show episodes
 
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. Get free resources, learn more about the Brian and Bo, and discover what it's like to work with us at moneyguy.com.
 
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show series
 
Wealth creation is surprisingly simple. You need discipline, money, and time. So why do so many Americans miss the mark when it comes to personal finance? The 10 stats in this episode are simple, real world reminders of how powerful a few small financial decisions can be. Keep these powerful stats top of mind to help you stay grounded, motivated, a…
 
40% of Americans are considering quitting their jobs in 2021. Why is this happening? Let's discuss how to tell when it's time to find a new job or change careers. We'll offer some practical self-assessment tools, along with tips on how to stand out from the crowd when applying to a new job. Get honest advice from two guys who have been on the other…
 
You would think money at a young age would mean financial success. So, why do so many young, professional athletes end up in financial trouble? Turns out, they fall into the same common traps that derail the average Joe's finances everyday. Let's break down how you can avoid these mistakes! For more information, visit: https://www.moneyguy.com/2021…
 
This isn't your average FIRE (Financially Independent/Retire Early) show. If you want to know exactly what it takes to be financially independent and retire early, this is your deep dive. We do the math on how much you need to save or already have saved at your age in order to retire early successfully. We always shoot straight with you, sharing bo…
 
Let's break down the pros and cons of the tool we love to hate: the credit card.Is there any advantage to using one? How many millionaires regularly pay with credit cards? Is there a SAFE way to use credit? We're answering all of this, plus sharing our personal experience with credit card usage. Whether you're a credit-card-aholic or a financial mu…
 
Do you need to be rich to have access to the best investments? Turns out, a lot of people would answer "yes" to this question. But there's something about actively managed investments that many people don't know... and it might change their minds. Producer Rebie joins the show as we break down the details, give you some good news about your wealth …
 
If you find yourself with too much debt, you’re not alone. America has a debt problem. The accumulation of high-interest debt is one of the quickest ways to derail your financial life, so it’s no surprise that strategies and philosophies on debt re-payment are a popular topic among financial commentators. With so many people telling you what to do …
 
This is a peak behind the curtain on how millionaires get on the path to financial success and stay there. We're sharing everything we've learned through our own experience - the good and the bad, the successes and the failures. We are your case studies! Here are nine "secrets" to financial success that we believe have made all the difference in ou…
 
Have you ever stumbled upon some life-changing information and thought, "If only I had known about this sooner!" or "What have I been doing my whole life?" For young Brian Preston, that was discovering the joys of buying the nicer laundry detergent. In this episode, we walk through the life-changing financial advice you need to know! We hope you ha…
 
Is the IRS targeting crypto?? With the announcement of 87,000 new employees and an emphasis on tax evasion, the IRS is certainly giving us something intriguing to keep an eye on. After we talk through this announcement from the IRS, we'll be answering your financial questions live from the chat. See you there!…
 
We feel like the masked magician - revealing all the secrets about the financial advisor industry! Whether it's learning how to spot conflicts of interest to catching major red flags, we're going to reveal exactly how the wealth management world operates. We'll share our own code of ethics, conflicts of interest, and fee structure, along with advic…
 
The real estate market is white hot. Prices are up, interest rates are low, and people are clamoring to get their foot in the real estate door in many cities. Whether buying, selling, or renting, it can be hard to decide which option is best for you and how to do it right. This episode walks you through the financial factors you need to consider wh…
 
Anyone can build wealth. It's not always easy, but that simple belief motivates us to teach smart financial strategy to everyone who will listen. We love revealing how the power of compounding interest can turn you into a millionaire, as illustrated in our Wealth Multiplier. But what about inflation? What about people in high cost of living areas? …
 
It's shocking that 35% of American employees are leaving free money on the table by not getting their employer match. 401(k) accounts tend to hold the largest amount of assets in the average portfolio. In fact, 80% of millionaires invested in their 401(k) match and many credit this account as being a huge catalyst to reaching their first $1 million…
 
We were recently sent an article called, "It’s Not What You Earn, But What Your Parents Have that Truly Counts." So... if your parents weren't rich, should you stop expecting to have wealth? Is there data to support this claim? Join us in this episode to hear our (very strong) opinions on this article, then we'll answer your questions!…
 
It's difficult to ignore market volatility. News about its rise and fall gets plastered on every news and media outlet. Many will even tell you what you should feel about it and how that emotion should affect your financial decisions. So, what's really going on with the stock market right now? Does the recent volatility and current all-time high me…
 
