Brian Preston Answers 'How Much Of My Income Should I Invest?'

CHAPTERS

00:12 - How much of our income should we be investing?
02:00 - Steps to 25%
03:45 - How long would it take to become a millionaire?
07:00 - Benefits of being a millionaire

#Investing #MillionaireGoals #MillionaireMindset #FamilyFinance #personalfinance

GUEST BIO - Brian Preston

Brian Preston is the author of the book "Millionaire Mission: A 9-Step System to Level-Up Your Finances and Build Wealth", founder and host of The Money Guy Show and Managing Partner and co-founder of Abound Wealth Management (an RIA with around $1 billion in assets under management).

With over 25 years of financial planning experience, he loves helping people implement simple financial strategies that go beyond common sense. He started podcasting as a passion project in 2006 out of pure enthusiasm for this new medium that allowed him to share the good news of financial strategy with the masses.

Fast forward to today, and The Money Guy Show is its own enterprise, helping millions of individuals build wealth and own their time through podcasts, YouTube videos, courses, social media posts, and more.

OTHER VIDEOS TO WATCH

Brian Preston (Money Guy Show): Financial Order of Operations

JL Collins Explains FU Money vs. FI Money

George Kamel: Mortgage Free Millionaires From The Baby Steps

MARRIAGE KIDS AND MONEY:

This award-winning YouTube channel is dedicated to helping families build wealth and thrive. Each week, Andy Hill shares actionable advice and tips for family financial independence. Also, he interviews personal finance experts, families who've achieved financial independence and work optional parents to inspire you to do the same.

BIO - ANDY HILL:

Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.

Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.

When he's not "talking money", Andy enjoys being a Soccer Dad, singing karaoke with his wife and relaxing in his hammock.

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CREDITS

Research & Writing: Andy Hill
Thumbnail: Ardi, The Thumbnail Wiz
Channel Management: Nev Maraj

[MarriageKidsandMoney]

How much of your income are you investing?

[robertiiiseibold]

Very great conversation here Brian Preston and Andy Hill. I'll be sharing this on some of my social media platforms.

My fav words used here: discipline and margin of flexibility

Least fav word: should

I see the heroes in each of you!

[SurpriseMeJT]

It's interesting to hear that when someone is autonomous and allowed to work the way they want to work, that they enjoy their work more and are more productive. So many companies only care about micromanaging.

[turbografx]

since paying off the house last year, we've been investing at about 30%. so much easier without debt

[kaynenbrown]

25% seems like saving too much money while we’re young to have a ton of money when we’re old. If a couple who’s 28 makes $120, 000 household income and retired at 65. 25% of their income for those 37 years would end up being almost 7 million dollars assuming a 8% return. Not counting social security. I can’t spend 7 million at 65. Expenses are no where near that amount. Maybe 25% would be feasible if you would like to retire at 48-50. If not I think you just may die with 3-4 million which means you essentially worked the last 10-12 years of your job for free. Time would have been better spent just retiring earlier and spending it with family or just investing less of your income.

[TheFirstRealChewy]

Good segment and a good reason to keep investing. I can't kick my feet up and relax until I'm FI.

[financialphilosophers]

Prior to entering a period of significant financial change, we were investing 30% and felt very good about those amounts.