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
4.7 • 3.2K Ratings
🗓️ 23 June 2021
⏱️ 28 minutes
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Summary
Transcript
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| 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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