Financial Advisors React to Old Financial Advice!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 10 January 2020
⏱️ 48 minutes
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Summary
Transcript
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| 0:00.0 | You asked for it, we did it. We react to old shows. Did our advice change? |
| 0:05.7 | It's Brian Preston, the money guy, restoring order to your financial chaos. Retirement, |
| 0:13.8 | investing, taxing. You've got financial questions. He's got financial answers. It's Brian Preston, |
| 0:20.8 | the money guy. |
| 0:21.8 | Brian, I think it's so funny. I get this question pretty often whenever someone finds out, |
| 0:26.0 | you know, obviously we're financial advisors. We do this for a living and we've been doing this |
| 0:30.0 | show now for over a decade approaching two decades. Can you say that? |
| 0:35.2 | 2006. So where was that 14 full, you were 14th year? |
| 0:39.7 | Yeah, it's almost 20 years, almost two decades. That's what I'm going to throw out there. |
| 0:43.1 | And people ask me all the time, like, are you nervous because like you say something and then |
| 0:46.4 | it lives out there forever, what happens if it changes? What happens if like you said something |
| 0:52.8 | that wasn't right? Well, we try really hard not to say things are right, but we found that |
| 0:56.8 | that the test of time sometimes things do indeed change. Yeah, man, right. We got a question. |
| 1:00.8 | We got in it. We got through the contact us section, Mark from Wyoming, Sinus, and he said, |
| 1:05.8 | and this was at the bottom of his reach out to us. He said, |
| 1:08.9 | PS, not that you're in need of suggested topics, but this question might yield fruitful discussion. |
| 1:15.3 | Given that you've been doing this for over a decade, what advice from older shows is shifted, |
| 1:19.9 | giving yours and others research and a shifting landscape of financial planning, |
| 1:24.8 | parentheses he added, and why? So I want to take a step further because we already get a lot of |
| 1:30.6 | trolls that come out and say, why do you say this? Why do you say so? I want to tell stories because |
| 1:34.8 | I do think, look, I'm an educator. I'm not a great salesman. I'm a great educator. And I like to |
| 1:40.0 | teach through stories because I think human, the human experience is when you hear somebody share |
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