Was It Easier for Previous Generations to Build Wealth? (Full Breakdown)

[00:03] from people who seem to think it's impossible to build wealth today. But are they right? Hey Brian, I am so excited because today we're going to do a full breakdown of the data including income, home prices, interest rates,

[00:17] inflation, and even college costs to see if we can get a more complete picture of if we can get a more complete picture of just how today's generation fares when we compare them to the baby boomers. And more importantly, what it means for your

[00:30] finances. So, I'm Brian, he's Bo, and we're financial advisors here to run the numbers and settle this debate once and for all. And with that, let's dive right for all. And with that, let's dive right in.

[00:47] be doing today is we're going to compare the numbers from 1980 to right now in 2026. Now, I feel like there's an important disclaimer that we to look at how the different generations fared. You are not a baby boomer. I'm

[01:02] actually a young Gen Xer. A young Gen Xer. I am not a generation Z. I'm a millennial. So, we actually sit inside in between these two generations. So, do not throw the daggers, do not throw the arrows at us cuz all we're going to do

[01:16] today is we are going to explain what the numbers look like then, what the should do about it when you have that information. we're going to be sorting jump right in and share what are the dates of birth for these generations.

[01:31] For the baby boomer generation, this includes people who are born between 1946 and 1964. So, if you were born right in the middle of that range, you'd be around 25 years old back in 1980. Okay,

[01:44] perfect. 25-year-olds in 1980 relative to what we're going to assume are 25-year-olds starting out today in the year 2026. And so, let's think about this categorically. Maybe the maybe the first place to start, first place to

[01:58] income. How much people are earning and what the earning power look like. Well, if we look at the median household income back in 1980, it was $17,020 per year, but we recognize that that money back then is not worth the same as

[02:14] today's dollars, that's the equivalent of about $68,000 of salary in today's dollars. >> I love that we have that adjustment this is a trend that we'll do throughout this show. So, we don't have to bring

[02:27] things forward so we can truly get into the data set here. And so, when you compare that $68,000 to where we are today, household income today is $83,730. I was shocked because you you hear about

[02:42] all these struggles, it's actually higher now than it would have been would be. >> Yeah, that's the big takeaway. When it when we think about income in isolation, it's gone up even adjusted for

[02:55] inflation. It's over $15,000 higher than it was in 1980. So, obviously, folks are making more money today than they were making in 1980, but yeah, yeah, guys, but but things are more expensive. Things cost more."

[03:10] So, now let's talk about inflation, and we know that inflation is just simply the general increase in the prices of goods and services over time. Something cost X number of dollars in the past, and because of inflation, it cost X more

[03:25] >> think it's interesting. We actually pulled the data, and we found out from 1980 all the way through 2025 that the cumulative price increase is around 290%. So, if you annualize that, it works out

[03:40] inflation. >> it's worthy of just pausing there for a hyperinflationary periods and all the stuff, we're looking at almost a 50-year data set here, and the average rate of inflation over that 50 years, over

[03:54] different market cycles, different types of environments, was about 3% pretty >> Now, we then said, "Okay, well, this means from a simple math perspective that goods are should be four times more expensive than they were in 1980." Now,

[04:09] this is where all the people who just saw what we did with income, you're going to now be able to we're going to be able to compare and contrast specific categories to see are things cheaper inflation-adjusted, or have they ran up

[04:23] in price much more than they should have even with taking an inflation into >> going to look at some consumer goods. Let's just start with a loaf of bread. If you look at the price, the cost of a loaf of bread in 1980, it was about 50

[04:35] cents for a loaf of bread. Today, a loaf of bread cost about a dollar and 81 cents. So, it went up 3.6 times. So, we're pretty close right there to that >> less. So, you see that it's bread's a little bit more affordable now than it

[04:49] was even back then, inflation-adjusted. >> Sure. All right. So, what about a gallon of gas? In 1980, a gallon of gas cost $1.22 per gallon. Today, it's a little over $4 a gallon. So, gas, you would say, is 3.3 times more expensive.

