Is $1,000,000 Enough to Win Financially?

Money Guy Show

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

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 7 May 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Anyone can build wealth. It's not always easy, but that simple belief motivates us to teach smart financial strategy to everyone who will listen. We love revealing how the power of compounding interest can turn you into a millionaire, as illustrated in our Wealth Multiplier. But what about inflation? What about people in high cost of living areas? What about the uncertainty of social security? Without fail, we have naysayers bringing up these questions and more, saying that $1,000,000 does not count as financial success. Let's take an honest look at the naysayers' perspective - what should we consider and where do they go wrong? Ultimately, we'll make sure these fears don't knock you off track from achieving your financial potential! For more information, visit: https://www.moneyguy.com/2021/05/is-1000000-enough-to-win-financially/(opens in a new tab) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Is $1 million enough to win financially?
0:04.0	It's Brian Preston, the Money Guy, restoring order to your financial chaos, retirement,
0:11.0	investing, taxing.
0:13.0	You've got financial questions, he's got financial answers.
0:16.0	It's Brian Preston, the Money Guy.
0:19.0	Brian, I am super excited about this show and here's why.
0:23.0	This is going to be a show that's going to give us an opportunity to kind of smack some haters around.
0:27.0	To smack some trolls around because oftentimes on this show, we like to talk about motivational topics.
0:33.0	We like to get our team, our tribe, super juiced up about saving for the future.
0:39.0	And then income the trolls, sending us emails, going out to the website, leaving comments on YouTube
0:46.0	that are just throwing just negativity our way.
0:49.0	And so we want to address that and hit that on today's show.
0:52.0	Look, I want to throw out an olive branch because I'm actually a troll tamer.
0:56.0	A troll tamer.
0:57.0	He called me a troll whisperer.
0:58.0	And the fact that I love to turn trolls.
1:00.0	And I've actually been successful this and we have people come to the show, throw shade at us.
1:04.0	But then I say, stick around a little bit longer and before long you'll be part of this movement with us.
1:09.0	And here's what I'm talking about.
1:11.0	Is it Oracle of Omaha, Warren Buffett, just yesterday was talking about how inflation is,
1:17.0	Berkshire Hathaway is experiencing inflation, still prices with some of their manufacturing.
1:24.0	And you guys are seeing, I mean, whirlpool is announced they go and raise the price of their washing machines and their appliances.
	...

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