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Money Guy Show

Everything You Need to Know About Finances in Your 20s

Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 17 February 2023

⏱️ 51 minutes

🧾️ Download transcript

Summary

We put together a compilation of our best advice throughout the years for people in their twenties. In this episode, we discuss what financial success should look like, pitfalls to avoid, and more. If you're serious about building wealth and reaching financial freedom, this video is for you! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Check out our course, Know Your Number! - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Okay, Brian, I want to talk a little bit now about specific ages.

0:10.2

I want to talk about, at the very beginning, I want to talk about our 20-year-olds, those

0:13.8

folks that are at the beginning of their career and they have everything out ahead of them.

0:18.6

They have all the opportunity in the world.

0:20.9

And yet, a lot of them are not making decisions right now that we would suggest they should

0:27.7

be made.

0:28.7

If something out there, though, 20-somethings are billionaires.

0:33.1

They are billionaires.

0:34.1

They are time billionaires.

0:35.1

I tell you, the most powerful resource in wealth creation is how long you have for

0:41.7

your money to grow and compound on your behalf.

0:45.2

And 20-somethings have the biggest opportunity, but yet there's something in the background

0:51.2

that's whispering to them.

0:53.0

So, you only live once.

1:05.0

Okay, streaming status works.

1:32.4

Well, thank you.

1:33.6

Two million by four who in K finally hit two million.

1:37.4

Oh, my back.

1:39.3

For those listening to the podcast,

1:41.1

he hit at 65.

1:43.5

So I think he thinks at 65, you just completely fall apart.

1:47.0

He was going at every age, you know,

...

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