Average Debt By Age (And What To Do About It)

Money Guy Show

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

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

4.6 • 2.8K Ratings

🗓️ 26 April 2019

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Debt is a four letter word. Is that a coincidence or a consequence? In this week’s episode, we take a deep dive into each age group and what debt should look like at each stage.

If your boat is leaking because of debt, cash flow issues, or making monthly payments is a struggle, then you want to take control of your finances immediately so you can get on the path to financial independence. This episode can help you do just that!

Tune into this week’s episode as we walk you through how you can handle debt over your various stages of life.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/04/debt-by-age/

Transcript

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0:00.0	Dead is a four letter word.
0:02.8	Is that a coincidence or actually a consequence
0:06.1	of how bad the average American is?
0:08.4	Today we're going to talk about each age group
0:11.1	and how they should handle their money.
0:12.9	20s, 30s, 40s, 50s.
0:15.4	We got it all covered today.
0:17.2	It's Brian Preston, the money guy.
0:20.2	Restoring order to your financial chaos, retirement,
0:24.0	investing, taxes.
0:26.0	You've got financial questions.
0:27.6	He's got financial answers.
0:29.5	It's Brian Preston, the money guy.
0:32.9	So I'm actually really excited about this, Brian,
0:34.7	because again, one of the things that we try to do
0:37.2	is we're trying to make this show customized for you,
0:39.6	for the audience, to make sure it's as valuable as it can be.
0:42.5	And one of the things that we've heard from you guys
0:44.5	is, I love it when you guys walk through the decades.
0:47.8	I love it when you talk about net worth through decade
0:51.6	or by age, what are some of the financial things
0:53.7	you ought to be thinking about?
	...

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