Top 5 Wealth Killers in America!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 19 April 2024
⏱️ 41 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Top 5 wealth killers. |
| 0:02.0 | Wealth Killers. |
| 0:04.0 | Bren, I am so excited about this because there are so many things out there that don't want you to be |
| 0:15.1 | successful that want to work against you living your best financial life and so |
| 0:19.9 | our hope is that if we can bring them to your attention, make you aware of them, hopefully you will not fall prey to these wealth killers. |
| 0:27.0 | Yeah, we've talked about often that building wealth is surprisingly simple, but it is far from easy and today we're going to kind of |
| 0:34.4 | cover some of these key things that have made getting wealthy a little bit harder. |
| 0:38.9 | So let's jump into the first one and this one is not a surprise to anyone and |
| 0:41.9 | you're gonna see this but oh yeah |
| 0:43.0 | no that's that's for sure true inflation inflation can be a huge wealth |
| 0:48.2 | killer we're going to talk about why but before we do that we'll set some |
| 0:51.4 | groundwork like why right now, is it so significant talking about inflation? |
| 0:55.8 | Well, we just came out of a high inflationary period. |
| 0:58.3 | And I think that there's always, it's a little shock and awe after you live through an inflationary period. I'm old enough |
| 1:04.4 | that I actually made it through the 70s, early 80s, and here we are this and I'm like, whoa, |
| 1:08.3 | it is just like I recalled and in the frustration of you kind of recall what things cost beforehand, but now you see |
| 1:16.4 | new prices and then there's a small section of a part of your brain that's like, it's going to go back, |
| 1:22.1 | it's going to go back. But going to go back but then because you've lived |
| 1:24.5 | through it you recognize nope there's a good chance that a lot of what we experience |
| 1:29.8 | is here to stay yeah when you look at this if we look at inflation and this is data from the |
| 1:34.6 | Federal Reserve from 2005 all the way until now you can see that year over year it |
| 1:38.8 | kind of hovers around that like three to four percent range but here over the past few years it got as |
... |
Please login to see the full transcript.
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.
Copyright © Tapesearch 2026.

