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Money Guy Show

Can Coffee Really Ruin Your Finances? #AskTheMoneyGuy

Money Guy Show

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

Investing, Education, Business

4.73.1K Ratings

🗓️ 24 July 2020

⏱️ 47 minutes

🧾️ Download transcript

Summary

We've heard it for years: STOP buying that morning latte and your financial problems will be solved! Producer Rebie joins us as we break down how to tell if your coffee purchases are affecting your financial life and what is REALLY derailing your finances. For more information, visit: https://www.moneyguy.com/2020/07/can-coffee-really-ruin-your-finances/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Can coffee really ruin your finances?

0:03.5

It's Brian Preston, the Money Guy, restoring order to your financial chaos, retirement,

0:10.6

investing, taxing.

0:12.6

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

0:16.2

It's Brian Preston, the Money Guy.

0:20.0

First of all, I sure hope not because I love me some coffee.

0:23.3

Every single day, if we both have our coffees here, if you ever wonder what's in the Bobo

0:26.6

Fett mug, it's usually a fancy coffee from our

0:29.9

office here.

0:30.9

We like coffee here at a bound wealth.

0:34.0

It is one of those things.

0:35.0

I think that's how we knew Rebe would fit in is that...

0:37.9

Oh, that's so nice.

0:38.9

Well, I mean, Bob, definitely.

0:40.4

Because if you guys knew the links and the research, the due diligence, this is why I

0:46.6

think if they had a CFA designation on coffee research, Bobo Fett would have it.

0:53.9

Because he researched the perfect espresso machine, but he didn't take into account just

0:58.6

the best cup.

0:59.6

He wanted the best cup for the best price.

1:03.1

He wanted automation.

1:04.4

He wanted where you didn't have to worry about the cleaning of the steamer and all the

1:07.8

other stuff that went in the froth or steamer sounds like you're taking it to the cleaners.

...

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