[05:05] a little less than you would anticipate. you're like, "Wait a minute, this seems like they've got their thumb on for the what you're going to see is you're going to notice a trend cuz we're going to

[05:19] we're shooting you straight. Like I said, we are just objective observers, not even part of either one of these generations. Let me show you the other "Okay, now they're really kind of sharing what's going on." 1980, if you

[05:33] can believe it, a car was $7,557. Go watch our old Prices Right, and uh it's just fascinating when you see Bob Barker showing these cars, and you see Barker showing these cars, and you see how cheap it is. Today, a car $49,191.

[05:47] If you do the multiplier on that, it's 6 and 1/2 times more expensive. You four times if we just did basic inflation. Cars have gotten significantly more expensive than they did back in the past.

[06:02] >> you even think in relative terms, in 1980, the price of a new car was around 1/3 the median household income. If you look at the price of a new car today, income because so automobiles have certainly gotten more expensive. So then

[06:17] "Okay, guys, I understand that but but inflation rates change over time, right? We look at the change of prices year over year, but sometimes we might be in high inflation periods and sometimes we might be in lower inflation periods." So

[06:31] I said, "Okay, well, let's look at the different periods." We know that in 1980, inflation actually reached a high of 13 and 1/2%, which is I would argue a

[06:43] >> Well, and that's what that's what's so unique about us using this case study or this period of time is that they have a lot of similarities in the fact that this in the early '80s, we did have this weird period where inflation was in this

[06:57] hyper accelerated state. Well, you know what, we just came through this pandemic where once again, we had a heightened state of inflation. But it is interesting to note that the inflation right now is 2.4%.

[07:09] However, we did just come through, like I said, post inflation mid-2022 when kind of all that was working its way through the system, we had inflation >> Mhm. >> So both of these periods have in common

[07:23] is that they had much higher inflation than historically what is normal. >> And but it is important to note that prices are higher now than they were then, but the baby boomer generation, they did face higher inflation when they

[07:37] were coming out, when they were starting their careers than what we've seen in recent years. That's not to minimize how painful 9% inflation was, but it's more to level set that 13 and 1/2% inflation is indeed worse than 9% inflation. Just

[07:51] >> I think a lot of people they go say, "Okay, you guys just did some basic household expenses between the bread, the gas. Okay, you threw me a bone with yes, cars are significantly more expensive." Let's let's talk about the

[08:04] What has actually happened with home prices? I'd love to see an objective analysis of the data on that. >> So again, if we look at the median home price in 1980, it was $64,600.

[08:17] today's dollars, that'd be the equivalent of about a $259,000 house was the median home price in 1980. >> Now, here's where you guys are going to see the separation to a degree. Let's look at the the median home price today,

[08:32] >> Way different. >> Now, look, I tried to balance this out a interesting that if you think about how the world is changing through square footage

[08:46] >> Okay. >> The new houses being built now, the typical home is a little over 2,100 square feet, a little under 2,200. >> are bigger, but still, I would still argue that um and I I would give that

[09:01] and other things they can build bigger homes for cheaper, but unfortunately has not translated to cheaper prices because houses are definitively more expensive >> So we can take these two points in time, the 1980 point in time, the 2026 point

[09:16] little bit of a disservice to housing cuz if we actually look at the median increase in house prices in the United States all the way from the '60s through now, what you can see is that it was a fairly steady line. Like it was kind of

[09:30] moving in what I would say is uh a realistic pace, a realistic increase, but there was in fact a very unique thing that happened post pandemic. We thing that happened post pandemic. We saw a a a season where home prices rose

[09:44] exponentially in a very very short period of time. Even though we saw a recovery post 2008, post great recession, it was not to the same extent that we saw post pandemic. So house prices did go up more rapidly in recent

