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Money Guy Show

5 Signs You're NOT Ready to Be Wealthy!

Money Guy Show

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

Investing, Education, Business

4.73.1K Ratings

🗓️ 30 October 2020

⏱️ 54 minutes

🧾️ Download transcript

Summary

Everyone wants to be wealthy, but wanting it and being ready for it are two very different things. After a combined 4 decades of experience, we've seen real life examples of what can go wrong if someone truly does not have the right mindset to handle significant wealth. Let's make sure you're 100% ready for the success that's coming your way! For more information, visit: https://www.moneyguy.com/2020/10/not-ready-to-be-wealthy/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Five Sons, you're just not ready to be wealthy.

0:04.0

It's Brian Preston, the Money Guy, restoring order to your financial chaos, retirement,

0:11.2

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

Whoa, okay, Brian, so you're telling me that some folks are ready and prepared to have

0:26.6

wealth and to live the life that we all think and dream about.

0:29.6

But some folks, they're just not ready for it.

0:32.2

They're just haven't crossed that pivotal threshold where they're actually ready to be

0:37.2

wealthy.

0:38.2

Look, everybody wants to be wealthy.

0:40.8

But I think it's kind of you and I talked about training, we've talked about diet, we've

0:45.0

talked about health.

0:46.1

It's no different with the way you build wealth as well, is that there's a big difference

0:51.4

between saying, hey, I want to have that versus those that have the behaviors that they're

0:56.1

actually doing it.

0:57.1

And what I think is great is, Brian, in our day job, we get to be fee-only financial advisors.

1:01.6

And fortunately, we have seen over the years stories and case studies of folks who did

1:08.3

come into wealth that were not ready for it and it generally does not end very well.

1:13.1

So here's how I want to lay out today, Shia, I want you to listen up to every one of these

1:17.1

points.

1:18.1

See if you resemble any of them and if you do, keep listening because we're going to give

...

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