Money Guy Show Why Even High-Income Earners Still Feel Broke
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Aug 8, 2025 High earners often feel broke due to common pitfalls like lifestyle creep and risky investments. The podcast reveals that financial security isn't just about a high income; it requires discipline and smart strategies like the 60-40 rule. Self-awareness in spending is crucial, as is avoiding complex investment schemes. Emphasizing simplicity over complexity can lead to better financial decisions. Timely planning and expert advice are key to navigating the financial maze and building lasting wealth.
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High Income Doesn't Guarantee Security
- High income does not automatically lead to financial security or happiness.
- Many high earners live paycheck to paycheck despite earning over $150,000 per year.
Wealth Amplifies Your Core Habits
- Wealth amplifies who you already are, not just how much you make.
- People often spend more as income rises, so they keep less than expected.
Aim to Save 25% Of Income
- Save at least 25% of your gross income to build true wealth.
- Make disciplined saving a priority regardless of income level.