How to Be Wealthy By Age! (2025 Edition)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 20 September 2024
⏱️ 36 minutes
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| 0:00.0 | How to be wealthy by age? Better yet, are you where you need to be? Brian I love and get so excited when we get to do episodes like this. We talk about |
| 0:16.7 | what should I be doing if I'm in my 20s and my 30s and my 40s and how do I know |
| 0:21.6 | if I've been doing the right things and what are some |
| 0:24.7 | benchmarks and mile markers for me to know do I fall into the camp of wealthy |
| 0:30.2 | financial mutant or am I behind the gun what are the pieces and |
| 0:34.8 | parts I need to put together this is the type of content you said it and we got |
| 0:39.4 | just as energized in our content meeting is because a person a 20 year old or a 25 year old |
| 0:45.0 | with a hundred thousand dollars is completely different than a 60 year old that has |
| 0:49.5 | a hundred thousand that's right so so is why does nobody actually tell you hey if you want to be wealthy while you're in your |
| 0:56.2 | 20s you need to have this if you want to be wealthy in your 30s because they are different by every |
| 1:01.1 | decade we're going to answer those questions today and I'm |
| 1:03.6 | super excited to share. That's my line. How are here? Here we are. So let's jump |
| 1:07.6 | right in. Let's start at the very beginning. How to be wealthy in your |
| 1:10.9 | 20s? Now here's what's beautiful about your 20s. You're at the very |
| 1:15.1 | beginning of the journey. You are just coming out of the starting blocks and |
| 1:19.7 | time is on your side in this decade and in this stage of life. |
| 1:25.0 | Yeah, we talk about this often. |
| 1:26.9 | I try to go through this quickly, |
| 1:28.4 | is we always say you need to respect the three ingredients |
| 1:31.9 | to wealth building. The number one is discipline. Can you live on |
| 1:38.7 | less thing you make? And it's such an important thing in your 20 is to kind of focus on those |
| 1:43.8 | behavioral things because if you can live on less thing you make that creates |
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