The 9-Step Bulletproof Process To Becoming a Millionaire | Brian Preston

28 Oct 2024 • 39 min • EN
39 min
00:00
39:19
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Episode Title: "The 9-Step Bulletproof Process To Becoming a Millionaire" Host: Matty A Guest: Brian Preston, Author of Millionaire Mission and Host of The Money Guy Show Episode Summary: In today’s episode, Matty A sits down with Brian Preston, financial advisor, author, and host of The Money Guy Show. They dive into the nine-step framework from Brian's bestselling book Millionaire Mission and discuss the fundamentals of wealth building, disciplined investing, and the importance of financial education for sustainable wealth. Brian also shares insights on the current economic landscape, the value of homeownership, and why disciplined investing can beat any market trend. Key Topics Covered: The Millionaire Mission Book: Why Brian wrote Millionaire Mission and how the book aims to be the financial guide he wished he’d had at 22. 9-Step Framework for Wealth: A detailed breakdown of Brian's nine steps, from high deductible coverage to achieving financial abundance and paying off low-interest debt. Investment Mindset: Brian emphasizes the importance of investing consistently, focusing on low-cost index funds, and staying patient for long-term gains. Homeownership Debate: The pros and cons of real estate investment in today’s economy and Brian’s thoughts on balancing debt with ownership. Navigating Economic Trends: Thoughts on the Fed’s recent rate cuts, market reactions, and how inflation impacts different age groups. Time-Stamped Sections: [00:00:00] – Introduction: Matty A introduces Brian Preston and the episode's theme on building wealth. [00:01:00] – The Purpose of Millionaire Mission: Brian shares why he wrote the book and what he hopes readers will gain from it. [00:06:08] – Financial Order of Operations: Brian outlines the nine steps, focusing on long-term stability and efficient wealth building. [00:17:16] – Key Money Principles: The “three ingredients” to wealth and the importance of financial discipline. [00:22:08] – The Ownership Side of Wealth: Why assets, particularly real estate, are a powerful defense against inflation. [00:27:54] – Navigating Investments in a Volatile Market: Brian’s take on index funds, S&P 500 investments, and how to stay steady amidst economic change. [00:32:42] – Politics & Investing: Avoiding emotional investment decisions and focusing on data-driven strategies. Notable Quotes: Brian Preston: "Timing matters. Buying that Corvette in your twenties isn’t the same as buying it in your sixties. Invest in your future first, the fun can come later." Matty A: "Wealth is made in the crockpot, not the microwave. It’s slow until it gets fast." Calls-to-Action: Download Financial Resources: Explore Brian’s wealth-building frameworks at MoneyGuy.com/resources for free. Read Millionaire Mission: Discover Brian’s nine-step wealth strategy in his New York Times bestselling book. Check it out on Amazon and read the reviews. Episode Sponsored By: Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/ MY FIRST 50K!: Visit https://wiseinvestorcollective.com/ and submit your application to join!

From "Millionaire Mindcast"

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