How to Win Financially Based on Your Income!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 23 February 2024
⏱️ 29 minutes
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Summary
Transcript
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| 0:00.0 | How to win with money? |
| 0:01.4 | Buy Income. |
| 0:02.4 | Bron, I am excited to talk about this because there's no doubt about it. People at different |
| 0:14.8 | income levels face different problems, different challenges when it comes to |
| 0:18.6 | building wealth, but what we want to walk you through today is no matter |
| 0:21.4 | where you are on the income spectrum there are some |
| 0:24.5 | things you can do or at least some things that you can think about that will |
| 0:27.8 | put you on the path to building financial independence yeah we do a lot of |
| 0:31.5 | content by age and we're like you know know what, let's actually, let's look at this from a different angle. |
| 0:36.1 | Instead of by age, let's talk about it from different income levels. |
| 0:39.9 | So that way you can focus on what really is something you can control and have the biggest |
| 0:45.0 | impact with. |
| 0:46.0 | All right, Brown, so let's jump right in. |
| 0:47.0 | Let's talk with this first. |
| 0:48.0 | We're going to talk about, okay, how to win with money if you are on the lower end of the |
| 0:52.2 | income spectrum. What does it look like if you're on the lower end of the income spectrum what has what does it look like if you're making |
| 0:55.1 | $30,000 per year and and frankly in the world in which we live where we have super high |
| 1:01.4 | inflation the cost of housing has gone up, there is a really |
| 1:05.7 | good chance that if your income is $30,000 right now, things are tight. |
| 1:11.2 | And most likely, if you're going to be honest you don't so much have a |
| 1:15.0 | spending or an expense problem at $30,000 of income you have an income problem so |
| 1:20.6 | you have to figure out what are the things that I can do to impact that how can I increase and improve my income situation? |
... |
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