The Money Guy Show | Americans Are Broke
6/5/202634 min
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Americans aren't broke because of inflation, housing prices, or interest rates. The real reasons go deeper than that, and the good news is they're all within your control. Financial Advisors, Brian Preston and Bo Hanson, break down the three core reasons most Americans struggle financially, from the money knowledge most of us were never taught to the costly habits we keep repeating, and share what you can do to stay in control of your financial journey!
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First 90 secondsBrian Preston· Host0:00
Americans are broke for three reasons, and none of them are inflation, housing prices, or interest rates. They're actually things you have much more control over Brian, I am so excited because today we're not just gonna show you the three main reasons Americans are broke, but we're also showing you how to make sure you don't end up on the wrong side of the statistics. I'm Brian, he's Bo, and we're financial advisors here to show America there's a better way to do money. And with that, let's dive right in.
Bo Hanson· Host0:26
[gentle music] Yeah, Brian, right now it's really easy to put all the blame on our finances on factors that are working against us right now. We can think about high inflation, low housing affordability, all the other things going on. And while those do have an impact on our finances, we think that there's something deeper going on that's likely impacting the finances of most Americans.
Brian Preston· Host0:56
We're financial advisors. We've been doing this for decades, so we know that there's more than just the economic stuff that's the problem.
Bo Hanson· Host1:03
Yeah, we really think there are sort of three main reasons why a lot of Americans are broke. Number one, we don't do what we should do. Number two, we do do what we shouldn't do. And number three, we don't know what we don't know.
Brian Preston· Host1:17
I, I think it's important. Let's go ahead and let's do that backwards. Let's start with we don't know what we don't know.
Bo Hanson· Host1:24
Yeah.
Brian Preston· Host1:24
What do we mean by that?
Bo Hanson· Host1:25
Yeah, this is a huge one. There's some stuff, some basic financial principles that we think are