Why Americans Are Actually Broke! (2023 Edition)

you ever wondered why Americans are broke and what you can do to make sure you're on the right side of wealth building [Music] Brian I am excited about this because we're not going to focus on the negative we're not just going to stay in the area of why Americans are broke but we're actually going to break it down and tell you how you can do it better so that you don't fall into that camp well first I I want to throw some shade at my country okay we're loaded I mean if you look at GDP standards America is the land of opportunity land of riches we are are from comparison of all the other countries our GDP makes us the wealthiest country on the planet how ever yeah there's a big butt however if you look at savings rates of Americans we stink yeah check this out this is a detail of the top 10 countries by savings rate relative to their GDP their gross domestic product and what you'll notice okay so see if you can find the United States United States United States it's not on there it's actually not in the top ten which is astounding we are such a wealthy country but we are so so so poor at saving yeah if you want to know um Bo didn't give you the rest of the story you see the top is Norway 22.4 percent Ireland closes out the top 10 at 12.7 America if you want to know where we fall one and a half percent one point five percent the only thing that gave us a little consolation prize about the whole thing was that Great Britain um you know been dominating since 1776 is that point eight percent so we are our neighbors to across the pond all right that's fair enough so but you may be wondering okay well why is this the case how can the country be so wealthy how can it do so well and yet savings rates be so low we're going to walk you through that some of the reasons why maybe the deck is stacked against us a touch and again how you can combat at how you can fight against it so let's jump right into these number one I thought this was quite interesting our retirement accounts are quite leaky yeah when you think about retirement accounts or the way that Retirement systems are set up in other countries across the world they make it very difficult to get to your retirement dollars very hard to access those dollars that are supposed to be safe for the future however here in America we make it a little bit easier to get to when this came up in the content meeting I had a double take I was like wait a minute say what because according to the research we found from the Atlantic 40 cents out of every dollar that goes into retirement accounts actually leaks out before people reach retirement that's right 40 cents out of every dollar is actually being distributed before people actually Reach This is specifically referring to 401K plans but we know we even talk about with Roth IRAs even those are easy for us to get to we always say that we can get to our basis the contributions we put in tax-free and penalty free so I think a lot of Americans are doing that whether it's tapping into the Ross or tapping into their IRAs or tapping into their 401ks we're just not leaving the money there to Workforce for the future so Bo how do we do it better let's talk about because we're gonna go through each of these how do we actually do this better yeah the first thing is never take money out of your retirement accounts now look we know that life happens and sometimes the emergency has come up and sometimes things happen outside of our control but here's what we don't have to happen if you leave a job and you go change jobs and you have an old 401k that doesn't mean oh great a bonus I'm just gonna cash out my old 401K that's not what you want to do you want to make sure that you let your retirement dollar stay in retirement accounts whether it's at the old 401K the new 401k or in an IRA rollover you don't want to take those dollars you don't want to consume them that needs to be an absolute last ditch thing that you do in your financial life I'm even gonna go uh make a bold statement that even though the provisions of our retirement rules and so forth is you can pull first time home money out you can pull money out for college expenses don't do it I mean I will tell you your your future self is going to need this money for retirement so so take it with the weight and the responsibility that that moment in the future calls for because you will despite the YOLO consumption life that is pushed Upon Us by the the financial media and all the social media people out there and the influencers you will likely live to a ripe old age and you'll need this money for the future another thing that you can do to protect yourself to do it better is earmark all your money for specific savings goals meaning let your retirement dollars be for retirement if you want to buy a vacation home have a savings goal for that if you want a new car have a savings goal for that make sure you understand the purpose behind your dollars and try not to cannibalize those purposes if you're saving money for retirement don't let those be the dollars that puts the pool in the backyard you are not going to set yourself up for future financial success I'm going to help us out figuring out another reason why Americans are broke is um number two on our list and it says dadgum Jones I mean I don't know who let these people move in down the street as soon as they moved in it seems like Americans lost their mind on trying to keep up with them that's exactly right we as Americans We All Fall prey to what's known as conspicuous consumption and maybe that's a vocabulary term you've never heard of or something you're not familiar familiar with conspicuous consumption is the act of purchasing goods or services simply for the purpose of display playing one's wealth of displaying one's Prestige you are literally trying to show off and in the world of the Joneses all we care about is do the Joneses see that I have the same thing going on that they have going on I I want to I want to prepare you for an old man on the front porch moment here is that I'm actually happy that