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Money Guy Show

5 Levels of Wealth AND How to Achieve Them!

Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 27 November 2020

⏱️ 66 minutes

🧾️ Download transcript

Summary

How do you know you're on the right track on the path to financial abundance? Consider this episode your roadmap to financial success! We walk through each step along your financial journey, explaining how to tell if you're on track, pitfalls to watch out for, and exactly what you need to do to get to the next level. For more information, visit: https://www.moneyguy.com/2020/11/5-levels-of-wealth-and-how-to-achieve-them/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Five levels of wealth and how to achieve each one.

0:04.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:11.0

investing, taxing.

0:13.0

You've got financial questions, he's got financial answers.

0:16.6

It's Brian Preston, the money guy.

0:20.0

Yeah, Brian, I'm really excited about this show because one of the questions we get asked

0:23.8

all the time, right?

0:25.7

Because what we do in our day job is we are fee-only financial advisors.

0:28.8

And we're blessed we get to work with folks in all walks of life, some folks who are starting

0:33.2

out on their financial journey, still building, and other folks that you would say have made

0:37.4

it.

0:38.4

And one of the questions we always get asked is, hey, you know, how do I know what wealth

0:42.3

he is?

0:43.3

Hey, what do you consider to be rich?

0:44.9

And we've heard that so much.

0:46.2

We thought, you know what?

0:47.6

Why don't we share our view and our thoughts on the levels of wealth?

0:52.7

Yeah, and I think this is so powerful because you'll see guys, building wealth is surprisingly

0:58.8

simple, but but it is so far from being easy because the majority, and you're going to

1:04.6

see this, it's not going to take much to get you in the top half of Americans.

1:09.2

The majority fall prey to marketers, they're over consumption, and then they also just

1:15.8

have a horrible relationship with that.

...

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