Financial Advisors React to Horrible Tax Advice on TikTok

Money Guy Show

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

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 15 November 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Brian and Bo take on some of the craziest tax advice we've found on TikTok! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, podcast family, you have to know we are known kind of on the YouTube world as the React channel, the Money Guy Show.
0:08.4	But we don't want you to miss out on any of the funds, so we have something special for you today.
0:13.1	We are so excited. We are going to actually release for you the same audio that we do on our React videos.
0:17.3	Now, if you've not checked out the React videos, go to YouTube.com slash Money Guy
0:21.9	Show and check them out. But if you just want to know what we're getting into from the audio
0:26.8	side, make sure you listen up. This is going to be fun.
0:35.7	So I accidentally put my lunch and my margarita on my business card, which means now I have to make it a tax writer.
0:41.3	Oh my gosh.
0:42.1	That's what this video is for.
0:46.4	Hey, hey, hey, it's Brian and Bo from The Money Guy show.
0:50.1	The team has put together some tax videos.
0:53.4	But I'll be honest, we did get out of them.
0:55.6	It's not necessarily good stuff.
0:57.0	Brent, I am so excited because I love that we can speak into what's good and what's not.
1:02.8	Al Thar on the Internet to help you do money better.
1:06.0	So with that, let's dive in.
1:07.6	There's only one car you buy and the rest you lease.
1:09.6	$150,000.
1:10.7	Range Rover. It weighs 6,000 pounds.
1:12.4	Section 179 IRS says anything over 6,000 pounds, you can write off 100%.
1:17.0	You could buy it on December 30.
1:18.7	100%.
	...

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