Money Guy Show

Brian Preston and Bo Hanson
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Jan 6, 2025 • 20min

How to Combine Finances the RIGHT Way

Merging finances before marriage presents unique challenges. Honest discussions about money can strengthen relationships. Discover strategic financial planning for wedding expenses and combining assets. Learn how to repurpose leftover 529 college funds for retirement contributions. The importance of goal setting and using financial tools, like net worth statements, is emphasized to help manage finances effectively. Ultimately, it’s about transforming money management into a pathway for a fulfilled life.
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28 snips
Jan 3, 2025 • 44min

Net Worth By Age (2025 Edition)

Curious about your financial health? Discover how tracking net worth can clarify your journey. Learn to evaluate your assets realistically and navigate the complexities of home equity. The discussion critiques outdated retirement benchmarks, advocating for a proactive mindset. Financial strategies for your 30s are crucial, focusing on intentional saving amidst life's changes. Lastly, explore tax strategies to ensure you're ready for retirement with confidence. Simplify your finances and pave the way for a fulfilling life!
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17 snips
Jan 1, 2025 • 30min

Don't Make These Inheritance Mistakes!

Discover essential strategies for effectively managing a $300,000 inheritance while exploring tax implications and long-term planning. Learn the benefits of target retirement funds and index funds to simplify your investment journey. Delve into the emotional nuances of understanding net worth and its financial implications. Gain insights on diversifying investment tools, increasing your financial growth potential, and hear a humorous discussion on favorite tools that illustrate the importance of having the right resources for everyday tasks.
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Dec 30, 2024 • 24min

"How Do I Buy an RV?"

Explore the intriguing financial implications of RV ownership, questioning if it’s really a luxury item or an investment. Dive into humorous family adventures and the dynamics of traveling in an RV, proving it's more than just a vehicle. Gain insights on navigating restricted stock units and the importance of diversification. Plus, uncover the complexities of Roth conversions and the key strategies to make informed decisions. This journey is filled with valuable lessons on wealth building and personal fulfillment!
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Dec 27, 2024 • 18min

Financial Advisors React to Unhinged Money Advice on TikTok!

Join the hosts as they hilariously dissect bizarre financial advice from TikTok, like the wild notion of skipping loan payments! They challenge popular money myths while stressing the need for informed strategies, especially around auto loans and retirement saving. The discussion also dives into the balance between personal relationships and entrepreneurial success, highlighting the harm of prioritizing wealth over connections. Lastly, they advocate for incremental steps in real estate and urge action over empty affirmations for true financial growth.
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Dec 25, 2024 • 23min

Your Salary Structure is WHAT?

Discover how to navigate financial challenges with inconsistent income, especially for those starting a new job with delayed pay. Learn how NFL players tackle money management amidst irregular earnings. Explore the truth about estate planning and the tax advantages of keeping assets until death. Uncover the 'Rule of 55' for accessing 401k funds without penalties in retirement. Finally, embrace the tough lessons of life likened to 'leg day' in fitness, proving that hard work fosters growth and satisfaction.
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Dec 23, 2024 • 18min

Is THIS a Secret Investing Hack?

Explore the intriguing world of leveraged stocks and the potential risks of 2x and 3x S&P funds. Discover strategies to optimize your Health Savings Accounts and maximize employer contributions. Enjoy a light-hearted exchange about music mishaps and its unexpected ties to math skills. Plus, gain insights on how to enhance your financial literacy with valuable resources. Tune in for a blend of humor and knowledge that guides you toward smarter investing!
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18 snips
Dec 20, 2024 • 45min

4 Essential Tips to a Perfect Retirement

Discover crucial tips for creating a fulfilling retirement tailored to your unique needs. Explore the emotional and financial shifts that occur as you transition from saving to spending. Learn about key retirement milestones and essential financial preparations. Dive into strategic planning for Social Security and health insurance, along with insights into managing Required Minimum Distributions. Gain valuable perspectives on aligning your retirement lifestyle with personal values and leaving a lasting legacy.
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6 snips
Dec 18, 2024 • 21min

Should I Slow Down Saving to Buy a Car?

A listener seeks advice for their newly married daughter balancing car savings with 401(k) contributions. The hosts break down strategies for optimizing retirement savings while managing immediate expenses. They share insights on Roth conversions and the importance of maximizing employer matches. There’s a humorous glimpse into the production team’s antics and the challenges of handling concentrated stock holdings. Practical advice flows freely, ensuring confident financial decisions for young adults navigating their future.
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12 snips
Dec 16, 2024 • 24min

I’m Losing 50% of My Income - What Now?

The discussion dives into the risks and rewards of transitioning from a stable salary to a commission-based role, particularly with a significant income cut. Practical strategies for adapting to reduced income are explored, emphasizing expense management and realistic financial planning. The hosts also share humorous personal milestones, including birthday celebrations and the release of a successful book. Amidst the laughs, they highlight accessible financial education resources designed to empower listeners in their financial journey.

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