How the Russia and Ukraine Conflict Can Impact Your Finances

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

🗓️ 2 March 2022

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The recent conflict in Ukraine unfortunately is impacting many lives around the world. In our global economy, financial impacts are not limited to countries involved in the conflict. How could the Ukraine/Russia conflict impact your finances, based on our knowledge of past events? Are there changes you need to be making? Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! 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	How the Russia, Ukraine, crisis can impact your finances.
0:04.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:10.8	investing, taxes. You've got financial questions. He's got financial answers. It's Brian Preston,
0:17.9	the money guy. Yeah, Brian, I am excited about this show today because I think this is on a lot
0:25.2	of folks' minds. I mean, obviously in the world right now, this is sort of an issue going on
0:29.6	that cannot be avoided. So it likely is going to have an impact on us. And I think a lot of people
0:34.2	want to know is, how does this impact my finances? How does this impact my portfolio? Well, look,
0:39.5	you can tell by the title of our show, the money guy show, we are not geopolitical experts.
0:47.9	And we're very purposeful in the fact that we don't do religion. We do not do politics
0:53.6	because those things are so divisive. But every now and then, this stuff just soars right into
1:03.2	us. And it's one of those things where I want to make sure that our audience, because it is,
1:08.5	it's things that create anxiety. They're front and center where you can't get away from it.
1:14.1	And if you're not equipped to know how to deal with this for your own personal finances,
1:20.4	it can really derail you from accomplishing a lot of your goals and staying on point and on
1:26.1	purpose with how your money works. And then it also sometimes even feels weird to talk about
1:31.6	your personal finances when we're dealing with something that globally, I mean, it's scary. It's
1:37.0	sad. You know, there's human costs to this. But it is one of those things where I think that
1:41.6	there needs to be a voice to talk about these things. So even though we're not experts in the
1:46.5	geopolitical world, we are experts in the financial realm. And we're going to try to help you
1:52.8	navigate that. And you know, obviously what we do in our day jobs is we help folks navigate
1:58.5	their financial lives. We get to service fee-only financial advisors. And a lot of the folks that we
2:03.1	work with are retired and they're living off their portfolios. They've built their army of dollar
	...

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