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Everyone's Talkin' Money

How to Avoid the High Earner, Not Yet Rich Syndrome with Gideon Drucker

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6631 Ratings

🗓️ 25 February 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

Alright, let’s get real here. Are you making six figures but still using your parents' Netflix Login? Are you spending more money at Starbucks than you’re saving into your 401(k)? If you answered yes, you might be what’s called a HENRY- that is a high earner, that is not yet rich. In today’s episode, Gideon Drucker, a millennial and is a third-generation advisor at his family’s wealth management firm, Drucker Wealth in NYC, is dropping some serious knowledge about what being a HENRY might mean for your future and what can you do now to own your future. What You'll Learn What is a HENRY and how to avoid being one How do you begin to make money shifts if you are a HENRY What are we getting wrong with our thinking about finances Gideon's three-bucket money approach that will change your life The only number that Gideon says matters in terms of your financial future How Gideon went from a paratrooper to a CFP Links Drucker Wealth Contact Gideon How to Avoid HENRY Syndrome: Financial Strategies to Own Your Future SUBSCRIBE & SHARE Want to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE! Go behind the scenes of the podcast and sign up for our free monthly emails. Ask Shannah Have an Ask Shannah question, submit it here Get Social Shannah on Twitter Shannah on Instagram   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:21.8

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18 plus subscription required Teas and C's apply.

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0:32.4

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1:00.3

Okay, I got a couple of questions for you. Are you making six figures but still using your

1:05.7

parents' Netflix login? Or are you spending more money at Starbucks than you are saving in your 401k? Look, if you

1:13.2

answered yes, there is absolutely no shame in that. But you might be what's called a Henry.

1:19.0

That's a high earner, not yet rich. On today's episode, Gideon Drucker is dropping some serious

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