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Money Guy Show

Financial Advisors React to Old Financial Advice!

Money Guy Show

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

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 10 January 2020

⏱️ 48 minutes

🧾️ Download transcript

Summary

After a decade of hosting a financial show (and working in finances for even longer,) what advice has changed or shifted over the years? In this episode, we react to some of our old shows. We share great stories, have a good laugh, and break down fantastic teachable tips designed to fuel your financial life!

For more information, visit: https://www.moneyguy.com/2020/01/financial-advisors-react/

Transcript

Click on a timestamp to play from that location

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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