{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The Illusion of Wealth","description":"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. &amp;nbsp; Time Stamped Show Notes:  00:37 \u2013 Having a million dollars isn\u2019t as substantial as it used to be. 01:08 \u2013 Business owners that builds a business and sells it , but squanders the money, profession athletes that spend faster than they earn, and trust fund kids that inherit money.   02:14 \u2013 Just because you have a large sum of wealth, it doesn\u2019t mean you can touch it all right away.   03:10 \u2013 Like the level of water in a bath tub, the water coming in is like money coming in. If you keep taking water out and investing, its wealth that aren\u2019t liquid.   07:07 \u2013 Don\u2019t look at the value of an asset, look at what its ability to produce income is.  &amp;nbsp; 3 Key Points:  Examples of the illusion of wealth: business owner that squanders their money, pro athletes that spend a four-year contract in one year, and trust fund kids. A lot of wealth isn\u2019t liquid, you can\u2019t touch it immediately. If your expenses grow, you need more coming in to keep your lifestyle the same.  &amp;nbsp; Tweetable Quotes: -&amp;nbsp;&amp;nbsp;&amp;nbsp; \u201cA million dollars is not what it used to be.\u201d \u2013 Pete Bush. -&amp;nbsp;&amp;nbsp;&amp;nbsp; \u201cThe illusion of wealth, in other words, a person looks at their balance sheet, which is all of your assets minus your liabilities\u2026and they look at that bottom line number, let\u2019s say it\u2019s $5 million\u2026and they live like they have $5 million\u201d \u2013 Pete Bush. -&amp;nbsp;&amp;nbsp;&amp;nbsp; \u201cInstead of looking at the bottom line number, the value of an asset, look at what its ability to produce income is.\u201d \u2013 Pete Bush. &amp;nbsp; Resources Mentioned:  Horizon Financial Group \u2013 website for Horizon Financial Group  &amp;nbsp; ","author_name":"The Confident Wealth Podcast","author_url":"http:\/\/confidentwealth.libsyn.com\/website","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/6991802\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/6991802"}