The Dark Side of Being an American Millionaire! (2023 Edition)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 14 April 2023
⏱️ 45 minutes
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Summary
Transcript
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| 0:00.0 | Being wealthy is not all rainbows and unicorns. |
| 0:03.0 | Tune in for the dark side of being a millionaire. |
| 0:11.0 | Brian, I am excited about this because I'm hoping it can be a cautionary tale. |
| 0:18.0 | I'm hoping that it will be something that are folks who either have |
| 0:21.5 | reached that status, that millionaire status, or the folks that are aspiring to get there, |
| 0:26.8 | I'm hoping that we can lay some foundational groundwork so that they don't find themselves |
| 0:32.9 | on the wrong side of the equation. But before we jump into that, if you are just tuning in with us for the first time ever, |
| 0:40.2 | we would love for to be part of the tribe. So right now, subscribe to the channel so you can stay updated with all the information we're putting out there. |
| 0:47.3 | Yeah, I think a lot of people have this notion that wing you're wealthy, successful, that you're happy, and you don't have, you know, the insecurities, |
| 0:56.8 | you don't have the unhappiness. |
| 0:58.3 | But I got to tell you, there's a lot of wealthy people that are rudderless, purposeless, |
| 1:03.8 | and they just don't have it all put together. |
| 1:07.0 | And we kind of, that's what we wanted to cover today, Bo, was kind of help people be on the |
| 1:11.0 | right track, but to kind of set the table, I thought it, and I've used this before, because I think |
| 1:15.3 | it's a great quote, Jim Carrey, everybody knows. Jim Carrey, there's so many stories. He says |
| 1:19.7 | half of them are true, half of them are faults or whatever, but there's always that famous one |
| 1:23.1 | where he wrote himself this check when he was dirt poor for $20 million, and then he was able to cash it. |
| 1:29.7 | So this is definitely somebody who had an aspiration, reached goals, tip-tip-ty-top of success. |
| 1:35.5 | And then when he's at the top of the mountain, he does share this quote. |
| 1:40.0 | He says, I think everybody should get rich and famous and do everything they ever dreamed of |
| 1:45.1 | so they can see that it's not the answer. |
| 1:49.9 | Yeah, wealth, money, the resource, the tool that we have, it is just one facet of it. |
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