How to Build Wealth As a High Earner, Not Yet Rich with Three Money Buckets

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 28 November 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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. You'll learn what a HENRY is and how to avoid being one, how to begin to make money shifts, what we all get wrong about our finances, and Gideon's three-bucket money approach that will change your life. LINKS Drucker Wealth Contact Gideon How to Avoid HENRY Syndrome: Financial Strategies to Own Your Future SPONSORS Thanks to ShipStation for sponsoring the show. Go to ShipStation.com today and sign up with promo code MYMONEY for a FREE 60-day trial. Thanks to Ka’Chava for sponsoring the show. Ka’Chava is oﬀering 10% OFF for a limited time at Kachava.com/mymoney. Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney. Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. This episode is sponsored by/brought to you by BetterHelp. Give online therapy a try at betterhelp.com/mymoney and get on your way to being your best self. This episode is sponsored by Planet Money. Listen now to Planet Money from NPR -- wherever you get your podcasts. LEAVE US A REVIEW Leave us an honest rating and review, pretty please. Head to the podcast player you’re listening to this episode in to leave us a review or you can click here to leave a review for Everyone's Talkin' Money podcast on Apple Podcasts. Love this episode. Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! GOT A QUESTION? Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares MORE MONEY TIPS Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/shannahgame FREE GUIDES + RESOURCES Download our FREE Top 25 Episode Guide Download a FREE BONUS podcast episode 5 Minutes to Unlock a New Money Mindset 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	Forgot your wallet?
0:02.3	No problem.
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0:53.3	Search for Adobe Express to find out more and get started today. and the best bit, it's free.
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1:03.1	There are days when you're hungry for McDonald's.
1:07.7	Then there are days when you're Big Arch hungry for McDonald's.
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1:17.6	participating restaurants only, subject to availability. Okay, I got a couple of questions for you.
1:33.0	Are you making six figures but still using your parents' Netflix login?
1:37.6	Or are you spending more money at Starbucks than you are saving in your 401k?
1:42.2	Look, if you answered yes, there is absolutely no shame in that,
	...

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