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The Money Guy Show | Investing, Tax, Estate, Retirement, Insurance, Spending, Saving, and Wealth Building Advice

Brian Preston and Bo Hanson, fee-only financial planners and wealth managers, go beyond common sense as they help you make smart financial decisions. Their professional credentials, sophisticated topics, and approachable style have attracted thousands fans and made them a personal finance phenomena. Learn more about Brian and Bo, read, listen, or watch the show, follow the blog, and connect directly to go beyond common sense at www.moneyguy.com.
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The Money Guy Show | Investing, Tax, Estate, Retirement, Insurance, Spending, Saving, and Wealth Building Advice
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Now displaying: Page 1
Jul 19, 2019

So often, we are asked whether someone should pay off an outstanding loan or invest. 

In today’s show, we put the rubber to the road and focus on the numbers. We also look at the different types of debt, how some is more punitive than others, and discuss the role it plays in your overall financial success. Yes! Debt is an important tool to help you achieve financial success. 

For more information, visit: https://www.moneyguy.com/2019/07/when-to-invest

 

Jul 12, 2019

Estate planning can seem like a complex undertaking, and not knowing how to approach it can lead to inaction. Lucky for you, you know us! And like any good friend, we are going to let you in on what we know. Pull up a seat as we share how to get your estate plan established well and the common mistakes people make that you won’t after tuning in to this week’s how.

For more information, visit:  https://www.moneyguy.com/2019/07/estate-planning-mistakes/ 

Jul 5, 2019

Can you buy happiness? How much does it cost to buy happiness? What is the relationship between money, wealth, and how happy you are about life?

While we don’t have all the answers, we do think we offer a unique perspective on this topic because of our day jobs as fee only financial advisors. We have many conversations with our clients in regards to their money, goals, dreams and what makes them happy, and we share our high-level observations in this week’s episode of The Money Guy Show. 

For more information visit: https://www.moneyguy.com/2019/07/how-much-does-it-cost-to-buy-happiness/(opens in a new tab)

Jun 28, 2019

It seems like you can’t go anywhere without someone having an opinion or a piece of advice regarding your finances. We are inundated with financial articles, news headlines, and information from our families - solicited or not. While there are times when the advice shared may sound good, it very well may not be right for your particular situation so you have to be careful about the information you act upon.

Financial advice, no matter how well-intentioned it may be, can function like that old game of Telephone. It starts with one message, but by the time it reaches you it can end up communicating something vastly and, in the case of your money, dangerously different. 

Be sure to tune in to this week’s episode of The Money Guy Show as we uncover the nine pieces of financial advice you should probably ignore. 

For more information, visit https://www.moneyguy.com/9-pieces-financial-advice-ignore 

Jun 21, 2019

Can you become rich making less than six figures? This goes against the grain of what most people believe. In fact, the statistics show that over half of baby boomers and millennials believe people inherit their wealth. However, the reality is that only 21 percent of wealthy people inherit money and of that only 3 percent are millionaires.  

This means, then, that the overwhelming majority of millionaires are your self-made, next-door types! This also means that you don’t necessarily have to make boatloads of money in order to become a millionaire. Tune into this week’s episode to find out how to avoid all the traps, pitfalls, and mistakes that can interfere with your potential to become a millionaire.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/06/how-to-become-a-millionaire/

Jun 14, 2019

Everything you know about money is probably wrong, and holding you back from success in your financial life! Well, today that will change in this episode of the Money Guy Show we are going to straighten it all out for you.

 

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/06/everything-you-know/

Jun 7, 2019

The FIRE Movement. What is it? Who’s doing it? Should I do it? Is it good or bad? How do I do it? These are all questions you may ask yourself when you hear people talking about the FIRE Movement. We cover all of this and so much more in this week’s episode of The Money Guy Show.

You may notice that we have a special visitor for this episode. Brian is out of the office visiting his favorite mouse (if you guessed Mickey, you'd be right)! Gabe Talley from our team joins us and shares his vast knowledge on this subject with our Money Guy family. You don’t want to miss this episode of the Money Guy Show.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/06/fire-movement/

May 31, 2019

How does your 401(k) balance measure up against your peers? Do you have enough or are you behind? When we meet with potential clients, most of them want to know the answer to these two questions:

  1. Where am I?
  2. Where am I headed?

Tune in to this week’s episode as we share the average 401(k) balance by age and answer the question of whether or not you're behind with your retirement savings.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/05/average-401k-balance/

May 24, 2019

Keep it simple, Sam or Sally! How do you KISS gpur complicated financial life good-bye? When I was younger and working as an accountant, I used to dream about being a sophisticated financial person. I wanted to have a complicated tax return, because I felt that meant I had a great life. Be careful what you wish for because later in life I had a complicated financial life and began to think what I can do change it.

