Are You Doing Better Than the Average American?

Money Guy Show

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

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 9 October 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We’re so excited to announce the launch of the Financial Mutant Survey! We want YOU to help us create this upcoming Money Guy episode and inform future content. Plus, we have some awesome, exclusive resources available as a “thank you” to everyone who participates. Go to moneyguy.com/survey to check it out! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Let's find out are you doing better than the average American when it comes to
0:11.1	personal finance.
0:12.1	Ruby, I am so excited for two reasons this morning.
0:16.0	Number one, do you realize that right now, as of this recording,
0:20.0	as of this live stream, we are within 300 subscribers of 500,000.
0:27.0	So close.
0:28.0	If you are not subscribed, if you were just renting your seat, you know how cool would be if we crossed over that
0:34.2	half a million mark during this live stream so if you have not signed up if you
0:38.7	have not subscribed if you are not dialed in with us make sure that you do that right.
0:43.6	Now that's the first reason I'm excited.
0:45.9	The second reason I'm excited is because we have something exciting that we want to share
0:50.6	with you guys and you set this up perfectly you said are you doing better than the average American so we're going to be talking about a little bit about the average American but we in true money guy fashion are going to take it even a step further.
1:03.0	Absolutely. We know comparison isn't everything, right?
1:05.6	But sometimes it's helpful.
1:07.2	It's kind of helpful to see where you are and how you stack up,
1:11.0	whether you're tracking behind, whether you're pulling ahead, whether you're doing
1:15.4	average, because guess what, as financial mutants, we don't really want to be average a lot of the time,
1:19.7	right? We want to know how we can maximize, how we can do money a better way. So that's why we love sharing
1:26.0	stats like this one with you guys. We've got a slide that's the median financial assets by age of the average American.
1:34.2	My opinion, and look, this is a hot take here.
1:37.5	This is wildly frustrating to me.
1:39.3	So we added up, this, by the way, this is not net worth.
	...

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