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Epic Real Estate Investing

How to Get Out of Your Mediocre Financial Rut (WARNING: Rent Ahead) | 645

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 3 May 2019

⏱️ 6 minutes

🧾️ Download transcript

Summary

If you can't seem to escape mediocrity regardless of what you do, it isn't your fault, the majority of Americans struggle with it as well, and today we'll talk about why it is so. Additionally, we'll explain you how to get out of your financial rut. Stay tuned and learn what kind of financial advice you should avoid, what you need to do if you want to get on the road to wealth, and what your best path for reaching the final destination is.

Transcript

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0:00.0

This is Terrio Media.

0:05.0

Stuck in mediocrity.

0:06.0

No matter what you try, you just can't seem to escape it.

0:09.0

Well, it's not your fault, and I'm going to tell you why.

0:12.0

And I'm also going to tell you how to get out of your mediocre financial

0:14.5

rent on today's episode of Financial Freedom Friday. Go to school, get good grades, get a high paying job, buy a house house max out your 401k and here's the latest recommendation being

0:36.6

piled on top of all that mediocre advice. You see you could save 10 bucks a week every

0:41.8

week for the rest of your life if you just cut out

0:44.4

two lattes per week. None of that old antiquated device is going to make you

0:49.4

wealthy, none of it, especially eliminating the coffee thing. I don't know why everyone's piling up on coffee.

0:54.7

And I'm more than comfortable saying that this advice won't get most people even to a comfortable

0:58.6

middle-class status either. You know, when you consider the median income in America is $48,000 per the Census Bureau

1:05.0

and in their latest report it's also pointed out that 15.2% of Americans live below the poverty line.

1:11.0

Now that's a snapshot of today, but over a lifetime it doesn't get

1:14.6

any better as per the Department of Health and Human Services shows in their

1:17.3

studies that 95% of today's 65 year olds are not prepared to retire and that includes all demographics from all levels of income

1:26.0

That crappy advice to work work work and save save is part of the typical mainstream mediocre BS that you're fed daily. This advice is everywhere.

1:35.3

You can't escape it.

1:36.7

You know, radio personalities and TV and magazine articles, the front of a page of a Bloomberg

1:41.6

and the bloggers. it's a daily

1:43.4

bombardment of mediocre advice streamed from mediocre people that leads

1:47.0

95% of the population to their 65th birthday

...

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