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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: Category: general
Oct 12, 2018

So much is made about this tool of asset management, but how much does the average investor actually know?

As a brief overview, rebalancing is getting your investment allocation to the appropriate target.  For example, if your portfolio is comprised of 60% in risk assets (i.e. stocks) and 40% in conservative assets (i.e. bonds) and one piece of that moves differently and throws the balance off, rebalancing helps to get you back to your original allocation.

In the simplest form, rebalancing buys the assets that have gone below the allocation threshold you would like to be at and sells the assets that have gone over. And you rebalance so that you can maintain the appropriate level of risk in your portfolio and to help stay on track to reach long-term financial goals. 

But what does the research say about rebalancing? And what is the common sense approach when it comes to this tool? Tune in to this week’s episode to hear us dive into the nuts and bolts of rebalancing and how you can use it in your financial life.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/10/a-different-take-on-rebalancing/

Oct 5, 2018

Hey Money Guy Show Family! Cash is making money again. That’s right. Times are changing and you can generate income from cash again. (Seriously)

The Great Recession (2008-2009) slashed interest rates and they were in a free fall sitting on the bottom at 0.5% for the better part of a decade. Now, cash is making a comeback and it can yield over 2% today in high-yield savings accounts and over 2.5% in a 1-year CD and 3% for longer term CDs.

We’re at the point now where we all should start paying attention to cash as an asset class that can yield a return and what you can do about it.

For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/10/cash-is-making-money-again-here-is-what-it-means-for-your-wallet/

Sep 28, 2018

This is a special episode of The Money Guy Show with special guest Fritz Gilbert of The Retirement Manifesto. Fritz joins us in this episode to share his personal experience of transitioning to retirement with plenty of actionable takeaways for The Money Guy Show audience.

The transition to retirement can be a smooth one if you are prepared and planned accordingly. The earlier you start planning for retirement, the better. Our guest Fritz is just one (powerful) example of how effective financial planning can be to help you reach you financial goals and, ultimately, financial freedom.

For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/09/surviving-and-thriving-in-the-transition-to-retirement-with-fritz-gilbert/ 

Sep 21, 2018

There’s a whole industry on avoiding estate taxes. Should I use whole life insurance to avoid estate taxes? Tune in to this week’s mini-episode of The Money Guy Show as we discuss how whole life insurance is being used for estate planning.

For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/09/use-whole-life-insurance-to-avoid-estate-taxes/

 

Sep 14, 2018

Unfortunately, there are quite a few products, services, and straight-up rip-offs that you need to be aware of so that you can decide what is appropriate and what will detract from your financial vision. It’s sometimes difficult to tell the difference between useful investment or expenditure and the equivalent of lighting your money on fire.

This show is also stocked full of useful and surprising information that you may not have been aware of. Even if you are a Money Master, there are nuggets of information you can share with your tribe. Be sure to tune in as we share our thoughts on the worst financial rip-offs so you can determine if they are useful to you or if you should steer clear.

For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/09/the-worst-financial-rip-offs-and-how-to-avoid-them/

 

Sep 7, 2018

One of our biggest issues with the financial industry is when products are sold to consumers and investors through fear tactics. And while there are instances where fear is a natural motivator behind certain financial products, such as having a will if you have dependent children, not every financial decision should be based on fear.  

There are many financial products out there designed to help you achieve financial goals. Understanding your needs and the purpose financial tools can serve is paramount to you making wise decisions about your finances.

Tune in to this week’s short episode of The Money Guy Show to find out which financial products are generally sold with fear-based tactics and how you can safeguard yourself against them.

For more details, please visit the show notes on our website: 

https://www.moneyguy.com/2018/09/are-you-letting-fear-drive-your-investment-decisions/ 

Aug 31, 2018

If you were just going off what you hear from friends and family members at social gatherings, you might think everyone hits it big when they trade stocks. People are eager to tell you when their risky investments make money, but they are less forthcoming about all the busts. 

Trying to time the market to get that “big win” is a risky endeavor. Ben Carlson from A Wealth of Common Sense wrote an awesome post back in 2014 that introduced us to Bob, "The World's Worst Market Timer." Join us for this week’s episode of The Money Guy Show, as we unpack the cautionary tale represented by Bob, “The World’s Worst Market Timer” and highlight where Bob goes wrong and what his potential outcomes could have been if he did things differently.

For more details, please visit the show notes on our website: 

https://www.moneyguy.com/2018/08/how-to-beat-market-timers/

Aug 24, 2018

 

It’s an exciting time to be an investor because price wars have been gradually bringing down the cost to invest in recent years. But is it really possible to invest with zero fees?  