I'm part of Gen X okay because we are of the age that when I grew up the only people you knew who were wealthy besides Robin Leach and the lifestyle for the Rich and Famous was you knew your community you knew your neighborhood and you knew the kids like you that surrounded you at school we had no idea whether we are rich whether we are poor and I think that actually helped us because the fact that you couldn't compare yourself to what social media brings everyone I mean it wasn't until I got to college that I was like what people have what I mean it was it was just one of those things I grew up K through all the time all the way up till I went to college I thought we were fine even though we were lower middle class all through my childhood and my dad even lost his job in his 40s and still never felt poor until we got to college and I was like whoa this is what people with money look like and I feel like that has been brought forward to everybody through social media it's one of the negatives out there is that comparison is definitely a lot more in your face and it's not even just the anecdotal story again the data from the Atlantic share that households that were exposed to more spending by the wealthy neighbors report more financial duress for themselves AKA they're they're trying to keep up with the Joneses and there's even a positive relationship between the income of a state's richest households and the number of bankruptcies in that state meaning that the more wealthy the households are the higher the level of bankruptcies this is because of conspicuous consumption this is because of people trying to spend for the sake of everyone else seeing how wealthy they are well I think there's a disconnect because there's a lot of people even people who don't have the resources they think when you reach a level of success or you start having some accomplishments financially you should go show people you have to what it looks like but the reality is and we know this we could have done the slide where we show you the Richer people are the poorer it sometimes seems like they look you know we could give the example of Zuckerberg are you talking about Jay-Z I mean there's so many examples start instead of trying to look rich I want you to start acting like the true wealth that's a perfect segue let's talk about how you can do it better first thing is know what wealthy people actually spend their money on it's not the flashy things the fancy watches the fancy cars the fancy houses understand where value exists and wealthy people spend money on things that they value not things that they perceive other people value yeah the the typical wealthy people are not they didn't get there by buying fancy cars fancy watches there's actually a lot of research that shows that people who are on the lower income Spectrum actually spend more good more money on the the fancy exotic Brands the Rolex watches and those things than even wealthy people do and the other thing you can do is choose to be wealthy actually be wealthy overlooking Rich make sure that you're surrounding yourself with people who care more about what your savings rate is in the future you're building and less about the car that exists in your garage and you may they say oh man that's that's hard me and my neighbors we don't talk about money we don't talk about the balance sheet we don't we have a community for you if you're not a member of our financial mutant Facebook group go to moneyguy.com figure out how you can become a member of that group because it is all people that are like-minded that are sharing those types of information it's the people that care about actually being wealthy not just looking wealthy and I want to get back to the root of what's going on with us keeping up with the Joneses first of all comparison is the thief of joy and I want you to just just repeat this after me this is one of those things someone is always going to have more money than you yep someone's always going to have less money than you I I deal with way too many people who make great incomes who buy all measurements should be completely happy with where they are from a financial perspective but because they're peer group take if you're somebody who makes we we know people who make seven figures annually yep that's right seven figures but because of who they run with they actually think they're poor I know that sounds ridic ridiculous but I'm just telling you be careful if you are running with a group and you have this comparison that makes you always feel like you're the poorest person of everybody who surrounds you you're probably not doing it right all right Brian so we're talking about why Americans are bad at saving money we talked about you know retirement accounts are leaky we try to keep up with the Joneses those are things that we can control those are behavioral but there are some factors that maybe are outside of our control and one of those is the cost of certain goods and services specifically over the past couple of years have absolutely skyrocketed yeah it's one of those things when I saw this graph I was like whoa that's younger people I understand sometimes why you're so mad when you see charts like this when you look at the rate of wage growth compared to what's happened with the price of vehicles as well as the price of home ownership holy cow it does not seem like this is ideal because look at this since 2020 the cost of housing has gone up 42 insane since 2020 the cost of cars and vehicles gone up 21 meanwhile wages are up 17 there is a disconnect there so what are some things that you can do how can you make sure again that you are keeping your life on track the first thing you can do is understand your financial guardrails understand when it comes to making big financial decisions when it comes to buying homes when it comes to buying cars you're getting the big decisions right A lot of people think that we are not wealthy because of the small incremental five dollar latte decisions oftentimes it's not the latte decisions the lambo does it it's the big decision so make sure you