The SIMPLE 3-Step Formula to Build Wealth w/The Money Guy Show
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- Опубликовано: 27 июл 2024
- The formula to build wealth isn’t complicated. Most American millionaires have figured it out, and you might have as well. It’s safe to say that almost every wealthy American has followed these three steps that lead to a life of riches. If you follow the same path, you, too, can end up with financial independence, early retirement, and generational wealth that will propel your family forward. But, even though these steps are simple, most Americans can’t or won’t follow them.
Joining us in the fight to help every American reach financial freedom are Brian Preston and Bo Hanson from "The Money Guy Show." Brian and Bo both boast numerous financial acronyms after their names. As licensed financial professionals (CPAs, CFPs, PFSs, CFAs), it’s fair to say that they know their way around a portfolio. They’ve been helping their clients and podcast listeners build wealth no matter what stage of life they’re in. And their newest study on millionaires has illuminated some surprising takeaways.
In today’s show, Brian and Bo break down EXACTLY what millionaires are doing that average Americans aren’t, the three core principles you MUST follow to build wealth, diversification vs. concentration, and whether or not real estate should be a part of your portfolio. So whether you just got your first job, are nearing retirement, or hover somewhere in between, Brian and Bo give actionable advice you can take away to not only build wealth but keep it for generations to come!
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Episode #404
00:00 Intro
00:50 Money Moment
01:12 The 3 SIMPLE Steps to Wealth
05:40 Secrets of the Average American Millionaire
15:27 The Right Way to Invest in Real Estate
23:21 Diversification vs. Concentration
33:26 Getting Wealthy vs. Staying Wealthy
38:49 Will High Interest Rates Hurt Investing?
44:54 Connect with The Money Guys!
I listen to both podcasts religiously and so glad you guys came together to chat! Great episode gentlemen!
Me too.
We loved having this conversation with Scott! Our goal is to share life-changing financial strategies that can help people build wealth and focus on what really matters. It was great to join forces with another expert who gets it! Thanks for having us, BiggerPocekts. 👍
Thank YOU for joining us! A privilege to chat with you!
This is one of my favorite shows, I've been following them for years.
Oh my God I love money guy show
Two of my favorite shows at one time.
Two of my favorite shows collide! What a treat 🤸♀️💕
Unreal, 2 of my favorite shows in one.
Two of my favorite podcasts collide, I love it!
18:30 bo is 100% correct. People fail yo realize real estate investing is risky ..especially as home prices decrease in recession high interest rate times
31:16 my portfolio needed this advice. Thanks for bringing this up Scott!
Insanity! It’s the double dip we didn’t know we needed but so happy we got it!
What a treat!!! ❤ My two favorite shows!!
Spent 20 years building 2 businesses and they are worth 1.3 million. Since 2020, been going heavily into stocks and ETFs with the revenue they throw off. But only about 3% is in market equities at this point. I’ll get there and this show is a big help. Oh, and Scott, it was great to watch your show for the first time. You now have a new subscriber.
Loved seeing the collaboration and sound insights.
Collab of the century!! 🎉
Yes! Can’t wait! Two best finance shows on RUclips!
Money Guys are my fav ❤
Great show! Thanks for all the great nuggets!
Wow when worlds collide! Love it!
Dang. Great crossover
Quit setting the gauge for middle class people start with a poor impoverished person
If you are “poor impoverished” maybe focusing on building wealth should be step two. Step one could be improving your situation through education, job change, lifestyle change, etc. You can’t build wealth living paycheck to paycheck. You can’t stop living paycheck to paycheck if you spend more than you make. It’s difficult, but it can be done. Good luck with everything. We are all rooting for you!! :-)