3 Things You Use Everyday That Are Costing you THOUSANDS!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 22 October 2021
⏱️ 50 minutes
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Summary
Transcript
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| 0:00.0 | Three things you use every day and they're costing you thousands. |
| 0:05.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:12.2 | investing, taxes. |
| 0:14.3 | You've got financial questions, he's got financial answers. |
| 0:17.9 | It's Brian Preston, the money guy. |
| 0:20.5 | Yeah, Brian, I'm super excited about this show because this is one of the things I think |
| 0:26.1 | this is what I like to call sort of an eye opening show, right? |
| 0:29.4 | You don't recognize oftentimes how impactful the consumption decisions you make, whether |
| 0:35.4 | they're small consumption decisions or big consumption decisions, how impactful they can |
| 0:39.9 | be over the long term. |
| 0:40.9 | So we want to unpack that around sort of three common things that folks spend money |
| 0:45.7 | on every day. |
| 0:46.7 | Yeah, everybody knows we're army of dollar bills folks, meaning that we really focus |
| 0:51.6 | on the value of every dollar that you get to lead and make decisions on. |
| 0:58.4 | And we focus a lot because the deliverables like if you look at the money multiplier that |
| 1:04.8 | we have, I think a lot of times since we are wealth managers and we're helping you build |
| 1:10.1 | wealth, we talk about what each dollar has the potential to become if you invest it. |
| 1:16.0 | That's right. |
| 1:17.0 | But realize every time a dollar comes into your leadership, you have an incremental decision. |
| 1:24.8 | Do you spend in consumer or do you invest it? |
| 1:28.6 | And we focus a lot on the investing, but there's also the opportunity cost of every dollar |
| 1:33.8 | you consume with your life of what it could become. |
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