Simple may not be sexy and may not turn heads, but it can give you something more valuable: peace of mind. It can put you head and shoulders ahead of your peers. In this week's episode, we share ways you can simplify your finances.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/05/simplify-your-finances

May 17, 2019

What is one of the most shocking statistics that impacts your finances? Spoiler Alert: It affects everyone regardless of age, gender, socioeconomic status, or where you live.

If you guessed mortality, you'd be correct. 100% of us will die. We know that this is not something to take lightly, and here at the Money Guy Show, our goal is to make sure that you and your family are financially prepared for all of life’s seasons.

Are you and your loved ones financially prepared and protected for when you pass on? Tune in to this episode and learn how to adequately plan your finances when you're gone, how to approach finances if a loved one passes away, and what you need to know to be an executor of an estate.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/05/prepare-for-death/

May 10, 2019

One of the biggest decisions you will make in your life is marriage! As you know, here at the Money Guy show, marriage and finance has always been a very important topic. Money creates a unique dynamic within any marriage, and how you manage it can strengthen or undermine this significant relationship.

The inspiration for today's episode actually comes from a personal situation. I was on a trip with some of my old Georgia neighbors when my wife called me in a panic. She shared that she had a vivid dream that I had passed away. She realized that even though she is listed on all of our accounts, she did not know how to access them and began to wonder what would happen if I was no longer here.

Are you and your better half set up for financial success as a couple? Find out how you can make your personal finances an opportunity to grow together rather than allow it to drive a wedge and become a source of stress and marital discord.

Tune in to this week’s episode as we discuss, “How To Bulletproof Your Marriage Financially.”

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/05/money-and-marriage/

May 3, 2019

You are in for a special treat this week! We are doing #AskTheMoneyGuy right here in the studio. Every week we answer listener requested questions, but this week we felt we wanted to dedicate more time and make this question into a full show.

Are you the Chief Operations Officer (COO) for your household? Perhaps more specifically, are you a stay-at-home spouse who manages all the household finances? If you have ever wondered about retirement, social security, or your financial future in general, you won't want to miss this episode. We discuss the options of building personal assets versus depending on your working spouse. We agree this is an important topic. Thank you Kate for submitting this question!

Tune in to this week’s episode as we answer the question, “How to plan for your financial future as a stay-at-home spouse.”

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/05/stay-at-home-spouse/

Apr 26, 2019

Debt is a four letter word. Is that a coincidence or a consequence? In this week’s episode, we take a deep dive into each age group and what debt should look like at each stage.

If your boat is leaking because of debt, cash flow issues, or making monthly payments is a struggle, then you want to take control of your finances immediately so you can get on the path to financial independence. This episode can help you do just that!

Tune into this week’s episode as we walk you through how you can handle debt over your various stages of life.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/04/debt-by-age/

Apr 19, 2019

There are four accounts that you may or may not be aware of that can change your financial life. This is not clickbait, we want to share with you about these accounts because they can transform your finances. We were inspired to produce today’s episode from the many emails and questions we have received from you, our loyal listeners.

As you know, The Money Guy Show exists to help you make simple and smart choices with your money. We are passionate about everyone saving for the future, and we always want to make sure that we help you succeed. Tune in to this week’s episode as we share the four investment accounts that can potentially change your life.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/04/four-investment-accounts 

 

Apr 12, 2019

The Rule of 3! Have you ever noticed that you are only able to hold three or four key concepts at a time? That applies to your finances as well. Life, liberty, and the pursuit of happiness is just an example of the Rule of 3 concept.

We wanted to have an episode where we break down the financial basics to set you up for success. Tune in to this week’s episode of The Money Guy Show as we discuss the Rule of 3 and how you can apply it your finances.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/04/rule-of-3/

Apr 5, 2019

What if we told you there is an entire category of words that can be used to manipulate your financial decisions? After all, one of the major components of marketing is being able to persuade people to buy a product or service. But what happens when these same marketing tactics are used in financial services?

Here at the Money Guy Show, we believe that knowledge is power. We always want to share the best information that can equip you to reach your financial goals, and that includes making you aware of manipulative sales strategies in financial services.

Join us for today’s episode as we share the manipulation tactics that are commonly used that can lead to bad financial choices.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/04/never-be-manipulated/

Mar 29, 2019

Should you buy a second home, RV, timeshare, or a boat? Chances are they could be horrible for your financial life, but, if your lucky, your friends may make these purchases. We all have friends, and as humans we are hardwired to stand out from our peers. Sometimes our peers make financial decisions that would not be great for our personal finances, but we can take advantage of those purchases that they have decided to make. We recorded a show back in 2016 where we discussed financial mistakes you hope your friends make. So, we are returning with a fresh take on that episode.

