Financial Planning 101 (By Age) 2023 Edition
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 17 March 2023
⏱️ 46 minutes
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Summary
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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