follow those financial guard rails in a really easy one to think about is when it's time to buy a home well yeah that's why we went ahead and this was so important because we have slides that seem like they keep coming up we're like let's just go ahead and strap the word rule on a lot of these things because it's going to help a lot of people when you buy a house first of all know how long you can be in this house if you can't be in there for five to seven years you should be renting you should not be thinking about buying a house if your timeline is less than five to seven years make sure if it's your first home you can put down three to five percent but if this is an upgrade house you need to be putting down 20 percent and then this is also one of those things look at your monthly expenditure take your gross income multiply by 25 that is the idea of where we want to keep your housing at because we want you to have some life we don't want you to be house rich life poor we actually want to have a nice balance there so that's a great guidance or a guard room on buying a home what about the second largest purchase that most of us make it's our automobile you know we love that when we love telling you that when it comes to buying a car we want you to follow 23 8. we want you to put 20 down on the automobile you should never Finance it for more than three years or 36 months and the total value of all of your auto payments not just each individual but all of your auto payments should not exceed eight percent of your monthly gross income and as a caveat if you're buying a luxury brand if you're buying a nicer automobile don't do 23.8 you got to have it paid off in one year if you say guys that sounds aggressive I can't pay this car off in one year we would argue you're buying too expensive of a car you should be looking at something different and we also want your monthly Investments to exceed your car payment but I do want to put a word of caution out there because I see people trying to find loopholes or and really working against themselves people know millionaires when you go read Millionaire Next Door and other things you find out that a lot of millionaires love Toyotas you know when we talk about buying a Toyota and using 23A we're talking about something like a camera something that's reliable transportation we're not talking about going and buying a Land Cruiser just because it's a Toyota that you can do 23.80 no I don't want you to shortchange yourself I when I'm talking about affordable reliable transportation that you can actually Finance I want you to be thinking about what is the lowest price point that lets this happen is that 15 000 is that 20 000 do not use 23 8 on a sixty thousand dollar vehicle you are working against yourself you're not finding a loophole that's going to allow you to have the car of your dreams while it's financed and think that the money guy show supports this Brian one other thing I think that we would be remiss if we did not mention this we talk about how much the cost of houses have gone up we talk about how much the cost the automobiles have gone up but another thing that is a very real issue in the world today is how much the cost of higher education has increased so if we're talking about these large expensive decisions that we make student loans has to be one that we camp on and we would argue that if you are a college-aged individual or if you're going to have children who are going to be going off to college and trying to provide them some advice or some counsel around how much student loan debt to take on we think that if you want to keep your guard rail in place to keep yourself protected not be one of those folks with that crazy low savings rate you need to aim to have your total student loan debt be less than what you expect your first year salary to be so if you're going to start a new job and you're going to make fifty thousand dollars a year when you start working try not to have total student loan debt in excess of fifty thousand dollars if you cannot do that perhaps the university institution you're looking at is not the institution you should be looking at or perhaps the major you are pursuing might not be the major that justifies the education you're going off to go get yeah I think the the rules that we laid out is definitely a great financial Foundation but I want to go beyond and also talk about because remember we're talking about cost of goods have gone way up so what are some other things that you can do to do this better is that you also I want you to lean hard into your fine Financial mutant skill set what I'm talking about there is be a contrarian you know a lot of people you've heard Warren Buffett and his famous quotas he's talking about being greedy when others are fearful fearful when others are greedy you really can hone in that contrarian mindset to understand when you look at housing when you look at like the Auto industry and you start seeing these bubble type Things fill it there's nothing wrong with kind of being patient waiting for the right opportunity reversion to the mean does happen so use those financial mutant skills to actually know it's okay to wait until things get more reasonable another Financial mutant skill as a like if you're thinking about college okay do I need to go to a traditional four-year University or might there be some trade school or vocational school or can I get my core competencies community community college and when I moved to my major then go to the four-year University can I pay my way through school can I have a job working on campus to work towards tuition there are outside the box ways that a financial mutant can approach making these financial decisions but you have to make sure you're flexing that skill so that you're not following the same trap the majority of America well I think education and investing yourself is one of the most powerful things you can do but you got to make sure it doesn't get disconnected from the value of what this is going to do for you in the long term and that's why I do like when people if you're