How to Buy an Engagement Ring the RIGHT Way?

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

🗓️ 24 March 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Everybody seems to have their own idea on how much to spend on an engagement ring, but how should a financial mutant think about buying a ring the right way? 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

Click on a timestamp to play from that location

0:00.0	Alright, let's move on to Cranie's question.
0:09.9	Cranie?
0:10.9	Cranie.
0:11.9	Cranie.
0:12.9	I get a visual of grumpy grandma eating that out.
0:17.7	Grumpy grandma eating apple.
0:20.3	Okay, keep going.
0:22.1	I knew you were going to comment on that one.
0:24.0	Okay.
0:25.0	So wife and I are 36 and work full time.
0:28.2	After maxing our Roth IRAs and contributing up to 25% of our income to our 401Ks, not
0:35.4	maxed out, but we have not maxed out our 401Ks to clarify there, should we max them out?
0:42.0	Or should we go after tax?
0:44.8	What's next for them?
0:45.8	Man, that's really hard.
0:47.6	That's a great question.
0:48.6	Cranie, we've addressed this a lot because I think a lot of people find themselves in
0:52.6	your situation.
0:53.6	Like when you work through the mathematics, looking at your household income and you're
0:58.0	getting your employer match and you've got a fully funded emergency fund and you're maxing
1:02.7	out your Roth IRA and you're maxing out your HSA.
1:06.2	And so then you move to step six of the financial you don't know how to afford me.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.