meta_pixel
Tapesearch Logo
Log in
Money Guy Show

4 Signs You’re Saving Too Much for Retirement

Money Guy Show

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

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 21 June 2024

⏱️ 26 minutes

🧾️ Download transcript

Summary

We're all for aggressive retirement savings. However, it’s important to acknowledge that there’s a point where the financial mutant starts to move to the dark side and becomes… the financial miser. Here are four signs you’re starting to move to the dark side.

Jump start your journey with our FREE financial resources

Reach your goals faster with our products

Take the relationship to the next level: become a client

Subscribe on YouTube for early access and go beyond the podcast

Connect with us on social media for more content

Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

Transcript

Click on a timestamp to play from that location

0:00.0

Four signs. You might be saving too much.

0:03.0

Run, I am so excited to talk about this because this is something that often does not get talked about.

0:14.5

I mean all the time we tell people that you need to be saving more, you just shoot for 25% or

0:19.6

you need to you need to exercise more discipline but there is a certain

0:23.2

sect of the population a certain type of financial mutant out there that can take it

0:27.8

a little too far and fortunately or unfortunately a lot of them happen to be in our

0:31.8

audience and so we want to

0:33.1

actually speak to that dark side about how do you know if the decisions you're

0:37.8

making or maybe working counter to what you ultimately want to be achieving?

0:42.0

Well the thing I, the thing I think, the thing I think,

0:45.0

I really do think with what we do with the financial order of operations

0:49.0

is a lot of systems out there are math only based. And math is important. Don't miss Harris on this.

0:54.8

But there's also this intersection of the math plus the mindset. And that's what I love is I

0:59.9

want to help give the people who are prolific with their saving and investing.

1:05.4

What's the why?

1:06.5

What's the mindset?

1:07.5

So you actually do this right and you don't look back 20, 30 years from now and go,

1:11.9

man, maybe I should have lived a little bit more or enjoyed that

1:16.2

season of life. I just want to make sure we balance out what people are working through.

1:21.5

And people might hear that and say, no, no no no guys I'm a financial

1:23.6

mutant that's why I save this is why I say this but there's a dark side we

1:27.4

we love financial mutants we want you to maintain a financial meeting but what

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.