The Connected Advisor
A Nine-Step System for Managing Money and Building Wealth
Episode 045: They discuss Brian’s book, Millionaire Mission, and the financial order of operations, a nine-step system for managing money and building transformative wealth. An award-winning content creator and managing partner of a fast-growing RIA in Tennessee, Brian also shares the secrets to creating great content and the key to building wealth.
In this episode of The Connected Advisor, Kyle Van Pelt is joined by Brian Preston, Managing Partner at Abound Wealth Management and the Founder and Host of The Money Guy Show. Brian is a third-generation educator, and this desire to create educated clients led to the award-winning YouTube channel and podcast, The Money Guy Show. The Money Guy Show has been broadcasting for more than 15 years, and Brian has appeared on the Fox Business Channel and US News. He has been featured in The Wall Street Journal, Bankrate.com, Newsweek, Kiplinger‘s, Yahoo Finance, Forbes, and more.
Brian talks with Kyle about his book, Millionaire Mission, and discusses the financial order of operations, a nine-step system for managing money and building transformative wealth. An award-winning content creator and managing partner of a fast-growing RIA in Tennessee, Brian also shares the secrets to creating great content and the key to building wealth.
Key Takeaways
The Financial Order of Operations is a nine-step system for managing money and building wealth. It covers high-deductible expenses, employer match-free money, paying off high- and low-interest debt, maximizing retirement accounts, emergency reserves, tax-free growth opportunities, hyperaccumulation, and prepaid future expenses.
Discipline, money, and time are the three key ingredients to wealth creation. It is important to develop the discipline to save and live below your means, put your money to work through investments, and give it time to grow.
Building a successful advisory firm requires a long-term mindset and a focus on providing value to clients. Invest in technology and systems that will support the growth of the firm and stay up-to-date with industry trends.
Quotes
“Anytime I meet a young person, I try to tell them about the wonderful world of personal finance. I think this is the greatest profession. You can make a great living for your family and employees. You also go to sleep at night, knowing you added a lot of value to everybody.” ~ Brian Preston
“There‘s a new breed of influencers and people out there in the financial space who are telling you that financial advisors are not what you need. So, you better make sure that you can tell people what and how you add value, and then you also need to make sure you’re doing the things that you’re telling people.” ~ Brian Preston
“Success breeds and creates complexity. And people, even when they have resources, want another human to be there and help them, guide them through the journey.” ~ Brian Preston
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Kyle Van Pelt
