Financial Planning 101 (By Age) 2022 Edition
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 11 March 2022
⏱️ 59 minutes
🧾️ Download transcript
Summary
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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