Ep. 399 | The Proven System to Become a Millionaire - Brian Preston

📌 I've been a big fan of Brian Preston and ‪@MoneyGuyShow‬ for years, so it was so fun having Brian on the show to talk money and discuss his new book "Millionaire Mission: A 9-Step System to Level-Up Your Finances and Build Wealth."
The reason I was initially drawn to Brian, besides his super friendly demeanour (and that amazing southern accent), is he just tells it like it is. No fluff. No BS. Just damn good financial advice. And that's because he has over 25 years of financial planning experience, so he's seen it all and he knows bad advice or people just trying to get clicks online when he sees it. But more than that, you can tell that he genuinely loves helping people improve their financial lives, which is likely why he's helped millions of people over the years get out of debt, save more money, and build wealth through his podcasts, KZbin channel, courses, social media posts, and his Abound Wealth Management company.
For anyone looking for a clear guide on how to build wealth so they can eventually become a millionaire, Brian has some great strategies he shares in this episode as well as his book (which don't forget, I'm giving away a copy of!).
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CHAPTERS
00:00 Introduction
02:42 Guest Background
05:28 Different Business Models in Financial Planning
08:50 The Importance of Fee-Only Financial Advisors
11:32 The Challenges of Being a Fee-Only Advisor
14:46 The Need for Financial Education
16:48 Beware of Get-Rich-Quick Schemes
18:43 The Slow and Steady Path to Wealth
20:51 Introducing the Financial Order of Operations (Foo)
23:18 The Journey to Creating Foo
24:02 Debunking Debt Myths
26:03 Investing: Where to Start
28:47 The Three Ingredients to Building Wealth
31:26 What Brian Preston Does with His Money
42:32 The Importance of Pre-Ordering the Book
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TAKEAWAYS
• Fee-only financial advisors prioritize the best interests of their clients and do not receive commissions from selling products.
• Financial education is crucial for making informed decisions and avoiding scams.
• Beware of get-rich-quick schemes that promise easy and fast wealth.
• Building wealth is a slow and steady process that requires patience and discipline. Consistency and authenticity are key to building success and maintaining engagement with an audience.
• The Financial Order of Operations (Foo) is a nine-step system that provides a framework for managing personal finances.
• Debunking debt myths is crucial in making informed financial decisions.
• Investing in index funds is a recommended strategy for building wealth.
• The three ingredients to building wealth are discipline, money, and time.
• Personal financial strategies should be aligned with individual goals and circumstances.
• Pre-ordering 'Millionaire Mission' supports Brian Preston's mission of improving financial literacy.
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RESOURCES
📌 Grab a copy of Brian Preston's book Millionaire Mission amzn.to/3QpbU6C
📌 Check out The Money Guy Show moneyguy.com/
📌 Enter to win a copy of his book jessicamoorhouse.com/contest
📌 Show notes & transcript jessicamoorhouse.com/399
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ABOUT ME
I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, content creator, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and run my own business, MoorMoney Media Inc., to educate others about financial literacy. To learn more, check out my website jessicamoorhouse.com
#personalfinance #financialliteracy #money
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DISCLAIMER & DISCLOSURE
The content I produce is for education and entertainment purposes only. Nothing on this KZbin channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: jessicamoorhouse.com/disclaimer/

[@MoneyGuyShow]

We really enjoyed hanging out, Jessica! Thank you for the meaningful (and fun) conversation 💙

[@jessicamoorhouse]

It was such a pleasure on my end and good luck on the book launch!

[@ld5714]

I listen to Brian and Bo every day. They are a hoot and have outstanding content.

[@jessicamoorhouse]

Couldn't agree more, those guys are great!

[@xoReni]

Thank you for introducing me to Brian! Thoroughly enjoyed this episode 😊

[@jessicamoorhouse]

He's literally the best!

[@vano00293]

The crossover I didn’t know I was waiting for!

[@jessicamoorhouse]

Yay! It was honestly such a treat to have him on my podcast, been following him for years.

[@numanshakir2]

Love to watch your useful videos

[@jessicamoorhouse]

Thanks!

[@Majrapodcasts]

❤thanks for this podcast

[@jessicamoorhouse]

Glad you enjoyed it!

[@pauldgreep]

Do you think he could do a "Canadian" pdf when the book comes out to translate some of the American terms to Canadian and perhaps adjust some of the info (i.e. average rates of return in US v. Canada, etc. or tax differences)

[@jessicamoorhouse]

I doubt that's something he'll do since he's U.S.-based and that's where his expertise is, but nonetheless a great idea. But this is also why as a Canadian it's important to read financial books by Canadians who can speak to those differences. Mike Drak, Frederick Vettese, and Larry Bates have got some great Canadian-specific books for example. I've also got a running list of finance books by Canadians here: www.amazon.ca/shop/jessicaimoorhouse/list/311B7APBIS2QH?ref_=aip_sf_list_spv_ofs_mixed_d