What Americans Get Wrong About Building Wealth
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 28 January 2022
⏱️ 39 minutes
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Summary
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| 0:00.0 | What Americans get wrong about wealth building? |
| 0:03.7 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:10.6 | investing, taxes. |
| 0:12.6 | You've got financial questions, he's got financial answers. |
| 0:15.8 | It's Brian Preston, the money guy. |
| 0:19.8 | Yeah, Brian, I am so, so, so excited about this show because I think a lot of folks have |
| 0:25.2 | some misinformation or the wrong idea about what it actually takes to build wealth, specifically |
| 0:31.3 | in this country, at this time, in this day and age. |
| 0:34.3 | And we've been doing this long enough now. |
| 0:36.0 | We've seen the tried and true steps that you can take, the tried and true methods to |
| 0:41.4 | actually build wealth. |
| 0:42.4 | So we want to kind of flip the script and set the record straight on the right ways to |
| 0:46.2 | do it and how not to fall into that broke category. |
| 0:48.7 | If you've ever been curious how wealthy people do it legitimately, not what's in some |
| 0:54.6 | brochure, what's in somebody's glossy sales process, we're going to show all that today. |
| 1:01.0 | But first, let's set the table, though. |
| 1:02.4 | What I would like to do is go over some stats that prove without a doubt most Americans |
| 1:08.6 | are failing on the wealth building process. |
| 1:10.9 | Yeah, so the first stat, this one, this one just like, if you want to think about one that |
| 1:14.3 | makes our blood boil, this is it. |
| 1:17.0 | 47% of credit card users carry a balance. |
| 1:20.7 | That means 47% of folks who use credit cards make the decision every month, hey, I'm not |
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