looking at your major and you're looking at what things cost that's why if we can keep the student loans below the first year but also there is nothing wrong exactly what we just talked about going to community college and then transitioning into a bigger School make sure you are focusing on what the total cost of the education is to what you're expecting to get out of it value does matter when it comes to education I love it all right Brian so we talked about how prices have skyrocketed right that was the one that was outside of our control this next one this next reason why a lot of Americans are bad at saving money I again this is on us this is a behavioral thing we have not figured out how to practice deferred gratification and I think the Deferred gratification is maybe one of the absolute best financial skills best tools that we can have in our financial tools this makes complete sense present bias is a real thing instant gratification is look it's the same way with dieting or eating if I can go eat a Big Mac it makes me feel so good instantly when I'm eating it's only 30 to 45 minutes later that I go what the heck was I thinking well it's the same thing with most things Financial is that we could go out whether it's going out for a good time with your friends or in the moment you buy a little bit nicer car so that you look really cool or that outfit that you go buy for yourself for the weekend all that stuff feels so good whereas if I tell you deferred gratification investing in your Roth IRA and other things you're like what I don't get to do that for 20 30 years where's the benefit so here's what our guidance is I want you to make the good habits easy and make the bad habits hard but what do we mean by make good habits easy yeah what you want to do is you essentially want to make them automatic if there's something that you want to be doing figure out how you can structure in your life for that to be an automatic thing that takes place saving money is a really great example if you want to be a good saver and you want that to be a good habit and you want to make it easy focus on paying yourself first go ahead and set up as soon as your paycheck hits you want your Roth IRA to be funded you want your 401k contribution going you want your HSA contribution to happen you want to pay yourself first and spend what's left over not spend for yourself first try to save what's left over that's not making the good habit easy and then the way I like to talk about making bad habits hard is I just go ahead and allocate the money before it has a chance to be spent what I'm talking about is a concept I call for scarcity anytime I've gotten a pay raise or have additional income coming in I squeeze that and you can take an example of a 60 40 split 60 goes to expanding my automatic savings and Investments forty percent goes towards lifestyle what this does is it keeps you still expanding your financial mutant status and investing in yourself investing for the future and then as your spouse and others are trying to squeeze you to go spend more get that instant gratification moment there's just not dollars there to do it you made the bad habits hard because the money was already allocated somewhere else you too can take advantage of this and this is like most things though it sounds hard at first but the more you do it the easier it becomes it's like working a muscle that muscle will actually get stronger so it's okay to start small maybe maybe you're not trying to max out your 401K tomorrow but maybe instead of going out for lunch every day this week at work you're gonna pack your lunch yeah you're gonna make that small decision to make that an easy Habit to continue to carry out I I think you know that ties into you just said what can you do like pack your lunch small decisions can lead to big things but that's that's the thing whenever you go to any type of counseling or you see a therapist the first thing I do is talk about changing your mindset changing that inner voice and that's what I want to tell you is a lot of us I think you you need to refocus what is your priority and I want you to to train your inner voice to ask yourself what small decision am I making today that will impact not only the happiness of what's going on right now but also what is that Great Big Beautiful Tomorrow moment and that could be it could be starting that Roth IRA it could be saving fifty dollars a paycheck I just want you to do something I don't care how small it is just start the pebble rolling forward and you'll see that this can build to something tremendous and not too far in the distant future and then here's the last little bit don't just focus on your Finance if you're proving to be undisciplined in your financial life there's a good chance you're undisciplined in other areas of your life maybe you're not exercising the way that you ought to be maybe you're not drinking enough water maybe you don't have the healthiest diet if you can focus focus on deferred gratification and all of these other areas you'll be amazed at how they stack on top of each other small decisions in one area of your life can have impacts even in other tangential areas of your life that you weren't even expecting well it's funny you said I know whenever I you know say you go through a New Year's resolution moment you go exercise sure it's amazing when you start exercising more all of a sudden your dietary decisions you're like yeah I don't need the potato chips now I'll actually just I'll go grab an apple instead it does seem like they start stacking on pot on top top of each other the good habits attract other good behaviors I think that's an important thing even though it's outside of finances it's amazing how good things attract other positive behaviors and you can build upon them all right bro we're talking about why Americans are bad at saving money we've noted that our retirement accounts are leaky we try to keep up with the Joneses uh the cost of a lot of the things we consume have gotten more expensive we don't practice defer gratification and here's one that us nuts that if