, I am so excited about this because this is a show that goes a little bit beyond the dollars and cents. |
| 0:17.4 | We get to talk about what is really behind being wealthy. How do you know where you |
| 0:23.2 | are and ultimately if you're heading in the right direction? Well, I think your relationship with |
| 0:27.9 | money has so many important things going on. We spend a lot of our time doing content on the |
| 0:34.5 | strategy, the numbers, but this one, what I love about it is we get to talk about the mindset. |
| 0:41.0 | We get to talk about some of those behaviors. |
| 0:43.3 | And then we're even going to talk about, because I want you to think about this as like |
| 0:46.4 | a hierarchy, like a pyramid where you're going to go through each one of these five levels, |
| 0:52.1 | but it's important for you to know where you are, so you can |
| 0:55.1 | really get into that intersection of where your behavior and mindset should intersect with the |
| 1:00.4 | money that we've covered in all the other episodes. And the beginning of the years, a great time |
| 1:04.0 | to reassess this. Where am I on my wealth building journey? What level of wealth am I on? |
| 1:09.9 | And you know, another thing that you |
| 1:10.8 | can reassess right now is whether you subscribe to the channel. Because if you've not |
| 1:14.6 | subscribed and rung that notification bell, you won't know when we put out brand new content |
| 1:20.2 | for you, like today's show where we dive through the five levels of wealth. |
| 1:24.3 | Well, let's not keep it a secret. First, I'd like you to just kind of give an overview, just to walk through. What are the five levels of wealth. But let's not keep it a secret. First, I'd like you to just kind of give |
| 1:27.6 | an overview, just to walk through, what are the five levels of wealth? Yeah, as we define them, |
| 1:33.7 | we think that there are five stages you work through on your wealth building journey. The first |
| 1:38.6 | is a stability stage. And then once you have stability master, then you move on to strategy. |
| 1:43.4 | And then as you get through strategy, you begin to experience some security. |
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