Do Millionaires Have 7 Sources of Income?!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 26 June 2023
⏱️ 31 minutes
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Summary
Transcript
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| 0:00.0 | Next up we have a question from Caleb. |
| 0:09.7 | He says, how do you overcome the fear of making sure you are providing enough for your children's |
| 0:15.2 | future while saving for your own? |
| 0:18.4 | For context, I am an expectant father, so congrats first of all. |
| 0:22.4 | That's exciting. |
| 0:23.4 | So is it a legit fear to ensure that I am setting her up for the future while also providing |
| 0:29.0 | for my wife's and I? |
| 0:30.0 | It's such a hard balance to strike. |
| 0:32.2 | So potential new dad, he's like, oh man, what am I going to do now? |
| 0:37.2 | Congratulations. |
| 0:38.2 | It's awesome. |
| 0:39.2 | Having kids rocks. |
| 0:40.2 | It's a super fun thing. |
| 0:41.6 | It's a fun journey you're about to be on. |
| 0:45.0 | It's hard, right? |
| 0:46.0 | Because there's a natural struggle that when you hold that baby for the first time, I think |
| 0:50.9 | it's Ryan Realty. |
| 0:51.9 | He's like, I would jump in front of a bullet for this kid, right? |
| 0:54.8 | I just met him like today and they're amazing. |
| 0:57.7 | And so we want to do everything as parents in our power to provide for them and to create |
| 1:03.7 | a life that is better for them than our life was for us and all of these things. |
| 1:10.0 | But what that naturally causes us to do is it naturally causes us to act in a very irrational |
... |
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