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Money Guy Show

5 Best Solutions to the Top 5 Money Problems!

Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 6 August 2021

⏱️ 61 minutes

🧾️ Download transcript

Summary

What is the top money problem you face? Whether it's a practical financial issue or an unhealthy mindset, this episode will put you back on track. We did some research and polled our YouTube audience, now we're telling you how to solve the top 5 most common money problems. For more information, visit: https://www.moneyguy.com/2021/08/5-best-solutions-to-the-top-5-money-problems/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Five best solutions to the biggest money problems you face.

0:05.0

It's Brian Preston, the money guy, restoring order to your financial chaos with Tyraman.

0:12.0

Investing, taxes.

0:14.0

You've got financial questions, he's got financial answers.

0:17.0

It's Brian Preston, the money guy.

0:21.0

Brian, I am super excited about this show because one of the things that you and I love getting to do is we love getting to solve problems.

0:27.0

All the time we meet with clients or have listeners ride in or just out in the community socializing with friends, someone will present a problem.

0:35.0

One of the things we love being able to do is lean into the problem and say, hey, you've got this problem.

0:40.0

Here are some ways you ought to think about attacking that.

0:43.0

Here are some ways to think about improving your circumstance.

0:46.0

That's really what we're going to talk about today, the five biggest money problems that we see and that you guys have told us you have.

0:53.0

What are some solutions of how do you address those? How do you attack them?

0:56.0

We kind of task Daniel. We said, Daniel, go do some research out there on what people historically have said are their biggest issues financially.

1:06.0

And then, while we were in the middle of a content meeting, I was kind of shocked at how fast she was able to do it.

1:12.0

She took Daniel's research, put it a poll out there to you guys to let our financial mutants kind of have some input.

1:18.0

We got 14,000 answers on these top five items, kind of putting them in order of how you, you know, a priority of where you guys are facing these issues.

1:28.0

And so what this is what we've found in our poll. And by the way, if you're not talking about a chance to take part in the poll, which you're here in the live stream, go ahead and throw out what you would say is your top money problem that you face.

1:39.0

And here were the categories we gave you. Is it overspending? Having a hard time keeping the budget in the lines? Is it a high cost of living? Maybe you live on one of the coasts and it's expensive to do the things that you want to do on a day to day basis.

1:51.0

Not having enough say for retirement, not making enough money, don't have a high enough income or buying into limited beliefs about money.

2:00.0

These were sort of the five biggest money problems that we see out there. We want to kind of go through each one and how a financial mutant should think about it and how a financial mutant can go about attacking each of these problems to make them not a problem.

2:12.0

So, well, I know we have a lot of podcasts listeners too. You know, I was kind of if you take these in biggest to smallest and then we'll attack these in reverse order when we go deeper, do a deeper dove.

2:22.0

I was kind of surprised that the number one concern and I get this because I think they're all kind of interconnected in some way as not making enough money was the number one concern.

...

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