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.mon...
Dec 04, 2020•1 hr 16 min
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...
Nov 27, 2020•1 hr 8 min
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
Nov 20, 2020•55 min
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...
Nov 13, 2020•50 min
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...
Nov 06, 2020•1 hr
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...
Oct 30, 2020•56 min
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/2...
Oct 23, 2020•1 hr 7 min
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 informa...
Oct 16, 2020•44 min
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...
Oct 09, 2020•1 hr 2 min
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 ...
Oct 02, 2020•34 min
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.c...
Sep 25, 2020•54 min
"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 abou...
Sep 18, 2020•50 min
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...
Sep 11, 2020•1 hr 6 min
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....
Sep 04, 2020•54 min
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...
Sep 04, 2020•1 hr 8 min
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 megapho...
Aug 28, 2020•1 hr 5 min
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-you...
Aug 21, 2020•36 min
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 hila...
Aug 14, 2020•59 min
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/d...
Aug 07, 2020•46 min
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 go...
Jul 31, 2020•54 min
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...
Jul 24, 2020•48 min
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...
Jul 17, 2020•42 min
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...
Jul 10, 2020•40 min
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 you...
Jul 03, 2020•49 min
In this episode, learn what makes this retirement savings vehicle so powerful and how your 401(k) balance measures up to your peers. Don't pass up this opportunity for free money and powerful compounding interest! For more information, visit: https://www.moneyguy.com/2020/06/average-401k-balance-by-age-2020-edition/ Learn more about your ad choices. Visit megaphone.fm/adchoices...
Jun 26, 2020•59 min
I love that my daughter's high school requires a personal finance class. Watching her discover smart financial concepts (like deferred gratification) and put them into practice makes me so happy! These concepts are putting her on the path to success. The Money Guy Show is dedicated to helping YOU get on that path, as well. This show breaks down fundamental financial principles that could change every American's life forever. For more information, visit: https://www.moneyguy.com/2020/06/every-ame...
Jun 19, 2020•1 hr 6 min
You'll be shocked when you realize what technology did not exist just a little over 10 years ago. Whether it's social media, online banking, or video chat, technology has drastically changed how we manage our time and money. In this episode, we take a look back on technological advancements from the last 15 years that make it more simple than ever before to build wealth! For more information, visit: https://www.moneyguy.com/2020/06/technology-is-changing-building-wealth/ Learn more about your ad...
Jun 12, 2020•40 min
Watch out for the potential financial pitfalls brought on by this global pandemic! The Money Guy Show is committed to helping you keep your finances on track at every age, in every situation. Whether you’re 20, 30, 40, or 50, there are unique financial pitfalls either created or exacerbated by COVID-19. This episode lets you learn more about them, so you can avoid trouble and spread the word! For more information, visit: https://www.moneyguy.com/2020/06/financial-pitfalls-during-pandemic-by-age/...
Jun 05, 2020•45 min
An emergency fund and an increase to your savings rate can change everything about your financial life. It will give you the security and flexibility you need to hit those financial goals and have room to dream! In today's episode, we teach you practical ways to find and save an extra $6,728 per year! For more information, visit: https://www.moneyguy.com/2020/05/how-to-find-easy-money/ Learn more about your ad choices. Visit megaphone.fm/adchoices...
May 29, 2020•54 min
Mutual Funds vs. ETFs: is this the showdown of the century? While it's fun to pit things against each other in friendly competition, we believe both of these funds can be used for good. Mutual Funds and ETFs can be super friends, but you must understand the pros and cons of each and how they impact your unique financial situation. Let's unpack what these funds are, how they work, and which strategies might be right for you! For more information, visit: https://www.moneyguy.com/2020/05/the-pros-a...
May 22, 2020•47 min
