How Do You Save for a House AND Retirement?

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 September 2021

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We recommend saving 20-25% of your income for retirement, but how do you save for retirement AND a down payment on a house? And when should you consider hiring a financial advisor? We'll walk you through these questions and more in today's Q&A episode! Subscribe on YouTube! Download FREE Financial Resources from the show 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. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:06.9	investing, taxes.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:15.4	All right, this next one is from K.
0:20.1	K says, I'm 32 and my husband is 30.
0:23.6	We have no debt and are currently investing 30% into retirement, not quite at a six-figure
0:30.3	nestex.
0:31.3	They're just below 100,000.
0:33.1	When is it to early to seek professional financial advice?
0:37.8	I think that one of the beautiful things that's going on right now in the world is this is
0:41.3	one of the greatest times ever to be able to go out and get really sound financial advice.
0:45.8	There are books, there are podcasts, there are YouTube shows, there are TikToks, there
0:51.5	are Instagrams.
0:52.5	There are all sort of mechanisms out there where if you actually have an affinity for this,
0:57.2	it's not incredibly difficult to go out and find really good, really sound information
1:02.0	that I am of the opinion.
1:03.7	You can correct me because you started managing money along before I did.
1:07.4	I think it's actually gotten easier for the do it yourself or to do it themselves than
1:12.8	it was probably 20 or 30 years ago.
1:14.6	Would you agree with that?
1:15.6	For sure.
	...

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