Money Guy Show

Learn how to make informed decisions when buying a car, including understanding the true cost of ownership and the 20/3/8 rule. Discover the financial order of operations and the benefits of owning a Tesla. Compare car models and find out about exploring your options for buying a car.

The podcast discusses the release of a new book called 'Millionaire Mission' and the benefits it will provide. They explore backdoor Roth conversions and the potential of Mega Roth for filling contribution limits. The hosts discuss the balance between saving for retirement and paying off the mortgage early. They also examine the impact of debt and mortgages on achieving financial independence and retirement.

Explore the advantages and concerns of using an HSA, the importance of investing for future growth, and tailoring the HSA strategy to individual goals. Learn about investing savings in building a business versus saving for retirement. Discover the value of backdoor Roths and tax free money for high earning households. Understand the rules for upgrading a current home versus buying a second home. Dive into the financial aspects and necessary steps involved in purchasing a second home or upgrading a primary residence.

Caleb Hammer, host of Financial Audit, gets audited by the Money Guy. Topics include financial struggles, retirement savings options, real estate investing strategy, tax incentives, buying a car with cash, consolidating investment accounts, emotional toll of holding individual stocks, and the prospects of Tesla's self-driving technology.

Explore the definition of a luxury car and the process of buying one. Learn about the impact of guaranteed income on investment risk, the importance of a matching portfolio and paying cash for cars. Discover strategies for determining the amount of cash to keep beyond an emergency fund and tax strategies for retirees.

Learn how to budget with an unpredictable income and avoid overspending on housing. Get investment advice for entrepreneurs and the importance of 3D planning. Explore the pros and cons of never owning a home. Discover the importance of following financial principles when buying a vehicle and the potential of money to grow through wise decisions.

Learn about important financial planning steps before the year ends, including tax savings and retirement planning. Discuss the importance of having enough cash and properly allocating it. Assess assets and debt, get rid of high interest debt, and maximize tax-free money opportunities. Strategies for building tax-free dollars through Roth IRAs. Highlight the benefits of generosity and charitable giving. Emphasize the importance of end-of-the-year planning for financial success.

The podcast explores the risks of equity index annuities, discussing marketing tactics and cautioning against emotional financial decisions. It also addresses the downsides of annuities, such as surrender periods and teaser rates. The hosts discuss the purpose and misconceptions of annuities, as well as potential use in creating a safe income stream. They also touch on guaranteed rates on certain contracts and the ineffectiveness of using a car to pay off debt.

In this Q&A episode, the hosts answer questions about when to use your emergency fund and what classifies as an emergency. They also discuss estate planning for parents transitioning to retirement, allocating retirement savings to an S&P 500 fund, and the importance of diversification and managing emotions in investing.

Learn how to prepare your financial strategy for a possible upcoming recession. Explore the risks of adding children to real estate deeds and investment accounts. Understand the debate between saving a smaller down payment or a larger one for a first home. Get recommendations on buying life insurance and the importance of risk management.