The #1 Financial Regret of Americans (And How to Fix It)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 1 May 2024
⏱️ 26 minutes
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| 0:00.0 | The number one financial regret and better yet how to fix it. |
| 0:10.5 | Brian I am so excited about this because we don't want our people living with regret. |
| 0:16.8 | We don't want your future self looking back saying, ah, man, I wish I would not have done that |
| 0:22.4 | or I wish I would have done this. |
| 0:23.6 | So if we can help open your eyes so that you do not fall prey to this regret, |
| 0:28.7 | I think we'll have done the world of service. |
| 0:30.3 | So let me ask you, Bo, were you surprised by this one? |
| 0:33.0 | I'm not because I have access to our information, but right? |
| 0:35.7 | Because I see our information and we hear this over and over and over again. |
| 0:38.9 | I was not incredibly surprised by it, but I think the general public will be. |
| 0:42.3 | Yeah, this is because as |
| 0:43.7 | Bojus alluded to we do our own survey but this is actually data coming from |
| 0:48.2 | bank rate as the biggest regret of Americans financially and guess what it is not saving for retirement |
| 0:55.5 | early enough not saving early enough people say man I wish I would have |
| 0:59.2 | started sooner I wish I would have started earlier I wish I would have I wish I would have |
| 1:05.0 | And this makes sense I think that most financial mutants out there most folks recognize |
| 1:12.0 | Time is pretty stinking valuable. |
| 1:14.5 | Yeah, I mean it's one of those things. |
| 1:16.0 | Procrastination seems like the viable thing when you're, you know, stuck with short on time, |
| 1:21.4 | short on money, short on money. |
| 1:22.7 | But then I think when you get a little older, |
| 1:24.2 | a little wiser, and you see the power of compounding growth |
... |
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