Money Guru Brian Preston Spills His Wealth-Building Secrets in New Book

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A recently released book by “The Money Guy Show” podcast and YouTube host, Brian Preston, has become an instant bestseller and a must-read for anyone looking to build wealth. Preston’s world-famous “The Money Guy” podcast has been on the air for almost 20 years and focuses on helping individuals create wealth on their own time.

Released at the end of May, Millionaire Mission: A 9-Step System to Level Up Your Finances and Build Wealth, details the mindset and discipline needed to accumulate and amplify your personal fortune. It follows his own “proven system,” The Financial Order of Operations, an outline of easy-to-follow solutions to very complex questions surrounding money and wealth.

 “Americans are stuck in a financial tug of war, forced to choose between saving for retirement or paying for basic expenses,” Brian Preston explains, “Buy a house or save for retirement? Build an emergency fund or tackle debt? Just like there is an order to solving complex math problems, there is an order to solving money problems.

“This book goes beyond the basics and empowers people to build wealth. I’ve been doing this for decades, and this system has helped millions of people build wealth.”

Financial Order of Operations

Preston uses simple, proven strategies to break down complex financial problems into manageable steps. An age-old math mnemonic device, PEMDAS — parentheses, exponents, multiplication, division, addition, and subtraction — inspired his system.

PEMDAS represents the standard order of the operations used to solve complex math equations. Preston uses this same train of thought to tackle wealth-building. With his Financial Order of Operations, consumers use the tools and money readily available.

The book covers a variety of topics — how to handle credit cards, purchase your first house, buy a car, deal with student loans, speedy debt repayment, retirement preparation, and building emergency savings.

Preston’s nine-step system breaks down into the following topics:

• Keep Your Financial Life Out of the Ditch (Cover Your Highest Deductible)
• Love That Free Money (Max-Out Your Employer Match)
• The Joneses Are Broke and Miserable (Pay Off High-Interest Debt)
• Rainy Day Done Right (Build Emergency Reserves)
• Tax-Free Armageddon (Max-Out Tax-Free Growth with Roth and/or HSA Contributions)
• Max-Out Retirement Options
• Building That More Beautiful Tomorrow (Leverage Hyper-Accumulation)
• Funding Abundance Goals (Prepay Future Expenses)
• Debt Freedom (Prepay Low-Interest Debt)

His book, like his other endeavors, aims to create in others the mindset needed to create and sustain wealth.

Breaking the Spending Cycle

People who do not yet follow Preston’s path have typical spending habits. They get their paycheck, spend a bit, pay monthly bills, and try to save money left over. But Preston points out that once taxes and bills are paid, there is not a lot left over to save.

He recommends making savings a priority. Savings goals can include planning for retirement or building an emergency fund. After putting money aside, focus on paying bills. Any money left over is for personal spending. This categorization forces consumers to be mindful of spending, ultimately creating better spending habits.

The best way to make this change is by taking small steps, little by little. Start by saving any affordable amount. After a while, even the occasional $50 or $100 put aside will add up, encouraging continued savings as momentum starts to build.

Reinforced consumer behavior creates a snowball effect. Many consumers will desire to save even more, think differently about spending habits, and better analyze where money goes.

Preston believes that most people fall into familiar patterns when it comes to financial behavior. When consumers get comfortable, they fall back into old routines, a tendency that separates the affluent from the average person.

The average person accepts and sticks with the “status quo,” hoping things will get better. The fear of forging a different path holds many Americans back from achieving financial freedom. Preston aims to teach the average person that building wealth does not need to be scary or intimidating but can be done at their preferred pace with minimal impact on daily life.

Who is Brian Preston?

Brian Preston is the founder and host of “The Money Guy Show,” a financial guidance podcast. He is also the co-founder and managing partner of Abound Wealth Management, which manages roughly $1 billion in assets. An expert in financial planning, Preston boasts over 25 years of experience helping people build wealth and implement simple strategies that “go beyond common sense.”

His “The Money Guy Show” podcast began in 2006 as a passion project following the podcast boom. It gave him a way to share his experience and knowledge of financial planning with the public.

Now, almost 20 years later, “The Money Guy Show” is its own entity and helps millions of everyday people tackle financial struggles and build wealth. Along with the podcast, Preston produces YouTube videos and financial planning courses.

This article was produced by Media Decision and syndicated by Wealth of Geeks.