-
▼
-
▼
Becoming a millionaire doesn’t guarantee future financial success or even that you’ll remain a millionaire. There are a few BIG reasons some millionaires lose their wealth. Learn why some millionaires go broke, what they do wrong, and how you can protect yourself and your finances.
Research and resources in this episode:
- The Millionaire Next Door by Thomas J. Stanley and William D. Danko
- Parents Helped Adult Children at Their Own Expense Due to Pandemic (Debt.com)
- Poll: Many parents have helped adult children financially since 2020 (CreditCards.com)
- Generational Wealth: Why do 70% of Families Lose Their Wealth in the 2nd Generation? (Nasdaq)
- Cognitive impairment in the U.S.: Lifetime risk, age at onset, and years impaired (Science Direct)
- Consumer Price Index for All Urban Consumers: All Items in U.S. City Average (FRED)
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
5 Insights from Successful Retirees
What do you think of when you hear the word “retirement?” Our imaginations, and actual outcomes, vary wildly when it comes to retirement.
Articles
Inflation Unexpectedly Reversed Last Month. Here’s What That Means.
We hit a major milestone in the fight against inflation last month: prices actually declined month over month for the first time since the early...
Articles
Why Forecasting the Future of Inflation (and Interest Rates) Is So Difficult
We are not in the business of making predictions at The Money Guy Show. In fact, if you’ve watched or listened to the show for...
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
The Biggest DIY Investing Mistakes (And How To Avoid Them)
Are your investments as efficient as you think? From asset location between Roth IRAs and 401ks to outdated beneficiaries and market timing, we cover the...
Episodes
Are You a Wealth Builder Or Buster?
We don't want no scrubs! In this special livestream, we break down 7 habits of wealth builders and everyday millionaires - from living below your...
Episodes
They Want to Retire Early. Their Lifestyle Says Otherwise.
Can this couple retire early while traveling, raising kids, and enjoying their money today? Gina and Jaime want to retire early, but we show them...