"How Do I STOP Feeling Guilty for Spending Money?"

Money Guy Show

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

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 27 February 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Even if you're saving 25% for retirement, it can still be difficult for a lot of people to stop feeling guilty when they spend money. So how do you shift your mindset about spending? We'll walk you through that question and more in today's Q&A episode! 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	Okay, question from Jake Glover.
0:09.0	No Jake.
0:10.0	A different Jake.
0:11.0	It's how the order we've done these right here.
0:13.5	That's true.
0:14.5	Yes.
0:15.5	Well, this is Jake Glover.
0:16.5	He has a question.
0:17.5	A question on younger, high earning individuals.
0:21.2	I am 28 years old, making 200 to 250K.
0:24.9	Wow.
0:25.9	On track to retire early by saving only 15% due to starting early.
0:32.6	Is it cool to start pulling back?
0:34.8	What do you guys think he should consider when thinking about this question?
0:38.1	Okay.
0:39.1	All right.
0:40.1	Okay.
0:41.1	All right.
0:42.1	Here we go.
0:43.1	But can I ask something that sets the stage for you?
0:44.6	Jake, if you're only saving 15% in your 28, where's the other 85% going at that level?
0:50.6	And then I'll let you add the rest.
	...

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