[09:58] memory than they have really over the last 50, 60, 70 years. podcast listeners who don't unfortunately get to see this visual. of this business because if you look at the hockey stick that occurred right

[10:12] after 2020, it is amazing that housing prices went up in a lot of markets over >> Huge. >> That has created this weird weird thing. different if we were running this affordability analysis in 2020, not only

[10:28] from the interest rate side of things, but also on the standpoint of what the purchase price is. So a lot of it That's why we wanted to make sure we share this data with you because where we are right now is it is definitely elevated the

[10:41] States right now. >> interesting that you use the term affordability cuz when you think about how affordable was a house in 1980 relative to how affordable it is now if we assume the median household income,

[10:55] we assume the median household income, we know that in 1980 the house price to income ratio, meaning how many multiples of income would it take to buy a house in the United States is about 3.8. If we fast forward to now in 2026, that number

[11:09] fast forward to now in 2026, that number has now risen to 4.8. The median price has now risen to 4.8. The median price of a home today is 4.8 times the median income of a median income earning American. That number was only 3.8 in

[11:22] >> So we can definitively say two things. Housing prices have definitely risen dramatically relative to income. Housing prices have also increased much faster than overall inflation since 1980. So, if you feel like buying a house has

[11:37] It has gotten harder. >> Well, well, technically yes in terms of factors into the equation, right? We have to think about when it comes to buying houses. Most people are not able to pay cash for a house. They have to go

[11:51] out and borrow money to do so. So, then we said, "Okay, well, what if we analyze we said, "Okay, well, what if we analyze where were interest rates in 1980 versus now?" Because obviously price is one metric and then borrowing ability or

[12:04] capacity is the other. In 1980, if we look at the average interest rate that was present for a mortgage in 1980, it was actually 13.74%.

[12:18] mortgage rates super super high. That's pretty daunting. >> Yeah, and interest rates right now 6.36. Now, Will, when we come back and look at this data, I will say that moment in time in 1980, that's more of an outlier

[12:31] whole chart to show that, but it is interesting say 1980 specifically, 13 close to 14% for mortgage rates, currently we're just under 6.4%. interesting over this time period is again, if we look at the cost or the the

[12:49] 30-year fixed mortgage rate in the US from 1970 till now, you can see that right there in the 1980s is when it hit its all-time high, right there in the in its all-time high, right there in the in the early '80s. And really from 1980 or

[13:02] a little bit thereafter, all the way through post-pandemic 2021, we've sort interest rate environment. Now, obviously there have been fits and starts and ups and downs, but by and large, it's been moving to lower and

[13:17] lower and lower levels. They're bottoming out right around the 2020-2021 >> Yeah, if you if you think about that, essentially created a wind to your back affordability of housing is because as interest rates were going down over that

[13:31] 50-year period the lower the interest rate the lower the cost of your monthly payments was. And that's why it's probably such a stark contrast is that we went from mortgage rates which were around 3 to 4% to then we spiked them up

[13:46] to 6 to 7% definitely had an impact on what was going on with housing prices. >> So when we compare the two generations relatively, although houses were relatively, although houses were cheaper, were less expensive in 1980,

[13:59] borrowing was more expensive. It was a more difficult thing to do back then. So houses are cheaper, but borrowing is more expensive. How much of wallet did housing occupy?" So if we think, "What is the median monthly payment then

[14:16] versus the median monthly payment now?" Well, if we calculate that, in 1980, the median monthly payment, if we just assume principal and interest on a 30-year fixed mortgage with a median down payment of 28% down, which was the

[14:30] median down payment in 1980, it was a $542 per month mortgage payment, which represented about 38% of median household income. In today's dollars, that's the equivalent of about a $2,172

[14:45] data, the other thing that I thought was crazy is Do you know what the average down payment was back then? 28%. And and look, what I would attribute it that to is that more of the banks were self-sufficient, meaning that their

[14:59] underwriting process was substantially harder back then and they required you to have much larger down payments to even considered qualified to buy this house is because there weren't as many programs where the federal government

[15:12] backstopped it in a lot of ways. If you then fast forward and look at what we've done now, it is interesting that the typical payment now within a few dollars. >> 2,165.

