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Money Guy Show

Financial Planning 101 (By Age) 2022 Edition

Money Guy Show

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

Education, Business, Investing

4.73.1K Ratings

🗓️ 11 March 2022

⏱️ 59 minutes

🧾️ Download transcript

Summary

Throughout every decade, there are different areas of your financial life that come in and out of focus. In this episode, we'll discuss what you need to focus on by age, pitfalls to watch out for, and how to know you're doing it right. Check out our website for more information. Subscribe on YouTube!Download FREE Financial Resources from the showGet 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.InstagramTwitterFacebookTikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Financial planning 101. It's Brian Preston, the Money Guy. Restoring order to your financial chaos,

0:08.7

retirement, investing, taxing. You've got financial questions. He's got financial answers.

0:15.0

It's Brian Preston, the Money Guy.

0:18.6

Brian, I am super excited about today's show because this allows us to do a little bit of flexing.

0:24.0

One of the things that we have to do when we go to financial planner school, right, when you

0:29.6

become a financial advisor, when you study for the exams, is you have to learn about some

0:34.7

basics of financial planning, right?

0:37.0

We learned it in the context of the financial

0:39.9

planning pyramid, right? Like how the different parts of financial planning stack on one another.

0:44.0

Well, as you and I were talking, we said, you know, it's sort of different how you approach

0:48.6

the pyramid and the basics and the thought process around each of those subject matters

0:52.8

at each age and stage. So why don't we

0:55.4

kind of run through what we dubbed financial planning 101 at each age and stage and range of life?

1:01.6

By the way, I don't know why when you said financial planning school, I had visions of the North Pole

1:06.5

with Tim Allen as the Santa Claus and we're running around. Maybe it was a Buddy the Elf moment with Tim Allen.

1:13.2

I've brought every Christmas movie out there together for its own mashup.

1:18.1

I think what I like about this show is that there's so much of financial Twitter,

1:23.4

because that's the spaces I'm hanging out where they will give really good simple information,

1:29.2

like spend less than you make,

1:31.1

control debt, automate your investments.

1:34.0

You know, every bit of that is foundational knowledge.

1:37.9

But I think it ought to, we're financial mutants.

...

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