Money Guy Show

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 frenzy or "hot dot" investment fades into the past, a new trend never fails to replace it. What causes these financial frenzies, what can we learn from them, and what might that "hot dot" investment be today? Let's learn to recognize these bubbles, both past and present. Your wallet will thank you. For more information, visit: https://www.moneyguy.com/2021/04/worlds-strangest-investments-you-need-to-avoid/(opens in a new tab) Learn more about your ad choices. Visit megaphone.fm/adchoices

When should you start working with an advisor? And how much should you be investing when you're saving for a house? We'll walk you through these questions and more in this week's Q&A episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 mentality that drove each one of them to financial success. For more information, visit: https://www.moneyguy.com/2021/04/shocking-millionaire-secrets-revealed/(opens in a new tab) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 build lasting wealth instead. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 best takeaways from the letter and how to apply each one to your personal finances. For more information, visit: https://www.moneyguy.com/2021/03/billionaire-warren-buffetts-best-investment-advice-summarized/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 unpack it all in this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 learn from! Learn more about your ad choices. Visit megaphone.fm/adchoices

Let's break down how The American Rescue Plan Act of 2021 will affect YOUR finances. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 secrets with you! Accomplished goals are the secret to a fulfilled life. Let's teach you how to make your dreams a reality and set goals like a pro! For more information, visit: https://www.moneyguy.com/2021/03/make-your-financial-dreams-a-reality-setting-goals/(opens in a new tab) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 fascinating statistics behind the broke high-income earners across America. Plus, you'll walk away knowing how to protect yourself from the same fate as you reach financial success. For more information, visit: https://www.moneyguy.com/2021/03/why-high-paid-americans-are-actually-broke/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 age 40 or the person who doesn't...? We'll break it down by the numbers and see what we can see. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 about setting aside your own desires long enough to learn about another person. This episode will show you our top five tips to transform your personal and professional interactions for the better. For more information, visit: https://www.moneyguy.com/2021/02/top-5-negotiating-strategies-to-save-you-money/(opens in a new tab) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 you exactly how to take advantage of this opportunity in your own financial life. For more information, visit: https://www.moneyguy.com/2021/02/legally-hide-money-from-the-government-forever-roth-secrets-revealed/(opens in a new tab) Learn more about your ad choices. Visit megaphone.fm/adchoices

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 this episode, we'll teach you how to tell the difference and think like a millionaire! For more information, visit: https://www.moneyguy.com/2021/02/5-things-millionaires-dont-invest-in/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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-term, while others have fallen into common, but dangerous habits that have caused financial failures. Which will you be? For more information, visit: https://www.moneyguy.com/2021/02/how-to-get-rich-and-stay-rich/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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 to your personal finances as well. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you ready to start winning at money and life? We gathered all of the financial and life advice we've read and experienced over the years and put it into one episode! For more information, visit: https://www.moneyguy.com/2021/01/10-truths-about-winning-in-life-and-with-money-yes-youre-doing-it-wrong/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial success doesn't have to be rare. By teaching the younger generation basic principles of compounding interest and money management, we can equip each and every one of them to become multi-millionaires by the time they retire. Our message to young savers (from small children to young adults) is this: wealth creation is surprisingly simple, but it's not easy! This episode will show you how much your money can grow when you have time on your side, and teach you how to avoid common financial mistakes that can hurt your success. Whether you're young yourself, or a friend or family member to a young person, this episode is for you! For more information, visit: https://www.moneyguy.com/2021/01/how-to-be-young-money-millionaires-by-age/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Our view of Bitcoin is evolving and your input has helped. Fans of the show have been asking what we think of Bitcoin for 2021. Here's what we think of Bitcoin as an investment, how you should think of it in the context of your total investment portfolio, and how to use it. Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re guilty. Lifestyles of the Rich and Famous and Cribs influenced our childhood ideas of what wealth looks like more than we would like to admit. Today, we work with wealthy folks from all over the country and help them make smart financial decisions. The contrast between common perceptions of wealth and the characteristics of truly successful people is stark! In this episode, we pull back the curtain to reveal what true financial success looks like and what milestones or characteristics you should (and should not) strive to emulate. For more information, visit: https://www.moneyguy.com/2021/01/how-wealthy-people-save-and-spend-their-money-show-secrets-revealed/ Learn more about your ad choices. Visit megaphone.fm/adchoices

