"I Make $460K - How Much Should I Save?"

Money Guy Show

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

Education, Business, Investing

4.7 • 3.1K Ratings

🗓️ 27 November 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What do we recommend as a savings rate for people with higher incomes? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	All right, are you ready for Ashley's question?
0:07.0	Yes, ma'am.
0:10.0	Ashley says, what is the money guy shows thoughts on disability insurance
0:15.0	when is it necessary or is it always necessary what do you think you want to start
0:20.7	you want to start, you mean to start, brother?
0:24.0	Brother?
0:28.0	Well, everybody knows, because I just can see the content team, because they love it when I say this.
0:29.0	Well, Bo, used to sell life insurance,
0:31.0	someone shirms, so why don't you start this on?
0:33.0	It always just gives me a little chance to...
0:35.1	For like a moment.
0:37.6	Let me start on...
0:38.6	You know, that's why y'all were laughing over there, wasn't it?
0:40.9	You knew what I was going to say.
0:41.5	I wasn't even thinking of that actually let me let me start by saying
0:46.8	in my opinion I think disability is one of the most under carried necessary
0:51.7	insurance is out there.
0:52.6	I think a lot of people think, hey, I'm going to go buy life insurance,
0:55.6	so I'm not going to buy disability insurance.
0:57.0	Well, if you look at the statistics,
0:59.1	you are much more likely to become disabled during your working career than you are to prematurely die during your life.
1:05.6	Like they've like figured this out.
	...

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