Top 5 Wealth-Building Challenges (And How to Overcome Them)

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

🗓️ 9 February 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Life gets complicated - and so does your money.

So we polled you guys and asked what challenges you were facing.

We picked the 5 that were the most common - and now we’re going to walk you through those challenges and, of course, how to overcome them.

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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	Life is hard.
0:02.0	Five top challenges on the Money Gosh Show.
0:05.0	I am excited.
0:06.0	I am excited about this because we know that life can get complicated and we asked
0:17.5	you guys we have all of our different social media platforms hey what are the
0:22.0	things that you're struggling with?
0:23.3	What are some things, some challenges you're facing that we could speak into that would hopefully
0:27.8	help provide some light in the middle of darkness or provide some options in the middle of hard planning and you
0:34.3	guys responded you said hey here the things that we're having issues with and we
0:39.3	want to speak to those and tell you okay here's how we think you ought to consider approaching these
0:44.6	different challenges that you may face in life. So a big thank you for even being
0:49.2	part of the show content today but let's jump right in. Number one, inflation.
0:55.0	Yeah, this is a big one.
0:56.0	You know, we, let's talk about just a quick little Webster's definition.
0:59.0	Inflation just means the general increase in the price of goods over time. I buy something today and it
1:05.0	costs more than it cost yesterday. We are seeing firsthand the effects of how hard inflation
1:12.0	can be on our wallets and our purses.
1:14.0	Yeah, I mean when we even this isn't just our survey of our listeners.
1:18.0	If you look out there, it said Americans 40% list inflation as a top concern for 2024 and I get it.
1:26.0	I mean I think about Reeban Matt and I were coming back from Nashville and we went through
1:32.1	a Chick-fil-A drive-thru and then I was like how in the world was that
1:36.8	$34 for like three people I mean it was just and then a lot of you guys I't help, I will probably watch or look at too much social media.
	...

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