There are two ways to build wealth: 1) Spend less, or 2) Earn more! Saving money is a popular financial topic, but today's episode is dedicated to learning how to earn more. We live in what's known as the gig economy. It's more possible than ever to pick up a side-hustle that helps you hit your financial goals, like paying off debt, investing 20-25%, or bulking up your emergency fund. So, where should you invest your time and how much can you really make in the gig economy? Let's talk about it! For more information, visit: https://www.moneyguy.com/2021/01/top-6-paying-side-hustles-in-2021/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wonder how much money people make by being on YouTube? You will be SHOCKED by how much money some YouTubers earn. This week's LIVE Q&A episode will reveal who the top 10 highest-paid YouTube stars are and how they managed to cash in so handsomely from the video platform. Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you done your Net Worth statement recently? This is one of our favorite and most powerful yearly traditions. Simply add up your assets, and subtract your liabilities, and you'll start to get a picture of where you are financially. In this show, we're breaking down what your Net Worth statement should look like at your age! We'll explain what elements you should watch out for, explore how you measure up to your peers, and show you how to improve in the coming year. For more information, visit: https://www.moneyguy.com/2021/01/average-net-worth-by-age-in-2021/ Learn more about your ad choices. Visit megaphone.fm/adchoices

We will never forget the year 2020. No one could have predicted the ways this year has affected our lives. As we turn the page to a new year, we can't help but look back and consider what we've learned, the mindsets we will leave behind, and the perspective we will take with us into 2021 and beyond. For more information, visit: https://www.moneyguy.com/2020/12/4-life-lessons-we-learned-in-2020/ Learn more about your ad choices. Visit megaphone.fm/adchoices

After a combined 30+ years of experience of financial planning, we've seen retirement done right... and NOT right. So what are the key factors that will make or break your retirement? Whether it's stress testing your plan for weaknesses or understanding how your mindset will affect your success - we unpack it all in this episode! For more information, visit: https://www.moneyguy.com/2020/12/9-secrets-to-retirement-success/ Learn more about your ad choices. Visit megaphone.fm/adchoices

We break down the most popular financial resolutions and whether or not each one is worth it. The ones that are worth it? We'll give you some Money Guy tips on how to accomplish it. For more information, visit: https://www.moneyguy.com/2020/12/top-10-financial-new-years-resolutions/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Who wants to be a millionaire? Everyone. We believe that everyone can build wealth, but what does it actually take to be a millionaire? In this episode, we not only walk through habits and characteristics of highly successful millionaires, but we also break down powerful numbers and strategies. How much do you need to save at your age to become a millionaire by the time you're 65? And if you got a late start - how much do you need to save to catch up? For more information, visit: https://www.moneyguy.com/2020/12/how-to-become-a-millionaire-by-age/ Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you know you're on the right track on the path to financial abundance? Consider this episode your roadmap to financial success! We walk through each step along your financial journey, explaining how to tell if you're on track, pitfalls to watch out for, and exactly what you need to do to get to the next level. For more information, visit: https://www.moneyguy.com/2020/11/5-levels-of-wealth-and-how-to-achieve-them/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Make sure you maximize your tax dollars this year! Whether just starting out or reaching a new level of financial complexity, we have important tax planning tips you can take advantage of before the year ends. For more info, visit: https://www.moneyguy.com/2020/11/top-10-year-end-tax-planning-tips-for-2020/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial freedom lets you do what you want, when you want, and how you want. FIRE (Financial Independence/Retire Early) is the dream that you can take advantage of this sooner! So, how has 2020 affected the FIRE movement? We pull out the big guns and run some example Monte Carlo simulations in real time with software we use for our financial planning clients! For more information, visit: https://www.moneyguy.com/2020/11/did-2020-destroy-the-fire-movement/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Owning a new car sounds great... but is it actually keeping you poor? Buying a car can be a treacherous process, threatening to knock your financial life way off course. This episode will walk you through everything you need to know! You'll be able to walk off the lot knowing you made an informed decision and got a good deal! For more information, visit: https://www.moneyguy.com/2020/11/how-to-get-a-good-deal-on-a-car-purchase/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants to be wealthy, but wanting it and being ready for it are two very different things. After a combined 4 decades of experience, we've seen real life examples of what can go wrong if someone truly does not have the right mindset to handle significant wealth. Let's make sure you're 100% ready for the success that's coming your way! For more information, visit: https://www.moneyguy.com/2020/10/not-ready-to-be-wealthy/ Learn more about your ad choices. Visit megaphone.fm/adchoices