We’ve observed the industry has been slowly moving toward zero, and it looks like it has finally gotten there. Join us for this week’s episode of The Money Guy Show to hear us discuss this big news about zero-fee investing and what it can mean for your wallet and future.

For more details, please visit the show notes on our website: 

https://www.moneyguy.com/2018/08/zero-fee-index-funds-are-here-heres-what-it-means-for-your-wallet/ 

Aug 17, 2018

Knowing how to prioritize every dollar that comes in is a major factor in your overall success. Join us for this week's episode of The Money Guy Show where we share ways to approach your finances that can result in two to three times the amount of money you have at retirement.

 For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/08/financial-order-of-operations-how-to-prioritize-your-financial-goals/

Aug 10, 2018

If you want to stretch your back pocket and make it go as far as possible, then tune in to this week's episode of The Money Guy Show.

We're talking about some supreme online shopping ninja skills that can help increase your purchasing power. Tell us the idea of stretching your money an extra 5 to 10% more than your friends doesn't put an extra pep in your step!

Find out the three things you can do to maximize your dollar bill.

For more details, visit the show notes on our website: 

https://www.moneyguy.com/2018/08/shopping-hacks-that-will-save-you-a-fortune/ 

Aug 3, 2018

We all come from different families, unique individual talents, geographic locations, and from poor, modest, or wealthy parents. These are the special recipe ingredients that make us who we are. You don’t realize it, but some of these special recipe ingredients will be the rocket fuel that propels you to tremendous success, and some will be the limiting beliefs or blind spots that could slow or derail your best version of yourself.

Let’s make sure that your financial decision making is BIG enough and that you are not being distracted or derailed by a blind spot or limiting beliefs. Join us for this week's episode of the Money Guy Show where we share practical advice on how to reach your full wealth potential.

 

For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/08/seeing-the-big-picture-of-your-financial-life/ 

Jul 27, 2018

Cable is expensive, and the customer service takes the cake for being one of the worst in the industry. So, do we really need to pay exorbitant prices and accept bad service to watch the shows we love? We say nay and share why in this week's short episode.

Tune in to this week's episode to find out how you can cut the cord without sacrificing your favorite shows. 

For more details, please visit the show notes on our website: 

https://www.moneyguy.com/2018/07/should-you-cut-the-cable-cord/ 

Jul 20, 2018

When it comes to investing, do you ever find yourself reacting to the media headlines? If you spend even one day listening to financial news updates, you could be convinced that you need to do something drastic to combat the doom and gloom that's perpetuated by industry 'gurus.' Fear is often the driving emotion behind bad financial decisions, and we don't want you to total your financial life because of such peer pressure.

You (and any other investor) are told on a daily basis by the financial media to follow the herd and invest your money in this or that, or worse... sell when things seem scary. In this week's episode, we talk about how even when there's good news the media somehow wraps it up in negativity. Don't be misled in your financial life.

For more details visit our show notes on our website:

https://www.moneyguy.com/2018/07/when-you-invest-following-the-crowd-can-be-dangerous/ 

Jul 13, 2018

What's the difference between a traditional (pre-tax) IRA and a Roth IRA? We have your answers in this week's short episode of The Money Guy Show.

While this is foundational financial advice, we share advanced skills you won't want to miss. 

 

For more details, please visit the show notes on our website: 

https://www.moneyguy.com/2018/07/401k-vs-roth-which-is-better/ 

Jul 6, 2018

If there was a way for you to become a tax-free millionaire, do you think that would be something you'd want to know about? The good news is that there is a retirement vehicle that was designed to incentivize Americans to save toward retirement by allowing assets to grow tax-free, and it's known as a Roth IRA.

You may be familiar with what a Roth IRA is but do you know all the reasons that make it such an amazing component to your overall retirement strategy? You're in luck because in this week's episode of The Money Guy Show we share why Roth IRAs were created and how you can use them to gain the highest benefit.

For more details visit the show notes on our website:

https://www.moneyguy.com/2018/07/how-to-be-a-tax-fee-millionaire/ 

Jun 29, 2018

Tune in to this week's episode of The Money Guy Show as we discuss the sport of timing the market and what investors need to keep in mind. While we may enjoy speculating about what could happen, it's important to remember that no one can predict the future and that includes the financial future.

Find out just how harmful it can be to investors when investment advisors and media personalities peddle predictions.  Learn why your investment decisions should instead be based on your individual circumstance, risk management, as well as on valuations of asset classes and companies.

For more details, please visit the show notes on our website: 

https://www.moneyguy.com/2018/06/timing-the-market-can-experts-be-trusted/ 

Jun 22, 2018

This week's episode is the second installment of The Worst Mistakes You Could Make With Your Money. Last week, we addressed money mistakes to avoid in your 20s and 30s. This week, we share the money moves that are important to make in your 40s, 50s, and 60s.

For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/06/the-worst-mistakes-you-could-make-with-your-money-part-2/

Jun 15, 2018

There is an old saying that goes something like, "Mistakes are the best teachers." And while this is undoubtedly true, perhaps we can all agree that learning from other people's mistakes when it comes to our finances is way better than making them ourselves.

In this week's episode of The Money Guy Show, we're doing just that! We are peeling back the curtain on the worst possible mistakes you could make with your money so that you can hopefully avoid making them in your own life. Heed the warnings of those who have stumbled before you so that your path to financial independence can be smoother sailing.

For more information, please visit our show notes on our website: https://www.moneyguy.com/2018/06/the-worst-mistakes-you-could-make-with-your-money/

Jun 8, 2018

If you are interested in lowering your auto insurance bill and monthly premiums, then you'll want to tune in to this week's episode of The Money Guy Show. We share how you can save money and keep yourself protected.

 

For more information, please visit the show notes on our website:

https://www.moneyguy.com/2018/06/9-ways-to-lower-your-auto-insurance-bill/

Jun 1, 2018

When is it OK to spend money? It's very common for people who prioritize building wealth to shudder at the notion of spending it. After all, we as a tribe have self-selected out of this culture of consumerism and embraced a lifestyle of forced scarcity to help us reach financial goals and, ultimately, financial independence.

But spending money isn't inherently bad. In fact, once you get to a place where your net worth is increasing faster than your income, you have likely reached a critical tipping point in your financial journey that allows you to start making a transition from saver to spender.

Tune in to this week's episode of The Money Guy Show as we give you clear direction on what, when, and how you can spend better and still stay on your path to building lasting wealth.

For more detail, please visit our show notes on our website: 

https://www.moneyguy.com/2018/06/what-wealthy-people-know-about-spending-money/

May 25, 2018

Why are Americans broke? On May 15, 2018, Charles Schwab released their second annual Modern Wealth Index Assessment for 2018. What this report revealed is that Americans have some work to do to rightsize their finances. What was even more interesting, is that this Wealth Index Assessment identified the primary contributing factor as to why Americans aren't better off financially.

Tune in to today's episode to find out why Americans are broke and what you can do to build wealth.

For more details, please visit our website for the show notes: 

 https://www.moneyguy.com/2018/05/why-are-americans-broke

 

May 18, 2018

We have an entirely different type of show for you today! Join Brian and Bo as they take you on a trip in Brian's Tesla Model 3. Yes, you heard that right, Brian and Bo take this week's show out of the studio and on the road. You'll want to watch this week's episode on YouTube if you can.

This episode is part Tesla review, part car industry overview, and part how electric vehicles impact personal finance.

For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/05/why-the-tesla-model-3-is-the-best-car-this-year/

For the video, please visit our YouTube channel:

https://youtu.be/uS9t9tb43Ts

May 11, 2018

Have you ever wondered if you should buy whole life or term insurance?

Tune in to this week's mini-episode of The Money Guy Show as we review the two different types of life insurance policies and what you need to know about them both.

 

For more details, please visit our website for show notes:

https://www.moneyguy.com/2018/05/what-you-need-to-know-about-whole-life-vs-term-insurance/

May 4, 2018

Part of what goes into making smart money choices is understanding your investments, how they work, and what impacts how they perform. That is why we take a deep dive into investments and share the fundamentals of what investors should know about stock valuations.

In this show, we cover what drives the stock market's ups and downs, how you can measure how you're doing with your investments, and the common investing mistakes to avoid.

 

For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/05/why-do-stocks-go-up-and-down/

Apr 27, 2018

Should you have a Health Savings Account (HSA)?

Fidelity estimates that people 65 years of age till death will require $275,000 to cover medical care costs in retirement. That can leave many of us wondering how to plan and prepare for having that sum of money ready for future healthcare costs. Fortunately, there is a financial tool that may just be the answer for saving toward healthcare costs in retirement.

 

For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/04/mind-blowing-benefits-of-health-savings-accounts/

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