we could just tell every young person if we could just really get them on page with this we think it would change their life is that we as Americans we don't really understand exponential growth yeah this is one you know I just talked about in the previous section we're all about that instant gratification give it to me now I don't want to think about because it's just hard for me to conceptualize something that's good for me 10 15 20 years in the future man if they could just hang out with us and they just the money guy show let it drip on you and the fact that we talk about deferred gratification the benefit and we talk about the the mind works in a linear fashion but I want you to think about compounding exponential you will be a changed person yeah it's really it's really easy to think about we think on this linear path we think okay if I had 500 that I invest at 20 okay it'll be worth a thousand dollars by 30 and it'll be worth 1500 by 35 and then it'll be worth three thousand will be worth so on and so when it's on that's not the way that it actually works what actually works is when we can understand exponential growth we think about okay at 20 I put my 500 to work well by 30 it's grown to thirteen hundred by 40 it's grown to 3 600 by 50 almost 10 000 by the time it gets to 60 if I've compounded at 10 annually that 500 has grown to almost 27 000 we have to understand that exponential growth is powerful and we can have compounding interest working for us on our side it really can become the eighth wonder of the world uh I think there's been a lot of research out there is the more education we can share with people about exponential compounding growth the more likely people are to stick with I think there's one research study out there that shows that people who have learned about exponential growth there's a 70 percent better chance that they will actually focus on doing better in their retirement plans and other things and that's why look we try to create a visual some of you out there you're watching this and it's still not connecting you're like I need a visual I need an element that's going to help me connect on this we came up with the wealth multiplier we have two versions of this we have wealth multiplier for young Savers and we have a wealth multiplier normal the young Savers takes you from zero all the way up to age 35 the regular one takes you from age 20 all the way up to age 65. if you go to moneyguy.com resources it's going to show you what every dollar that comes in your possession has the potential to become there's a reason I had this Koozie if you can just let your money grow upon itself you'll think differently not only about how you save and invest but also how you spend because you're going to think a lot differently about that thousand dollar a month car payment if you think about what could that mean for me in the future go check out our wealth multiplier all right Brian so we're talking about how understanding compounding interest and how it works can be valuable can be beneficial but we also think there's another side of that coin and you have to understand how to have boiling point patients it's something you came up with on what is boiling point patients well I worry about people because when I started studying the behavior of becoming wealthy it's not it's not hard at all to get somebody excited initially about it I remember when I first graduated college I got every one of my close friends to read some of these key books in my life and they all funded their Roth IRAs in one year one one time year two they didn't fund it and I started realizing the stickiness of actually keeping the positive behavior is tough for young people because it's true the first five years you start saving investing you go back wait a minute the majority of this money is my money where's all this compounding growth these guys are talking about you get to year 10 you start seeing your 20 this thing's Rock and rolling year 30. so we actually we wanted to show an illustration that actually kind of talked about this and walked you through it because I need this to be sticky I need this to be a behavior that you set it and forget it not for five years not even for 10 years this this is something that's going to take decades but I promise you if you can hear me out on this boiling point it's not it's just like the water think about the water when you put it on a pot and remember a watch pot never boils it seems because that's the part it's the patience that you're going to be doing the behavior you're going to be putting the heat to something that looks no different whether it's zero all the way up to 212 degrees Fahrenheit it looks like nothing's going on but then it magically as soon as you reach the boiling boiling point you all of a sudden see it starts to Bubble Up it starts to work upon itself that's exactly what I need you to do with your money even though on the surface it might not look like you're doing this you safe you save you invest nothing is growing upon itself I promise you if you can give it enough time it will work both show them in real world what we mean by this yeah compounding takes time but when it takes hold it's amazing think about someone who's investing 500 a month that's what they're gonna do well after they've done that for 10 years they will have invested sixty thousand dollars when they look at their total account value 42 000 of growth will have taken place so they put in Sixty thousand and they've had forty two thousand of growth after 20 years though they've put in a hundred and twenty thousand they have two hundred and sixty thousand dollars of growth after 30 years they've put in a hundred and eighty thousand they've had nine hundred and fifty thousand dollars of growth and if you can do this for 40 years again just saving 500 a month after 40 years you'll have put in two hundred and forty thousand dollars and yet the growth the compounding interest the money that your money has made is over 2.9 Million dollars but you have to give it time to take hold you have to have boiling point patience