I think it's safe to say that 2020 is a year we would all like to leave behind. If we could travel back in time, there are lots of things we would have told our 2019 selves to do differently. Take that trip, go to that movie, invest in virtual meeting software! While we don't have a Delorean, and our flux capacitor isn't operating at full capacity, there are some decisions we know you can make today that your future self will thank you for! For more information, visit: https://www.moneyguy.com/2020/10/6-financial-decisions-your-future-self-will-regret/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Golidlocks and the Three Bears is a great example of a smart investment strategy. How so? Many investors get caught up in doing too much or let fear cause them to do too little while a "Goldilocks investor" discovers the balance of "just right." In this episode, we break down the numbers. What happens to your dollars over time if you time the market just right, invest at the "worst" possible times, or take a methodical "goldilocks" approach? Then we'll teach you how to apply it! For more information, visit: https://www.moneyguy.com/2020/10/be-the-worlds-best-investor/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Are there clues, secrets, or hacks to financial success? Of course there are! That's what The Money Guy Show was built off of. Understanding these 3 key factors can change your trajectory and usher you into financial success. For more information, visit: https://www.moneyguy.com/2020/10/do-this-to-be-rich-3-secret-ingredients/ Learn more about your ad choices. Visit megaphone.fm/adchoices

YouTuber, real estate mogul, and 30-year-old millionaire Graham Stephan check all the boxes: flashy titles, fancy cars, and an edgy slogan. When observing an influencer like Graham, how can you tell if they're legit? In this episode, two fee-only financial advisors give an honest reaction and breakdown and Graham's money philosophy. Without spoiling too much, we think Graham is a guy to watch and he spurred some great conversations about what makes wealth building work! Learn more about your ad choices. Visit megaphone.fm/adchoices

The biggest obstacle to your success is right between your ears. With the amount of information at our fingertips and media outlets vying for our attention, it's so easy to be swayed by questionable financial advice. Our goal is to help you know what's coming your way! We want you to have wisdom that helps you weather the barrage of ideas, opinions, and false information. This show tells you exactly what to watch out for and what to do instead! For more information, visit: https://www.moneyguy.com/2020/09/4-ways-the-financial-world-is-lying-to-you/ Learn more about your ad choices. Visit megaphone.fm/adchoices

"Is the next recession around the corner?" Every four years, we get this question without fail - and this year is no exception! No matter your candidate or preferred party, it's easy to fall into worrying about the election's impact on our economy and your personal portfolio. Let's debunk some lies, examine history, and make sure your finances can weather the political storm! For more information, visit: https://www.moneyguy.com/2020/09/how-to-election-proof-your-finances-by-age/ Learn more about your ad choices. Visit megaphone.fm/adchoices

What actually happens if you let your finances get out of whack? We've been managing money for close to four decades combined. We're sharing the common mistakes we've seen, how you can avoid them, and breaking down how each one affects your financial plan. For more information, visit: https://www.moneyguy.com/2020/09/if-you-do-not-follow-this-financial-advice/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you heard the BIG NEWS!? We’re excited to bring you our first-ever online course! This online learning experience will walk you through every step of the Financial Order of Operations (“FOO”), and show you how to immediately apply these principles to your own life. What’s the FOO? We like to think of it as the official instruction manual for money. These tried-and-true steps make it easy for anyone to start building wealth using the money they have now. Sing up here: https://learn.moneyguy.com/ The course drops on October 1, 2020! Learn more about your ad choices. Visit megaphone.fm/adchoices

