How to Reduce Your Money Stress
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 28 May 2025
⏱️ 61 minutes
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Summary
Transcript
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| 0:00.0 | 78% of the folks stressed about money and have anxiety. |
| 0:11.4 | Bo, how do we fix this? |
| 0:12.5 | Brian, I am so excited to talk about this because I believe this is something we can fix. |
| 0:17.6 | This is actually a statistic that we can impact, that we can improve, |
| 0:22.0 | because I think a lot of people feel this way. Money and talking about financial topics, |
| 0:27.1 | it just raises a lot of discomfort and a lot of anxiety. And I think that's pretty common |
| 0:32.6 | across the American populace. Well, I mean, we live in anxious times. And if you know anything about |
| 0:39.0 | stress, anxiety, a lot of times it's because you're worried about decisions you made in the past, |
| 0:44.7 | or you're worried about your future, some big thing happening. But you know what can really help |
| 0:49.8 | out with all of this? Instead of just letting life happen, instead of just being a passive participant, |
| 0:55.4 | you can actually take an active role and guess what? Plan. I think planning is the missing |
| 1:01.5 | cogbo that can help people see the other side of this. Yeah, there was actually a study done |
| 1:06.6 | by Empower and they said, hey, how would you feel about this? And 78% of their respondents |
| 1:12.9 | that said having a financial plan, having something actually written down helped reduce their |
| 1:18.7 | stress. Brown, we talk about this all the time. And we see people who have like big goals or big |
| 1:24.0 | visions or big dreams. One of the things we always say to is if you actually want to see |
| 1:28.2 | that dream become a reality, if you actually want to see your circumstances change from where they are |
| 1:33.4 | right now, you have to actually write it down. You have to have pen on paper so that you can come up |
| 1:38.6 | with steps to move from where you are today to ultimately where you want to be. And when it |
| 1:43.2 | comes to your finances, |
| 1:47.8 | it's really no different. Well, and I think people will quickly realize a lot of the things they stress about are things they actually can control. So the big thing, if I was giving advice |
| 1:52.4 | on how do we get on the other side of this stress or anxiousness that you have, first figure out |
... |
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