here's what I think is interesting you see in that first decade you know three quarters of the money is you whereas when you fast forward to 40 years in the future now you're not even 10 of the money that's right it is like 90 plus percent of the account value is actually the growth meaning it's not your contribution your contribution years ago is the foundation but this thing has exponentially grown upon itself I feel I'm just sad I need people to get beyond the present bias actually let the money work let it be patient deferred gratification will pay in the long term but we get it you guys are saying okay guys this is a hypothetical that's an assumed 10 rate of return that's not how the market works that's not how investing works we understand that seeing is believing so we would encourage you go do some research go look it up go look at historical rates of return and let us help you let us show you how real world this can be if you have taken a hundred thousand dollars or you would have had a hundred thousand dollars invested in the S P 500 not not in anything special just at 500 largest companies in the United States in 1990 if you would have invested that hundred thousand dollars by the time we got to 2023 by the time we worked through that 33 year period that hundred thousand dollars will have turned into over 2.3 million dollars a real world example it's an annualized rate of return of 10.2 percent per year this is um I don't know how to explain this from a person my age I look back to 18 year old self 22 year old self and when I first got this understanding of what personal finance is compounding growth and let my money work as hard as I do with my back my hands and my brain I remember thinking man if only I had started you know I wish I was a little bit older so I could have been investing in the 80s because it sure does look like people who started investing 80s made a fortune that's when all the money yeah because I was in my I'm in the mid 90s when I graduated I'm at the back end before we get to the.com bubble and I remember thinking man this this isn't for me I don't know if I can do what happened in the 80s and then happened earlier in the 90s but here I am 20 plus years in the future and I'm now looking back and going thank goodness I started where I started and put a few hundred dollars to work and then consistently paid myself every month because now I look back and I go holy cow I'm at this point now when I do our net worth tool every year when you go to learn.moneyguy.com our net worth tool I'm in it it's kind of a race to see did my how much more did my net worth go up above and beyond what I made in taxable income that means when you get to that point it's something we look for in our net worth tool you're at Financial Independence you don't work because says the man makes you work so you can pay bills now you work because of the joy you own your time when this happens and I just worry about do people catch a clue that if they will just start the process because this will be repeatable if we look for at this 20 years in the future 30 years in the future the same people who might be starting it's ground zero right now are gonna be able to look back just like I have 20 plus years in the future and go man I'm glad I did it so don't let this moment pass you behind there are so many people out there telling you the system stacked against you this won't be repeatable somehow though when you look at the research and you see how long financial markets have continued to expand and grow this opportunity will repeat for you too you just have to start with small incremental decisions today yeah Americans might be bad with money and we might not look great on the world stage when it comes to savings rates but that does not have to be your story that does not have to be true about you if you can Implement some of these things we've described about ways that you can do it better if you can understand deferred gratification if you can stay inside the guardrails if you can capitalize on exponential growth you too can build wealth in this country and not be part of the statistic that says oh Americans only have a one and a half percent savings rate that does not need to be your story if you follow these things yeah we want you to be a financial mutant we want you to 10 times 20 times those savings rates that you can build your Great Big Beautiful tomorrow it's possible here's a great starting Place Go download all of our free contents if you go to moneyguy.com resources tons of free stuff if you look at that and you get excited about all of our content the free resources you say you know what I still would like to accelerate this in a curated fashion go check out our courses we've made these things very affordable very approachable because we're trying to accelerate you so you can reach the tippity top of the abundance cycle go to learn.moneyguy.com to accelerate your path and then you will reach that point of success remember abundance Cycles learn apply grow and reach that level of financial success that you need to co-pilot because your life no matter how simple you try to keep it if you have success financially it will get complicated and we'll be right there to be your co-pilot and you go check it out moneyguy.com you actually give us so much power to keep creating this type of content it never in 2006 when I started the original pie podcast this was a passion project to educate the masses and I got to tell you it's gone well beyond my highest expectations I ever could do and I thank you thank you for being a part of it I want you to go tell 3 5 10 100 people about this so we can continue to spread the abundance cycle I'm your host Brian Preston Mr Bo Hansen money guy team out

Channel: The Money Guy Show

Views: 219,689

Keywords: money guy show, debt, budget, cash, real estate, insurance, how to make money, save, credit card, compound interest, buying house, buy stock, success, personal finance, Why Americans Are Actually Broke! (2023 Edition)

Id: BExNm5ikm1U

Length: 34min 5sec (2045 seconds)

Published: Fri May 19 2023