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Money Guy Show

How to Prioritize Financial Goals

Money Guy Show

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

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 7 November 2014

⏱️ 41 minutes

🧾️ Download transcript

Summary

Here's how to prioritize your financial goals
The guys got a great listener question a few months ago -- from a husband and wife team who listen to the podcast together! -- and are taking it on for this episode. The question: how much should you save and invest if you have debt? Brian and Bo answer with some basics we can all abide by when it comes to prioritizing financial goals, and wrap up with a discussion of some of the biggest money-wasters out there.

Transcript

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0:00.0

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

0:07.0

investing, taxing.

0:09.0

You've got financial questions, he's got financial answers.

0:12.6

It's Brian Preston, the money guy.

0:16.0

So I've realized the older I get that Sunfeld and MusseethersdayTV really has helped shape

0:25.3

my life into a large part, shape this podcast.

0:28.6

Okay.

0:29.6

And what I mean by that is that Sunfeld was an entire series built upon just nothing.

0:37.4

But somehow in an episode of Sunfeld on Thursday night, I think it came on at the 9 o'clock

0:41.8

hour.

0:42.8

What they would do is they'd start off with a random topic, but then the circle, it would

0:47.8

complete a cycle where by the end of the episode they'd bring it all in tied up with

0:52.8

a knot and it all makes sense on why they did this entire episode this way.

0:57.2

And I think when I'm talking about motivation for this podcast, we were talking about what

1:02.2

we were going to do the show on.

1:03.7

And I was like, well, we actually got a great listener email that we've been neglecting

1:08.7

for the last three months because that's right, this email is three months old.

1:13.0

And it's a really good one.

1:14.5

And essentially this question, I'm not going to use the person's name, but I will read

1:18.4

it in a second, but they're asking how much should you save for retirement?

1:22.9

Because that's ultimately what the question is.

1:26.2

In relationship to if you have debt, like if you have a mortgage, if you have car payments,

...

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