[15:25] like we said, interest rates were substantially higher right then. Um but substantially higher right then. Um but it is as a percentage of income, 31% of payment now, you know, if you look across all bodies

[15:39] of the the data, is around 19% cuz you know, younger people putting down lower account, older people are putting down larger amounts, but the it's still 31% of median monthly income. >> So, the takeaway here is homeowners

[15:54] >> So, the takeaway here is homeowners today are actually spending a smaller percentage of their income on housing than homeowners were in 1980, but we would make the argument both of them are too high. Whether you're spending 38% of

[16:08] your income on housing or 31% of your income on housing, you're still running comes to housing, when it comes to making sure that you don't buy too much making sure that you don't buy too much house, we want you to follow the 3 5 25

[16:22] payment, you only have to put down 3% if it's your first home. We want you to make sure that you're in the home for at least 5 years, and we don't want your monthly payment, your principal, interest, taxes, insurance to exceed 25%

[16:36] of your monthly gross income. Well, obviously, on the median in 1980, they still the median American is exceeding that. >> I wanted to talk about just the general homeownership then versus now because I

[16:51] thought this was another one of those shock and awe or surprise moments when I was analyzing the data. The homeownership rate in 1980 was 65.5%. >> dream, buy a house, get in the home,

[17:05] >> Now, here's what's so odd to me is that I'm old enough that I've seen enough administrations and and come out I remember this is bipartisan cuz President Clinton when he was in office, he wanted to make homeownership a big

[17:19] part. He wanted to support the American dream. Fast forward, George W. Bush had all this home affordability. That was a big key, you know, key issue for his presidency as well. Fast forward, and here we are in 2025. What is the

[17:33] here we are in 2025. What is the homeownership rate in 2025? 65.5%. >> do you have all this involvement and all these things going on, and then the homeownership is pretty much level set to exactly where it was in 1980? Now, go

[17:48] people, I hear you. I see you out there and go, "Wait a minute. You can't just say that the data is the same." You're exactly right. From a generational standpoint, here's the where the

[18:00] shocking part is. The median age for first-time homebuyers >> That's what I remember. That's what it sound That's what you spoke like 20s, you're getting into the messy middle of growing your family, starting to have

[18:14] kids, you buy the house. American dream is alive and well. Fast forward to where we are right now. Medium first-time homebuyer, 40 years of age. That's a problem. It's because now you've got a disconnect from when people are getting

[18:28] getting to that first house. So, I even though the data is the same on homeownership percentages, I do think younger people are getting priced out to purchase decision at a later age. >> So, one of the questions you have is,

[18:41] okay, well, why? Why are young people pushing this out? Is it something being forced out there? So, we said, okay, well, let's look at another cost that often impacts young people and disproportionately impacts younger

[18:54] >> one makes me mad. >> And we said, let's look at the cost of higher education. So, we went and pulled, looking at public and private universities. If you just look at the annual tuition and fees in 1980 for a

[19:08] public university and a private university is about $800 and $3,600 per >> That's per year, by the way. >> Even if you bring them up into today's dollars, that would be average or median public tuition of about $3,200

[19:24] in today's dollars. And for a private school, about $14,500 in today's dollars is what it would cost to go to college. You go to a private to go to college. You go to a private school and in total pay $60,000

[19:38] >> it's interesting when I went to University of Georgia back in the early '90s, my annual tuition was around $3,000. So, right in line with what we have here for the public universities. This is going

[19:50] to be the stuff that makes you mad. Because remember, guys, I love education. I always say it's the ladder of opportunity to make yourself a better version of itself. We're going to start asking ourselves, that is a true

[20:02] statement that bettering yourself is good, but at what cost to your future self if you're having to pay a fortune for the education? Because look at what it cost. Public education now is $10,340.

