How Real People Become Millionaires (None of That Social Media Hogwash)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 29 March 2024
⏱️ 43 minutes
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Summary
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| 0:00.0 | How folks become millionaires, none of that social media hogwash. |
| 0:04.8 | I am so excited about this because today we're going to talk about a real life story. |
| 0:16.2 | I mean it's not literally real life but it seems like it could be real life. |
| 0:20.4 | It's not just like the academic understanding of how people build wealth. |
| 0:24.1 | We want to walk you through a true blue real life case study of how someone could realistically |
| 0:30.8 | in today's world become a millionaire. |
| 0:33.0 | And when I'm talking about hogwash, I mean, seriously, if you were watching social |
| 0:36.8 | media, you would think the only way you build wealth is through some get rich quick, entrepreneurship, |
| 0:44.0 | 19 passive real estate investments only, |
| 0:47.7 | and that's a look, there is a better way to do money |
| 0:51.9 | and we actually wanted to walk people through the patient |
| 0:55.7 | work of wealth building in the real world. |
| 0:58.0 | You know we have this idea we call it the Financial Order of Operations. |
| 1:01.9 | It is a nine-step tried and true process of what you |
| 1:05.9 | should do with your next dollar. It walks you through how you should think |
| 1:09.3 | about building and saving wealth and it's not incredibly complicated. I mean there's a lot of sophistication to it |
| 1:14.3 | but it's not incredibly complicated. However we all see this and we think about the |
| 1:18.4 | nine steps and we begin to think okay it's just this nice steady walk up the mountain I go from one to two |
| 1:25.2 | and from two to three and from three to four however life has some surprises for |
| 1:29.9 | us yeah and we created an illustration to show this I mean mean, you see, it is exactly what you described. |
| 1:34.2 | It looks like a walk up the stairs, so easy, but that's not reality. The reality is, is life comes at you fast, |
| 1:40.4 | and yes, you're going to have lots of good times but there's also going to be |
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