Join us for today’s episode as we share the financial decisions you hope your friends make. Our goal here at the Money Guy Show is to always help you understand how to best use your army of dollar bills to achieve financial independence.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/03/friends-financial-decisions/

 

Mar 22, 2019

What did Warren Buffett tell us about personal finance in 2018? It may not be Christmas, but it certainly feels like it when the “Oracle of Omaha” shares his wisdom with us. There have been many of you asking when we are going to cover Warren Buffett’s letter to shareholders. That day has finally arrived!

Buffett shares that there are many things to be excited about, as well as future opportunities for all of us. In today's episode, we share the most important investment lessons he reveals that you can apply to your own personal finances. Join us for this week’s episode of The Money Guy Show as we explore Warren Buffett’s letter to shareholders.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/03/investing-lessons-warren-buffett/

Mar 15, 2019

Do you know the power of your Rate of Return (RoR)? This week’s Money Guy episode is about all things rate of return. If you have ever wondered what a reasonable rate of return is or how to actually calculate it and make sense of it, then this show is for you!

You always want to make sure that your rate of return reflects you and what your needs are for your financial road map. Our goal for all of our listeners is for you to attain financial independence, and we want to make sure that you have a clear understanding of your investments. Join us for this week’s episode of The Money Guy Show as we discuss the power of your rate of return.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/03/understanding-rate-of-return/

Mar 8, 2019

This week’s Money Guy Episode is inspired by an article written by Nick Maggiulli Of Dollars and Data on February 19, 2019 titled "How to Invest a Lump Sum” that talks about what you should do if you suddenly experience a windfall of money.

As it turns out, we also did a show on this very topic less than a year ago where we discussed whether or not you should take a lump sum or a dollar cost average approach to your investing. So, this week’s episode is a reboot that allows us to apply the same principles to the scenarios laid out by Nick Maggiulli.

Join us for this week’s episode of The Money Guy Show as we build a bridge between the analytics cited in Maggiulli’s article and the financial behaviors that impact your bottom line.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/03/how-invest-windfall-cash/

Mar 1, 2019

Do you know where wisdom comes from? It comes from learning from your mistakes. Back in 2013, we had an episode where we shared the mistakes we had made. Now in 2019 we are revisiting and updating our list of mistakes and sharing those with you today.

Tune in to this week’s episode of The Money Guy Show as we cover Money Guy misses remastered. We are human and make mistakes, too! By sharing our mistakes with you, we hope that it will help you avoid the financial mistakes we made and continue guiding you on your path toward financial independence.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/03/financial-advisors-reveal-mistakes/

Feb 22, 2019

Your kids, grandkids, great-grandkids could go broke if you do not fix this problem. Yes, that may seem a bit harsh, but when you look at the statistics of generational wealth building it is very somber.

  • 70% of rich families lose their wealth by the 2nd generation
  • 70% of family-owned businesses fail and/or sold by the 2nd generation
  • 86% of millionaires are first generation.

Tune in to this week’s episode of The Money Guy Show as we reveal the secrets to sustaining your wealth through future generations. Learn the practical steps you and your family can implement to keep your wealth for generations to come.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/02/#1-reason-why-wealthy-families-lose/

Feb 15, 2019

Hold on to your seats for this week’s episode of The Money Guy Show! We’re talking 2018 tax changes and planning opportunities, and it has us over-the-moon excited. As many of you know, Brian is a CPA and prepared client taxes for 16 years. Therefore, we’re sure you can imagine just how joyful he is to geek-out over this important topic we cover in this episode of the Money Guy Show.

We cover a lot of ground in this show, so you may want to have your pen and notepad handy so you can jot down your notes and anything you may want to address with your tax preparer this season. Ok, let’s jump into the episode.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/02/2018-taxes/

Feb 8, 2019

Are you self-employed or have a side hustle? Then this episode is for you! What are your options for retirement planning as a self-employed person? What are the pros and cons of each option? You want to make the correct decision for your short and long term goals to achieve financial independence.

We love that you guys are out there, whether you are self-employed or hustling on the side, working so hard to create more income to achieve your goals and dreams. You should let your money work just as hard for you by making sure you are taking advantage of the correct retirement plan. Tune in this week to learn about the different retirement savings strategies that you have as a self-employed person.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/02/retirement-plans-for-the-self-employed/

Feb 1, 2019

You know that here at The Money Guy Show, we don’t just want you to save toward retirement. We want you to save as much as possible toward retirement and as early as possible! We especially want you to contribute enough to your employer-sponsored retirement plan so that you get that employer-match. Free money!

But how do 401k plans work? And what information should you have handy so that you can maximize your contributions to this effective retirement-savings vehicle?

Tune in this week to learn about the financial planning opportunities you can take advantage of in your employer-sponsored 401k or 403b plans. 

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/02/401k-plans-deconstructed/

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