A Beginner’s Guide to Investing in 2024

Money Guy Show

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

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 15 March 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We’ve got a lot of new audience members that are just starting out with their money. We’ve also got a lot of you with kids, friends, spouses, or family members that you are wanting to help! We hope this will be a great resource for anyone new to personal finance. We’re going to break down the basics of investing, how to pick funds, what the different account names mean, and a step-by-step on how to actually open the accounts. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	A Beginner's God to Investing, 2024.
0:04.0	Brian, I am so excited about this because this is a starting point. So many people ask us okay where do I start how to know the fundamentals how do I know the basics when it comes to building towards financial independence
0:22.4	This is going to be the first
0:25.0	break, the foundation to start with. Well, 2023 was a great year for our
0:30.6	YouTube channel as well for our podcast and what I think a lot of people
0:34.3	were shocked to find out is that about half of our audience aren't subscribers.
0:39.9	A lot of you are always coming in the doors. We're now reaching millions of you each month.
0:45.0	And I just want to make sure, hey, for those that are brand new to the journey,
0:48.8	maybe this is the Brian and Bo of Yonder year, where do you start and that's what we want to kind of plant
0:55.9	those seeds pull it a little topsoil on top of it and then let's see what sprouts.
1:00.5	So let's start at the very beginning let Let's answer the question. What is investing? Investing is this idea that I am going to take some of my dollars today and I'm going to put them somewhere or buy something that will likely be worth more later.
1:16.7	And there are tons of ways to do this.
1:18.6	You can invest in real estate, you can invest in businesses, or one of the things that we love to talk about is investing in the
1:25.0	stock market investing in financial markets where you can trade a little bit of your earnings,
1:29.8	a little bit of your wages, a little bit of the money that you generate today and you can have that money grow for you through time
1:36.3	into the future.
1:37.2	You just said it.
1:38.6	When you start out, you are trading your time through wages to create margin or money that can be invested and that
1:47.4	leads to the next point why should you invest and a big driving factor is is you don't want to have to work with your
1:54.4	brain, your hands, and your back for your entire life. It would be nice if you could
1:58.8	have something else that replaces your labor and let you do spend time on your terms and that's exactly what
2:06.3	investing is going to do for you. Now it's worthwhile to make a quick
	...

Please login to see the full transcript.

Previous episode | Next episode

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.