[20:15] $10,340. Private school is just under $40,000. >> Guys, what in the world? This seems completely disconnected from the >> Yeah, and again, we think about these in relative terms. In the 1980s,

[20:28] the cost of a public school education represented roughly 5% of the median private school, it only represented about 21% of the median household about 21% of the median household income. Fast forward to today,

[20:42] income. Fast forward to today, for a public university, it is now 12% of median household income, and a private university is almost 50%. It is private university is almost 50%. It is 47% of household income. So, relative to

[20:54] 47% of household income. So, relative to income, the cost of education has risen exponentially. So, folks coming out of school, it's no wonder now they have to graduate with student loans and have all this debt. It is a very different

[21:06] situation today than it was back then. >> Well, and look, we've we've gone through these data points independently, but that's not how life works. The life is is that we actually we don't just choose housing or a car purchase and that's all

[21:19] we have to focus on. No, these all kind of intersect and work together. So, what really troubles me is when you're 18 years of age going to better myself through education? And then the only way

[21:32] typically you can afford these crazy costs is through leverage or through debt. You have to go take this debt down and what what because of this this weight that you're dragging around for the first two decades of your life after

[21:46] you get into adulthood, it is pushing. I think it directly impacts the next part of the trickle-down effect of what does it look like when you buy a house? You after you get out of college, by the way, you have to go buy your new car to

[21:59] get to your reliable transportation. Well, now that if that is, you know, 50% higher inflation rate than just what it should cost to buy the vehicles back in 1980s, all these things are building upon themselves and making it much

[22:12] harder for the younger generations to kind of keep up. And that's the part why Mission, I had an entire section cuz you're not powerless on this whole thing. Is I'm just telling you be an informed consumer

[22:24] and you are a consumer when it comes even to a very noble cause like education, be very deliberate on where you go. Be very deliberate on what your major is is because don't just assume these institutions have your best

[22:37] what has happened, you have to take a direct, you know, active role in those choices so that you can move forward and be successful for the future. scorecard and we're thinking through all these different metrics for the folks

[22:52] starting out in 1980, the baby boomers, versus the Gen Zs that are starting out today, it's really interesting when you look at sort of the side-by-side comparison. When you think about income, I would argue that young people today,

[23:05] in today's dollars in real terms, are making more money than their baby boomer But, home prices have gotten substantially more expensive, and the cost of homes represent a significantly larger portion of median household

[23:19] income. Interest rates have come down, and even though they're high relative to the last decade, they're certainly more affordable than they were in the 1980s, all that much when we normalize for today's dollars.

[23:34] The age at which a home buyer can buy their first home has changed dramatically, and the cost to better oneself, to go get a higher education, has increased substantially. So, when

[23:47] have to ask this question, "Well, okay, was it actually easier or harder to was it actually easier or harder to build wealth in 1980 or for baby boomers than it is today?" Well, some of that comes down to behavior. How well are you

[24:02] trying to figure out how well you can save and invest, we have to answer the margin question. Which one of these generations had more margin available in >> And this was this was fascinating. I love this whole research study we did is

[24:16] news is our government tracks this. So, that through the Bureau of Labor Statistics, we were actually able to go pull and look at what a household looked >> Mhm. >> and then go and pull this data I think I

[24:28] >> and then compare and contrast, and we created this nice visual. And Bo, what think about the categories that they were spending on in 1984, 30% on

[24:40] housing, 15% on food, 20% on transportation, 5% health care, 9% insurance and pensions, and then 22% in the quote unquote other category. And you lay that side by side with how consumers spend today,

[24:55] what you're going to notice is that today, housing is right around 33%, food is at 13%, transportation is at 17%, healthcare is at 8%, insurance and pensions are 12 and 1/2%, and others at 16%. By and large, other than the fact

