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Money Guy Show

Financial Planning 101 (By Age) 2023 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

🗓️ 17 March 2023

⏱️ 46 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. Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Check out our course, Know Your Number! - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You waited for it 2023 financial planning 101.

0:04.1

Brunt, I am so excited about this because this is one of the shows where we get to kind

0:14.2

of talk about one of the things that is near and dear and true to our heart and that

0:18.7

is financial planning.

0:20.9

How do I know, based on how old I am, that I'm doing the thing I'm supposed to be doing

0:25.5

from a financial planning standpoint?

0:27.0

Now look, I'm excited that financial media has gotten better.

0:30.7

I mean, now you see stuff out there not only on YouTube, not only the podcast, you see

0:35.5

things on TikTok, but unfortunately because of some of the short form content, it can only

0:40.6

jump right into the basics of like spend less than you make control your debt and then

0:45.6

always start some type of automatic investment plan.

0:49.6

We want to go beyond that.

0:51.0

I think a lot of people, let's take it back to the basics of what actually creates the

0:55.9

art of financial planning.

0:57.5

I think it's going to be really fun.

0:59.0

And we're going to start right there at the beginning.

1:01.8

Let's start with folks that are in the 20s.

1:04.0

Now this is kind of an exciting decade because this is where you build the basis.

1:08.8

This is where you start building some of that foundational knowledge.

1:12.4

One of the things we like to continually tell folks in their 20s is that you're going

1:15.8

to spend 10,000 hours becoming an expert in something.

1:19.8

You have time.

...

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