Why Millionaires Go Broke (And How to Avoid It) ep 2

In this episode of the SoCal Community Round Table Podcast, Sedric Hill and Kelly Rivas open the mic for a real conversation about money, mindset, and financial management.

We discuss how people can make millions and still end up broke, why smart people sometimes make poor financial decisions, and what everyday families, entrepreneurs, and young people can learn from those mistakes.

In this episode, we cover:

• Why high income does not always equal wealth • The financial mistakes that can lead to losing it all • What most people get wrong about having $1 million • The psychology of spending, saving, and lifestyle pressure • How to shift from paycheck thinking to purpose-driven wealth building • Practical steps to protect, manage, and grow your money

Whether you are building wealth, managing a business, supporting your family, or teaching young people about money, this conversation offers practical lessons that can help create stronger financial futures.

New episodes share conversations focused on community impact, entrepreneurship, financial literacy, education, and economic opportunity.