[25:08] insurance and pensions are more expensive, there's not a whole lot difference in the way that spending is broken out. It looks awfully similar to how it did back in 1984. >> I think it's so interesting. It shows me

[25:26] we've changed added 50-plus years, but as humans >> And that's why it's really the big ticket items that are are are kind of decisions, it's the car you drive, it's the house you live. And that's why guys,

[25:41] the house you live. And that's why guys, we've created rules for every one of it's important if you don't go out there and go to moneyguy.com/resources to understand how you navigate these big life decisions cuz yes, it will impact

[25:56] what happens in your life. I think it is also important to make sure that you're also important to make sure that you're thinking about this not as a victim, that you're thinking about this as how do I be a financial mutant? This is this

[26:09] is so important because every generation has struggles, but walk them through how >> Yeah, we just went through the baby boomers. When they were coming out, it was high inflation and really unfavorable interest rates. Brian, if we

[26:22] look at your generation, you guys had to make it through two significant market crashes, the dot-com bubble bursting in the 2000s and then the Great Recession in 2008. If you think about my generation, the millennials, we're the

[26:34] ones that have rampant student loan debt and we've seen this unbelievable rate rise in home prices. And then we think about the generation coming out right now, the young people that are just starting to forge their way, they're

[26:47] just now entering the workforce and everything is expensive. Housing is expensive, transportation is expensive, healthcare is expensive. Every one of healthcare is expensive. Every one of these generations has faced headwinds.

[26:59] Does that mean that one generation had it easier or more difficult than the other? Not necessarily. We all have our problems. So, if you're living right now in today's moment, we want to encourage you. What are the things that you should

[27:14] be thinking of? And rather than looking back and playing the comparison game, aware of today? And what are the things that you should be taking note of and generational advantage?

[27:28] told you the big purchase, big ticket items, yes, they are more expensive. However, the tools for actually building wealth are easier and better. And by the law of accelerating returns, which is getting better and faster on how big the

[27:44] pizza pie is growing at the and at the speed that all this is expanding as well. Let's kind of get into the details on this. What are some generational advantages that we have right now? First of all, cheap and automatic investing.

[27:57] of college and I was curious about how money worked and I had my first bit of margin that I wanted to put to work, I had to go find an insurance broker that I I gave them so I could start doing my $100 a month and I was buying into class

[28:12] B, meaning heavily commissioned, mutual fund shares. I wasn't buying index funds then cuz they didn't really exist in a lot of ways. I was buying some manager

[28:24] who I was paying a fortune to and I was paying all these commissions and that was all I could do. The do-it-yourself did not exist. You had to go there was a gatekeeper and that was the person that sold it to you. That's just not the way

[28:36] it works. Now, it's lower fees and it's you do this at your own part because knowledge to do it. >> huge advantage that this generation has right now is not different than the baby boomers had when they came out. It's not

[28:51] different than the extras had or the millennials. The right now, if you millennials. The right now, if you happen to be a young person, time is on your side. Do you recognize that one of the most valuable resources you have in

[29:04] your entire arsenal of wealth building is simply your time if you cannot of it. If you don't believe us, think about these numbers. We say all the time, for a 20-year-old, if you want to save a million dollars by the time that

[29:18] you retire, it only requires you to save $95 a month. It's that easy. But if until 30, it is now four times harder. Instead of only having to save 95 a month, now you have to save $340

[29:33] a month to get to the same finish line. If you wait all the way until you get to If you wait all the way until you get to 40, now it is 10 times harder to get to the same level of wealth that you could have gotten to had you just started a

[29:45] little bit early. So, maybe you're 25, you didn't start at 20, that's okay. Start now. Maybe you're 30 and you didn't start at 25, that's okay. The absolute best time in the world to start saving and investing was yesterday,

