What Wealth Looks Like By Age! (Are You Actually Wealthy?!)

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

🗓️ 14 February 2020

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What does wealth look like? It depends on a lot of factors including your age, lifestyle, and savings rate. So, how do you know you're on the right track to building wealth and achieving financial abundance?

Our "5 Levels of Wealth" show really struck a chord with The Money Guy family. So, we're unpacking what each level looks like at each stage of life. Which levels are achievable at your age? Do the levels look different in each decade? Let's explore what it looks like to be wealthy in your 20s, 30s, 40s, 50s, and 60s!

For more information, visit: https://www.moneyguy.com/2020/02/what-wealth-looks-like-by-age/

Transcript

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0:00.0	What does wealth look like?
0:01.7	What all depends?
0:03.1	Age?
0:03.9	Where you are in life?
0:05.3	How successful you are with savings goals?
0:07.8	We'll cover all that and more on today's episode.
0:11.5	It's Brian Preston, the Money Guy.
0:14.6	Restoring order to your financial chaos.
0:17.6	Retirement.
0:18.5	Investing.
0:19.5	Taxing.
0:20.4	You've got financial questions.
0:22.1	He's got financial answers.
0:24.0	It's Brian Preston, the Money Guy.
0:27.5	That's right, Brian.
0:28.3	I'm so excited because we did a show a number of months ago.
0:31.0	We talked about the different levels of wealth.
0:33.4	We think, just like in most things financial, there's a progression that you work through.
0:37.8	We said, okay, well, that was good, but we can take it even a step deeper.
0:42.2	We can look at levels of wealth based on age.
0:46.1	It ties in because the algorithm lets us know this is a hot topic.
0:50.0	People are loving this information, but there's a huge difference.
	...

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