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Money Guy Show

5 Levels of Wealth (2025 Edition)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 10 January 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

We believe there are five distinct levels of wealth, but they aren’t solely dependent on income or net worth. We’ll walk you through each of the five levels - including how to know where you are at, how to advance to the next level, and signs you are doing it right.

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Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

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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