“Most People Are Broke!” America’s #1 Wealth Killer NO ONE Talks About! | The Money Guys

Listen to this episode from The Iced Coffee Hour on Spotify. Bizee: Start your business with confidence at https://Bizee.com/ich Cook Unity: Go to https://www.cookunity.com/ichfree for Free Premium Meals for Life. Pipedrive: Get started with a 30 day free trial https://pipedrive.com/iced Shopify: Sign up for a $1 per month trial period at https://shopify.com/ich Follow The Money Guy Show: On Youtube - https://www.youtube.com/moneyguyshow On Instagram - https://www.instagram.com/moneyguyshow/ Website - https://moneyguy.com/ Apply for The Index Membership: https://entertheindex.com/ Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: [email protected] For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00:00 - Intro 00:00:59 - Early podcasting & wealth management 00:03:00 - Why people should listen to you 00:05:07 - Can anyone make it in America? 00:06:52 - Excuses for financial failure 00:07:51 - Dumbest financial mistakes 00:16:57 - Sponsor - Bizee 00:18:05 - Traits of financially responsible people 00:23:07 - Worst tax mistakes 00:26:44 - Adjusting advice by financial position 00:30:00 - Balancing risk with income 00:34:50 - Sponsor - Pipedrive 00:36:22 - Optimal amount of money to have 00:42:10 - Are we in a debt bubble? 00:44:55 - Dollar-cost averaging 00:47:09 - Best money-making opportunities today 00:53:31 - Downsides of AI 00:58:08 - Most criticized money opinion 01:00:05 - Who should hire a financial advisor 01:03:10 - Sponsor - CookUnity 01:04:09 - Sponsor - Shopify 01:05:36 - Biggest account managed 01:06:10 - How much financial advisors earn 01:18:15 - ChatGPT as financial advisor 01:22:09 - Preventing high-risk investments 01:24:30 - Giving bad advice 01:28:35 - Personal income goals 01:30:49 - Future of the U.S. economy 01:32:08 - Thoughts on government spending 01:33:56 - Is now a bad time to buy a house? 01:51:33 - Matrix conversation 02:00:27 - Are credit card points a trap? 02:00:54 - Should those under $100K net worth buy crypto? 02:01:16 - Is debt for investing ever smart? 02:01:41 - How many income streams is too many? 02:02:14 - Most irresponsible money habit 02:07:16 - Using AI to get deals online *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices