Money Guy Show

By Brian Preston and Bo Hanson

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Description

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.

Episode Date
How and When to Hire a Financial Advisor
42:55

Navigating the world of fee structures, letter designations, and financial strategy can be daunting. In this episode, we take the guesswork out of this big decision. Let's break down how to know it's time to recruit the help of an advisor and whether or not they have your best interest at heart!

For more information, visit: https://www.moneyguy.com/2020/01/when-to-hire-a-financial-advisor/

Jan 17, 2020
Financial Advisors React to Old Financial Advice!
48:11

After a decade of hosting a financial show (and working in finances for even longer,) what advice has changed or shifted over the years? In this episode, we react to some of our old shows. We share great stories, have a good laugh, and break down fantastic teachable tips designed to fuel your financial life!

For more information, visit: https://www.moneyguy.com/2020/01/financial-advisors-react/

Jan 10, 2020
How To Make Money In 2020 by Predicting The Future!
41:29

In this show, you'll learn how to capitalize on financial predictions and recognize bad predictions when you see them. There are many reasons to be excited about your financial future. Let's dive in and find out why!

For more information, visit: https://www.moneyguy.com/2020/01/make-money-by-predicting-the-future/

Jan 03, 2020
How to Make a Smart Car Purchase in 2020
50:13

Cars are necessities for a lot of us, but they can easily become one of your biggest financial mistakes. In this episode, we'll teach you our best tips and tricks for buying a car - the smart way!

For more information, visit: https://www.moneyguy.com/2019/12/how-to-make-a-smart-car-purchase-in-2020/

 

Dec 27, 2019
How to Invest Your Money in 2020
48:08

Knowing where to invest your time, money, and attention can be challenging. We get it! In this show, we breakdown the most valuable investment strategies to focus on in your 20s, 30s, 40s, and 50s.

This episode goes hand-in-hand with our Average Net Worth By Age show!

For more information, visit: https://www.moneyguy.com/2019/12/how-to-invest-in-2020/

Dec 20, 2019
Average Net Worth By Age In 2020!
58:22

This is our favorite annual tradition! Let's update the numbers and see how your Net Worth measures up to your peers in the new year.

For more information, visit: https://www.moneyguy.com/2019/12/net-worth-by-age-2020/

Dec 13, 2019
How to LEGALLY Avoid Paying Taxes This Year
51:32

Taxes may be inevitable, but we have good news! There are smart, LEGAL strategies to help you pay fewer taxes this year and every year to come. We use these strategies for ourselves and our clients and, in this episode, we’re going to walk you through the basics.

For more information, visit: https://www.moneyguy.com/2019/12/how-to-legally-avoid-paying-taxes/

Dec 06, 2019
How to Stick to Your 2020 Financial Goals
36:50

Everyone has financial dreams and goals they would like to achieve. Every year, without fail, the topic of personal finance shows up in the Top 5 most popular New Year's Resolutions list. So how can you make your financial dreams a reality?

In this episode, we're going to walk you through 4 vital financial areas to add to your goals and then, teach you how to make them stick!

For more information, visit: https://www.moneyguy.com/2019/11/stick-to-your-2020-financial-goals/

Nov 29, 2019
How to Build Wealth with a Low Paying Job BY AGE
01:04:50

You've been lied to! The vast majority of millionaires don't build their wealth overnight. There are real and tangible ways anyone at any age can build wealth and become a millionaire!

In this episode, we reveal the average salary of each age group (20s, 30s, 40s, and 50s), how much you should realistically be investing in each decade based on those salaries, and what the incredible outcome will be if you follow this strategy.

For more information, visit: https://www.moneyguy.com/2019/11/build-wealth-with-a-low-paying-job/

Nov 22, 2019
How to Speed Up Your Wealth Building Process
38:50

Identify key roadblocks and behaviors that halt your financial progress and learn how to overcome each one.

For more information, visit: https://www.moneyguy.com/2019/11/speed-up-your-wealth-building/(opens in a new tab)

Nov 15, 2019
The Biggest Thing the F.I.R.E Movement Gets Wrong (Financially Independent, Retire Early)
52:13

Consider this your graduate degree in how to make FIRE a reality!

Folks in the F.I.R.E (Financially Independent, Retire Early) Movement are set on retiring in their 30s or 40s. So much of this movement is about motivation, but we want to make sure you understand the nuts and bolts of your plan so the wheels don't fall off! (Don't worry - we'll motivate you, too!)

For more information, visit: https://www.moneyguy.com/2019/11/fire-movement-gets-wrong/

 

Nov 08, 2019
7 Financial Habits That Can Change Your Life!
42:26

If you implement these 7 habits, your financial life will change for the better! This show is a beautiful self-assessment. Join us as we walk through each habit and evaluate where we are and how we can use each one. 

For more information, visit: https://www.moneyguy.com/2019/10/7-financial-habits-that-can-change-your-life!/(opens in a new tab)

Nov 01, 2019
5 Scary Financial Decisions That Will Make You Broke!
42:32

Managing finances doesn't have to be scary - but it can be if you make these 5 financial decisions. In honor of the Halloween season, we're telling you scary tales of financial catastrophe AND how you can avoid them!

Note: We wore our Halloween costumes for this show! See what costumes we chose on YouTube, Facebook, or Twitter.

For more information, visit: https://www.moneyguy.com/2019/10/5-scary-financial-decisions-that-will-make-you-broke!/

Oct 25, 2019
Passive Income Exposed: 3 Ways To Actually Make Money
39:46

Is passive income too good to be true?

In today's episode, we expose false claims of "making money for nothin'" and set the record straight on how you can actually make money doing real estate, content creation, and, quite literally, while you sleep!

For more information, visit: https://www.moneyguy.com/2019/10/passive-income-exposed/

Oct 18, 2019
4 Ways You Are Investing Your Money Wrong!
40:40

Time for a gut check! If you're saving or investing your money in these 4 ways, it might be time for a new strategy.

We'll break down why each mistake is not serving you well, then we'll cover the best techniques to get out of that financial rut and set yourself up for success!

For more information, visit: https://www.moneyguy.com/2019/10/4-ways-you-are-investing-your-money-wrong/

Oct 11, 2019
5 Ways You Can Be a Financial Super Hero
36:33

How heroic (and different) are you with your finances? We lay out 5 unique ways to tell if you're a financial super hero. Plus, we teach you how to add each of these 5 skills to your everyday life.

For more information, visit: https://www.moneyguy.com/2019/10/5-ways-you-can-be-a-financial-super-hero/

Oct 04, 2019
How Rich People Get Rich: The Secrets Revealed!
55:13

We believe anyone can be wealthy. But how?

This topic has some sizzle! We are about to share 4 paths anyone can take to become wealthy. We'll break down secrets to achieving each path and will help you decide which one is right for you.

For more information, visit: https://www.moneyguy.com/2019/09/how-rich-people-get-rich/

Sep 27, 2019
How to Live Life Like a Celebrity
58:38

In this episode of The Money Guy Show, we unpack the successes and failures of celebrities like Lebron James, Melissa McCarthy, Billy Joel, and more. Let's look at what they got right, where they went wrong, and how you can implement these lessons to make the most of your own finances.

For more information, visit: https://www.moneyguy.com/2019/09/live-life-like-a-celebrity/

 

Sep 20, 2019
Money and Marriage By Age: The Secret to a Happy Marriage
01:01:42

Money and marriage: can they coexist in harmony? Money can play a huge role in the overall happiness and success of your marriage. Taking time to consider the way you handle finances as a couple today can make all the difference in the long-run.

We're going to walk you through signs of financial success and traps to avoid at every phase of marriage from Newlyweds to Empty Nesters.

For more information, visit: https://www.moneyguy.com/2019/09/money-and-marriage-by-age/

Sep 13, 2019
The Best Ways to Save and Pay For College
01:02:10

If you have children or you're thinking about funding any kind of future education, this episode is your new best friend! We're breaking down the best ways to save and pay for college, plus giving you hard numbers that will help you make the best decision on where to get your education.

For more information, visit: https://www.moneyguy.com/2019/09/save-and-pay-for-college/

Sep 06, 2019
Is Roth Really A Solid Financial Strategy?
32:28

After watching Discovery Channel’s Shark Week, we realized the financial world has its own ferocious apex predator. Roth assets sit on the top of the food chain. They get tax-free growth, provide emergency access to your funds, and there are no required minimum distributions for these kinds of assets. 

In today’s show, we breakdown how Roth assets can help you grow your wealth exponentially!

For more information, visit: https://www.moneyguy.com/2019/08/roth-financial-strategy/

Aug 30, 2019
Top Secret Planning Strategies of the Rich
56:16

You're not going to believe we're giving away this advice for free! We're so excited to share these untold secrets and help you take your finances to the next level.

For more information, visit: https://moneyguy.com/2019/08/top-secret-planning-strategies

Aug 23, 2019
5 Levels of Wealth and How to Achieve Each
55:37

There are five levels of wealth that can let you know where you stand in your financial journey and how comfortable you really are when it comes to your finances.

Join us for today’s episode of The Money Guy Show to find out where you are in this race of building wealth. We understand that it takes getting to a certain level of wealth when you can actually start breathing a little easier knowing that you have your army of dollar bills built up and working for you. But what does abundance looks like at the graduation point? 

For more information, visit:https://www.moneyguy.com/2019/08/5-levels-wealth/

Aug 16, 2019
7 Financial Rip-Offs to Avoid at All Costs!
59:14

No one wants to feel like a chump! We're helping you recognize and avoid 7 financial rip-offs people are falling for each day.

For more information, visit: https://www.moneyguy.com/2019/08/the-worst-financial-rip-offs-and-how-to-avoid-them/

Aug 09, 2019
How to Maximize Your Investment Performance
46:34

Yes, YOU can make money investing! And no, it's not gambling! 

Investing is a powerful tool that can help you put your army of dollar bills to work and build wealth. How much wealth? Well, join us as we take a look at the data. 

For more information, visit: https://www.moneyguy.com/2019/08/make-money-investing/

Aug 02, 2019
The Money Guy Take on Dave Ramsey's 7 Baby Steps
56:51

When you get serious about taking control of your finances, one of the first names or resources you may come by is Dave Ramsey. He is a beast in the personal finance industry. Dave has undoubtedly impacted millions - MILLIONS- of people’s lives through his Financial Peace University, radio show, best-selling books, and the plethora of other financial education resources available through Ramsey Solutions. 

But what happens after you take control of your money and climb out of the “dungeon of debt” as Bo calls it? Well, here is where we think that our Financial Order of Operations parlays nicely with Dave Ramsey’s 7 Baby Steps

For more information, visit: https://www.moneyguy.com/2019/07/dave-ramsey-baby-steps/

Jul 26, 2019
Should You Pay Off Debt Before Investing? Here Is The Real Answer.
43:36

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 19, 2019
Avoid These 7 Common Estate Planning Mistakes
49:55

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 12, 2019
How Much Does It Cost to Buy Happiness?
42:12

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)

Jul 05, 2019
9 Pieces of Financial Advice You Should Ignore
54:05

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 28, 2019
How To Become Rich Making Less Than Six Figures!
59:39

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 21, 2019
Everything You Know About Money Is Wrong
42:50

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 14, 2019
The Truth About the FIRE Movement
01:03:54

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/

Jun 07, 2019
Average 401(k) Balance by Age: Are You Behind?
51:27

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 31, 2019
How To Simplify Your Finances
56:40

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 24, 2019
How To Financially Prepare For Your Death While You’re Still Young
35:57

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 17, 2019
How To Bulletproof Your Marriage Financially
57:23

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 10, 2019
How To Plan for Your Financial Future as a Stay-at-Home Spouse
20:02

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/

May 03, 2019
Average Debt By Age (And What To Do About It)
01:04:21

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 26, 2019
4 Life-Changing Investment Accounts That You May Not Know About!
43:06

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 19, 2019
The Rule of 3: How to Make the Best Financial Decisions
35:31

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 12, 2019
Never Be Manipulated Again into Making Bad Financial Decisions!
27:05

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/

Apr 05, 2019
Financial Decisions You Hope Your Friends Make
44:11

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 29, 2019
Top Investing Lessons from Warren Buffett in 2018: Letter to Shareholders
34:04

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 22, 2019
Understanding Your Rate of Return (RoR)
43:38

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 15, 2019
How to Invest a Windfall of Cash: Dollar Cost Averaging vs. Lump Sum Investing
24:19

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 08, 2019
Financial Advisors Reveal Their WORST Financial Mistakes!
58:33

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/

Mar 01, 2019
The #1 Reason Why 70% of Wealthy Families Lose All Their Money
27:34

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 22, 2019
What to Know Before You File Your 2018 Taxes
42:12

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 15, 2019
Here Are The Best Retirement Plans for the Self-Employed!
25:53

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 08, 2019
401k Plans Deconstructed
44:46

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/

Feb 01, 2019
6 Must-Follow Financial Planning Tips for Parents
22:01

If you’re a parent, you know the love for your child is like nothing else in the entire world. You take all the essential measures to keep your kids safe, clothed, fed, and happy. But are you dropping the ball when it comes to the financial side of being a parent?

Join us for today’s episode as we share the six financial planning items you should definitely address to help ensure your child’s financial security.

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

https://www.moneyguy.com/2019/01/6-financial-planning-tips-parents/

Jan 25, 2019
Index Investing vs. Active Management: Are You Making a Mistake?
41:07

Assets in passive equity strategies grew to nearly 45 percent of all stock market investments in the U.S., and active equity managers continue to lose ground due to the over $470 billion investors have invested in passive equity strategies like index funds.

There is good reason why index investing has an eager and growing participation. It is much cheaper than active management. But, are index funds better for your financial goals? The answer is yes, but with a footnote.

For anyone that has listened to our show for some time, you know that we are huge proponents of index investing. There are a lot of reasons to like index funds, but what is the difference between index investing and active management? And how can you use index funds to reach your financial aspirations? That’s what we cover in today’s episode of The Money Guy Show.

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

https://www.moneyguy.com/2019/01/index-funds-vs-actively-managed-funds-are-you-making-a-mistake/ 

Jan 18, 2019
Questions to Ask Yourself Before Making Major Financial Decisions
20:51

Ever wonder why certain people are more financially successful than others? Does it have something to do with their economic status their born into? IQ? Genetics? Behaviors? Or a combination of certain factors?

Well, as it turns out, research consistently reveals since as early as the last 1800s, that the vast majority of millionaires don’t come from millions. What the research does find again and again is that self-control and discipline behaviors are correlated with success.

This is good news! This means that financial success is well-within your control. And the money decisions you make now can have a big and small impact on your overall financial situation. 

Join us for this week’s installment of The Money Guy Show as we reveal the 8 behavioral finance questions every individual and couple should ask before making major financial decisions.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/01/questions-before-major-financial-decisions/

Jan 11, 2019
How To Survive a Bear Market Attack
39:15

It is no secret that the stock market has been a bumpy road in recent weeks. Any media channel you tune to will highlight the volatile performance of the S&P and Dow Jones. Headlines like, "Dow Plunges More Than 650 Points as Apple Flashes Warning Signs" are quickly followed by, "Stocks Surge After Blowout Jobs Report." For investors, the undulating market performance can be nauseating.

As we traverse what is, most likely, a bear market, we want to make sure that our Money Guy Show fans and Abound Wealth clients don't make short-term decisions that can derail long-term financial goals. Therefore, be sure to tune in to this week's episode to find out what to do if a bear market attacks.

In today's episode, we cover the facts and data about market performance that helps put all the headlines into perspective and can help you sleep easier at night. Equip yourself with the knowledge that can prevent you from making irrational, short-term decisions that could derail your retirement.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/01/survive-bear-market-attack/ 

Jan 04, 2019
How to Invest $1,000 in 2019
17:26

Happy New Year Money Guy Show Family! There has never been a better time to buy into the market and start investing than right now! Between investment options and low-cost investments, you have an opportunity to supercharge your finances by investing.

Unlike earlier years, today you have access to different financial products that simply weren't available before. And If you have less than $250,000 in investable assets, you probably don't need a financial advisor just yet. Meaning, you can jumpstart and build wealth on your own for now.  If you have more than $250,000, then it's probably time to consider hiring a co-pilot to avoid making financial mistakes and maximize your investment returns. 

Either way, no matter where you are in your financial journey, today's episode shares the 9 steps you can take to invest $1,000 right now! Imagine the impact properly investing $1,000 can have on your growth potential. We talk about that and so much more in today's show. 

For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/12/how-to-invest-1000-in-2019/ 

Dec 28, 2018
How to Win With Money: Average Net Worth by Age
01:24:41

The New Year equals new opportunities to calibrate and refocus. 2019 can be your year of success! As one of our neighbors and friends here in Franklin, TN says, “You can make this year your best year ever!”

So, be sure to join us for this very special year-end episode of The Money Guy show where we provide you with an overview of what you need to be doing to keep yourself on track financially.

For more details, visit the show notes on our website: https://www.moneyguy.com/2018/12/win-with-money/ 

 

Dec 21, 2018
Top 5 Entrepreneurial Mistakes That Everyone Seems to Make
22:24

This week’s mini episode of The Money Guy Show zeros in on the five mistakes all new business owners tend to make. Brian admits to making all of these mistakes himself when he was a new business many years ago and has seen it time and time again with others.

So, what are these five entrepreneurial mistakes and what can you do to avoid them if you yourself are a new entrepreneur or thinking about becoming one? Tune in to today’s episode to glean valuable insights about mistakes to avoid as a new business owner and lessons you can learn from the entrepreneurs who have come before you.

For more details, visit the show notes on our website: https://www.moneyguy.com/2018/12/5-entrepreneurial-mistakes/

 

Dec 14, 2018
Lessons Learned From Celebrity Mistakes
42:27

Everyone wants to be like a celebrity. All they have to do is have the right handbag, shoes, or outfit and it will sell out. We have learned celebrities are not immune to financial mistakes. We have all seen stories in the media about different mistakes that celebrities have made.

Be sure to tune-in to this week’s episode of The Money Guy Show as we share the lessons we have learned from celebrity financial mistakes. Also, how you can apply these lessons to your financial life.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/12/celebrity-financial-mistakes/

 

Dec 07, 2018
Are Generous People More Successful?
22:21

Are generous people more successful? Cultural idioms like it’s a “dog-eat-dog-world” and “nice guys finish last” may have you thinking that while generosity is the “right” way to be, it doesn’t always pay-off in the end. And that somehow the “ends justifying the means” is the way to get to the top of the success scale.

Well, we have a contrary belief to the worldview of generosity and, as it turns out, there are studies that reveal that generosity does, in fact, lead to success!

Be sure to tune-in to this week’s short episode of The Money Guy Show to find out just how successful some generous people are and how they get there while others do not.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/11/generous-people-more-successful/

Nov 30, 2018
12 Days of Saving this Holiday Season
39:47

Ever wonder what the 12 days of Christmas cost? Well, we did too! Today’s episode is inspired by PNC Bank’s Christmas Price Index. For 35 years, they have calculated the prices of the twelve gifts from the classic carol "The Twelve Days of Christmas." The result is the PNC Christmas Price Index, a unique and whimsical holiday tradition that makes learning about the economy fun.

In addition to covering PNC’s Christmas Price Index and inflation, we also wanted to relate these twelve traditional gifts to financial tips and recommendations we think you ought to take care of before 2019 gets here. We are only a few weeks away from a brand new year, and there are certain financial matters that are better to address in the current calendar year.

Money Guy Show family, it is officially “Merry Christmas” time. Join us for today’s episode of The Money Guy Show as we uncover the 12 ways you can save this holiday season!

 

For more details, please visit the show notes on our website: https://www.moneyguy.com/12-Days-Saving 

Nov 23, 2018
Financial Advice You Wish You Knew as a Teenager
16:56

Today’s episode of The Money Guy Show is inspired by a listener question.  This listener wrote in to the show and asked us what advice we wish we knew as a teenager, because she is a youth group leader working closely with young adults. And what a great question this is!

So, we’re shifting today’s episode to speak directly to our teenage listeners and parents with teenagers. Even if you aren’t in this group of listeners, there are still plenty of useful and timeless tips we share to help set you up for financial success.

For more details, visit the show notes on our website:  https://www.moneyguy.com/financial-advice-teenager

Nov 16, 2018
How to Become the Next Millionaire Next Door with Dr. Sarah Stanley Fallaw, Ph.D.
01:03:15

We have a special show for you this week with a very special guest: Dr. Sarah Stanley Fallaw, Ph.D. Dr. Fallaw is the founder and President of DataPoints LLC, a company that provides scientifically validated, automated behavioral finance tools to the financial services industry. DataPoints created the industry's first biodata-based, predictive assessment of individual propensity to build wealth. She is the co-author of The Next Millionaire Next Door, a new edition to her father Dr. Thomas Stanley’s original text The Millionaire Next Door.

Dr. Fallaw joins us to share her research on what the portrait of today’s millionaire looks like. She reveals the psychological and behavioral side of financial planning. Tune in to find out how the way people think about and react to money correlates with their ability to build wealth.

For more details, visit the show notes on our website:  https://www.moneyguy.com/2018/11/become-next-millionaire-fallaw/

Nov 09, 2018
The Ultimate Guide to Planning a Trip to Walt Disney World!
28:45

Hey Money Guy Show family! We’re back with a second episode on how you can plan for your next magical Disney World vacation. We did a similar show two years ago (Maximizing the Magic: All the Ways You Can Save Money at Walt Disney World) and are back with even more tips and tricks you can use to help you make the Disney magic go further.

Brian just returned from a family vacation to Disney World in mid-October and has fresh and new ideas to share with you. When a Disney World vacation can easily cost you thousands of dollars, it’s vital to get the most from your Disney experience.

Tune in to this week’s mini-episode of the Money Guy Show to get new Disney World planning tips, money savings tactics, and exciting park updates.

For more details visit the show notes on our website:

https://www.moneyguy.com/2018/10/walt-disney-world/

Nov 02, 2018
The Top Habits of Highly Successful People
45:33

In today’s episode of The Money Guy Show, we take a closer look at Sarah Stanley Fallow, Ph.D.’s new book The Next Millionaire Next Door, Steven Covey’s 7 Habits of Highly Effective People, Tom Corley’s 9 Habits of Highly Successful People, and Tony Robbin’s How to Establish Joyful Habits. What we found is that there are certain habits and behaviors that show up again and again that correlate with success.

Be sure to tune in as we explore the habits and choices that millionaires make that contribute to their financial well-being. Also, if you haven’t done so already be sure to subscribe to our mailing list so that you get access to special show giveaways. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/10/financial-success-habits/

Oct 26, 2018
How to Become a Financial Advisor
25:00

Today’s mini-episode of The Money Guy show is a compilation of road shows we put together for our #AskTheMoneyGuy series. 

In today’s listener-inspired episode, we cover a question we get all the time that we didn’t realize would come up as often as it does and that is how to become a financial advisor. This one is near and dear to our hearts as financial advisors ourselves and a question we’re happy to answer in this week’s installment of The Money Guy Show.

Be sure to join us on the road this week as we talk about how to become a financial advisor.

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

https://www.moneyguy.com/2018/10/how-to-become-a-financial-advisor/

Oct 19, 2018
A Different Take on Rebalancing
45:28

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 12, 2018
Cash Is Making Money Again! Here Is What It Means For Your Wallet
19:55

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/

Oct 05, 2018
Surviving and Thriving in the Transition to Retirement with Fritz Gilbert
01:15:51

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 28, 2018
Use Whole Life Insurance to Avoid Estate Taxes?
18:35

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 21, 2018
The Worst Financial Rip-Offs and How to Avoid Them
58:37

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 14, 2018
Are You Letting Fear Drive Your Investment Decisions?
21:31

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/ 

Sep 07, 2018
How to Beat Market Timers
36:50

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 31, 2018
Zero-Fee Index Funds Are Here! Here's What It Means For Your Wallet.
19:02

 

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 24, 2018
Financial Order of Operations: How To Prioritize Your Financial Goals
43:41

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 17, 2018
Shopping Hacks That Will Save You a Fortune!
17:22

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 10, 2018
Seeing the BIG Picture of Your Financial Life
42:11

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/ 

Aug 03, 2018
Should You Cut the Cable Cord?
17:49

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 27, 2018
Why Following the Crowd is Dangerous When it Comes to Investing
39:36

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 20, 2018
Traditional IRA vs Roth IRA: Which is Better?
19:00

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 13, 2018
How to Be a Tax-Free Millionaire
44:32

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/ 

Jul 06, 2018
Timing the Market | Can Experts Be Trusted?
13:43

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 29, 2018
The Worst Mistakes You Could Make With Your Money, Part 2
45:17

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 22, 2018
The Worst Mistakes You Could Make With Your Money
56:31

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 15, 2018
9 Ways To Lower Your Auto Insurance Bill
16:14

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 08, 2018
What Wealthy People Know About Spending Money
54:46

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/

Jun 01, 2018
Why Americans Are Broke
18:08

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 25, 2018
Why The Tesla Model 3 Is The Best Car This Year!
01:02:52

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 18, 2018
What You Need to Know About Whole Life vs. Term Insurance
11:42

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 11, 2018
Why Do Stocks Go Up (and Down)?
53:55

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/

May 04, 2018
Mind-Blowing Benefits of Health Savings Accounts
14:29

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/

Apr 27, 2018
Millionaire Habits By Age | How To Become a Millionaire
01:15:04

In this week's episode of The Money Guy Show, we share the wealth-building habits by age that can put you on the path to Millionaire status. Tune in to find out how to dial-in your money mindset in each decade of your life, and what financial matters you should be most focused on as you progress through the years.

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

https://www.moneyguy.com/2018/04/millionaire-habits-by-age-how-to-become-a-millionaire/

Apr 20, 2018
How to Know if You Should Invest in a Lump Sum or Dollar-Cost-Average
09:27

If you've come into some money, how should you invest it? Lump sum or dollar-cost average? Tune in to this week's episode of The Money Guy Show to find out how each investment strategy works and how to assess which one is right for your specific situation.

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

https://www.moneyguy.com/2018/04/how-to-know-if-you-should-invest-in-a-lump-sum-or-dollar-cost-average/

Apr 13, 2018
The Truth About Keeping Up with the Joneses
52:10

In this week's installment of The Money Guy Show, we break down how you can inoculate yourself against the temptation to try to keep up with the proverbial Joneses.

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

https://www.moneyguy.com/2018/04/the-truth-about-keeping-up-with-the-joneses/

Apr 06, 2018
How to Maximize Your Charitable Giving Under 2018 Tax Changes
18:52

In this week's episode, we talk about ways you can align your Army of Dollar Bills with a heart of giving. Being generous and minimizing your taxes can go hand-in-hand if you are thoughtful with the way you give.

Tune in to this week's episode to learn how you can maximize charitable donations under the 2018 tax changes.

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

https://www.moneyguy.com/2018/03/how-to-maximize-your-charitable-giving-under-2018-tax-changes/

 

Mar 30, 2018
How to Get the Most from Your Rewards Credit Cards
01:08:11

Credit cards, if used responsibly, can be a great financial tool to help your Army of Dollar Bills go further for the purchases you make. It's been quite some time since we covered the topic of credit cards, so tune in this week as week revisit this important financial subject.

In this episode, we review how to use credit cards to your financial benefit and look at the different types of rewards programs in depth.

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

https://www.moneyguy.com/2018/03/how-to-get-the-most-from-your-rewards-credit-cards/

Mar 23, 2018
Unbelievably Useful Tips for Buying Mutual Funds
10:55

Mutual funds. Many people use them as part of their long-term investment strategy, but how do you pick which mutual fund is right for you?

Don't miss this week's 10-minute episode where we share the two ways you can buy mutual funds and trends you should watch for as an investor with choices.

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

https://www.moneyguy.com/2018/03/unbelievably-useful-tips-for-buying-mutual-funds/

Mar 16, 2018
Warren Buffett's Top Investing Strategies | Annual Letter Highlights
47:01

For anyone who has listened to The Money Guy Show for a while, you know how much we love our annual tradition of reviewing Warren Buffett's yearly letter to Berkshire Hathaway shareholders. Make sure you tune in to this episode to hear us extrapolate the financial insights that apply to all investors.

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

https://www.moneyguy.com/2018/03/warren-buffets-top-investing-strategies-annual-letter-highlights/

Mar 09, 2018
How to Win with Passive Investing Right Now
10:12

How do you design a portfolio to meet your financial goals? We share the difference between active versus passive investing strategies, and which one may make the most sense for long-term financial success in this week's installment of The Money Guy Show.

For more details, please visit the show notes on our website: http://www.moneyguy.com/2018/03/how-to-win-with-passive-investing-right-now/ 

Mar 02, 2018
Beware of These Mistakes When Buying and Selling a Home
56:35

In this week's episode of The Money Guy Show, we dig into the painstaking details of buying and selling a home. We share the biggest mistakes to avoid, ones that we ourselves have even made, and offer tips on how to approach your next real estate transaction successfully.

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

http://www.moneyguy.com/2018/02/beware-of-these-mistakes-when-buying-and-selling-your-home/

Feb 23, 2018
6 Reasons Why Dave Grohl Is a Financial Rock Star
13:23

Dave Grohl is not only a rock star in the music industry but he's also one with his finances. Here are the six reasons why Dave Grohl is a financial rock star.

There are six reasons why Dave Grohl's approach to his finances makes him so unique. Catch this week's episode to find out how to apply Dave Grohl's viewpoints on money to be a financial success, too.

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

http://www.moneyguy.com/2018/02/6-reasons-why-dave-grohl-is-a-financial-rock-star/

Feb 16, 2018
What to Do When the Stock Market Get Scary
55:44

The week of February 5, 2018, has been an interesting week for the markets. The market got spooked, and so did many investors.

Tune into this week's installment of The Money Guy Show to find out what happened, why it happened, and what you can do to protect yourself from volatile markets.

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

http://www.moneyguy.com/2018/02/what-to-do-when-the-stock-market-gets-scary/ 

Feb 09, 2018
Bitcoin: Informative Insights for Potential Investors
14:41

Join us for this very special extra-installment of The Money Guy Show. We not only offer our views on this new form of currency, but we unpack where we think the real opportunities are when it comes to digital money.

Highlights from this week's mini-episode include:

  • Overview of Bitcoin, cryptocurrency, and blockchain technology
  • Where Brian sees the opportunity
  • How investors make money with cryptocurrencies
  • Word of caution for people investing in cryptocurrencies

For more details, visit the show notes on our website: http://www.moneyguy.com/2018/02/bitcoin-informative-insights-for-potential-investors/ 

Feb 02, 2018
Changing Jobs? Here Are Your Options for Your 401(k)
40:43

With the average person now holding 11.7 jobs over the course of his or her career, according to the Bureau of Labor Statistics, there is a good chance that retirement plan assets get left behind.

If you have ever wondered how best to take your 401(k) assets with you when you switch employers, you will want to tune in to this week's episode of The Money Guy Show.

For more details, visit our show notes on our website: http://www.moneyguy.com/2018/01/changing-jobs-here-are-your-options-for-your-401k 

Jan 26, 2018
Vision Planning In 2018: How To Set (and Keep) Financial Goals
53:12

Tune in to this week's show to learn the 7 Steps to developing a Vision Plan for your future. The last thing anyone wants is to find out they don't have enough money saved to retire when or how they want. This is why creating a Vision Plan is so important to your financial success.

Don't settle for just any version of your life when you can create the best version of your financial future starting right now.

Visit the show notes for more detail: 

http://www.moneyguy.com/2018/01/vision-planning-in-2018-how-to-set-financial-goals/

Jan 12, 2018
The GOP Tax Plan: What Does it Mean For Your Tax Bill?
59:28

With the Tax Cuts and Jobs Act of 2017 (TCJA) taking effect on January 1, most people are wondering what the GOP tax plan means for them specifically. In today’s show, we go over what you need to know about TCJA and the different ways you can leverage the changes.

Tune in so you know how to make smart money choices and tax moves going forward.

Visit the show notes for more detail:  http://www.moneyguy.com/2017/12/the-gop-tax-plan-what-does-it-mean-for-your-tax-bill/

Dec 29, 2017
How to Buy A New Car From A Dealer
53:51

When you have exercised forced scarcity and been disciplined with your finances, there often comes a point in your life where you go from being a "tight wad," as we say here at The Money Guy Show, to being able to spend a bit more freely. When that shift happens from super saver to abundance, buying a new car might be on your wish list.

In this week's episode of The Money Guy Show, we walk you through all the tips and tricks of buying a new car.  Tune in so you can learn how to avoid the common car buying mistakes that wind up costing consumers thousands of dollars. Instead, find out how you can successfully buy a new car and feel good that you got the best price possible.

For more details, please visit the show notes here.

Dec 15, 2017
The Definition of Wealth
48:50

What is wealthy? We define what it means to be wealthy relative to your peers at every age and stage of life in this latest episode of The Money Guy Show.

When it comes to your money, we wanted to provide you with a resource that would help break down and explain financial priorities that put you on the path to financial independence. We talk about the various things you ought to be thinking about and doing in every decade of your life from your 20's to your 50's and into retirement.

For more information, visit the show notes here: http://www.moneyguy.com/2017/12/the-definition-of-wealth-things-to-think-about-at-every-age-stage-of-life/

Dec 01, 2017
How to Navigate Hiring a Financial Planner
53:06

Navigating your personal finances can be complicated enough. Finding the right type of financial professional for your needs can be a little easier when you know what to look for and where you can find it. With nearly 300,000 financial professionals hanging their hat on the same tile of “financial advisor,” it’s important for any investor to understand the different types of financial professionals that exist and what they do.

In this week’s installment of The Money Guy Show, we offer helpful tips and tools as you consider your options when it comes to financial professionals.

For more details, visit the show notes: http://www.moneyguy.com/2017/11/how-to-navigate-hiring-a-financial-planner/

Nov 17, 2017
The Ultimate Guide to 529 Plans: What Every Parent Needs to Know
51:36

We address many of the important questions parents have about how they should save toward their children's future education costs. Which tools are available? Which ones are the best for your situation? Don't go anywhere, because we cover that and a whole lot more in this week's installment of The Money Guy Show.

Read more in the show note at http://www.moneyguy.com/2017/11/the-ultimate-guide-to-529-plans-what-every-parent-needs-to-know 

Nov 03, 2017
Financial Decisions That Will Terrify You
55:41
In this special Halloween episode of The Money Guy Show, we share financial decisions that will terrify you! Tune in as we discuss 6 BIG BAD SCARY FINANCIAL DECISIONS and 6 SUPER SCARY GOOD DECISIONS.
Oct 20, 2017
6 Types of Insurance That Can Keep You Out of Trouble
01:05:52
Tune in to this week's episode of The Money Guy Show to learn about the types of insurances you need - and don't need - to keep yourself out of trouble and what you value safe.
Oct 06, 2017
Equifax Data Breach: What You Need to Know
56:52
Equifax Data Breach: What You Need to Know to Protect Yourself
If one of the three major credit reporting agencies can be hacked, is any of our information really safe? Tune in to this week's episode of The Money Guy Show where we review all the ways your credit is used and what impact the Equifax data breach has on your sensitive personal information.
Sep 22, 2017
Financial Advice for Teenagers: Ways to Win With Money!
58:40
financial advice for teens ways to win with money
In this week's episode of The Money Guy Show, we tackle the money concepts we think are important to start mastering as a teenager. Having winning financial knowledge as early as possible can have a significant impact on future financial success.
Sep 08, 2017
Don’t Let These Obstacles Ruin Your Retirement
46:54
Don’t Let These Obstacles Ruin Your Retirement
Knowing what obstacles may try to come between you and your retirement can help ensure you are able to avoid and overcome them.
Aug 25, 2017
What You Need to Know About Using Retirement Funds Early
44:41
what you need to know about accessing your retirement funds early
If you ever wondered what would happen if you dipped into your retirement savings before turning fifty-nine and half years old, this episode is for you. This is a cautionary tale about when it *might* make sense to withdraw retirement funds before you retire.
Aug 11, 2017
Do This With Your Money to Live Like No One Else
46:26
Do This With Your Money to Live Like No One Else
Knowing how to prioritize your money is what we talk about in this week's episode of The Money Guy Show. We share some simple guidelines that will better inform you as to where your next dollar should go.
Jul 28, 2017
The Zombie Effect: How to Escape The Walking Debt
47:38

You don't have to be a die-hard The Walking Dead fan to appreciate the allusion for this week's podcast. As financial advisors, we can draw parallels between a fictitious zombie apocalypse and the type of real apocalypse that debt can cause in people's lives.

Tune in to this week's episode of The Money Guy Show as we prepare you for the zombie effect of debt and train you to leverage it as a tool instead.

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

https://www.moneyguy.com/2017/07/the-zombie-effect-how-to-escape-the-walking-debt/

Jul 14, 2017
11 Hallmark Signs You’re a Financial Success
37:44
hallmark signs you're going to be a financial success
Do you exhibit these hallmark signs of being a financial rock star? Chances are that most, if not all, of these signs look familiar to you. But are you doing your part in each of these areas to reach your financial potential?
Jun 30, 2017
How to Win Friends and Influence Your Wallet
48:20
How to Win Friends and Influence Your Wallet
In this episode of The Money Guy Show, we're sharing the super-hero skill set you need to effectively complain to come out ahead economically. We also reveal the five things you can do so you aren't taken advantage of by your beloved service providers.
Jun 16, 2017
How to Know If Your Financial Advisor is Working Against You
51:16
is your financial advisor working against you
In this episode of The Money Guy Show, we walk you through five red flag warnings that your financial advisor may not be representing your best interests. Tune in to learn the ways in which a financial advisor may be working against you and what you can do to protect yourself and your finances.
Jun 02, 2017
The 1 Thing You Need to Do to Build Financial Independence
39:50
The 1 Thing You Need to Do to Build Financial Independence
Ever wonder if there was one thing in particular you could do that would truly help you build financial independence? While we share this simple concept in many of our podcast episodes, this is the first time we are dedicating an entire episode of The Money Guy Show to it. Tune in to find out how to implement the concept of forced scarcity into your day-to-day life and what it can do for your long-term financial situation.
May 19, 2017
How to Avoid Becoming a Miserable Financial Miser
42:00
How to Avoid Becoming a Miserable Financial Miser
Don’t become an asset hoarder that distorts the benefits of being financially responsible.
May 05, 2017
How to Take the ‘Wealth’ Less Traveled: Insights on Success & Pursuing Your Passion
39:56
how to take the wealth less traveled
What would it take for you to step outside your comfort zone, to take a risk and pursue your dreams? In this episode, we give you the benefit of our experience and the preparation you need to be successful in whatever endeavor you pursue.
Apr 21, 2017
Ways to Tackle Education Planning as Life Happens
41:32
Ways to Tackle Education Planning When Life Happens
In this week's episode of The Money Guy Show, we talk about all the ways you can plan for your child's education and which tools will be most flexible for you no matter what path your child takes.
Apr 07, 2017
The Best Investment That Only 20% of Investors Have
36:48
The Best Investment That Only 20% of Investors Have
Prepare to get a little nerdy with us as we dissect index funds, and why they are the best investment that only 20% of investors have.
Mar 25, 2017
How to Win in Finance Like Warren Buffett
46:48
How to Win in Finance Like Warren Buffett
Tune in to hear us share ways you can win in finance like Warren Buffett. We'll explore the traits and behaviors that have made him such a financial success and how all of us can put his good money examples to work in our own lives.
Mar 10, 2017
10 Huge Tax Mistakes You Don’t Want To Make
45:02
10 huge tax mistakes you don't want to make
With over two decades of tax preparation experience, this Money Guy Show episode shares tax preparation tips that you've probably never heard of before. We want to help you avoid the most common mistakes that people make when filing their income tax returns.
Feb 24, 2017
What to Do With Your Retirement Assets When You Change Jobs (or Retire)
49:21
what to do with your retirement assets when you change jobs
In this week's episode of The Money Guy Show, we let you know how to assess the options for your money when you change jobs, or retire, and what you should consider before making your final decision. Wondering what to do with your retirement assets may be a detail that slips your mind in the midst of all the hustle and bustle of such a transition. That being said, you'll want to make a decision sooner rather than later over what to do with your hard-earned dollars when you leave an employer who provided your retirement plan.
Feb 10, 2017
Eyebrow-Raising Facts About How the Top 1 Percent Manages Wealth
45:49
Eyebrow-Raising Facts About How the Top 1 Percent Manages Wealth
Ever wonder what is considered the top 1 percent of income earners in the United States? Or how they wind up managing their wealth differently from those of us still building wealth? Well, we've gotten some questions from our listeners about what to do with your wealth once you cross a certain threshold and how to approach some of the "fancier" products on the market that are designed specifically for people with sizable assets. The truth behind the top 1 percent of high income earners and what they do with their wealth may surprise you.
Jan 28, 2017
Setting the Amount You Need for Retirement the Right Way
38:10
Setting Your Retirement Number
It's the beginning of a New Year and you may be wondering if you're doing everything you should be doing right now in order to secure enough money for your eventual retirement needs. Taking a pulse of where you are financially and how you measure up against other people in your age range is a wise step towards making sure you stay on track financially. It's not enough to simply hope there will be enough money for you to retire comfortably. That's why we dedicated this episode of The Money Guy Show to helping our listeners know where you are and what you can do to work towards a better retirement.
Jan 13, 2017
How to Build a Better Retirement in 2017
41:55
how to build a better retirement
It's the end of 2016 and the beginning of a New Year. Now is the perfect time to look forward to opportunities that are going to best help you reach your long-term financial goals. What better tools do we have to prepare for our future than retirement savings accounts? And with so many different types, it can get confusing over which ones to choose from. We take a deep dive into the different retirement planning tools you can use to build a better retirement in this episode of The Money Guy Show.
Dec 31, 2016
Ways to Overcome Investment Analysis Paralysis
45:55
Ways to Overcome Investment Analysis Paralysis
If you've been watching the markets these last several weeks, you may be wondering what you should be doing with your investments. Rest easy, because in this episode of The Money Guy Show, we take a stroll down memory lane to explore how markets have performed over the last seventy years and what investors should do today when market performance is at an all-time high.
Dec 16, 2016
3 Ways to Understand Your Money Mindset
34:18
3 ways to understand your money mindset
If you're wondering how to create a money mindset that leads to financial success, this is the show for you. In this episode we walk you through the three critical areas where you can shape how you think and feel about your finances so that you're better prepared to see opportunities and pursue your dreams.
Dec 02, 2016
How to Be a Retail Rambo this Black Friday
39:48
how to be a retail rambo on black friday
Black Friday is coming and we want to prepare our listeners to be judicious spenders and maximize your hard earned dollars this holiday shopping season. In this episode of The Money Guy Show, we walk you through how to avoid the Black Friday gimmicks and get the greatest bang for your buck. Hold on tight, because we cover a lot of ground in this fun segment of our podcast.
Nov 18, 2016
How to Survive and Thrive Financially From This Year’s Presidential Election
46:12
This year's presidential election has a lot of investors on edge over what the outcome will mean to their bottom line. That's why in this week's episode of The Money Guy Show, Bo and I are talking about all the ways you can survive and prosper financially regardless of who gets elected into office come November 8.
Nov 04, 2016
Maximizing the Magic: All the Ways You Can Save Money at Walt Disney World
50:41
In this episode of The Money Guy Show, we have compiled a list of tips and tricks that will help you stretch your wallet and maximize your time when you plan your next Disney getaway. Tune in to hear Brian and Bo share their insights for maximizing the magic at Walt Disney World and also get an inside peek at Brian's most recent family trip to Disney World while Hurricane Matthew slammed the east coast.
Oct 21, 2016
How to Leverage Fear for Financial Opportunity
30:47
Everyone has fears. It's what you do with fear that determines whether or not you will allow it to help you or hurt you. In this episode of The Money Guy Show, Brian and Bo explore how investors can leverage fear to their financial advantage and discuss the steps you can take to overcome your fears to reach success.
Oct 07, 2016
3 Steps You Can Take So You Don’t Screw Up Your Portfolio
43:31
There are a series of things you can do in order to set yourself up for financial success. Likewise, there are a set of things that maybe you're not doing that could be negatively impacting your financial portfolio. In this episode of The Money Guy Show, Brian and Bo walk listeners through the three easy steps you can take so you don't screw up your portfolio.
Sep 23, 2016
The Best Money Advice You’ve Ever Received
34:41
Have you ever stopped to think about what the best money advice you've ever received was? It's quite the loaded question that takes a little contemplation. Well, that's exactly what we do on this episode of The Money Guy Show. And what's even better? We invited a few of our friends to share their answer to this deep question with our listeners.
Sep 09, 2016
I Wish I Knew Then What I Know Now About Building Wealth
35:00
the money guy show
In this episode of The Money Guy Show, Brian and Bo discuss the five biggest tips the future wealthy you would want you to know right now about building wealth. This is a truly universal topic that applies to everyone - every age and every income level.
Aug 26, 2016
Everything You Never Thought You Needed to Know About Health Savings Accounts
35:08
health savings account
In our latest installment of The Money Guy Show, we're tackling the wild topic of Health Savings Accounts. Now, upon first hearing the words "health savings account" you might be thinking you don't need one of those. Listen in, because Brian and Bo unpack this incredibly useful type of savings account and you won't believe the benefits they reveal.
Aug 12, 2016
The Secrets to All-Inclusive Travel
42:40
One of the primary things you dream about as you work towards financial independence is the day you get to travel and enjoy the fruit of your hard work. Most of those fantasies include a tropical beach, a cold adult beverage, and the smell of sunscreen. Unfortunately, many of us become such proficient savers that we have a hard time letting go of the purse strings to actually start spending.
Jul 29, 2016
All You Need To Know About ABLE Accounts
29:43
The ABLE Account is an incredibly valuable new savings vehicle specifically geared for individuals with disabilities. Brian shares his personal experiences raising a special needs child and gets into the details of how these accounts operate. The ABLE Account is essentially a way to save and invest on a tax free basis to use for the support costs of disabled individuals.
Jul 15, 2016
Brexit, ETFs and Mutual Funds – What You Need to Know
58:20
Brian and Bo jump into the Brexit conversation and give you their insight on the events and subsequent market volatility. The guys also talk through the differences between ETFs and Mutual Funds and explain which one may make the most sense for your situation
Jul 01, 2016
Last Week Tonight – Retirement Plans
41:58
Finally! Someone in the mainstream media caught up with the times and discussed some of the issues within the financial advisory world that we have been sharing with listeners for over a decade now. HBO’s John Oliver, host of Last Week Tonight, put the commission based financial advisory world on blast by sharing his experience of implementing a 401k plan for the Last Week Tonight staff.
Jun 17, 2016
3 Behavioral Finance Traits You Should Avoid
29:07
Without a doubt, humans are emotional creatures. You could even argue that we’re drawn to negative behaviors. A large part of becoming better and more efficient with managing your personal finances is to work to control and tame that emotional behavior. In this episode, we address 3 Behavioral Finance Phenomena That Impact Your Finances, and we give you a guide to restore order to financial chaos.
Jun 03, 2016
Use Tax Planning as a Window into Your Financial Future
37:48
With April behind us, you might feel a sense of relief since you won’t have to deal with anything tax-related for a while. But just because you’ve completed your taxes for the year doesn’t mean you’re done with tax planning. Your tax return can tell you a lot about your financial life. In fact, we like to think of it as the window into all of your most important financial decisions. On this episode, we’ll help you put together your tax planning toolbox by sharing what you need to know to take as many deductions as possible, identify tax savings opportunities, and so much more!
May 20, 2016
The Importance of a Proper Estate Plan
48:36
A few weeks ago, the death of musical icon Prince sent shockwaves through fans around the world. But perhaps what was more shocking than his untimely death, was the revelation that he passed away without a will or proper estate plan in place. Creating an estate plan isn’t something you do for your own benefit -- it’s for the loved ones left behind. Today, we're discussing what you need to structure in your life to ensure you have a solid estate plan in place so you can start developing your own.
May 06, 2016
Breaking Down the It Factor
39:57
Ever wondered how super-productive people seem to get everything done -- and make it look so easy in the process? You're not alone in asking this question. How do they do it, when we all have the same 24 hours in a day? We're bringing you the answer on this episode of The Money Guy Show! We discuss that elusive it factor and outline the actions that you can take to shift your focus and begin boosting your productivity to reach a higher level.
Apr 22, 2016
The Money Guy Mailbag Episode
44:33
Ever wish the Money Guys would answer YOUR money-related question? That's exactly what we're doing in today's episode, as we answer questions from members of the Money Guy family. A few weeks ago, we asked show listeners on Facebook to tell us what you want covered on the podcast -- and we got a wealth of great topics. Let's dig into the mailbag and respond to the questions that matter to you!
Apr 08, 2016
Everything You Need to Know About IRAs
36:10
How much do you really know about IRAs? When you can choose between Traditional, Roth, SEP, SIMPLE, and more IRA options, it’s easy to get confused. How can you be sure that you’re choosing the right one? By tuning into the Money Guy Show, of course. On the show today, we’re talking about the evolution of IRAs and why they're not all created equal. We break down each account option available and help you make sense of their long-term benefit to your bottom line.
Mar 25, 2016
Financial Order of Operations, Money Guy Style
29:07
Often, not knowing all the good ways to put money to work for you isn't the problem stopping you from achieving financial success. It's knowing what to do first and how to prioritize when we all have so many competing financial goals. It'd be great if there was a sort of financial order of operations we could use to know the right order of steps to take to build wealth, right? Which is why, on today’s episode, we’re giving you that order of operations for managing your finances. Tune in and learn more!
Mar 11, 2016
The Secrets of the Financial Planning Industry
36:15
Have you ever felt confused about what REALLY goes on in the financial planning industry? Traditionally, financial planning as a profession has lacked transparency, and stories of bad experiences with salespeople disguised as "advisors" deter many people from even trying to seek out reliable, trustworthy financial planners. On today's episode, we're pulling back the curtain to shed light on what really goes on in the financial planning industry, what you need to know to identify sure signs of a good thing and red flags that serve as warnings, and much more.
Feb 26, 2016
How to Spot and Maximize Opportunities
47:24
There’s not a single person that enjoys missing out on great opportunities -- especially those that have the potential to completely change the trajectory of life. And yet, many of us do this by not recognizing when opportunities are presented, or having all sorts of reasons why we can't pursue them when we DO recognize them. Today, let's talk about how to get past that so you can identify where you can make the most of your unique talents. Tune in and start maximizing the opportunities that come your way!
Feb 12, 2016
Financial Mistakes You Hope Your Friends Will Make
32:43
It’s always nice to enjoy your hard-earned money -- but not so much that you sabotage your future financial goals. But there may be ways to enjoy all the benefits of vacation homes, specialty vehicles, and other luxury, lifestyle purchases without allowing these potential landmines to derail your long-term financial plans. These are the kind of financial "mistakes" you want to avoid.. but may wish your friends make! It's all in good fun, and this week's episode takes a look at why these kinds of luxury purchases can put you off the path to financial success -- and some smarter, simpler ways to enjoy the good life without losing out on opportunities to grow real wealth.
Jan 29, 2016
All the Financial Advice You Need on an Index Card
39:06
Happy 2016! The Money-Guys are thrilled to celebrate 10 years of producing The Money Guy Show. It’s been an incredible decade of sharing this podcast with you. Thanks for being along for the ride. On this episode, we want to cover something you might have seen in the news recently: the claim that you can fit all the financial advice you need on an index card. But we’re putting a bit of Money Guy twist on things, and sharing some unique tips and ideas for smart and simple money management.
Jan 15, 2016
The 30(ish) Minute Financial Plan
54:03
Happy New Year, y'all! We want to start your new year off right in this first Money Guy Show episode of 2016. Whether you just started your financial journey or you consider yourself a money master, today's podcast will get you on the right path to financial success. We're bringing you all you need to know to create your own financial plan in just about 30 minutes. Ready to get started?
Jan 01, 2016
7 Must-Read Books for Success in 2016
30:12
Get your New Year reading list in order with our 7 must-read book recommendations for 2016. Whether you want to improve your financial health or focus on self-development, these books have you covered. If you’ve ever wondered what information helped shape us into the financial experts we are today, this show provides the answers. After tuning in, don't forget to connect with us on Twitter @MoneyGuyPodcast, or check us out on Facebook. Share your own book recommendations with us on social media -- we’d love to hear what you think we missed.
Dec 18, 2015
The Expensive Truth About Annuities
40:21
Truth about Annuities
Today, we want to expose a few truths about a type of investment that gets a lot of folks in the financial world fired up. We're sharing the truth about annuities on this episode of The Money-Guy Show, and explaining what you need to know about four different types of annuities and the expensive fees associated with each.
Dec 04, 2015
7 Steps for Successful Vision Planning in 2016
36:44
Vision Planning for 2016
In this episode, your Money Guys cover a few tips on Black Friday shopping before revealing 7 steps you can take to have a successful 2016. If you’ve found you’re not happy with where you are and want to push past boundaries in 2016, this show will leave you feeling inspired to take action.
Nov 20, 2015
11 Dangerous Financial Mistakes Couples Make
34:28
Dangerous Financial Mistakes Couples Make
Do you and your other half function as a team? If you’re the financially dominant one, do you include your spouse in all financial decisions? Does your spouse understand why you make those decisions? We’re covering these topics and more as we take a deep dive into how couples can successfully manage their financial lives together. Learn the 11 most common -- and dangerous -- mistakes we see couples make with their money, and gain insight into how you can avoid these missteps in your own marriage and life.
Nov 06, 2015
3 Ways to Make Your Money Go Farther
36:46
Shopping
The holidays are fast approaching, and that means holiday shopping. But if you want to learn how to take advantage of sales year-round -- and not just during the holidays -- then you’ll want to tune into this episode. We’re covering 3 simple but often overlooked ways you can make your money go 3 to 5% further than the rest of your peers.
Oct 23, 2015
How to Get Out of Traps Laid by Bad Investments
44:56
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Do you feel stuck with an individual stock you bought? Or maybe you bought into a front-loaded mutual fund a while ago, and now you’re not sure what to do with it. Perhaps you’ve got one of those variable annuities and it’s dragging your financial life down. On the show today, we’re talking about financial follies and the traps we fall into from bad investments -- and how to get out of them.
Oct 09, 2015
Have Kids? Here’s How to Save for College
45:20
How to Save for College
If you have children, you know a huge cost you'll face as a parent is higher education. In this episode of The Money-Guy Show, Brian and Bo cover 5 important areas that you need to think about in discovering how to save for college -- including where to put your savings and how to invest in plans like 529s.
Sep 25, 2015
Rethink the Way You Look at Cash
34:22
Rethink the way you look at cash
Feel like cash is a boring way to go -- when you could be making great returns in the stock market? Cash may not be as exciting as smart investments, but it's still a vital part of a comprehensive financial plan. This week, Bo and Brian chat about why and how to rethink the way you look at cash.
Sep 12, 2015
Are Robo-Advisors the Enemy? With Jon Stein from Betterment
31:56
Robo Advisors
Tune in today for an exclusive interview with an industry insider: CEO of robo-advisor platform Betterment, Jon Stein. Brian and Jon talk about everything from the future of the financial advice industry to how Betterment goes beyond technology to help its investors. You don't want to miss this episode of The Money-Guy Show!
Aug 28, 2015
Don’t Get Spooked by Market Volatility
55:07
Stock Market Market Volatility
This is a special bonus episode of The Money-Guy Show. In light of recent market activity, we're re-releasing a past show that covered the importance of staying rational and understanding what market volatility really means.
Aug 26, 2015
5 Tips on Navigating Marriage and Money
31:58
Marriage and Money
Whether you’re a newlywed or have been married for decades, navigating marriage and money can be tricky. Don't fall victim to financial arguments, miscommunications, and other mistakes. Here's how to blend marriage and money harmoniously so you can enjoy your wedded bliss.
Aug 14, 2015
6 Financial Mistakes Pro Athletes Make and How They Apply to You
36:12
Financial Mistakes Athletes
As with most shows on TV, HBO's new show Ballers depicts the pro athlete lifestyle as -- well, “baller.” Unfortunately, this is very different from the reality many athletes face day-to-day. Your Money Guys would know. Brian used to work at a firm assisting A-listers and athletes with their portfolios, and Bo has a few friends in the NFL and MLB. They’ve witnessed countless athletes making the same financial mistakes over and over. In this episode, Brian and Bo review six financial mistakes pro athletes tend to make -- and that you can avoid whether or not you've got millions in your bank account.
Jul 31, 2015
A Musical Money-Guy Mashup
44:03
Muscial Money Guy Mashup
Curious about how music relates to your finances? This week, Brian revived an old Money-Guy show from way back in 2013. He takes the 7 principles in The Millionaire Next Door and matched them up with songs and lyrics. Ready to jam?
Jul 17, 2015
How to Avoid Cognitive Investing Biases on the Road to Financial Independence
50:11
Cognitive Investment Biases
Letting your emotions influence your financial decisions, especially when it comes to your investments, is a bad idea. How can we push our emotions aside so they don’t cause us to make grave mistakes with our portfolio? Brian and Bo give you the answers in this episode, and in honor of Independence Day this weekend, discuss 15 cognitive investing biases to avoid on the road to financial independence.
Jul 03, 2015
Why (and How) You Need to Plan for the Cost of College
48:08
College
Your Money Guys are back on this Podcast Friday to share thoughts around the importance of planning ahead for the cost of college -- and how to do so. Brian and Bo discuss how thinking ahead now can save you from bad financial situations in the future, and share a few tips on steps to take to make sure college costs don't get out of control.
Jun 19, 2015
A Baby, a Wedding, and a House
47:00
Engagement Ring
The Money-Guy Show family has been extremely busy lately! We’re excited to celebrate a number of big life milestones with the leaders of Tightwad Nation. This show is a bit different, as Bo is busy welcoming Baby Hanson to his family. Gabe joins the show today as a guest co-host. He's another UGA grad and soon-to-be CFP® -- and he just got engaged! To celebrate, the podcast covers info and resources on finding the right engagement ring and getting started with your wedding planning. Even if you're already married, Brian and Gabe take a deep dive into this subject and provide a lot of knowledge that you could pass along to other friends and family members who have yet to hit this milestone.
Jun 05, 2015
10 Things to Know Before Applying for a Mortgage
44:52
Applying for a Mortgage
Remember our rent vs. buy debate discussed in previous episodes of The Money-Guy Show? While that episode covered the arguments for and against both renting and buying, it didn't take a deep dive into the actual process of financing a home. Today, Brian and Bo look at the ins and outs of applying for a mortgage and cover what you need to know before you borrow money.
May 22, 2015
12 Mistakes to Avoid Making With Your IRA
41:28
Mistakes to Avoid with IRA
Individual Retirement Accounts (IRAs) are critical in securing financial independence in retirement. Because of this, Brian and Bo took the opportunity to discuss what mistakes they see clients make -- and how you can avoid them. Tune in to learn about 12 errors that lead to financial trouble, and go beyond common sense with the latest advice from The Money Guys.
May 08, 2015
5 Habits of 401(k) Millionaires
43:11
401(k) Millionaire
Think it's impossible to become a 401(k) millionaire? Wondering if you can commit to what's necessary to achieve this big goal? On this episode of The Money Guy Show, Brian and Bo review a recent study from Fidelity and dive into the 5 habits and actions that can get you to millionaire status in a working career.
Apr 24, 2015
5 Ways to a Happier Financial Life
26:33
Have a Happy Financial Life
Who doesn’t want to learn how to live a happier financial life? Here's the good news: The Money-Guy Show explains how in this episode. Brian and Bo review an article from The Wall Street Journal and share 5 simple, common-sense keys to living a happier financial life.
Apr 10, 2015
Recapping the 2015 Berkshire Hathaway Letter to Shareholders
55:40
BUFFETT CREDIT
It's our favorite time of year! Well, it's close for financial fans and money nerds. Here's what's going down: Brian and Bo cover the 2015 Berkshire Hathaway Annual Letter to Shareholders in this episode of The Money-Guy Show. Here are the highlights from each.
Mar 27, 2015
Remembering a Personal Finance Icon and His Timeless Advice
38:56
Thomas J Stanley
This episode of The Money-Guy Show is a reflective one as Brian and Bo pay tribute to Thomas J. Stanley, co-author of the popular personal finance book, “The Millionaire Next Door.” They also discuss the importance of healthcare directives in light of Brian’s father-in-law passing away unexpectedly. As loss is unfortunately inevitable in our lives, Brian is also offering his wisdom on how we can turn loss into motivational fuel.
Mar 13, 2015
Lump Sum or Payout: How to Withdraw When You Retire
31:25
Lump Sum vs. Monthly Payments
This week, your Money Guys tackle a question often asked by their clients in regards to retirement planning: “Should I take a lump sum payment, or a monthly pension payment?” Brian and Bo walk listeners through the same decision-making process they offer their clients. They cover the pros and cons of each option, as well as the factors (and math) you need to take into consideration when making the decision.
Feb 27, 2015
What to Do When Life Happens
42:27
Financial Planning for the Unexpected
Here's a simple fact: life happens. Even though we try to plan for everything, we can’t possibly know what life is going to throw at us next. So how can we financially prepare ourselves for life's emergencies? How can we work in financial planning for the unexpected? Today, your Money Guys provide the steps you can take to ensure you’re prepared and can plan for the unexpected.
Feb 13, 2015
Breaking Through the Mystery of Investing
50:22
Investing
Brian and Bo hate to see so many individuals out there put off by the idea of investing. Today, they're showing you how easy it is to get started by breaking through the mystery of investing your money -- because it's the fastest way to grow your wealth.
Jan 30, 2015
Should You Rent or Buy?
39:18
Rent or Buy
Rent or buy? It's a big debate and each side of the argument has its pros and cons -- and your age, your experience, and the way you view your money and your long-term goals can all impact whether you think it's better to rent or buy. In this podcast episode, Brian and Bo cover the emotional aspects of home ownership, when renting may make more sense, and why owning your own home can pay off financially.
Jan 16, 2015
What to Look for When You Need a Financial Professional
47:38
Financial Professional
Your Money Guys kick off the first podcast of 2015 with valuable advice on what to look for in a financial professional -- be it a tax preparer, insurance agent, or financial advisor. Nearly everyone uses (or should use!) services provided by these financial pros, so it's important to understand the questions to ask each of these individuals in order to make sure they’re in the right position to help you. This episode will also provide you with a better idea of how to vet each one so that you end up a happy client.
Jan 02, 2015
Creating a Vision Plan for 2015
45:20
sunset-401541_640
With this last show of the year, we wanted to do something a little different and get you set up for success in 2015. You can change your life in the new year with the right drive, determination, and dedication to your goals. There are no limits! Brian and Bo walk you through creating a personal vision plan for the new year and offer tips on creating a plan, taking action, and achieving success.
Dec 19, 2014
The Financial Decisions to Get Right at Every Stage and Age
43:28
Financial Decisions
No matter what your life stage, there are financial decisions to think about -- and to get right. It’s never too early (or too late!) to take smart action and improve your financial situation. In this episode of The Money-Guy Show, the guys are joined by guest Alan Moore of XY Planning Network to discuss the pitfalls, blind spots, and solutions to money matters and problems for all ages.
Dec 05, 2014
Black Friday and Bad Fees
32:35
Black Friday Shopping
Wait -- what’s a tightwad doing talking about spending money for the holidays? Don't worry, Tightwad Nation. The guys discuss this retail "holiday" as an opportunity to buy things you actually need and at a much lower cost than any other time of the year.
Nov 21, 2014
How to Prioritize Financial Goals
41:01
Here's how to prioritize your financial goals
The guys got a great listener question a few months ago -- from a husband and wife team who listen to the podcast together! -- and are taking it on for this episode. The question: how much should you save and invest if you have debt? Brian and Bo answer with some basics we can all abide by when it comes to prioritizing financial goals, and wrap up with a discussion of some of the biggest money-wasters out there.
Nov 07, 2014
Is the Sky Falling? How to Handle Market Volatility
53:24
Stock Market Volitility
Spoiler alert: no, the sky is not falling. Don’t let the financial media get you riled up when they start trying to develop an emotional frenzy. When you start hearing dramatic reports about the stock market from media outlets, it’s important to understand that the actual data paints a very different picture than the talking heads on your TV or radio.
Oct 22, 2014
Financial Lessons Learned at FinCon
46:12
fincon2
Brian and Bo made their first appearance at FinCon this year and share their experiences with you. They also discuss when it makes sense to be a tightwad versus when you should pay the extra money for professional help. Brian and Bo start by reviewing a few tips found in Damian Davila’s article on WiseBread, […]
Oct 10, 2014
Celebrity Money Mistakes and How to Prevent Them
48:37
Mistakes2
Brian and Bo run through money mistakes that celebrities have made and give you some advice on how to correct or avoid making the same mistakes yourself.
Sep 26, 2014
Target Date Retirement Funds Pros and Cons
34:57
target3
Target date funds have been around for two decades now and they continue to evolve and find their place in more and more portfolios. The funds are typically inexpensive and give you a great amount of diversification while targeting an appropriate amount of risk to fit your financial timeline.
Sep 15, 2014
How Much Insurance Do I Need?
38:45
Brian and Bo discuss insurance necessities as well as the appropriate level of insurance to carry across varying career and life stages. The guys also discuss emergency reserves and disability insurance. If you are in the market for insurance this is the show for you!
Aug 29, 2014
Savings Samurai – Nickel Ninja
41:55
Brian and Bo give you the tips and tools you need to make your dollars stretch further than the rest. The guys share sites to help save you money shopping online, booking travel arrangements, negotiating utilities, and grabbing a cab.
Aug 15, 2014
Dollar Cost Averaging…The Discussion Continues
41:13
This week Brian and Bo dig into the dollar cost averaging discussion, and illustrate the pros and cons that DCA presents. The Dollar Cost Averaging strategy is fairly simple, it boils down to having systematic entry points into the market.
Aug 01, 2014
Broken Dreams: Take 2
29:49
Brian and Bo pick up where they left off last week by detailing financial factors to consider when participating in the housing market. The guys even discuss some strategies and tools to utilize when reviewing non-mortgage, housing related expenses.
Jul 18, 2014
Broken Dreams: What’s Going on in Housing?
44:16
Have you been waiting to buy or sell a house? Are you tired of renting and have been waiting to purchase your dream home? Brian and Bo give you their thoughts on the housing market so you can make sense of the current housing environment. The guys first look at few explanations for the suppressed […]
Jul 11, 2014
Is The Risk Worth The Reward?
35:51
Brian dives into what it takes to be successful in business, finances, and your career, and how that success relates to the risks you take. He covers the habits that seem to drive successful people to push the envelope, and how those are the people who are willing to take risks more often in order to accomplish their goals. He also discusses why people tend to take the easy road and settle for a life that they may only be content with.
Jun 27, 2014
How to Become a Millionaire
41:06
A million dollars seems like such a magic number, but what does it take to get you there? It may be true that saving the first $100,000 is the hardest, but you have to start somewhere. This week Brian and Bo give you the basic steps necessary to becoming a millionaire by retirement age. The choice is yours, start early or start late...it can be done!!
Jun 13, 2014
Top Tips to Prepare for Retirement
40:47
Brian and Bo cover different strategies and steps to take when preparing for retirement and review features that are available in your 401k. The motivation for this show is two articles that finance blogger Dana Anspach recently released about 401k’s and other retirement accounts, 7 Things I Wish People Knew About 401k Plans, and 7 to-do’s before you turn 59.
May 30, 2014
How Do You Hold Your Assets?
39:58
Brian and Bo discuss the strategy behind asset location and give you a breakdown of their thoughts when designing investment portfolios. The guys give you the rundown on tax-efficiency and cover the three “pots” of money in the investing world 1) Taxable 2) Tax-Deferred 3) Tax Free.
May 16, 2014
Is Lending Club a Good Idea?
51:23
The market downturn from 2007-2009 forced banks and other lending institutions to increase their lending standards for personal loans, as a result, peer-to-peer lending has found its footing. From this, Lending Club has jumped to the front of the market for these loans. Brian and Bo have been dabbling with the site over the past year, and in this show they give everyone a rundown of their experience over the past year.
May 02, 2014
Is Identity Theft Protection Worth It?
36:26
Brian and Bo investigate identity theft protection, and credit monitoring industries, as well as provide you with alternative methods to identity security that is available. This week’s episode is a must-listen and a great resource to keep an eye on your credit score, report, and security.
Apr 18, 2014
Discussing Money With Your Aging Parents
30:13
The core of this week’s show is staying informed with your parent’s financial situation. Brian and Bo cover what you need to know and when it makes sense to discuss finances with your parents or children.
Apr 04, 2014
Be An Advocate For Your Wallet
28:00
Brian and Bo share tips for saving money every month with a couple of phone calls. They stress being an advocate for your wallet by constantly looking for the best deals. This week we cover reducing your utility bills and explore resources online that allow you to compare the best prices for the services that you spend money on every month.
Mar 21, 2014
Has Warren Buffett Lost His Golden Touch?
50:27
In this week’s show Brian and Bo analyze Warren Buffett’s annual Letter to Shareholders. It does not matter the market the conditions, he always has a simplistic view and understanding of investing and can relay that information in layman’s terms. Basically, Buffett's still got it.
Mar 07, 2014
Active vs. Passive Investing: Which Works?
44:59
In this episode Brian and Bo dig into the active vs passive argument. It seems like there is a constant battle among investors and advisors about their stance on active and passive management. Brian and Bo share their opinions and give a behind the scenes look of their investment philosophy.
Feb 21, 2014
Tax Essentials
45:53
The IRS started accepting tax returns January 31st so we thought it was best that we give you some tips when filing your return. We cover some topics that will hopefully make filing your 2013 taxes a little less stressful.
Jan 31, 2014
Homeowners Insurance 101
40:27
Brian and Bo cover homeowners insurance in this week’s podcast. The topic surfaced after Brian had a pipe burst in his home and experienced pretty significant water damage. The guys give you a rundown of what to expect during an insurance claim as well as the ins and outs of your homeowners insurance policy.
Jan 17, 2014
Benchmarking Financial Success
46:04
Happy New Year! We are starting the year out by giving you a ton of great advice. The theme of this show is to stick to what works. We are not going to try to re-invent the wheel, but rather explore what creates success and benchmark it. This week Brian and Bo cover some great financial concepts to implement in the New Year.
Jan 03, 2014
The Big Give
37:38
  This week we dig into charitable giving, it’s a perfect topic for this time of year. Brian and Bo cover donor advised funds as well as some cool tax tips. We also discuss our goals for 2014 and give you a sneak peak of what to expect from us in the coming year. Money-Guy […]
Dec 20, 2013
Finding Your Place in Life
41:49
Brian’s recent birthday is the inspiration for this week’s podcast. He reflects on the defining moments in his life so far and shares his thoughts on the factors that determine your place in life, both financially, and emotionally. The two key issues that he felt were pressing to address in this podcast are: 1. Where should you be financially, and 2. Doing things in life that make you happy.
Dec 06, 2013
Financial Lessons Learned in Vegas
55:32
Brian and Bo share funny stories and financial lessons learned from their recent trip to Las Vegas. They cover everything from playing the odds to knowing how to get free and discounted incentives. If you’re planning a trip or vacation in the future this show is a must listen. Check below the show notes for a list of links to topics from this podcast like celebrity gamblers and the wizard of odds.
Nov 15, 2013
Code Red
55:44
This week Brian summarizes the 2011 and 2012 Letter to Shareholders from Berkshire Hathaway. He notes that consistency is key when investing, especially during times of uncertainty. We also give you a rundown of the article: 10 ways to wipe out your retirement savings, by Dana Anspack, a fee-only advisor out of Arizona. Dana does a great job on each of her ten points, we feel like this is a must read for everyone.
Nov 01, 2013
What Financial Pros Aren’t Telling You
39:19
financial-professional
This week we analyze the Truths Financial Pro’s Won’t Tell article from the October issue of Consumer Reports and share our thoughts and perspectives with you about working with financial advisors. We also cover the humble story of NFL running back Alfred Morris and his first car.
Oct 18, 2013
Car Buying Tips and Tricks
32:35
This week we break down the car buying process to give you some helpful tips when purchasing or leasing a car. Over the years we have developed a system for helping clients buy cars we're giving you a behind the scenes peak at the Money-Guy's best practices for car purchases.
Oct 04, 2013
Money-Guy Mashup
41:57
Everyone is in for a treat this week as we explore the way music relates to your finances. Brian dug through his iPod and iTunes to find a list of songs that solidify the advice we give on a daily basis. Another added bonus: The show notes this week are from Brian’s desk.
Sep 20, 2013
Addicted to Saving
38:15
This week we look at the importance of saving early as well as evaluating your 401k and the investments inside it. Brian and Bo examine two articles: An Open Letter to Everyone Under 30, from The Motley Fool and How to Grow Your Savings, from Consumer Reports.
Sep 06, 2013
Estate Planning 101
41:55
Brian and Bo take a detailed look at estate planning that will be helpful no matter what stage you are in financially. This topic affects everyone differently and the guys are here to give you some insight. From the basics to complex strategies, the Money-Guy covers the realm of estate planning in this show!
Aug 23, 2013
One Stop Loan Shop
44:02
Brian and Bo evaluate an alternative way to borrow and lend money in this week’s show. They get into the nitty gritty of peer to peer lending, as well as, the real estate research website Zillow. Brian shares his personal experiences with peer to peer lending using the Lending Club website.
Aug 09, 2013
Yield! Watch for Dividends
34:51
Brian and Bo tackle the challenge of explaining how yield can affect the overall performance of a portfolio. They share historical numbers and some great quotes that reference the importance of making solid investments that keep dividend yield in mind.
Jul 26, 2013
When Investing Right Goes Oh So Wrong
39:16
With the recent news and market movements, Brian and Bo share with you their views about investing. They look into asset classes from Fixed Income to Emerging Markets, sharing a lot of great advice about allocating your portfolio going forward.
Jul 12, 2013
The 30ish Minute Financial Plan
52:04
This week on The Money-Guy show, Brian and Bo run through a list of items that will help keep you on track throughout your financial marathon. They hit topics from estate planning to negotiating service rates. This is a great show to help establish future plans and to create a checklist to ensure you reach your financial goals.
Jun 28, 2013
Marriage…An Education
39:42
Brian and Bo jump into the deep end of Bo’s first year of marriage and how his financial life has changed. Bo sees how far off his predictions were a year ago when he got married. Largest monthly expense: miscellaneous. What is there to cut back on when looking at your miscellaneous category? Everything is miscellaneous! Bo said, on average, he exceeded his miscellaneous budget by 110% per month (even with monthly adjustments)!
Jun 14, 2013
Love and Marriage… and Finances (Rewind)
53:56
We intro with today’s show as a preface to our next show, which will recap Bo’s first year of marriage. From there Brian and Bo replay last year’s show that happened two weeks before Bo and Jenna’s wedding. Make sure not to miss our next show which will go into more depth of Bo’s initial year in marriage, while also hitting on the way that money can impact your marriage. After next week’s show we transition away from the topic of marriage and back to our Money-Guy array of topics.
May 31, 2013
The Risk of Not Taking Risks
32:24
Today, Brian and Bo tackle the risk that you take by sitting on the investment sidelines. They have been fielding a number of questions over the past few months covering this very topic. The moral of this episode is to get started doing something sooner rather than later so that you do not miss out on what the market has to offer.
May 17, 2013
10,000 Hours
49:39
Today’s show is more of a “life” podcast, giving you the motivation to move ahead and the challenge to believe in yourself. While on vacation last week, Brian read two very interesting books. Outliers by Malcolm Gladwell and How To Be Like Walt by Pat Williams. These books help us to dream big and believe that you can accomplish those dreams. An individual with passion and the right opportunities can truly change the world.
May 03, 2013
Building Your Dollar Army
36:28
We are always happy to receive emails from our listeners, and, on this show, Brian shares two different emails, one from someone beginning their financial journey and one from someone who is far enough along in his journey to see the fruits of his labor. The lesson from these listeners is simple: don’t let another day go by without saving for your future. Why are you waiting? Every day that goes by makes it harder to reach your goals. Start today to save and make it a part of your life that is automatic. Every dollar that you put away will help you build an army of soldiers that will work for you in the future.
Apr 19, 2013
Investing Truths and How to Avoid the Noise
40:19
Downturns over the last 5 years have provided an incredible opportunity to learn core principles about investing. During crisis times, there is a lot of rich material about learning to become a good investor. 2008 was a monumentally historic year for the stock market, but not in a good way. If we could bottle up the feeling we had during the crisis, it would be truly priceless.
Apr 05, 2013
The A B C’s of Mutual Funds
36:49
When investing in mutual funds, you normally choose between Class A, Class B or Class C. The main difference in these options is the fees that you will be charged and how they are charged. A good way to understand how these fees work is to look at the funds one by one and determine which plan is best for you financially.
Mar 22, 2013
Money-Guy Misses
52:38
Almost everyone has a story about a financial mistake that they made at some point in their lives. These mistakes are some of our best learning moments, and they teach us a lot about how to make good choices in the future. We hope that by sharing our past mistakes with you, we can help you avoid these same mistakes.
Mar 08, 2013
Secrets for a Dream Retirement
41:29
The basic key to a good retirement is to save money and earn a decent payback on your investments. However, there are other keys to working this plan, and they involve all stages of life from the early years into your retirement. Earning money and investing it wisely is not the only thing to consider. According to an article from CNN Money, there are 6 important secrets to having your dream retirement.
Feb 22, 2013
Life Insurance 101
32:51
Although life insurance may be a morbid discussion, it can be a very important piece of your financial plan. Rates can be very affordable, even for people in their 40’s and 50’s. We believe that it is important to educate yourself by doing your homework and getting a good understanding of what you are buying. Remember that your family is dependent on your income, and it will make such a difference in the lives of those you may leave behind.
Feb 08, 2013
The Web Vs. Your Financial Advisor
49:09
The look and feel of the personal financial planner is changing. No longer is an office surrounded by mahogany and crown moldings the only choice. Some of today’s financial planners are much more laid back and casual, but maintain the same level of expertise and financial knowledge. The internet offers many choices for a planner as well, and it’s up to you to decide based on your needs and goals what will work best for you.
Jan 25, 2013
The Money-Guy Answers Your Email
33:14
As a lead-off show for 2013, we decided to answer some email questions from our listeners. We love receiving your email questions and always enjoy when we get to share them on the show.
Jan 11, 2013
Money Truths and Financial Life Lessons from the Money Guys
56:49
Now that Christmas is over, remember that it is not about the gift itself but about the thought that went into it. With our New Year's resolutions right around the corner, we decided to share some Money-Guy insights with our listeners. Sometimes age changes how we look at life and financial planning. It’s so important to enjoy the smaller things in life. Here are some keys we feel are important to remember.
Dec 28, 2012
Is There a Perfect Income for Happiness?
36:35
The Christmas season is quickly approaching, and, in our office, the Michael Buble holiday Pandora channel has been playing nonstop (we are using the wireless speaker purchased on Black Friday) to help us get ready for the holidays...
Dec 14, 2012
End of Year Tax Planning
28:29
Hopefully everyone had a great Thanksgiving. We certainly did and, as expected, ate way more that we should have! With the end of the year quickly approaching, we thought we would share some planning strategies you may want to begin thinking about as we close down 2012. From investment planning to tax planning, the end of the year is always a great time to put the ‘finishing touches’ on making sure your financial house is in order.
Nov 30, 2012
Now That the Election is Over…
40:47
Now that the Presidential election of 2012 is behind us, what will the future hold? Democrats and Republicans are currently deeply divided. With the victory for the President, our hopes are that he will use his re-election to help the country heal and find compromise.
Nov 09, 2012
Best 529 College Savings Plans
34:55
For many parents out there, one of the biggest concerns is providing their children with a college education. We have done shows in the past about the benefits of 529 savings plans and, in today's show, we revisit this topic and update you guys on the best plans of 2012.
Oct 26, 2012
Best Brokers and Retirement Rules of Thumb
22:37
It is a great thing in life when you do good work for people, and good things turn around and happen to you. We started this podcast because we have a passion to share free advice for the "do-it-yourselfers" out there who need straight-forward, honest advice. In turn, we have not only transformed many of those listeners into clients, but we have also been fortunate enough to connect with others in the podcast and blogging community. In today's show, we share some of the thoughts and research from members of the blogging world who we truly value having a supportive relationship with.
Oct 12, 2012
Addicted to Saving
32:03
America is a country that is addicted to addiction. From Oprah to Dr. Phil, everywhere we turn there is fascination with the negativity surrounding alcoholism, overeating, overspending, etc. What you don’t hear a lot about are addictions that can have a positive impact on your life. In today’s show, we focus on a positive addiction to get you excited about being addicted to saving!
Sep 28, 2012
Bringin’ Simple Back…Again!
44:19
That’s right. We’re bringin’ simple back...again! Our 2009 show, Bringin' Simple Back, was one of our most popular shows to date, so today we are re-releasing this show to remind our listeners to keep it simple. Lately we have been reminded that, regardless of complicated economic situations, simple is often better. Though it has been over three years since we recorded this podcast, it is incredible to see that with all of the changes in the economy since 2009, the information in this show is still very relevant.
Sep 13, 2012
Setting Yourself Up For Success
44:10
Truly successful people are those who consistently do well in many different areas of life. There are actually patterns that successful people follow in order to reach their goals. In today's show, we share some traits and skills of highly effective people as well as some Money-Guy tips to apply all of this to your financial lives.
Aug 31, 2012
Back to Basics: The Power of Patience
40:11
We have all heard that patience is a virtue. But did you know that you can actually get paid for being patient? In today's show, we share some data that reveals just what a plan and a little patience can do for your portfolio returns.
Aug 20, 2012
A Gross Misconception
37:22
Bill Gross is someone we respect greatly and we have been following his career for years. He co-founded Pacific Investment Management and runs the world's largest bond mutual fund, PIMCO Total Return. He recently released an Investment Outlook piece, titled Cult Figures, and we wanted to share our opinion on his thoughts in today's show.
Aug 03, 2012
2nd Quarter Wrap-Up
40:26
The year is halfway over and it's time for us to share our reflections of the year so far and what we are looking at going forward. At the end of each quarter, we send quarterly reports to our clients accompanied by our commentary on the financial world. Check out today's show for some highlights from this quarter's commentary that we wanted to share with our Money-Guy family.
Jul 20, 2012
Mortgage Rates, Refinancing, and Everything Real Estate
38:11
With mortgage rates at record lows, a trending topic is refinancing and strategies for paying (or not paying) off your mortgage. In today’s show, we highlight some of the pros and cons of the various options for homeowners.
Jul 06, 2012
Tipping Tips
50:24
Tipping someone for the service they are providing is meant to be a token of appreciation for a job well done. However, every time you turn around, there are tip jars making it very confusing as to when you should tip and how much. Listen to today's show for our insights and experiences as someone handing out the tips as well as the perspective of one who has worked to increase their tips in the service industry.
Jun 22, 2012
Timeless Tips and Tax Advice
52:25
Many investors are looking for a hot, flavor-of-the-week investment tactic to bring them success. With a long-term outlook, though, it is important to develop a sensible investing strategy that will withstand the test of time. In today's show, we cover some timeless retirement planning and business tips to help you reach your goals.
Jun 07, 2012
Protecting Your Identity
32:13
The number of identity theft cases continues to The June 2012 Consumer Reports Magazine focused on tips and products to help you protect your privacy.  They reported that 16 million households have been victims of identity theft over the past year (up almost 50%).  Census bureau data for the same year shows that there were […]
May 24, 2012
Facebook IPO Friend Request…Should You Accept?
36:21
The trending topic in the investment world is the fact that Facebook is going public. With the IPO date quickly approaching, we focus today's show on the ins and outs of initial public offerings and what happens when companies don't live up to the hype.
May 11, 2012
Love and Marriage…and Finances
49:16
As many of you know, Bo is getting married in less than two months, so his upcoming wedding has been a hot and heavy topic around our office. We feel that Bo is a little naive about marriage and financial expectations, so picking on him has provided a lot of entertainment for the rest of us lately. In today's show, we thought we would let you guys in on the fun and talk about the biggest financial mistakes couples make as well as some of the financial benefits that come along with marriage.
Apr 27, 2012
Above-Average Shopping and Investing
28:32
The average shopper may blindly pay retail price for their goods. The average investor may make rookie investment choices that cost them dearly. But Money-Guy listeners are anything but average when it comes to financial matters. In today's show, we talk about the rewards involved with being an above-average shopper and investor.
Apr 13, 2012
How to Win Life’s Lottery
41:48
It seems that lottery fever is sweeping the nation, so today we give our thoughts on how you can still be a winner of life's lottery without hitting the jackpot.
Mar 30, 2012
Keys to Success
40:01
In running a wealth management practice, we have the privilege to work with individuals who have experienced a large amount of success in life. Based on our own success, as well as that of our clients, we have some personal insight into what it takes to set and accomplish your goals.
Mar 16, 2012
Berkshire Letter to Shareholders
36:42
It's Warren Buffett Time! For a lot of us self-proclaimed nerds out there, the release of Warren Buffett’s annual letter to the shareholders of Berkshire Hathaway marks an exciting time. In today's show, we share some of the highlights that we took away from this year’s message.
Mar 02, 2012
Tax Season 2012
29:04
It's that time of year again! Tax season is upon us, and in today's show we focus on some tips to make your 2012 tax preparation as seamless as possible.
Feb 17, 2012
Preparing For the Unknown
37:13
As is so often the case, this show was inspired by actual life events taking place. Unfortunately, this week's episode is not light and jovial as many of our shows are. In today's episode, Bo shares the unfortunate and tragic loss that he and his family have recently endured. Our hope is that, through Bo's willingness to open up his personal life, today's show may serve as the needed push to begin the process of making sure you and your family are prepared and protected from unknown and unexpected life events.
Feb 03, 2012
Asset Location
36:30
In past shows, we have often covered the topic of proper asset allocation when investing, but today's podcast focuses on the importance of asset location. This means focusing not only on diversification across asset classes in your portfolio, but also tax diversification within all account types.
Jan 20, 2012
2012: A Brand New Year
45:56
Happy New Year from the Money-Guy team! It is great to be back after our holiday break, and we are very excited to share our thoughts on the economic outlook for 2012 in today's show.
Jan 06, 2012
Block the Noise and Start Winning
36:42
The Christmas spirit has taken over and we have been excited all week here at the Money-Guy Show. In 2011, it has been tempting to get caught up in negativity between the pessimism in Washington and devastating stories on the nightly news. However, in today's show, we offer some tips for blocking out the noise and steering your life in a positive direction for the New Year.
Dec 16, 2011
Portfolio Perseverance
43:38
With market fluctuations and continuous financial volatility, many are tempted to give up on investing altogether. The anxiety and fear that come along with an uncertain economy may seem overwhelming, but today’s show gives you the tips you need to persevere with your long-term investing plan.
Dec 02, 2011
Black Friday 2011
37:20
It's that time of year again...Black Friday is just around the corner, and the Money-Guy is here to make sure you have everything you need to get the best deals this holiday season.
Nov 11, 2011
Knowing When to Go Pro
37:13
Hiring a professional financial planner could possibly be the key that unlocks the door to your financial success. At the same time, choosing the right advisor to work with is an important decision that can often seem overwhelming. In today's show, we discuss the services that planners will and will not provide as well as key things to look for when hiring a pro.
Oct 28, 2011
The Money-Guy’s Take on 9-9-9
37:56
Everyone’s gearing up for Election 2012 and recently, there has been a lot of talk and debate about Herman Cain’s 9-9-9 plan. In today’s show, we evaluate Cain’s plan and tell you what we like about it, what hesitations we have, and share some numbers we ran to test it.
Oct 14, 2011
Netflix, Millionaires, and Operation Twist
35:44
There have been a lot of things going on here lately at the Money-Guy Show, so today's podcast covers a variety of topics including Netflix, becoming a millionaire, and Operation Twist.
Sep 30, 2011
Mutual Fund Mastery
35:30
Mutual fund investing is one of the easiest ways to get into the market. But whether you are a seasoned investor or just starting out, there are some important things you should know when it comes to choosing the right mutual funds.
Sep 16, 2011
How to Identify Opportunities (And Make Your Own Luck)
38:15
Often times in life, we associate the successes of others with luck. If someone lands the perfect job, finds their soul mate, or wins the jackpot, we automatically think that luck is on their side. In the investment world, however, luck is not the only factor involved...
Sep 02, 2011
Utility Tips and Service Savings
30:07
Whenever we get into these times of economic turmoil, it is always a good idea to step back and look at the ways you can trim spending on a small scale.
Aug 19, 2011
The Money-Guy Getaway
38:42
In the midst of a crazy week in our economy, today’s podcast takes a step back from the doom and gloom and focuses on something we could all probably use right now…a getaway.
Aug 05, 2011
Millionaire Myth Follow-Up
44:08
It seems that we struck a chord with our last show, “Jet Owners, Ogres, and Other Millionaire Myths”. Because we received so much great feedback, today’s show is a follow-up to clarify some of our points and respond to the comments we received.
Jul 20, 2011
Jet Owners, Ogres, and Other Millionaire Myths
50:33
It is difficult, as you can imagine, to be a small business owner who feels like, at least lately, I am walking around with a target on my back...
Jul 08, 2011
Is Investing in Rental Property a Game Worth Playing?
52:53
I’ve told you guys before that this show is a truly organic process. The topics come from various sources of inspiration and this week, it happened to come from one of you. We recently received an email from a listener wanting to know more about my experience with the vacation rental property that I own.
Jun 24, 2011
If You Can’t Stand the Heat…Buy a Home Warranty?
44:34
Home warranties are most commonly associated with the acts of buying or selling a house. But often times, they make sense for those of us who are too busy (or simply not handy enough) to do our own repairs around the house. Today’s show is focused on some of the advantages of home warranties, as well as some things to look out for.
Jun 10, 2011
How Rewarding Are Your Rewards?
37:10
Wouldn’t it be nice if choosing a credit card were as simple as doing some research, making an informed decision, and never thinking about it again? Unfortunately, changing rates, terms, and rewards mean that you have to stay on your toes in the evolving credit card market if you want to make sure your rewards are actually rewarding your good behavior.
May 27, 2011
The Money-Guy 2011 Commencement Address
47:19
With graduation rapidly approaching for many college students, The Wall Street Journal just announced that the Class of 2011 will graduate with more debt than any class before! In today's show, we address common money mistakes that new alumni make and our guidance for new grads as well as anyone going through a major life change.
May 13, 2011
The Money-Guy Tax Plan: Part II
59:03
That’s right…our last show, “The Money-Guy Tax Plan”, sparked so many comments, we decided to do a follow-up…
Apr 29, 2011
The Money-Guy Tax Plan
44:12
You’ve heard solutions from the right. You’ve heard solutions from the left. You’ve even heard President Obama’s bipartisan debt panel solution. Today’s show introduces the “Money-Guy” solution to the tax code, and how I think we could make significant strides to fix the debt problem in this country and get back on track!
Apr 15, 2011
Tax Cheats and How to Stay Out of Trouble
39:52
“The income tax law is a lot of bunk. The government can’t collect legal taxes from illegal money.” These are the famous words and unsound tax advice of notorious gangster, Al Capone.
Apr 01, 2011
Asset Allocation: What to Think About
54:15
Today, we are going back to the basics and talking about the importance of asset allocation. This podcast is meant to remind our devoted listeners, and reveal to any new listeners, some of the fundamentals of financial planning and how to best handle your assets.
Mar 18, 2011
2010 Berkshire Letter to Shareholders
48:43
Today’s show is an exciting one for all of us self-proclaimed nerds. After anxiously awaiting the release of Warren Buffett’s annual message to the shareholders of Berkshire Hathaway, we share some of the highlights that we took away from this year’s letter. In addition to being a legendary investor, we also consider Mr. Buffett to be a respectable source for life experiences...
Mar 04, 2011
Cut, Click, or Charge… Guidance from Grocery Gurus
40:12
Let’s face it-groceries are a necessity for all of us, but more often than not, we’re left cringing at the checkout line over the impact on our wallets. In this week’s show, we dive head first into the world of smart shopping and coupon clipping in an effort to discover where you can really find the best deals.
Feb 18, 2011
Alphabet Soup and Disney
41:07
In this day and age, it is hard to navigate the financial landscape. It becomes even more difficult when the waters are muddied. Therefore, many individuals seek the advice and counsel of professionals. What happens, though, when those waters are muddied as well? How do you separate the wheat from the chaff?
Feb 02, 2011
I May Not Always be Right…
36:33
...but I'm never wrong! Or at least that is how the old adage goes. This may not be the exact mantra of modern day economic "prophets", but it isn't too far off. It seems like (and the study we share proves) a forecaster only has to get one big prediction right and then their word is as good as gold.
Jan 21, 2011
Never Run Out of Money…
01:01:30
Boy does it feel good to be back! The holidays always seem to throw off our schedule just a bit but, with the New Year, comes a re-vamp for the Money-Guy and getting back on schedule. Today's show is a great one. There was a fantastic article in Consumer Reports' Money Adviser titled "15 ways to never run out of money"...
Jan 07, 2011
Certainly Uncertain
39:23
As is usually the case, the holiday season has caused our bi-weekly schedule to be slightly off. You could probably even say that the frequency at which we get these podcasts published during the holidays is somewhat "uncertain" (you will see how clever this statement is as you read on... : -)
Dec 13, 2010
Black Friday!!!
34:05
That's right! It's that time of year again. I think the name probably says it all... Black Friday is upon us. This is one of my absolute favorite days of the year because I love the challenge of seeing just how far I can stretch my dollars!
Nov 12, 2010
HRA, HSA, and a Little History of Insurance
59:24
Today's show is very timely considering how much health insurance has been in the news lately. It is a topic that affects every man, woman, and child in this country and is not always a straight-forward and easy thing to understand.
Oct 29, 2010
Back to Basics and Email Responses
55:54
Today's show is a bit of a reset. Every now and then, it is good to get back to Money 101. For me, "Money 101" takes me back to a high school Economics teacher who very possibly changed the course of my entire life...
Oct 18, 2010
College Savings ‘Making the Grade’
30:32
Today's show is a follow-up to a show we did back in February 2009 titled "529 College Savings and 'The 2009 Stimulus'". Now that we have had a decent run up in the financial markets, we have the ability to look back in time and see how well those "best" and "worst" plans have done.
Oct 04, 2010
“American Exceptionalism”: Voices From the Past
56:09
It is absolutely amazing the things we can learn from history. Even more amazing is how, very ofter, history appears to repeat itself. No, not in the deja-vu type fashion; but more of a, "Hmm, I think I've been here before". Today's show comes from the minds of two great thinkers and theorists, Milton Friedman and Adam Smith.
Sep 20, 2010
Creative Ways to Save a Few Bucks
37:51
Today's show is kind of unique. Due to all of your positive feedback, I decided to sit back and let Bo take the lead. I asked him to come up with a topic that he felt was timely and even related to his life. The topic he landed on (which is no surprise if you the know the guy), was Creative Ways to Save a Few Bucks.
Sep 03, 2010
My Life: A Case Study
43:15
You have probably noticed that we are slightly off of our 2-week routine of getting you guys a new show this week. The reason is, well, because sometimes life just happens. So, over the last two weeks, life has been happening and it had me temporarily out of whack.
Aug 24, 2010
Prevent Your Car Accident from Becoming a Wreck
40:30
An unfortunate truth is that all of us, most likely, at some point in our lives will have to deal with being in a car accident. Of course the safety and well-being of all those involved is the most important thing. Assuming, however, there are no irreplaceable losses or injuries, the next thing most of our minds go to are 1) costs and 2) dealing with the insurance companies.
Aug 06, 2010
Taxes, They Are A-Changin’
42:52
To say that 2010 and 2011 are going to be 'unique' tax years would be quite an understatement. With all of the changes, or potential changes, heading our way, I thought it would timely to discuss what some of these changes are and how they may potentially affect you and your family.
Jul 23, 2010
Start Early and Stay Ahead
30:33
We have received a number of emails lately asking what steps can young people take to start getting their financial houses in order from the very beginning. In today's show, Bo addresses what decisions can be made early on to begin on the right track to financial independence.
Jul 09, 2010
How Well Do You Know Indexed Annuities?
38:33
What if I told you there was an investment where you had a guaranteed rate of return when the stock market was doing poorly, but then you could make even more when the stock market goes up? Sound too good to be true? Well, it just may be...
Jun 24, 2010
Why Volatility Can be Your Friend
19:56
While it comes as no surprise that it is a little harder to sleep at night when the stock market is bouncing all over the place, is there actually a way you can harness these big swings to benefit your portfolio and still get a decent night's sleep?
Jun 11, 2010
In Case of Emergency… Listen to This!
46:26
So we head to Chicago for a conference and the market decides to misbehave! The Euro-Zone deteriorates, there is an oil spill that can't be stopped, and the Korea's are fighting. Sure sounds like an emergency to me... But wait, is there hope? My answer is yes...
May 28, 2010
“Those Who Spend Too Much Will Eventually Be Owned by Those Who Are Thrifty”
51:42
Today's show is about debt, plain and simple. It builds off of two shows we did last year titled "Legacy of A Generation...Not the Millionaire Next Door" and "Bringin' Simple Back". Our hope is to bring attention to the destructive nature that debt can have and potentially come up with solutions before we...
May 14, 2010
Don’t Let Buying a Car Drive You Crazy
47:54
All of us at some point in our lives have bought, or are planning on buying, an automobile. For many, however, this is not a very pleasant experience. This comes as no surprise when, according to Forbes, "Of the top 10 industries that received the most consumer complaints last year, three were auto related".
May 03, 2010
Cheapskates, Tightwads, and Penny Pinchers
30:57
Today's show is a fun one! With it being the day after tax day, we thought we would do a very light-hearted and entertaining show. Don't worry, though, our next episode is back to the "meat". Our topic today is based off of an article in this month's Readers Digest titled "The Cheapest People in America".
Apr 16, 2010
Time For Your Check-Up…
42:17
With all of the media coverage concerning the new health care legislation, it would be easy to focus on the ins and outs of the new bill. However, we thought we would go a different route and talk about your financial health. Just like you keep track of your blood pressure, weight, what you eat, and how much you exercise; you should also keep track of how well your finances are doing.
Mar 26, 2010
Selecting Tax Efficient Investments
49:24
Today's show was spurred by two things: 1) it's tax time and, therefore, thinking about taxes and tax planning is fresh on most people's minds, and 2) a letter we received from one of our Premium Subscribers. In the letter, he stated he would like to hear a show on the tax efficiency of mutual funds and how you select a fund that is tax efficient. So, we set out to answer his questions...
Mar 10, 2010
Clear the Clutter
39:40
Today's show is on an issue that we all face, yet not many people know how to handle. It's happened to every one of us. You start a folder to house all of your "important documents", then maybe your folder turns into a binder, the binder turns into a drawer, the drawer becomes a filing cabinet, and next thing you know, you're up to your ears in "important documents".
Feb 26, 2010
Understanding Unemployment
44:45
Today's show isn't exactly one of those that gives you a warm and fuzzy feeling inside. The topic is, however, one of those that is a necessary evil and is a very real issue that needs to be addressed. The unemployment rate is, and has been, one of those statistics that the mainstream media has inundated us with.
Feb 12, 2010
Roth Conversion: In-Depth Analysis
54:20
Well here it is; we finally did it. You have been writing, calling, and asking for us to explain and go through the nuts and bolts of the Roth conversion and why 2010 is such an important year. You can't really turn on any financial media or read any financial literature and not come across something that at least mentions or alludes to the this planning opportunity.
Jan 28, 2010
Happy New Year and A Happy Retirement
44:59
Well, I've missed you guys. We took a few weeks off for the holidays, and I can only hope that absence has made the heart grow fonder. I thought a great way to start out this new year of financial topics was to touch on an area that I think a lot of people are probably thinking about right now.
Jan 12, 2010
Year-End Clean Up
36:21
As we wind down 2009, what sort of things should you be thinking about? Well, in my life, it seems like every December there are a million things going on both on the personal side and on the business side. In today's show, I want to focus on two things that I bet you and your family are thinking about, and if you're not thinking about them, maybe now is a good time to start.
Dec 04, 2009
TGI BLACK FRIDAY!!
30:04
Some people love Christmas or Thanksgiving or maybe New Year's or Valentine's day, but, while I do enjoy these holidays very much, there is one day each year that holds special significance for me. You probably guessed it... that day is Black Friday. [What do you expect? I'm the 'Money-Guy' :) ]
Nov 20, 2009
Health Insurance Making You Sick?
35:10
If you pay attention to any piece of news, you no doubt have heard SOMETHING about health insurance over the last few months. Coincidentally, in the midst of potential health care reform, it is open enrollment for many individuals covered under employer sponsored health plans.
Nov 06, 2009
The Tortoise, or the Hare?
32:09
Today's show is on a topic that I feel is very easy to understand, but, for some reason, very often overlooked. While overlooking this seemingly small concept may not seem like a huge deal, the impact it can have on your investment portfolio as well as your ability to reach your long term goals in monumental!
Oct 28, 2009
Inflation Concerns…?
40:53
If you watch any piece of news, read any bit of financial commentary (which you probably do since you listen to this show), or have any sense of how financial markets work, then inflation has no doubt been a thought on your mind. If you go a little deeper, then you've probably come across many conflicting view points of inflation. Is inflation good? Is it bad?
Oct 16, 2009
Credit Card Review
34:48
There was a great article in my November edition of Consumer Reports. The title of the article was Take Control of Your Credit Cards: How to Fight Back Against Higher Rates, Fees, and Abusive Practices. It is no secret that credit card companies are not the public's favorite "service provider", especially over the past 6 to 12 months...
Oct 07, 2009
Life Changing Events and The Fair Tax
44:49
So it has been about two weeks since our last show and, if you have listened to the most recent shows, you know that the reason for this temporary absence is because my wife and I have recently added a new member to the Preston family.
Sep 23, 2009
I.O.U.S.A. One Nation. Under Stress. In Debt.
42:41
Every so often we stumble across something so moving and so compelling that we feel we MUST share it with those around us. Well that is exactly what has happened to me over the past week. In today’s show I want to share a documentary done by the Peter G. Peterson Foundation titled “I.O.U.S.A”.
Sep 04, 2009
An Heir-Tight IRA
31:13
Today's show is one of those nitty-gritty topics that may not always be the most fun or most exciting, but it is definitely one of the most important. Today I wanted share the significance of making sure that your beneficiary designations are up-to-date and still reflect your posthumous wishes.
Aug 28, 2009
Bing Double Cash Back
19:09
Bo and I will be traveling to South Carolina for a conference this week, but I didn't want you to be without sound financial information for two whole weeks. This, combined with how excited I get about FREE money, made this week's show topic a no-brainer.
Aug 19, 2009
When The Going Gets Tough…
23:19
So here we find ourselves. I won't go so far as to say that things feel good, but at least it doesn't appear as though the sky is falling any longer. Will we remain at this "comfortable" level? I'm not sure and I don't think that anyone knows for sure. What I do believe, however, is that we have made it through the worst of it.
Aug 12, 2009
Free Fixes and ‘Cash For Clunkers’
31:35
Today is a prime example of how quickly things change in our current economic environment! We recorded this show on Thursday afternoon, 07/30, and planned on releasing it Friday morning, 07/31. To our amazement, when we came into the office on Friday, one of the very topics we did the show on no more than 24 hours before was no longer in existence.
Aug 03, 2009
“Dead Ideas” Living On
0
How would you feel about outperforming the stock market by 15% - 20%? Holy smokes! That sounds pretty great doesn’t it? That’s the kind of thing you get to brag about at office Christmas parties! What if, however, outperforming the markets by 15% - 20% meant you were only down 17% to 22% as opposed to losing 37%?
Jul 24, 2009
The Elite Savvy Consumer
I want you to consider this week's show 'Basic Training'... boot camp, if you will. The reason for this is because smart consumers, nay elite consumers, can make their money go about 5% - 15% farther than the general population.
Jul 17, 2009
Bail Outs = Bad News
There is only so long an individual can let something bother them before they have to bring attention to it. I tell you over and over that I really do try to stay away from religion and political talk as best as I can. Enough 'things' have happened with government and in the political arena over the last year and especially the last few months, that it does have, and is going to have, a huge impact...
Jul 09, 2009
Why a Roth 401k May be Your Best Bet
38:21

If you have been listening to this show for any length of time at all, you have no doubt heard me sing praise of the Roth IRA. The Roth IRA is an amazing planning tool for those individuals who qualify. Not only do you get tax deferred savings for retirement, but all of those earnings actually become tax FREE if certain requirements are met!

For more, visit the show notes at http://www.moneyguy.com/2009/06/why-a-roth-401k-may-be-your-best-bet 

Jun 25, 2009
Legacy of A Generation… Not the Millionaire Next Door
32:49

Sometimes individuals have those moments where they wake up in the middle of the night, and it hits them! It's that thought, or idea, or realization that is so thought-provoking and so revolutionary that they can't shake it. This is what happened to me a few nights ago!

For more information, see the show notes at http://www.moneyguy.com/2009/06/legacy-of-a-generartion-not-the-millionaire-next-door 

Jun 12, 2009
Bear Bargains, Broker Battles, and Searching for Yields
39:39

This week’s show comes from two of my most favorite newsletters, Consumer Reports’ Money Adviser and Kiplinger’s Retirement Report. These publications are great and I thoroughly enjoy reading them each month. The three topics are some of the best bargains that have happened as a result of the recession plus some buying tips, the increase in litigation against brokers and money managers and why the process might not be as easy and straight forward as you think, and then remind you that part of reaching financial independence is optimization.

Show notes at http://www.moneyguy.com/2009/06/bear-bargains-broker-battles-and-searching-for-yields 

Jun 03, 2009
Social Security, Charity Fraud, and Credit Card Deadbeats
40:36

It’s been a good week around here. We’ve been pretty busy with client and prospect meetings, but things are starting to calm down and get back to normal. I’ve received many interesting emails and articles over the past week, and I feel like some of them are definitively worth sharing with you.

Complete show notes are at http://www.moneyguy.com/2009/05/social-security-charity-fraud-and-credit-card-deadbeats 

May 22, 2009
DCA: Maybe the Most Important Investment Decision You Will Ever Make
31:17

So once again this week's show topic was inspired by real life events. You would have to be living under a rock to not notice the gains we have been experiencing in the stock market over the past few weeks. But is it real?

Complete show notes and more information can be found in our show notes at http://www.moneyguy.com/2009/05/dca-maybe-the-most-important-investment-decision-you-will-ever-make 

May 13, 2009
Is Now the Time to be Taking Risks?
49:54

Even though the economy has shown some signs of life over the last month and a half, I feel it is safe to say we are still in or around the low-point of the economic cycle, the trough if you will. Many individuals are feeling that because things have gotten so bad, now may be a good time to 'start over'. This starting over can mean many different things for many different people.

Check out the extensive show notes at http://www.moneyguy.com/2009/04/is-now-the-time-to-be-taking-risks 

Apr 29, 2009
How to Build Your Credit
30:22

As many of you are aware, I have been harping on how low mortgage rates have been over the past few months and how much of an opportunity we all have to lock in a long-term low interest rate right now.

So let us assume you have decided to heed my advice, gotten all of your ducks in a row, and have gone to the bank or mortgage lender to negotiate a refinance. BAM! They offer you a refinance somewhere between 5.5% and 6.5%. But, but, but....

Brian, I thought you said mortgage rates were around 4.5% to 5%?

For more of this story, go to http://www.moneyguy.com/2009/04/how-to-build-your-credit-score 

Apr 20, 2009
Mutual Fund Screeners
30:03

So here you are. You have been listening to the show for a while. You understand efficient markets. You understand asset allocation. You even understand equity-risk premium and risk/reward trade-off. Now, how do you implement? This is a problem I see all too often. Many individuals possess the knowledge and understanding of the financial marketplace, but have no idea how to put it into practice. So what is next step in developing a portfolio to assist you in reaching your long-term goals? Selecting the assets to use.

More information at http://www.moneyguy.com/2009/04/mutual-fund-screeners 

Apr 04, 2009
Stewart vs. Cramer and Real Estate Update
22:59
You couldn't turn to a major network or listen to a major broadcast in the past week without hearing about the ongoing feud between the Daily Show's Jon Stewart and Mad Money's Jim Cramer. Due to all of the media attention, and considering that there were some very good points made, I felt like I would use this opportunity to share some of my opinions and insights on the matter. If you haven't had a chance to watch the interview in full yet, please do.
Mar 19, 2009
Buyer Protection, Listener Emails, and Economic Research
46:59
In trying times, it isn't enough to just be an intelligent investor. To truly get your financial house in order, you must also be a good consumer. It is so important today to make sure you can stretch your dollars as far as possible. This doesn't just mean seeking out great deals, but it also means protecting your purchases. In the show today, I share a story that has recently happened with my associate Bo and his encounter with an Ebay purchase, as well as my father-in-law's flat-screen woes.
Mar 05, 2009
529 College Savings and ‘The 2009 Stimulus’
55:38
Today’s show is brimming with information. In the first half of the show, I share a research study done by Consumer Reports in their Consumer Reports Money Adviser. In the report, they compare some of the best and the worst 529 college savings plans around the nation. I then go on to discuss the 2009 […]
Feb 20, 2009
Money Guy Q and A… Year of the ‘Re’ Take 2
01:09:43

Today’s show is a hodge-podge of information. You guys have been instrumental in providing me with great feedback as well as some very good questions, so today I felt the need to let you all know that I am reading your emails and I do appreciate your input. As you listen, I will share some […]

Full show notes at http://www.moneyguy.com/2009/02/money-guy-q-a 

Feb 05, 2009
Bringin’ Simple Back
38:59

That’s right. We’re bringin’ simple back. 2008 provided us with a wonderful opportunity to step back and ask, ‘what in the world are we doing?’ If you were an adult and had a pulse over the last decade, it would have been impossible to not notice all the complexity in the financial markets.

I’m not just talking about the stock market. I am alluding to every aspect of your financial life. So often individuals feel like to make money or be successful, it has to be a very intricate and complicated process and only the super intelligent can achieve it.

We were all tempted to invest in things we didn’t understand, buy products we couldn’t comprehend, and implement strategies that made our heads spin. 

In today’s show I walk through a few areas where simple is not a bad thing.

For more, visit the show notes on our site at http://www.moneyguy.com/2009/01/bringin-simple-back 

Jan 23, 2009
Year of the ‘Re’ – Refinance and Rebalance
35:12

Well, so far the beginning of 2009 has felt quite similar to the last part of 2008. That, however, does not mean that there aren’t opportunities out there for us to take advantage of. Two common questions I’ve been getting from you are ‘should i still do this whole re-balancing thing?’ and ‘what do I […]
Read more at http://www.moneyguy.com/2009/01/year-of-the-re-refinance-and-rebalance 

Jan 16, 2009
Protecting Yourself From Fraud
44:48

As if the financial markets weren’t scary enough in 2008, here comes the story of a snake who decided to take advantage of people and subsequently make millions and millions of dollars doing it. Bernard Madoff, ole’ Uncle Bernie, created one of the largest Ponzi schemes ever. Basically, a Ponzi scheme is one in which […]

Read more at http://www.moneyguy.com/2009/01/protecting-yourself-from-fraud 

Jan 08, 2009
Closing Out 2008 with a Challenge and Books
38:23

A 2009 Challenge: 2008 is coming to a close and this is the time of the year where we start planning those Resolutions on how we are going to make 2009 better than 2008.  Below I have provided a few thoughts and links: If you are Unhappy… Make a Change If you are not happy […]


Read more at http://www.moneyguy.com/2008/12/lazy-investing-can-be-good-investing-update 

Dec 16, 2008
Unusual Times require Creative Solutions
32:17

Next week is Thanksgiving.  Thanksgiving is a great time to catch-up with friends and family, but I am worried that this year’s big point of discussion is going to be the economy and the stock market.  In this volatile time I wanted to provide you with some objective and analytical data that will help you […]

Read more at http://www.moneyguy.com/2008/11/unusual-times-require-creative-solutions 

Nov 21, 2008
little money = BIG DEALS!
22:50

With all of the doom and gloom in the financial markets right now, surely you are asking: why in the world would I be talking about spending money? Especially when shows over the past few weeks have been concerned with ways to save money! Even bad situations can have a good side.  In this economy […]


Read more at http://www.moneyguy.com/2008/11/how-to-spend-a-little-money 

Nov 14, 2008
Life Insurance 101
30:39

Life insurance is one of the most controversial and, in my opinion, convoluted personal finance topics today. Even once you get past the eternal debate of term vs. permanent life insurance, then you must move on to determining how much life insurance you need, what method do you use to calculate that amount, and who […]

Read more at http://www.moneyguy.com/2008/11/unusual-times-require-creative-solutions 

Nov 05, 2008
Time to Buy? Buffett vs Cramer
34:25

We have been riding this wave of volatility long enough that 7%-9% market swings do not have the same shock and awe impact they had a few weeks ago.  This acceptance of the wild swings has provided me with an opportunity to step away from the initial emotional feelings that came from this roller coaster…. […]


Read more at http://www.moneyguy.com/2008/10/time-to-buy-buffett-vs-cramer 

Oct 24, 2008
Thanksgiving is Around the Corner: Time to Harvest
48:14

Last show we talked about the silver lining of a financial crisis. This week I talk about the special opportunities that these down markets can offer. More specifically, if you did not catch it from the title of this post, I am talking about harvesting tax losses. More than likely, and probably by no fault […]

Read the rest at http://www.moneyguy.com/2008/10/thanksgiving-around-the-corner-time-to-harvest 

Oct 15, 2008
The Silver Lining of a Financial Crisis
29:26

What a week! Actually, what a past couple of weeks! Obviously, it wouldn’t be too hard to harp on all of the bad stuff going on right now. So, instead of doing that, I would like to focus on some of the silver lining and maybe some of the positive things that could come out […]

Read more at http://www.moneyguy.com/2008/10/the-silver-lining-of-a-financial-crisis/

Oct 01, 2008
News Nightmares & Bank Debacles
35:43

So this is the question of the hour: What is going on? Or maybe the better question is: What got us into this mess? The real answer is a perfect storm with many moving parts acting together to drag down the financial markets. The more simple answer, although not necessarily the entire cause, is leveraged […]

Read more at http://www.moneyguy.com/2008/09/news-nightmares-bank-debacles 

Sep 16, 2008
Cheese Grits, College Savings, Black Holes, and HELOCs
29:19

For most parents, saving for their child’s education is always a priority. With the volatility and uncertainty in today’s market, it has become a priority that is not so easy to fund. Most would agree that a hundred dollars here or a hundred dollars there, while not providing a full ride, would definitely help out. […]

Read more http://www.moneyguy.com/2008/09/cheese-grits-and-college-savings-black-holes-and-helocs 

Sep 09, 2008
Tax Smart and Creative Ways to Better the World
28:12

In tight economic times charities are often hit with increasing needs from the individuals who require their services. To make matters worse, generous donors are struggling with their own financial issues resulting in less donations to their favorite charities. In times like this both donors and charitable organizations have to adapt and become more creative […] 


Read more at http://www.moneyguy.com/2008/08/tax-smart-and-creative-ways-to-better-the-world 

Aug 27, 2008
Fairy-Tale Foreclosure, How a Planner Works, and Dark Knight Review
25:36

Today’s show is a grab-bag of goodies. If you keep up with pop-culture, you’ve probably come across the show Extreme Makeover Home Edition. If you’re not familiar with this show, they select a family in need and makeover their home. One family they selected actually lived about fifteen minutes away from me, so when I […]

Read more http://www.moneyguy.com/2008/08/fairy-tale-foreclosure-how-a-planner-works-and-dark-knight-review 

Aug 12, 2008
Brian Preston’s Guide to Selecting Mutual Funds
27:14

The mutual fund universe is larger than ever and there are no signs of it slowing down. With more funds, more information, and easier access to this information, how can you go about selecting solid funds that are going to assist you in achieving your life goals? With help from InvestorWords and BusinessDictionary, let’s begin […]

Get more information at http://www.moneyguy.com/2008/07/selecting-mutual-fund 

Jul 31, 2008
Liz Weston – Loaded Celebrity Interview
34:36

We have a special treat for you on this installment of the Money Guy Show! I usually don’t have guests on the show, but today we’re fortunate to be joined by Liz Weston. As many of you will attest, Liz is an award-winning, nationally syndicated personal finance columnist with a unique gift for simplifying complex […]

Read more at http://www.moneyguy.com/2008/07/liz-weston-loaded-celebrity-interview 

Jul 23, 2008
Protecting Yourself: Banking System Under Stress
23:04

Our banking system’s clearly under a lot of stress at the moment. Coming off a decade of aggressive mortgage lending, the system’s troubles have been compounded by a sputtering economy and retreating stock market.

As an investor, you need to be smart about insulating yourself from the system’s problems. While I don’t want to be alarmist, a little effort now on your part could pay significant dividends down the road. If nothing else, you’ll sleep better with the knowledge that you’ve assessed your exposure and taken appropriate action.

For more, visit the show notes on our site at http://www.moneyguy.com/2008/07/protecting-yourself-u-s-banking-system-under-stress 

Jul 20, 2008
Navigating Stormy Economic Waters
30:07
Pick your economic worry — there’s more than enough to go around: mortgage crisis? faltering U.S. economy? government deficits? skyrocketing oil prices? geo-political instability? rising inflation rates? As a financial planner, I see and feel the anxiety that my clients are experiencing. For most, the anxiety peaks each quarter with the arrival of their once-welcomed, […]
Jul 10, 2008
Are Tax-Deferred Savings a Ticking Time Bomb?
27:26
"If Thomas Jefferson thought taxation without representation was bad, he should see how it is with representation." – Anonymous Deferring taxes has always been a bedrock principle of retirement planning. The logic is simple: why would anyone pay the government now when tax-deferred accounts allow you to delay your obligation for 15, 25, and maybe […]
Jun 25, 2008
Father’s Day 2008: Teaching Children About Money
23:28
"Any man can be a father, but it takes a special person to be a Dad." – Anonymous Since we celebrated Father’s Day this past weekend, I thought it’d be fun to discuss how parents can help their children grow up to be financially responsible adults. Building on the ideas of Clark Howard, Dave Ramsey, […]
Jun 19, 2008
Rethinking Life’s Necessities, Wants, and Wishes
23:27
I think a lot about our culture and how the virtues of frugality and simplicity seem to have been forgotten by many of us. As never before, the popular media show us how ultra-wealthy athletes, entertainers, and business titans live, travel, eat, and dress. Combined with easy credit and a "want-it-now" mindset, we’ve started to […]
Jun 10, 2008
William Shakespeare on Trust and Financial Planners
15:34
Professional financial planning is built on a foundation of trust. You entrust not just your money but also your hopes and dreams with an adviser and planner like me. Above all, you want your planner acting with your best interests at heart. And yet, Shakespeare’s famous advice — "Love all, trust a few" — rings […]
May 30, 2008
Dave Ramsey: Financial Planning Guru … or Charlatan?
33:21
Love him or not, Dave Ramsey is a financial planning phenomenon. Consider his popularity: Ramsey’s syndicated radio program, The Dave Ramsey Show, is heard on over 325 radio stations throughout the United States and Canada. Besides being a radio personality, he’s written almost 15 books, three of which have been on the New York Times […]
May 20, 2008
12 Investment Mistakes Couples Make
23:37
Through my years as a financial planner, I’ve worked with a lot of couples and, unfortunately, seen many of the same money mistakes over and over again. Disappointing, yes … but also a sign that good advice for couples could help many families dodge these common investing pitfalls. In a recent article on Bankrate.com, Dana […]
May 13, 2008
The Price of Security – Immediate Annuities
36:16
Money-Guy 05-05-2008 With recent stock market ups and downs, immediate annuities are attracting attention from people looking to shelter themselves from volatility. But do they make financial sense? If so, for whom and when? (An immediate annuity, you might recall, is an investment product that’s purchased with a single payment and begins to pay out […]
May 06, 2008
Finding a ‘Fiduciary’ Planner in a Sea of Snakes
34:27
Being a financial planner myself, I loved an article that The New York Times featured over the weekend, "Pick a Planner Who Can Spell ‘Fiduciary’". For those who don’t know me, let me assure you that while I might not be a great grammarian, I definitely know, understand, and can spell the word ‘fiduciary‘! 😉 […]
Apr 29, 2008
Dateline and Equity-Indexed Annuities
22:53
Chris Hansen from Dateline NBC devoted an entire hour on April 13, 2008 to the topic of equity-indexed annuities and the unscrupulous tactics sometimes used to sell them to seniors. (Recognize Hansen’s name? He’s best known for his work on the Dateline NBC television segment To Catch a Predator. These controversial investigations revolved around catching […]
Apr 22, 2008
An Inconvenient Truth (About Cash)
22:55
If I told you about a popular investment product that was yielding 40% less than it did last year, you’d probably think it was one of the great financial meltdowns of 2008. But, what if I also told you that investors seemed indifferent to this product’s decreased yield and were actually accelerating their rate of […]
Apr 16, 2008
Recession and the First Quarter 2008 – Avoiding Advisers Who Push Risky Products
32:45
I’m short on notes today, but heavy on great information in the audio of the show. I first provide my detailed perspective on the performance of the market in the first quarter of 2008. I then talk at length about staying focused on why you invested in the financial markets in the first place. If […]
Apr 08, 2008
Prioritize Retirement Savings and Where to Invest Cash
15:18
We’re currently in the final weeks of tax preparation season. As many of you know, I do just enough tax return preparation every year to make me wonder why I do taxes! Joking aside, I believe I’m a better adviser for my clients if I know how the tax code works. Still, it gets a […]
Mar 31, 2008
Auto Accidents – Dealing with Insurance Companies
18:37
After you’ve been in an auto accident, you count your ten fingers and ten toes. Then, the stress sets in that you will have to deal with an insurance company. Don’t worry! In today’s show, I’m going to give you some tips to navigate through the process and protect yourself financially. Before we get into […]
Mar 24, 2008
Fear, Financial Markets, and Your Money
41:52
I’m a day late with this post because I spent most of yesterday fielding concerned phone calls and writing a market update letter for my clients. It’s during these volatile times that good advisers prove their worth to clients, and as you can imagine it’s also a stressful time. With that said, I know that […]
Mar 18, 2008
Buffett Time – 2007 Annual Shareholders Letter
37:06
If you’ve reviewed the Money Guy site recently, you’ve probably noticed that we added a fun "widget" which rotates through some of Warren Buffett’s wiser observations about money, business, and life. Most of those quotes come directly from his annual letter to the shareholders of Berkshire Hathaway. Every February, I eagerly await its release because […]
Mar 10, 2008
$200 a Month with a Few Phone Calls
17:12
Money-Guy 03-03-2008 In this week’s show, I help you find $200 a month by just calling your "Ungrateful Providers". Now this does not mean that your auto or homeowner’s insurance agent is not appreciative of your relationship. It means that the insurance and utility industry are set up to take advantage of laziness. I am […]
Mar 03, 2008
Creating a Retirement Withdrawal Plan
25:26
I talk about the need to save for retirement all the time on the Money Guy Show. However, I have not done a show discussing what you can expect from these savings once you hit the retirement phase of your life. Before all of my young readers and listeners tune out or click to close […]
Feb 25, 2008
Time and Money: It can be your best friend
30:02

I was asked to write a guest post for fivecentnickel.com that will be posted while nickel is on vacation. I decided to base my post on the timeless advice of Warren Buffett and some of his most notable quotes. As I was researching the post I could not help but notice a trend in Buffett’s quotes: growing money takes time and patience.

Read more at http://www.moneyguy.com/2008/02/time-and-money-it-can-be-your-best-friend 

Feb 18, 2008
Should You Prepay Your Mortgage and Mutual Fund Opportunities
24:16

Have you ever wondered if you should prepay your mortgage? In today's show I give you the information to make an informed decision based upon your personal situation. We take into account the analytical side of the decision as well as the emotional relief that can come from being DEBT FREE….

Read more at http://www.moneyguy.com/2008/02/should-you-prepay-your-mortgage-and-mutual-fund-opportunities 

Feb 11, 2008
Nuts and Bolts of Obtaining a Mortgage and How to Cut Closing Costs
34:44

January is officially history and there was a tremendous amount of volatility. On today's show I share how you can turn the lemons of January into sweet lemonade that can provide complete peace of mind on one of your largest assets (your home).

For more information, visit the show notes at www.moneyguy.com/2008/02/nuts-and-bolts-of-obtaining-a-mortgage-and-how-to-cut-closing-costs

Feb 04, 2008
Stimulus Package, Tax Preparation Discussion, and IRA Rollovers
46:44

We are covering: Details of the Government’s bipartisan economic stimulus program “How to drive your tax preparer crazy” discussion with CPA, Brandon Verner Listener’s Question Answered: What to do with 401k accounts from prior jobs

Read more at http://moneyguy.com/2008/01/stimulus-package-tax-preparation-discussion-and-ira-rollovers  

Jan 28, 2008
Dealing with an Uncertain Market, US Credit under Fire, and What does $900 Gold Mean?
47:13

If you need proof that this broad sell-off is nothing new then read an article that I wrote back in October 2002. (click here for a copy) In the article I let readers know that diversification and not letting their emotions get the best of them is the secret to long-term investing.

Read more at http://www.moneyguy.com/2008/01/coping-with-an-uncertain-market-us-credit-under-fire-and-what-does-900-gold-mean 

Jan 21, 2008
2008 Financial Resolutions and How Not to Have a 1987 Portfolio
47:03

A new year can represent a fresh start for many. I know that many out there have made financial resolutions and I want to be a resource to help you reach that goal of financial independence. Let's talk about some of the big areas that may need attention:

  1. Wills
  2. Life Insurance
  3. Beneficiary Designations on Life Insurance and Retirement Plans
  4. Asset Allocation

For more information, visit the show notes at www.moneyguy.com/2008/01/2008-financial-resolutions-and-how-not-to-have-a-1987-portfolio

Jan 07, 2008
Money and Your Brain, AMT Update
46:37

The emotions that your brain creates can lead to disaster if you do not know how to recognize where your decisions and actions are coming from (analytical side of the brain or emotional instinct to avoid risk).

Remember when you are wondering if the financial markets are going up or down the answer is always, “YES”

For more information, visit the show notes at http://www.moneyguy.com/2007/12/money-and-your-brain-amt-update

Dec 22, 2007
GA Education Update, Financial Leftovers, and Sex, Drugs & Hedge Funds?!
46:47

If you are a Georgia listener then Christmas has come early this year. As of December 11th the GA 529 plan has been drastically improved (probably because of the pressure of competition between the different 529 plans). The big improvements included:

** Georgia state income tax deduction update – For tax years beginning on or after January 1, 2007, contributions to an account are deductible up to $2,000 on behalf of any Beneficiary for Georgia income tax purposes. A Georgia taxpayer is not required to itemize his or her deductions to make this adjustment to income. Furthermore, there are no longer annual income limitations to claim this deduction.

For more information, visit the show notes at http://www.moneyguy.com/2007/12/ga-education-update-financial-leftovers-and-sex-drugs-hedge-funds/

Dec 17, 2007
Mortgage Plan Review, E-Commerce Booming, and Candidates Take on Social Security
45:55

Current events are impacting the world of personal finance and the financial markets. Many of you have asked me to provide more input on current financial events, and if you are one of those listeners you will get more than your fill with this show.

 

For more information, visit the show notes at http://www.moneyguy.com/2007/12/mortgage-plan-review-e-commerce-booming-and-candidates-take-on-social-security

Dec 10, 2007
The Economy, “Free” credit reports, and Improving Your 401k
47:28

The White House lowers ’08 economic forecast (click here for more information)

October foreclosure filings up 94% over last year (click here for more information)

I did not want you to think that I was only pulling out the bad news… I did want to give you a little ray of hope with this article:
Q3 economic growth fastest in four years, revision shows (click here for more information)

** "Free" credit reports **

Many of you have probably figured this out. It appears that the credit reporting companies have figured out how to squeeze a ton of profit out of consumers for something that is suppose to be "Free".

 

For more information, visit the show notes at http://www.moneyguy.com/2007/12/the-economy-free-credit-reports-and-improving-your-401k

Dec 03, 2007
Capital Gains, Mortgages, and Retire Early but Beware
47:29

 Capital Gains Looming Once Again by David Hoffman with Investment News… Investment News is an industry magazine that I get, but I think the information in the article is important because it ties to our discussion from last week about the level of distributions that many of us will recieve this year from our Mutual Funds.

What Kind of Loan Should You Get provided by SmartMoney.com… Many of you have asked me to share my insights on what type of loan you should get for your home.

For more information, visit the show notes at http://www.moneyguy.com/2007/11/capital-gains-mortgages-and-retire-early-but-beware

Nov 19, 2007
Year End Taxes & Investments, Auto Insurance Savings, & Variable Annuities
47:13

On today’s show we discuss:

1st Segment includes information on what you need to look at with your portfolio at year end.

** Harvesting Tax Losses
** Avoiding Year End Mutual Fund purchases until after you determine whether year end distributions have been made by the fund (could be as high as 10% in some popular funds this year).
** Charitable donation reminder

2nd Segment
Six Ways to Save on Auto Insurance by Stephanie AuWerter from SmartMoney Magazine

3rd Segment
What’s Wrong with Variable Annuities article publised on the SmartMoney.com website

 

For more information, visit the show notes at http://www.moneyguy.com/2007/11/year-taxes-investments-auto-insurance-savings-variable-annuities/

Nov 12, 2007
Great Personal Finance Advice, Are Credit Cards Evil, and the Wealth Spectrum
46:48

Defending credit card companies is hard to do because they do have quite a few practices that are down right sleazy (shrinking grace periods, escalating interest rate, holiday due dates, etc.), but if used properly they can be a helpful financial tool.

In this episode we share articles from the following:

"8 Experts Recall Their Best Personal Finance Advice" by Dana Dratch from bankrate.com

"Are Credit Cards Evil, or Just Dangerous?" by Liz Pulliam Weston from MSN Money

"Where Do You Stand in the Wealth Spectrum?" by Lee Eisenberg from Bankrate.com

"Dealing With a Disaster and Your Insurance Company" by Jennie L. Phipps with Bankrate.com/Yahoo Finance.

 

For links and more resources, visit our show notes at http://www.moneyguy.com/2007/11/great-personal-finance-advice-are-credit-cards-evil-and-the-wealth-spectrum

Nov 05, 2007
Roth 401k, Financial Records to Keep, and Social Security
47:30

"Should You Be Investing In the Roth 401(k)?" – I have received several emails from listeners asking questions about Roth 401k options at their workplace. I actually covered this topic in the first quarter issue of the "Wealth Report" newsletter. I am using that article in today’s show.

For more information, visit the show notes at http://www.moneyguy.com/2007/10/roth-401k-financial-records-to-keep-and-social-security

Oct 29, 2007
Pizza and Other Financial Leftovers
47:22

The Securities and Exchange Commission (SEC) called last week and let me know that they were stopping by our offices. As you can imagine, this is not my favorite kind of phone call. We had nothing to hide or worry about, but it’s still a stressful situation. In light of this visit I decided that this would be a great time for me to focus the show on a few "rainy day" articles I had put away to discuss.

For more information, visit the show notes at http://www.moneyguy.com/2007/10/financial-leftovers

Oct 22, 2007
College Planning & Savings
45:59

Points of Consideration for Education Planning
Many of you have written to ask that I provide some guidance on education planning and I have stayed away from the subject because education planning is one of those subjects that has a limited audience. I always try to do the Money Guy show with the understanding that we have listeners that are new to investing and personal financial planning as well as tried and true weathered investors that I can still enlighten from time to time with my insight.

For more information, visit the show notes at http://www.moneyguy.com/2007/10/college-planning-savings

Oct 08, 2007
Asset Allocation Basics
47:37

Terms needed to understand asset allocation:

Domestic Stocks = US Companies
Market Capitalization of US Stocks (According to Morningstar):
Large Cap = US Companies with a Market Cap greater than $11 Billion (these are the companies that are household names like Wal-Mart, GE, Home Depot, Coca-Cola, Pfizer, and so forth)
Mid Cap = US Companies with a Market Cap between $2-$11 Billion (these are companies that you might have heard of like HR Block, but are not the size of the previous listed group.
Small Cap = US Companies with a Market Cap below $2 Billion. Probably not going to recognize the small company unless you specifically use their product or they are in your town.

For more terms, visit the show notes at http://www.moneyguy.com/2007/10/asset-allocation-basics

Oct 01, 2007
Mastering the World of Investing
46:41

Basic Definitions

Diversification: The idea of spreading out your money across many different types of investments.  Choosing to diversify your investment holdings reduces your risk tremendously.

Risk Tolerance: An investor’s ability to withstand losses caused by one or more of the different types of risk. This ability can be limited by your temperament as well as your time frame and financial circumstances.  For example, someone who is investing for a goal 10 to 20 years or more in the future generally has a higher risk tolerance and may feel more comfortable with riskier investments than a person whose investment goal is only 5 years away or less.

Bull Market...

For more information, visit the show notes at http://www.moneyguy.com/2007/09/mastering-the-world-of-investing

Sep 24, 2007
Retirement In Crisis – Update
47:46

The focus of the program is on the changing retirement landscape.

1974 Retirement Funding:
11% Employee
89% Employer

2006 Retirement Funding:
51% Employee
49% Employer


Defined Pensions: The Endangered Species

 

For more information, visit the show notes at http://www.moneyguy.com/2007/09/retirement-in-crisis-update

Sep 17, 2007
Simple Advice for Your Finances
44:55

The most important concept that determines how financially successful an individual/family is going to be is:

* Deferred gratification
* The hardest part of financial independence is not the investing… it is the savings factor:
In today’s world it is getting harder to be a good disciplined financial household. There is so much outside influence and temptation that only the strongest make it (faking success).
**Credit Cards
** The desire to drive a new flashy car
** “Same as Cash” for everything including Furniture, Electronics, & Plastic Surgery

For more information, including How to Accumulate $1,000,000 by Age 65, visit the show notes at www.moneyguy.com/2007/09/simple-advice-for-your-finances

Sep 10, 2007
Financial Devastation Through Debt
45:32

I personally make use of both credit cards and the large sum of equity that I have in my personal residence. I responsibly pay my credit cards off each month, but thoroughly enjoy the $1,200 to $1,500 of annual rewards and cash back that I receive. I also use my home equity as a tool that allows me not to keep huge sums of cash sitting on the sidelines just in case I need money for an emergency. I want as much of my money working for me at all times, so that eventually my army of working dollars earns more than I can make with my back, hands, and brain. Let’s face it: Investment income that is automatic and pays your monthly bills can open your life to many more opportunities as well as complete financial independence.

However, I am quickly realizing that many have gone too far in the use of debt. Just as Alan Greenspan spoke of the late 90s equity markets with the words, irrational exuberance, I think that we can use the exact the same logic and apply it to the average person’s use of debt. Many have taken the tool of debt to levels that are now causing them to sink into financial ruin.

 

For more information, visit the show notes at http://www.moneyguy.com/2007/08/financial-devastation-through-debt

Aug 27, 2007
Act Rich and Protect Yourself from a Down Market
32:41

the benefits of using Long/Short Funds.

 

A long/short fund takes advantage of a technique that many hedge funds use that allows them to make money in both a rising and falling market. Long/short fund managers divide their funds’ assets into two types of positions (long and short holdings).

Long positions – meaning they buy stocks expecting that they will rise in value and can be sold at some point in the future at a gain (this is the traditional form of investing that most investors are use to… buy value priced stocks with the anticipation of selling for a gain)

For more information, visit the show notes at http://www.moneyguy.com/2007/08/act-rich-and-protect-yourself-from-a-down-market

Aug 10, 2007
Attn. Small Business Owners… A Legal Way to hide money from the Tax Man
28:05

I have spent the last two weeks preparing for the IRS. Unfortunately, I still do a small number of business tax returns (old habits are hard to get away from). One of my small business tax clients was selected for a full examination (Audit). I have over over 10 years of experience in completing tax returns, and this is the first business return that has been selected for an audit. I guess it was my turn to sit on the hot seat. We had the IRS agents here in the office on Wed. and then we met at the client’s business on Thursday for a site evaluation and Q&A session. I am elated that we made it through the audit without any problems and the client did not have to pay any additional taxes, but as you can imagine it has been a stress that has caused a few nights of restless sleep. I knew that we had nothing to hide, but you never know where there might be a difference of opinion on deductions.

 

For more information, visit the show notes at http://www.moneyguy.com/2007/07/attn-small-business-owners-a-legal-way-to-hide-money-from-the-tax-man

Jul 27, 2007
Are You On the Road to Wealth and Independence?
24:28

I’m a straight talker, so please don’t hate me for a harsh, but true statement: when people are falling short of their financial goals, it’s almost always because of their own actions and decisions.

Examples:

  • Putting off investing in your Roth IRA or maximizing your 401k at work (“I need the extra money to fake success for my friends and family”)
  • Hating your boss and job, but doing nothing to change your situation (“I’m scared to try something new and the interviewing process for a new job is stressful”)
  • Putting off the dream of being self employed (“Where will I get clients from and how do I get started?”)
  • Renting your life and not having an ownership mentality (“I really like my low rent payments and driving a flashy car”)
  • Taking foolish risks (“They’ll figure out Social Security’s problems by the time I retire”)

THE SECRET TO SUCCESS IS THROUGH DEFERRED GRATIFICATION AND TAKING THE ROAD LESS TRAVELED

 

For more information, visit the show notes at http://www.moneyguy.com/2007/07/are-you-on-the-road-to-wealth-and-independence

Jul 13, 2007
The 30 Minute Financial Plan
35:03

A quick review of your financial health is today’s topic.  I am taking a brief break from talking about investments.  Instead I am going to load you up with planning ideas and even tools that I use to keep my financial house in order.

Estate Planning & Risk Management (I know that it is dark to talk about death or other bad events that could occur in your life, but it is important to discuss).

Wills – If you have children you must have a Will.  Otherwise, you are leaving their future in the hands of the state.  I find it hard to believe that the state would be better at determining your families future instead of you.  DON’T PLAY WITH FIRE….. GET A WILL!!!

 

For more information, visit the show notes at http://www.moneyguy.com/2007/06/the-30-minute-financial-plan

Jun 29, 2007
How to Choose Mutual Funds
31:57

First you guys need to know my thoughts on what is known as Efficient Market Theory

Efficient Market – Since everyone has the same information about a stock, the price of a stock should reflect the knowledge and expectations of all investors. The bottom line is that an investor should not be able to beat the market since there is no way for him/her to know something about a stock that isn’t already reflected in the stock’s price.

I feel that this Theory holds true for Large Cap. US Companies. There are really only 1,000 Large Cap Companies (Cap Value > $10 Billion). Meanwhile there are pundits, analyst, and advisors like myself on every street corner to evaluate these 1,000 stocks. With the vast amounts of information and the speed that information now reaches us through the Internet, Cable Business Channels, AM Business Talk Radio how could you know anymore than anyone else?

For more information, visit the show notes at http://www.moneyguy.com/2007/06/how-to-choose-mutual-funds

 


For more information, visit http://www.moneyguy.com/2007/06/how-to-choose-mutual-funds 

Jun 15, 2007
Take 2 = When, Where, and How to Invest (Investing 101)
33:52

There are tons of podcasts out there that explain how to spend less than you make, and how credit card debt can drain financial freedom. How many actually have the training and know how to help you with the crucial portion of your extra cash flow and retirement funds? I would dare to say not many because most either do not know what to tell you or they are trying to sell you a product so they will never tell you (unless you invest $2k into their proprietary system). I am here to help by focusing the next few shows on investing.

Today is the first part of our investment series and we are getting back to the basics, but before I get into the details I wanted to mention an article I read this weekend:

 

 

For more information, visit the show notes at http://www.moneyguy.com/2007/05/when-where-and-how-to-invest-investing-101

May 17, 2007
Lazy Investing Can Be Good Investing
25:24

Tax Refund Challenge:

Now that you have filed your taxes it is time to evaluate where you are financially. Say what you will about filing tax returns they at least allow you to take inventory on how much you earned in 2006. I am always talking about saving for the future and making sure that you are locking away 15%-20% of your gross wages for the future. That is easy to say when you earn a good living, but I know from emails that I receive that many out there are struggling financially. The average refund was estimated to total $2,480 for 2006 up from $2,371 for 2005. I would challenge you to look at your return and if you are not happy with your income level do something about it. Success is easier than you think… You just have to believe and figure out where your passion is. Use the refund money as your initial savings for starting a business, or for going back to school. It is very fulfilling and can be financially rewarding to make a big change and have success that leads you to a better life.

 

For more information, visit the show notes at http://www.moneyguy.com/2007/04/lazy-investing-can-be-good-investing

Apr 18, 2007
Free Professional Advice and Research (My Little Blackbook)
25:17

The financial markets have been very choppy this quarter. We started off 2007 with day after day of the stock markets hitting new highs. Then one crazy Tuesday in February (27th to be exact) the bottom fell out of the market (I blame it on my producer Heidi; she was off that day spending time with her dentist and a root canal). Ever since it has been up and down to the point that many of you are wondering what in the world is going on.

On today’s show I am going to share with you the resources that help me determine what is going on in the financial world.

 

For more information, visit the show notes at http://www.moneyguy.com/2007/03/free-professional-advice-and-research-my-little-blackbook

Mar 23, 2007
Are 401k Fees Robbing you of your Retirement?
30:04

There is a storm of concern that has been building for quite some time, and it is finally getting the attention that it deserves…. 401K FEES:

 

CNNMoney.com “Lawmakers to take close look at hidden 401(k) fees”

US Deprtment of Labor “A Look at 401(k) Plan Fees”

MarketWatch “More fee disclosure could save 401(k) owners money, Congress told”

 

For more information, visit the show notes at http://www.moneyguy.com/2007/03/are-401k-fees-robbing-you-of-your-retirement

Mar 12, 2007
Objective Term Life Insurance Advice…No, really.
44:22

Term Life Insurance is appropriate for people who want life insurance only for a limited term, such as until your children are grown or you reach retirement age.

Term life insurance has become much more affordable in recent years due in part to the fact that people are living longer. A $500,000 term-life policy can now cost as little as $350 a year for 20 years, which is considerably cheaper in comparison to the more than $1,000 a year that it would have cost you in the early 1990s.

For more on Shopping for Insurance, visit the show notes at http://www.moneyguy.com/2007/02/objective-life-insurance-adviceno-really

Feb 23, 2007
Too scared to ask – Economic Indicators explained
30:36

When I use others’ research I always try to give proper credit to the source. Much of the information and research for today’s podcast comes from Consumer Reports Money Adviser (January 2007 Issue).

If you listen to AM radio, watch any of the cable news networks and/or your evening news, or read a newspaper, you have probably heard the following terms: Federal Reserve, Federal Reserve Chairman Ben Bernanke, Inverted Yield Curve, GDP, and Inflation Rate. How many of us really know what these figures and terms truly represent?

For more information, visit the show notes at http://www.moneyguy.com/2007/02/too-scared-to-ask-economic-indicators-explained

Feb 09, 2007
The ABCs of Asset Allocation
32:40

The backbone of good investing is Asset Allocation, and today I am going to load you up with great information.

Terms needed to understand asset allocation:

Domestic Stocks = US Companies
Market Capitilization of US Stocks (According to Morningstar):
Large Cap = US Companies with a Market Cap greater than $11 Billion (these are the companies that are household names like Wal-mart, GE, Home Depot, Coca-Cola, Pfizer, and so forth)
Mid Cap = US Companies with a Market Cap between $2-$11 Billion (these are companies that you might have heard of like HR Block, but are not the size of the previous listed group.
Small Cap = US Companies with a Market Cap below $2 Billion. Probably not going to recognize the small company unless you specifically use their product or they are in your town.

 

For more financial terms, visit the show notes at http://www.moneyguy.com/2007/01/the-abcs-of-asset-allocation

Jan 24, 2007
What to learn from 2006 and use in 2007
29:32

Before we can look forward I think that it is smart to review what happened in 2006:

Domestic Stock Markets:
* The 2006 market was interesting in the fact that the first half was pretty flat as everyone tried to figure out what the Federal Reserve was going to do with interest rates.

* The second half was El Fuego (“ON FIRE” for my Spanish-challenged listeners). The Fed decided to take a break with interest rates, oil prices dropped, everybody and their brother decided it was a good time to merge with other businesses, corporate profits were better than anticipated, unemployment was lower than expected, and interest rates came down.

* All of this was the perfect mix of optimism and lower inflationairy news that allowed patient long-term investors to be rewarded.

* Actual numbers for 2006 (with dividends reinvested):
S&P 500 Gained 16%
Dow Jones Industrial Average returned 19% (at an all time high)
NASDAQ was up 10% (still more than 50% below 2000 levels)

 

For more information, visit the show notes at http://www.moneyguy.com/2007/01/what-to-learn-from-2006-and-use-in-2007

Jan 10, 2007
Planning Well and Avoiding the Sharks
27:07

A recap on where to get good advice and what to watch out for.

Unfortunately, my industry still has too many short sighted individuals. What I mean by this statement is that there are a lot of advisors, brokers, agents, and reps that are looking for the big score, and could care less about the long term financial health of their clients.

My personal belief is that if you do good things for others it comes right back to you. Fortunately for me and my company most have not realized that you can make more long-term money by being good to your clients.

For more, including The Five Signs of Bad Financial Advice by Suze Orman, visit the show notes at http://www.moneyguy.com/2006/12/planning-well-and-avoiding-the-sharks

Dec 13, 2006
Organizing Your Retirement Options
26:23

The government recognizes that most individuals have been asleep at the wheel when it comes to saving for their retirement, and they are also unaware that Social Security is only a few decades from a funding disaster (don’t worry I am not going to go there on today’s show).

As a result of this SILENT BUT DEADLY BUILDING DISASTER the government has made several changes that provide tremendous opportunities for you to save for your future retirement and financial independence.

What retirement option should you use and in which order should they be funded?

For more information, visit the show notes at http://www.moneyguy.com/2006/11/organizing-your-retirement-options

Nov 22, 2006
Retirement in Crisis
32:24

I received an email from a subscriber (thanks Helen) suggesting that I watch the PBS Frontline special titled “Can You Afford to Retire”. I was so impressed with the program that I have decided to focus today’s podcast entirely on the special.

 

The focus of the program is on the changing retirement landscape.

1974 Retirement Funding:
11% Employee
89% Employer

2006 Retirement Funding:
51% Employee
49% Employer

“Defined Pensions”: The Endangered Species

...and more.

 

For more information, visit the show notes at http://www.moneyguy.com/2006/11/retirement-in-crisis/

Nov 10, 2006
Financial Advisor – 3rd Best Job in America?
36:05

Ok everyone please quit sending me emails on how to become a Financial Advisor. I have been bullied enough that I will spill the beans.

According to CNNMoney.com I have the 3rd best job in America.

 

Before you run out and decide to change careers let me provide you with my thoughts:


* You have to be good at taking test and going to school
* To be good you have to love numbers (and I mean truly love numbers)
* This is also one of those professions that requires a unique personality mix – you have to be very analytical (to the point that you are truly a numbers nerd), but somehow enjoy talking with and building relationships with others. Trust me there are not many of us out there; most are good at one but not both and that can lead to limited success.
* This is also one of those industries where you are not paid what you are truly worth for a number of years (3 years of experience required for CFP certification & 2 years of experience required for CPA).

 

For more information, visit the show notes at http://www.Money-Guy.com/financial-advisor-3rd-best-job-in-america

Nov 01, 2006
The Tax Smart Way to Better the World
35:20

In this weeks Financial Chaos Topic we discuss the following:

A Creative Way to Give and Avoid Taxes at the Same Time

If you are Charitable and Sick that the Government makes you take taxable RMD from your Retirement Accounts

Wesley Snipes joins the ranks of Willie Nelson and other not so tax smart celebrities. Don't mess with the only organization that can show up and just take your stuff!

For more, go to http://www.moneyguy.com/2006/10/the-tax-smart-way-to-better-the-world/

Oct 20, 2006
Market and Media Update, Oct 13, 2006
27:58

In this week's Market and Media Update:

** Should we be concerned with the recent run up of the stock markets?
Investor Apathy Means the Market Stays Bullish - Motley Fool

** Who is this YouTube Inc. guy (Chad Hurley) that is now worth $1.65 BILLION?
Google's Billionaire Boys Club Gets a New Member

** Now that I am depressed about reading about YouTube's success I might as well play the lottery!
How to Play the Lottery; The Smart Way - Howstuffworks

Oct 13, 2006
Lazy Investors Are the Wealthiest
48:06

Listen to the show for the following information:

* The Hierarchy of Investment Decisions

* The Cycle of Market Emotions

* Common Investing Mistakes

* How to Solve Investing Mistakes

* How to Accumulate $1 Million by Age 65

* Insight from Warren Buffett

For more, visit http://www.moneyguy.com/2006/10/lazy-investors-are-the-wealthest/ 

Oct 04, 2006
Market and Media Update (9/20/06)
30:45

Update on the Market and Media, September 20, 2006

Sep 20, 2006
What are you doing to become Wealthy? Rich and Happy?
25:51

The following statement is harsh but true: Most individuals are not going to become affluent because they take the easy way out in the majority of their financial decisions. Examples: Putting off investing in your ROTH IRA or maximizing your 401k at work...

Read more: http://www.moneyguy.com/2006/09/secrets-of-real-estate-investing-grq/

Sep 13, 2006
Market and Media Update, 9-8-06
16:50

Update on the markets and media, September 2006

Sep 08, 2006
Secrets of Real Estate Investing (“GRQ”)
33:55
Episode #15 of the Money-Guy Podcast GRQ? “Get Rich Quick” with Real Estate Investing = Fool’s Gold Stay up late at night and you can not miss the following claims: Use our exclusive Real Estate program and you can be a millionaire, and all for the cost of $2,495 to attend our intense 3 day […]
Sep 01, 2006
Market and Media Update, Money Guy Podcast 8-25-2006
09:34