[30:00] which makes today the second best time to start saving and investing. dear to my heart because this is kind of the what what went into the the the origin story of the Money Guy Show is that overall financial literacy,

[30:13] guys, it is so much easier. I've told you my life was changed when I read The Wealthy Barber and The Millionaire Next Door back in the mid-90s and I've tried to carry that legacy forward with writing this book, Millionaire Mission,

[30:26] but there's a step in between that is that now think of all the podcasts, think of all the YouTube, think of all the easy access points where you can >> Yeah, it's really interesting. The content team came up with this great

[30:39] illustration to show what it was that actually changed the financial world. their data from, but I can only assume that this is accurate. If you're out podcast, you want to check this out. Essentially, the availability of

[30:53] financial information was pretty static through the 1980s and 1990s, even through the early 2000s. But then around 2006, something happened. Something 2006, something happened. Something changed. And all of a sudden, fantastic

[31:07] free financial information was available to the masses. And since then, we've just gotten way, way better at making sound and solid financial decisions ever since that point in January of 2006. >> like to, you know, this was the the

[31:21] formation of the abundance cycle is that I just realized I wanted people to know what I didn't know. I wanted when I came out of school with big ambition, but just not the knowledge, how do I better myself through money? And I was like,

[31:34] feels the exact same way to come out and not know what to do." And that that >> Mhm. >> has just expanded and grown. But I think that that also we can take that pureness of mission on you bettering yourself,

[31:47] understanding how you can command your army of dollar bills better. What can this? The first thing, and you'll know this, comparison is the thief of joy. So, don't let comparison lead to excuses and

[32:02] and I've already kind of started to go this way earlier, is don't be the villain or the victim. I really do want you to be the financial mutant. Look at your situation, make good decisions with all the major life things that maybe are

[32:16] working against you, but then leverage off the things that are working in your the access changes, the education opportunities. You can do this. Don't let somebody tell you it's not possible. >> Yeah, every single generation had

[32:29] headwinds. Every single generation had stuff that made their path and their journey difficult, but they also had unique and distinct advantages that for if they were able to recognize those able to take advantage of those they

[32:43] were likely able to overcome those headwinds that they face. So no matter where you're sitting right now find how you can focus on the legitimate positives. If you're a young person maybe you don't have a ton of margin but

[32:56] you have a ton of time that's wonderful. Maybe you're a little bit older and you in your peak earning years figure out how you can really increase your margin and put that money to work. Figure out

[33:08] what positives you have in your corner right now and how can you take advantage big beautiful tomorrow. >> Yeah, I mean and and don't forget the three ingredients to wealth. Just be disciplined live on less than you make

[33:24] and actually put your your money to work. And sooner early and often is your biggest when we interview all of our millionaire clients that's the biggest takeaway is that they always say I'm so happy I discovered the power of

[33:37] compounding growth and letting my money work. And that's why guys we have done that heart of an educator we have in believing in the abundance cycle that I've created a system with Bo that we really do believe is that we'll just

[33:50] the best version of yourself. And that's why we have the financial order of operations that tells you exactly what to do with your next dollar. If you go you can download this free deliverable

[34:02] Now realize this was a course that we developed a few years ago and we were >> Something like that. Yeah. >> Um and we were like wait a minute let's go ahead and not only update it modernize it but let's also slash the

[34:15] accessible to anybody and everybody out there. So we dropped the price down to $49 and you were like why would you do that? It really was the heart of an wanted everybody out there to become the

[34:29] best version of themself and that's what we've invested in by trying to create >> Now, we really do believe that there is a better way to do money. So, no matter what generation you come from, no matter what your backstory is,

[34:44] how your journey began does not define how it ends. Figure out how you can build towards your beautiful tomorrow. >> Guys, I I this was a great exercise in going through the data trying to create teachable, actionable things that you

[34:58] joined by Bo. Rest of the Money Guy team, Money Guy out.