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Money Guy Show

Can You Really Become a Millionaire in 10 Years?

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

🗓️ 15 August 2025

⏱️ 41 minutes

🧾️ Download transcript

Summary

Tired of hearing how easy it is to become a millionaire? Us too. We examine 5 trendy get-rich-quick strategies (from hot stocks and real estate to entrepreneurship and index investing). We show what the brochures promise... and what actually happens in the real world. ⁠⁠⁠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. ⁠⁠⁠⁠⁠NordVPN.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I've rolled out uni because I want to live at home.

0:02.0

I've ruled out uni because I want to earn money.

0:05.0

I've ruled out uni because of my grades.

0:10.0

Study with the Open University and there's no need to rule out anything.

0:13.0

With our respected degrees, you can learn from home and work alongside study.

0:17.0

We're open to all. Plus, you'll have the support of expert tutors. So rethink your

0:23.6

future with the degree you didn't think was possible. The Open University, the future is open.

0:30.2

All over social media, you see stories of get rich quick success. We want to give you a peek behind

0:36.1

the curtain to see the reality of these strategies

0:38.3

and their opportunities. Brian, I am so excited about this because the internet is full of

0:43.7

gurus and talking heads telling you that there are shortcuts to financial freedom. And today,

0:49.1

we're going to see if they're actually true. We're going to examine five supposedly easy pass to wealth that people

0:55.0

often claim will make you rich quick. Reveal what it actually takes to accumulate a million

1:00.1

dollars through each of these methods and share the crucial information you need to know

1:04.6

before pursuing any of these strategies. And with that, let's jump right in.

1:15.1

Okay. And with that, let's jump right in. So, Brian, you know, and we talk about this all the time, that when it comes to building wealth,

1:19.4

we think that there are three key ingredients to wealth creation.

1:23.0

Yeah, let's think about this.

1:24.8

Discipline, living on less thing you make, you turn that into the margin or the money that if you give it enough time, it can actually create your wealth.

1:32.8

But, Bo, if you're going to speed up this very important process, you're obviously going to have to lean very hard into that discipline component.

1:41.1

Yeah, you're decreasing the amount of time.

1:43.3

So you have to increase some of the other components. So we're going to walk you through these five different

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