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, Investing, Business

4.7 • 3.1K 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	This episode is presented by eBay.
0:03.8	Rob, everyone loves a deal and a bargain from time to time, don't they? Absolutely, mate. And do you know where you can grab a great deal? Talk to me. Where? The eBay app. Yes, you are correct. You didn't need to talk to me. I already knew it. I love eBay. When you're buying, you can discover loads of hidden gems. there's so many items where you think I would have never found that anywhere else.
0:23.7	Then when you're buying, you can discover loads of hidden gems. There's so many items where you think I would have never found that anywhere else. Then when you're selling, it's so simple and most
0:25.9	importantly, free. It's free, Rob. When it's this easy to sell for free and there's great deals
0:31.6	on things you love. You can't help but say when it's eBay. It excludes vehicles and business
0:35.9	sellers.
0:44.6	Race the rudder. Raise the sales. Raise the sales. Captain and unidentified chip approaching.
0:51.5	Over. Roger that. Wait. Is that an enterprise sales solution? Reach sales professionals,
0:56.6	not professional sailors. With LinkedIn ads, you can target the right people by industry, job title, and more.
0:59.9	Start converting your B2B audience into high-quality leads today.
1:03.8	Spend 200 pounds on your first campaign and get a 200-pound credit for the next one.
1:06.6	Go to LinkedIn.com slash lead to claim your offer.
1:07.8	Terms and conditions apply. You will not believe how many high earners are terrible with money, but we're going to reveal that today.
1:20.5	Brun, I am so excited because we know that while your income can be your greatest wealth-building tool,
1:26.7	it's not everything. In fact,
1:28.6	the disconnect between high earning and financial well-being is one of the most widespread
1:34.2	yet misunderstood phenomena in all of personal finance today. So today, we're going to reveal
1:40.0	why high earners still struggle to build wealth, what they could do better and what you can
1:45.9	take away. Regardless of your income, let's jump right in. Yeah, people like to say that money
1:50.8	can't buy happiness, but how many of us actually believe that mindset? More importantly,
1:56.9	is it really true? Because we know that 71% of Americans, this is according to Empower,
2:02.7	say that having more money would solve most of their problems.
	...

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