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Money Guy Show

Do You Need a 3 or 6 Month Emergency Fund?

Money Guy Show

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

Investing, Education, Business

4.73.2K Ratings

🗓️ 23 June 2021

⏱️ 28 minutes

🧾️ Download transcript

Summary

We hear about term and whole life insurance all the time - so do you need it? And should you have a 3 or 6 month emergency fund? We'll walk you through these questions and more in this week's Q&A episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

I'm going to steal the first question because it goes with this show and we didn't answer it but some people were asking it

0:04.5

So okay, I guess I'm going to assume myself a tumbler. It's Brian Preston the money guy

0:10.4

restoring order to your financial chaos

0:13.5

retirement

0:14.5

Investing taxes you've got financial questions. He's got financial answers. It's Brian Preston the money guy

0:23.8

Here is the question

0:25.8

Should I choose a cashback card or a travel card because people were noticing hey you didn't mention travel cards

0:33.6

You didn't mention hotel points you didn't mention miles

0:36.4

How come that wasn't anything in there is there a reason is that something you kind of want to speak to?

0:41.5

Yeah, some of this is behavioral some of this is just annoyance would not get in busy doing nothing is that when I was doing my research

0:48.6

On because my wife and I think some of this is they they try to hook you remember

0:54.9

Credit card coins or the credit coins that went out back in the early

0:59.5

1900s it was about creating loyalty to the brand or to the store

1:04.0

Yeah, and I feel like sometimes when you get travel per cards like an airline card or something like that

1:09.1

It is going to be one more factoring your decision making that you'll go there

1:15.0

Just because you have the card or the loyalty instead of trying to get the best deal and in my own research

1:21.6

I found you know what a lot of times the flights I wanted to take like on an airline card

1:27.4

Where's going to take so many points? I just really pay cash. Yep, so cash is king and the fact of the ultimate benefit because I

1:34.8

Can use my cash rewards on travel I can use my cash rewards on saving for the kids college

1:41.3

I can use cash rewards saving for our own financial independence. I like that maximum

1:47.8

Flexibility and and I think that the the whole points of travel has gotten so

1:54.2

Deluted down that I for my own personal experience. I think cash is king and with cards like the fidelity

...

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