125 Why the rich go broke, with John MacGregor

John MacGregor is an American financial adviser based in Hawaii. As he climbed the corporate ladder, John realised that the higher he was getting, the more miserable he was. So, he left the nice salary and corporate ladder behind to pursue his dream – transforming the world's relationship with money.

Having been brought up with great financial role models, John had always understood what it was to save money, but a lesson learnt while mowing lawns as a student helped him realise the importance of having savings and how just how much money plays a role in our dreams.

While living his dream of helping people change their relationship with money, John has written Why the Rich go Broke, a book that explores the mistakes people make with their money that leads them to living pay-check to pay-check.

In our conversation John shares some personal stories from his upbringing, he shares with us why we all need to be financially responsible for ourselves and how to achieve this. Throughout this episode, we delve into some of the core mistakes that people make, leading them to go broke.