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Money Guy Show

3 Things You SHOULD Spend Money On (Even During a Recession)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.73.1K Ratings

🗓️ 19 August 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

When is it okay to start spending money on things you want, but may not need? In this episode, we'll discuss when you can start spending money on "unnecessary" purchases, and what goods, services, and experiences are worth spending money on. Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Let's turn the world upside down three things you should spend money on

0:04.3

It's Brian Preston the money guy restoring order to your financial chaos retirement

0:11.6

Investing taxi you've got financial questions. He's got financial answers

0:16.7

It's Brian Preston the money guy

0:20.1

Brun I am so excited about this episode because

0:23.7

So often we talk about how you should be saving and how you should be investing and where your money should be going and how

0:29.5

You should be deferring gratification into the future

0:33.6

But we did want to flip it around we want to talk about today

0:37.4

Some things that it probably does make sense for you to spend money on yeah

0:42.6

We live in a consumer society. I mean there's so many voices telling you how to spend your money

0:48.6

Why not have a positive influence to kind of tell you hey?

0:51.8

This is when this is where and this is how to do it right and I love this Brian because it seems like the audience

0:58.0

Wants to know this information we get comments all the time like this one from Mark Neal

1:02.9

He said this episode was great timing for me

1:05.8

I've been feeling super guilty spending money and I don't know much for fun

1:09.7

I've been imagining myself being old with tons of money

1:13.9

But not knowing how to enjoy it and it is a sad thing to picture and I think a lot of financial mutants fall into that camp

1:21.7

I can vision I can future think about myself having money

1:25.6

But it's really difficult for me to let go of the dollars here and now in the present

1:30.0

Well, there's a fun line between being a financial miser and a financial mutant and we want to make sure you have a healthy

1:36.0

Relationship with your money so you're not only saving and investing the right way

1:40.0

But you're also spending that money correctly and so the answer to the question we think is actually relatively simple

...

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