-
▼
-
▼
Wealth creation is surprisingly simple. You need discipline, money, and time. So why do so many Americans have a poor money mindset and miss the mark when it comes to personal finance? The 10 stats in this episode are simple, real world reminders of how powerful a few small financial decisions can be. Keep these powerful stats top of mind to help you stay grounded, motivated, and on track to build wealth.
In this episode, you’ll learn:
- What decisions are actually derailing your finances (Hint: It’s not Starbucks.)
- Crucial, yet simple wealth building steps that most Americans miss
- How your career and education can impact your financial life
- How powerful your dollars are in yours 20s and 30s
- Common misconceptions about modern millionaires
Research and resources from this episode:
- The Money Guy Show Resource Page
- Survey: Fewer than 4 in 10 Americans could pay a surprise $1,000 bill from savings (Bankrate)
- New Report: How Credit Card Debt Impacts the Average American (Clever)
- Credit Card Debt in 2020: Balances Drop for the First Time in Eight Years (Experian)
- State of the Auto Finance Market Q4 2020 (Experian)
- Car Depreciation Rates (Direct Express Auto Transport)
- Personal Saving Rate (FRED)
- A Look at the Shocking Student Loan Debt Statistics for 2021 (Student Loan Hero)
- Current Student Loan Interest Rates and How They Work (Nerd Wallet)
- Panicked universities in search of students are adding thousands of new majors (The Hechinger Report)
- Agglomeration and Job Matching among College Graduates (Federal Bank of New York)
- 70% of Rich Families Lose Their Wealth by the Second Generation (Money)
- What’s the Median Retirement Savings by Age? (Synchrony)
- Social Security Fact Sheet (SSA)
Enjoy the Show?
Where You Can Watch and Listen:
Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:
- Episodes of The Money Guy Show every Friday
- Episodes of Making a Millionaire every other Monday
- Mini-shows every Wednesday
- Ask Money Guy Livestreams every Tuesday
- Tons of other fun content!
Free Resources
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Articles
Articles
How To Win With Money in Your 20s (and Set Yourself Up for Life)
The first decade of adulthood is one of the most important periods of your life. The course your life takes when you are younger can...
Articles
6 Financial Changes To Make in 2026
There is no need to wait until an arbitrary date on a calendar to make positive changes in your financial life, but if you are...
Articles
How To Build Wealth With an Average Income
Americans aren’t feeling good about their finances. Last year, 16% of Americans said they believed their financial situation would be worse in a year. Now,...
Financial FAQs
Courses & Tools
How about more sense and more money?
Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Recent Episodes
It's like finding some change in the couch cushions.
Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.
Episodes
What to Do for a Happy Retirement feat. Wes Moss
Retirement happiness isn't just about money. We build our dream retirements with Wes Moss and share what the data says really matters most about a...
Episodes
Can a $100K Family Ever Get Ahead?
Daniel and Hannah are back on Making a Millionaire with major life updates! A car crash, an appendectomy, and a Disney trip later, this couple...
Episodes
The Uncomfortable Truth About Financial Advisors
Is a financial advisor worth the fee? Not all financial advisors are created equal, and in this episode, we break down fee structures, the real...