Aug 31, 2018
In the 18th episode of the Confident Wealth Podcast, Bill Bush and Pete Bush from the Horizon Financial Group talk about the illusion of wealth. They analyze the difference between liquid income and assets that are investments.
Time Stamped Show Notes:
3 Key Points:
Tweetable Quotes:
- “A million dollars is not what it used to be.” – Pete Bush.
- “The illusion of wealth, in other words, a person looks at their balance sheet, which is all of your assets minus your liabilities…and they look at that bottom line number, let’s say it’s $5 million…and they live like they have $5 million” – Pete Bush.
- “Instead of looking at the bottom line number, the value of an asset, look at what its ability to produce income is.” – Pete Bush.
Resources Mentioned: