Why Even High-Income Earners Still Feel Broke

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

🗓️ 8 August 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Think making $150,000 a year means you're set for life? Think again. In this episode, we break down five critical mistakes high-income earners make (from lifestyle creep to chasing complex investments) and share how to build lasting wealth no matter your income level. ⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠ 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. ⁠⁠NordVPN.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's so funny because when you look at the guys, that's never a topic of conversation. Yeah. What you look like? Yeah. Did you watch the football last night? It's never about, I'll watch your skincare routine. Whereas women walk into a room and because we've been taught to be pitted against each other. Yeah. Not always, but sometimes there's, oh my God, you know, I can't. It's a bit of a barrier. Yeah, yeah. and it shouldn't be there.
0:01.1	We should be trying to change that stereotype. always, but sometimes there's, oh my God, you know, I can't. It's a bit of a barrier. Yeah, yeah, and it shouldn't be there.
0:22.2	We should be trying to change that stereotype, believing that there is space for everybody.
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0:57.4	You will not believe how many high earners are terrible with money, but we're going to reveal
1:03.2	that today.
1:10.3	Brun, I am so excited because we know that while your income can be your greatest wealth
1:15.7	building tool, it's not everything. In fact, the disconnect between high earning and financial
1:21.4	well-being is one of the most widespread yet misunderstood phenomena in all of personal finance today.
1:28.6	So today we're going to reveal why high earners still struggle to build wealth,
1:33.2	what they could do better and what you can take away. Regardless of your income, let's jump
1:37.8	right in. Yeah, people like to say that money can't buy happiness, but how many of us actually
1:43.6	believe that mindset?
1:45.5	More importantly, is it really true?
1:47.5	Because we know that 71% of Americans, this is according to Empower, say that having more
1:53.6	money would solve most of their problems.
1:56.5	Well, I mean, that's rich folk talk.
	...

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