Secret Investing Strategies of the 1% (That Even YOU Can Do)

Money Guy Show

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

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 31 May 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Wealthy Americans have tools to build wealth that everyone isn't aware of, and they may not be what you think. In this episode, we expose the top wealth-building secrets of the 1% and how you can implement them in your own life.

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Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

Transcript

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0:00.0	Secret investment strategies of the 1%, but you can even use these.
0:06.0	Ron, I am so excited about this because this is a fun one. This is where you and I get
0:16.6	to flex. We get to share some of the trade secrets, some of the unique things that we actually
0:22.4	do for our wealth management clients
0:24.0	and not only do we get to do those things for our clients we want to tell you about
0:28.3	them so they can help you do money better.
0:31.3	Our flexing my flexing is different than you're flexing though.
0:35.0	That's gonna flex though. This is truly a brine flex and the fact that we get to show the
0:39.7	muscles of financial knowledge, but I think before we get started we ought to at least
0:43.6	walk people through because there's a lot of information out there and I think a lot of
0:47.5	people think everybody makes a million dollars these days because of social media. What is the 1%? Yeah when we talk about 1% if you
0:56.6	look at total net worth in the United States right now this is according to don't
1:01.0	quit your day job it's 13.7 million dollars.
1:03.7	So if you want to be in the top 1% of net worth,
1:06.6	you need a total net worth of 13.7.
1:09.0	But if you want to be the top 1% of income earners,
1:12.4	the top 1% income in this country is actually 591,000
1:17.2	dollar household. So when we talk about these strategies that the 1% are using,
1:22.1	these are the people that we're talking about.
1:24.1	However, they can even be applied to your financial situation.
1:27.4	And look, this is our day jobs.
1:29.9	We're fee-only financial advisors with the fiduciary standard and we work with lots of
	...

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