The Definition of Wealth

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

🗓️ 1 December 2017

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What is wealthy? We define what it means to be wealthy relative to your peers at every age and stage of life in this latest episode of The Money Guy Show.

When it comes to your money, we wanted to provide you with a resource that would help break down and explain financial priorities that put you on the path to financial independence. We talk about the various things you ought to be thinking about and doing in every decade of your life from your 20's to your 50's and into retirement.

For more information, visit the show notes here: http://www.moneyguy.com/2017/12/the-definition-of-wealth-things-to-think-about-at-every-age-stage-of-life/

Transcript

Click on a timestamp to play from that location

0:00.0	What is wealthy?
0:02.8	Have you ever wondered are you doing everything you're supposed to at your stage in life?
0:07.4	How about understanding basic concepts like asset allocation, estate planning,
0:11.9	dollar cost averaging?
0:13.8	Tune in today and we will cover all that as well as know exactly where you are
0:19.0	in comparison to your peers.
0:30.0	The financial questions he's got financial answers.
0:33.0	It's Brian Preston, the money guy.
0:36.5	Well, wealth is one of those interesting concepts.
0:40.4	It's almost turned into a hobby of mine when I get to know somebody well enough that they don't think I'm weirdo.
0:45.0	Right.
0:46.0	How about I say how long does it take to fix it?
0:47.6	It takes a while.
0:48.8	I guess we're still not there just yet.
0:50.4	But I try to find out once I know somebody well enough that they start asking me financial questions
0:56.0	or just picking my brain about things.
0:57.8	I'll pick that up right now and say, Hey, what do you consider is wealthy?
1:02.6	Sure.
1:03.6	What's rich?
1:04.6	Yeah, because it's always and it's very individualized and what's funny is we talked before we started recording today.
1:10.6	And of course there is the philosophical answer about having good help, right?
1:15.0	Good family.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.