In this episode, you'll learn: How to protect yourself from getting trapped in too much debt How to avoid the biggest debt pitfalls at every age Healthy ways to approach big sources of debt like mortgages, auto loans, and student loans How you measure up to your peers For more information, visit: https://www.moneyguy.com/2021/04/average-debt-by-age…
 
Where did you first learn how to invest? Who explained the power of compounding interest and the discipline of living on less than you make? In today's episode, we're breaking down a recent survey revealing where the majority of investors get their investment advice. We'll share our thoughts on these sources and explore how to tell if a source is t…
 
Understanding history can keep you protected as you move into your future. After years of working in the financial space, we see trends in the investment world. With a desire to build wealth fast and a fear of being left behind, we've watched the public jump on the latest investment trends, often leading to severe disappointment. When one financial…
 
Here's exactly what a millionaire looks like. The 2021 Money Guy Survey has officially wrapped and we're sharing the results in this episode. We surveyed our Abound Wealth clients who have reached millionaire status (and beyond) to help you better understand who they are, what steps they took to reach their first $1 million, and the common mentalit…
 
Poor... not exactly the outcome most folks are going for! But are you doing any of these five things that keep you from building wealth? We get that living for the moment is fun, but what if you didn't have to trade your financial security for it? Join us for this week's show where we name the five ways you're keeping yourself poor and how you can …
 
This episode will help you transform your finances using real life advice from a billionaire! Each year, Warren Buffett writes an annual letter to shareholders, reflecting on the past year and commentating on his journey to financial abundance. Once again, 90-year-old Warren drops BOMBS, and he does it with remarkable simplicity! We'll show you the…
 
Inflation is a hot topic in the financial world right now. Our YouTube comment section attracts nay-sayers, claiming that the money we want you to invest today will not be worth as much in the future due to inflation. Let's address this! What is inflation? Why is it concerning? What action items should you take to protect yourself from it? We unpac…
 
Pull up a seat for this special episode of The Money Guy Show! Rebie joins Bo to share some of the biggest financial mistakes she's made in her 20s and what she learned. From buying a car to getting married and buying her first house, find out what Rebie got right and what she got wrong when it came to her finances. These are lessons everyone can l…
 
Life is a collection of big decisions and trade-offs that can have a significant impact on your life. Strong goals are what keep you on the path that will get you where you want to go. Goals function as our "why." They are a grounding force, helping us make big and small decisions. We've experienced this in our own lives. Now we're sharing our secr…
 
Even people with a lot of money are in danger of going broke. There's a big difference between being "rich" and "wealthy." Is your cashflow high, but your net worth statement low? Do you own your life, or are you do you find yourself, like the man in one of our favorite commercials, "in debt up to your eyeballs"? This episode will show you the fasc…
 
A paper found that young adults don't need to start saving for retirement until age 40. The study is based on "total life satisfaction" rather than savings. But, hang on. Let's take a closer look at this and see what actually happens if you wait until 40 to start saving. Who do you think would be more miserable? The person who starts saving before …
 
If you interact with any other human beings, you are involved in negotiations! At its heart, the art of negotiation is an interpersonal skill that can not only help you save money, but can make you a better friend, co-worker, partner, or boss. Too often we think one person wins and the other loses when negotiating. That is not the case! It is all a…
 
Tax evasion is illegal, however, tax avoidance is highly encouraged. Roth accounts provide an outstanding opportunity for tax advantaged retirement savings and wealth building. This powerful investment vehicle was created to encourage everyone to save for retirement and see the beauty of investing in their financial future. This episode will teach …
 
No one wants to be fooled. Unfortunately, there are many popular financial products that seem like a good idea, but can actually derail your financial plans and cause you to miss out on true wealth building opportunities. Truly wealthy, secure people know how to tell which financial investments are worth it and which are too good to be true. In thi…
 
It's not always about how much money you make. It's about how much money you keep. We often share strategies on how to build wealth and reach your first million, but are you equipped to hang onto it in the long-run? This episode lets you learn from our experience with high income individuals. Some have kept their wealth, building it for the long-te…
 
GameStop, GameStop, and more GameStop! What in the world happened? Unless you've been living under a rock, that's all anyone has been talking about for the past week. And many people still have no clue as to what is going on, so that's where we come in. We're breaking down the entire GameStop situation and giving you some tips and tricks to apply t…
 
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