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Money Guy Show

Top 10 Mind Blowing Money Stats [That Will Make You Rich!]

Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 23 July 2021

⏱️ 43 minutes

🧾️ Download transcript

Summary

Wealth creation is surprisingly simple. You need discipline, money, and time. So why do so many Americans miss the mark when it comes to personal finance? The 10 stats in this episode are simple, real world reminders of how powerful a few small financial decisions can be. Keep these powerful stats top of mind to help you stay grounded, motivated, and on track to build wealth. For more information, visit: https://www.moneyguy.com/2021/07/10-mind-blowing-money-stats-that-will-make-you-rich/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

mind-blowing stats that will make you rich.

0:05.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:13.2

investing, taxing.

0:15.1

You've got financial questions, he's got financial answers.

0:18.7

It's Brian Preston, the money guy.

0:22.5

Here's what I think is so awesome.

0:23.8

This one I'm so excited about this show.

0:25.4

Every now and then, there are little nuggets of information that we can like take and we

0:29.3

can archive when putting the back of our memory banks.

0:32.4

We find ourselves somewhere in a conversation, talking with friends at a cocktail party, whatever,

0:38.4

you come back up with that statistic.

0:40.0

We were talking, hey, what are some of those things?

0:42.0

What are some of those little soundbite snippets that exist in the financial world that would

0:47.4

just be fantastic for us to let our listeners know about?

0:51.3

Yeah, I want you to absorb what we're about to share with these tin facts and figures,

0:57.5

summarize them because what they do is they support the fundamentals that create wealth.

1:02.1

Look, guys, I've shared with you, we've done shows on the three primary components of

1:06.9

wealth creation, which is discipline that discipline leads to the margin of saving money,

1:12.9

which is number two, and then of course giving it enough time for those assets to grow.

1:17.4

Well, then if you go even deeper into those three components, we get into the concept of

1:21.6

deferred gratification.

1:22.6

Yeah.

...

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