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Money Guy Show

Addicted to Saving

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

🗓️ 6 September 2013

⏱️ 38 minutes

🧾️ Download transcript

Summary

This week we look at the importance of saving early as well as evaluating your 401k and the investments inside it. Brian and Bo examine two articles: An Open Letter to Everyone Under 30, from The Motley Fool and How to Grow Your Savings, from Consumer Reports.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:07.1

investing, taxes.

0:09.1

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

0:12.7

It's Brian Preston, the money guy.

0:15.2

Well, today's show is going to be kind of a Mary Poppins bag of topics that we want to

0:20.1

cover.

0:21.1

To a degree bow, you were the inspiration for part of this is because you'd sent me some

0:24.8

links over from some articles you'd read and decided we'd roll with it because I think

0:29.8

you never can tell people who, especially young people, all those that are under the age

0:33.8

of 30, is not a bad time to start saving for the future.

0:37.1

And I think you get this, you know, sometimes you get an email or you see an article and

0:40.2

the heading just grabs you so much, you're like, holy cow, I have to read that article.

0:45.0

And this one, it says, it's an open letter to everyone under the age of 30.

0:48.8

And so I kind of thought, hey, I need to need to read that article.

0:52.1

And I read it, it hit me and I was like, man, this is something that I need to, I sent it

0:55.2

out to you, I sent it out to Gabe, because I think it's an awesome piece.

0:58.4

I think it did a great job kind of putting some fundamental stuff in there.

1:02.1

We got to read the first part because I think that's so true.

1:05.4

And that's such a cool illustration that people don't think about a whole lot.

1:08.8

And just so we don't run off everybody who's over the age of 30, because I've fallen

1:11.6

that category myself is that I know a lot of us, and I've said this before, that when

1:16.2

you listen to the show, you might be the influence of many people in your circle that you

...

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