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Money Guy Show

How to Bulletproof Your Financial Plan (When Life Gets Hard)

Money Guy Show

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

Investing, Education, Business

4.73.1K Ratings

🗓️ 27 July 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

When you go through big milestones or drastic life changes, your finances may not be as strong as you thought they were. In this episode, we discuss practical ways to make sure your financial life stays out of the ditch no matter what happens. Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - 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

How to bullet proof your financial plan even when life gets hard.

0:04.6

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:11.5

investing, taxes. You've got financial questions, he's got financial answers. It's Brian Preston,

0:18.6

the money guy. You know, when you go through these big life milestones and changes your finances

0:25.3

are not immune and I'm going through one right now. I recently had a baby, which is awesome, by the way.

0:30.8

But now that the dust is kind of settling, we're getting used to having the baby in the house,

0:34.5

and all that stuff. Like, our mind is turning to, okay, where are we financially? What do we have to

0:39.9

go back and shore up all of those things? And so I made this list of things that I need to get

0:45.3

taken care of. And I thought, actually, this is fantastic for any life change, whether it's like

0:49.7

a marriage or divorce or having a baby. This is all stuff that is really important. And you don't

0:55.2

want to be caught with it not being put in place. You really need it. It's stuff that you don't

1:01.9

always think about. But I'm excited to kind of get, enter this new phase in my life and get these

1:08.3

taken care of. Yeah, I'm excited about this because the one certainty that exists in this life

1:12.1

is that things are changing, right? We're always going through constant life changing. What I think

1:16.8

is so interesting, you know, I've been working with families and individuals for long enough.

1:21.7

A lot of these things, you know, you're kind of talking about on the beginning of this journey,

1:24.9

right? Having a baby and getting married and buying a house and doing all these things.

1:28.7

It's amazing how much of this translates even into other changes that go throughout the

1:33.2

lot throughout your life. And I thought it was wonderful how you kind of laid out sort of,

1:38.0

hey, here are the things that me and John are talking about. And I thought we should just kind of

1:41.3

go through them. Yeah, let's do it. So stuff on the top and go through. My five things that I'm

1:45.1

working on right now. And I'm excited to hear your advice for myself and also for you listening

...

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