8 out of 10 millionaires reached millionaire status by age 49 inside their 401(k)! This investment tool is too powerful to overlook, but how exactly does it work? How can you be sure your 401(k) plan is a good one? And are you sure you're maximizing its full potential? In this episode, we break it all down, equipping you with everything you need to know to become one of those 8 out of 10 millionaires. For more information, visit: https://www.moneyguy.com/2020/09/are-you-using-your-401k-the-wrong-way/ Learn more about your ad choices. Visit megaphone.fm/adchoices

It's great to be intentional about how you spend your money, but is it always the wisest choice? You can save money by cutting a corner or being cheap, but if it is going to impact you in the long-term... those savings are empty and could actually cost you. This show walks you through the items you should think twice before hunting for a bargain! For more information, visit: https://www.moneyguy.com/2020/08/11-things-you-should-never-buy-for-cheap/ Learn more about your ad choices. Visit megaphone.fm/adchoices

You want to know you're making the right decisions with your money, but no one is perfect. While we recognize you'll have your moments of error, we want to make sure you get the big items right! What are the 3 most significant financial areas that will make or break your financial life? This episode unpacks some fundamental financial strategies that will either set you up for success or completely ruin your financial life. For more information, visit: https://www.moneyguy.com/2020/08/ruining-your-financial-life/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Smart financial strategies are simple... but they're not always easy! Humans do not always act in a predictable or rational manner, even when the smart behavior is easy to grasp. The problem is, many of our financial decisions stem from subtle behavioral influences, preying on our emotions and keeping us from making rational decisions. If you can recognize these mental patterns, you can hack your financial life and make your best money decisions yet! This is a fun episode! We share a lot of hilarious personal stories, all tying back to some awesome financial concepts. For more information, visit: https://www.moneyguy.com/2020/08/9-dumb-financial-decisions-most-people-make/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Dave Ramsey is the best resources for getting out of debt. He has done incredible good for the financial world and millions of people across America. But there is one element of Dave's advice that deserves a closer look. How effective is Ramsey Solutions' investment advice? Let's do a deep dive on why it might not be as prudent as you think - and how to fix it! This was a highly requested episode! We hope it's helpful and inspiring. For more information, visit: https://www.moneyguy.com/2020/08/dave-ramseys-investment-advice/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The Money Guy Show would not be successful without our move to Nashville, TN. It has provided us with business and financial opportunities, a great quality of life, educational opportunities for our families, and access to a host of creative people who have made the show what it is today. There are a myriad of good reasons we end up living where we do, but have you ever stopped to consider how a certain U.S. state or city can completely change your financial trajectory? In this episode, we're going to lay out some actionable data points and jump-start your research. Let's spark some curiosity about the financial pros and cons of your state, at your stage of life! For more information, visit: https://www.moneyguy.com/2020/07/the-best-places-in-america-to-build-wealth/ Learn more about your ad choices. Visit megaphone.fm/adchoices

We've heard it for years: STOP buying that morning latte and your financial problems will be solved! Producer Rebie joins us as we break down how to tell if your coffee purchases are affecting your financial life and what is REALLY derailing your finances. For more information, visit: https://www.moneyguy.com/2020/07/can-coffee-really-ruin-your-finances/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Telsa is revolutionizing the auto industry, but what does that mean for your finances? Get ready for some mind-blowing math about how this luxury vehicle may be coming for tried-and-true brands like BMW and Honda. For more information, visit: https://www.moneyguy.com/2020/07/tesla-to-revolutionize-the-auto-industry/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Small decisions have big impacts. Savings goals and milestone purchases should be celebrated, but they might be costing way more than you think! There is a major flaw in how Americans view money. We want to make sure you recognize it! This episode shows you how to measure twice, cut once, and make sure you're making lifestyle decisions that will set you up for success. Warning: These numbers might shock you! For more information, visit: https://www.moneyguy.com/2020/07/how-much-is-your-lifestyle-really-costing-you/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The best way to create wisdom is through experience. Over two decades of wealth management experience has taught us a lot and, thankfully, we're self-deprecating enough to share all of it - the good and the bad! This episode unpacks our top 3 successes and failures in the world of finance, so you can avoid the pitfalls from our early years and capitalize off of our current wins! For more information, visit: https://www.moneyguy.com/2020/07/best-and-worst-financial-decisions/ Learn more about your ad choices. Visit megaphone.fm/adchoices