Everything You Know About the Rich Is WRONG!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 7 June 2024
⏱️ 41 minutes
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Summary
Transcript
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| 0:00.0 | What did it surprise you that everything you know about the rich is likely wrong? |
| 0:07.0 | Brent I am so excited about this one because this is one of our favorite shows |
| 0:15.8 | that we get to do every year because we sit in a very unique position we have |
| 0:21.5 | access to a part of the public that not necessarily everyone has access to |
| 0:26.7 | to get the inside scoop around what millionaires actually look like. |
| 0:30.9 | Well look this one gets,'ll say it I'll still |
| 0:33.8 | Bose word it gets me excited to because what we get to do is you know we're fans of |
| 0:39.6 | Million are next door and the research that Dr Stanley and Denko did by surveying millionaires |
| 0:46.7 | has just echoed. |
| 0:48.0 | It's amazing. |
| 0:49.0 | Literally decades it's echoed. |
| 0:51.3 | And then you got Ramsey Solutions Solutions they brag and we use some of their research from that is the largest survey of millionaires. I think something we get credit for is that we consistently survey our millionaire clients so we can |
| 1:06.9 | not only check the historic stats that you see for millionaire next door as well as Ramsey Solutions, but also give you additional insights |
| 1:15.4 | of maybe things that you, after you read that content, you're like, yeah, but I wish somebody |
| 1:19.5 | would ask them this, we fill in that gap. |
| 1:23.0 | And what I love this year that we did is we want to separate, |
| 1:25.9 | because right now there's a perception of what a successful person, |
| 1:29.5 | of what a millionaire looks like, |
| 1:30.4 | and then there's the reality as actually reflected across the |
| 1:33.8 | hundreds of folks that we work with here at a bound wealth and we want to |
| 1:37.0 | separate those two from you what is the perception of what a millionaire looks |
| 1:40.4 | like and what is the reality what do true millionaires look like and how do they |
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