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Money Guy Show

5 Things Millionaires DON'T Invest In!

Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 12 February 2021

⏱️ 52 minutes

🧾️ Download transcript

Summary

No one wants to be fooled. Unfortunately, there are many popular financial products that seem like a good idea, but can actually derail your financial plans and cause you to miss out on true wealth building opportunities. Truly wealthy, secure people know how to tell which financial investments are worth it and which are too good to be true. In this episode, we'll teach you how to tell the difference and think like a millionaire! For more information, visit: https://www.moneyguy.com/2021/02/5-things-millionaires-dont-invest-in/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Five things that millionaires don't invest in.

0:04.4

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.

0:19.5

Yeah, Brian, I'm super excited about this show because oftentimes what we are telling you

0:24.3

guys is what you should do with your money, how you should make financial decisions.

0:29.9

Where you should put it if you follow the financial order of operations.

0:33.9

But we were talking in our show meetings this past week and we said, you know, we got

0:36.7

to talk about what are some things that maybe get a lot of press and a lot of attention and

0:42.0

a lot of, you know, people selling it.

0:45.8

People, a lot of folks like pushing it out there that maybe you should avoid if you want

0:50.0

to set yourself up for financial success.

0:51.6

There's a lot of, I want you to think of, if we go through these, these five items, I want

0:55.4

you to think about the number of folks that make their living selling these products.

1:01.7

I mean, because that's really what's going on.

1:03.5

I think there's a direct correlation to size a sales force to how awesome the product

1:09.8

actually is.

1:11.3

You know, because if it sells itself, you don't need a huge sale force.

1:15.7

You need to kind of nudge them into activity.

1:17.7

So that's probably a great segue in a number one, which is permanent life insurance.

1:25.1

Now I think this is a very important one to like, because I can already, like I can fill

...

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