How to Become a Millionaire! (By Age)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.7 • 3.1K Ratings

🗓️ 4 December 2020

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

Who wants to be a millionaire? Everyone. We believe that everyone can build wealth, but what does it actually take to be a millionaire? In this episode, we not only walk through habits and characteristics of highly successful millionaires, but we also break down powerful numbers and strategies. How much do you need to save at your age to become a millionaire by the time you're 65? And if you got a late start - how much do you need to save to catch up? For more information, visit: https://www.moneyguy.com/2020/12/how-to-become-a-millionaire-by-age/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Who wants to be a millionaire?
0:02.5	By age.
0:03.5	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:10.8	investing, taxing.
0:12.7	You've got financial questions, he's got financial answers.
0:15.8	It's Brian Preston, the money guy.
0:18.9	I feel like we should have had that.
0:20.8	What's that sound effect?
0:21.8	We're like, dooh.
0:22.8	Yeah, that's a rough one there.
0:24.8	Yeah, so I think the question who wants to be a millionaire, the answer to everyone,
0:29.7	like everyone has this desire, I think it was set many, many moons ago that like the
0:34.5	Krim Dollar Creme of reaching financial independence, like the goal of saving and investing is to
0:40.7	become the elusive millionaire.
0:44.2	So the answer to who wants to be is probably everybody, right?
0:47.4	It is, but it's that people don't do the steps.
0:51.1	They don't follow, let's talk about this because I have some ground rules, some traits.
0:55.5	You got to know big fan million in next door.
0:58.7	There are seven goals or traits that he talks about that these are the things that millionaires
1:04.7	do better than the typical American.
1:08.3	The first one was they live well below their means.
1:11.2	They spend less than they make.
	...

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