meta_pixel
Tapesearch Logo
Log in
Money Guy Show

4 Ways to Pay for BIG Expenses

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

🗓️ 16 August 2024

⏱️ 40 minutes

🧾️ Download transcript

Summary

There are great resources out there like automated savings, savings buckets, and budgeting apps to help you know how much to save and to help with behavior. We know how to save, but one question that goes unanswered often is… how do I actually pay for these big expenses? And is it ever okay to take out loans?

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

Hey, let's talk about the four big ways to pay for those large expenses.

0:04.4

I am so excited about this because we live in a unique time right now where a lot of folks are recognizing

0:16.7

there are big expenses coming their way maybe there are weddings or other things like that

0:21.3

or maybe you've decided that now is the time to do the home

0:24.5

renovation or the home project that makes more economical sense for you right

0:28.1

now but then the question becomes okay how do I pay for it What's the most effective way to pay for a large

0:34.6

expense? Well this is one of those things where I love that we get to share the

0:38.7

craft with you. One of the big things we get to do for our clients is we help

0:42.1

them navigate. How do you handle these big life

0:45.4

expenses? You mentioned, you know, buying a house, but it also could be cars, it could be

0:49.8

college education. There's all kind of things that are going on.

0:53.6

And by the way, this is why you've got to subscribe to our channel.

0:56.7

We're going to actually go behind, open up the curtain, tell you how we think about things as

1:01.2

financial advisors so you can apply this to your own financial life.

1:05.0

So make sure you get in there.

1:05.8

We found out about 60% of our audience just drops in, watches, listens, go ahead and make sure

1:11.7

you subscribe. But jumping in, this isn and make sure you subscribe.

1:12.6

But jumping in, this is to the craft part of this.

1:15.6

I feel like we, one of the things I love about being a financial advisor,

1:18.8

it's like our own little fixture-upper show.

1:20.7

People come to us with the before, with the goals, the objectives, and in a short

1:25.6

period of time with a little bit of planning, we get to send them out the door with a better

...

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.