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Money Guy Show

Financial Advisor Shares His 5 Biggest Money Mistakes!

Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 27 April 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Even financial advisors can make money mistakes - and Brian has made a few that he wishes he could have back. In this episode, Brian will talk about missing Roth IRA contributions, not keeping enough cash on hand, chasing the hot dot, and more. Learn from Brian's mistakes so you can avoid them! Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today, I share my biggest financial mistakes.

0:19.3

So, as you guys can see, I'm riding completely solo, but not I still had Daniel and crew right

0:26.7

off air and I've got here's something that's very exciting.

0:30.4

Daniel will be, you know, setting up the questions for today's show when we go to the live stream

0:37.6

Q&A in a second, but first I want to start off with a little self reflection.

0:42.9

I want to talk about the five big mistakes I've made financially, but I thought the timing

0:47.8

couldn't be better to kind of be really self deprecating to explain we make mistakes

0:53.4

with content just like we do with our finances and that's okay because even when you make

0:58.6

little mistakes or even somewhat moderate mistakes, you can still have tremendous success

1:04.3

in the long term.

1:05.9

Our most recent mistake that we've made is that we let our nerdiness show a little too

1:11.8

much.

1:12.8

We recently did a reprise of our superhero show.

1:17.3

As you can see, I thought it was always so fun that it was Batman and Robin and then Bo,

1:22.3

I think because he's the one that actually suggested the most recent superhero show.

1:26.6

He said, hey, now that we have multiverse, we could both be superheroes like Spider-Man.

1:32.5

Well, here's the thing, you guys were not that interested in the algorithm wasn't interested

1:37.2

in it.

1:38.2

You're going to say goodbye to this whole superhero franchise, but we made a mistake and that's

1:44.0

okay because you guys let us laugh at ourselves and we'll move on.

1:48.5

But today, I kind of want to jump into my biggest money mistakes because I think there's

1:52.6

a lot of learning opportunity by just focusing on, hey, what did I get right?

...

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