Why High Paid Americans Are Actually BROKE!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 5 March 2021
⏱️ 54 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | Well, how paid Americans are broke? |
| 0:03.2 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:11.2 | investing, taxing. |
| 0:13.0 | You got financial questions, he's got financial answers. |
| 0:16.6 | It's Brian Preston, the money guy. |
| 0:20.0 | Brian, I'm excited about this show and this is why, because generally speaking, having |
| 0:24.6 | a big shovel is a good thing, right? |
| 0:27.3 | So we talk about all the time that folks with big shovels, big incomes, generally that |
| 0:31.6 | works out really, really well. |
| 0:33.2 | Yet, in today's show, we're going to talk about why even those folks who have big and |
| 0:39.4 | the biggest of shovels still wind up broke. |
| 0:44.2 | It's so annoying, Bo, that I think the general public doesn't know there's a huge distinct |
| 0:49.9 | difference between rich versus wealth. |
| 0:53.7 | Here's the thing. |
| 0:54.7 | Look, anybody can look rich. |
| 0:57.1 | It's just, you can look like it's just falling off of you and it's just you're faking |
| 1:04.4 | it. |
| 1:05.4 | I mean, there's even a great commercial out there where the guy has his beautiful house, |
| 1:10.2 | his beautiful car, his beautiful family in front. |
| 1:13.8 | He's even on his riding lawnmower and he's got his swimming pool and then we pulled it |
| 1:17.8 | up and then he says the key tag on, how do I do it? |
| 1:21.0 | You may wonder how I do it all because I'm in debt up to my balls. |
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