Is It Possible to Spend Less Than 25% On Housing?

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

🗓️ 7 July 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What should you do if your housing cost is more than 25% of your income? 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	Moving on to Mystic Wolfe's question, my bank has financial advisors and retirement
0:13.2	planners.
0:14.5	What are your thoughts on obtaining this type of support and having resources of the bank
0:20.2	manage finances for retirement?
0:22.2	Is this a good idea?
0:24.0	Is this a bad idea?
0:25.5	And why?
0:26.5	What should they consider when thinking about this?
0:28.2	So I think that the question that Mystic Wolfe is asking is sort of twofold.
0:35.1	Should our financial advisors good?
0:37.2	I think they're wonderful.
0:38.2	I just want to go on the record and say that.
0:40.8	Our financial advisor is good.
0:42.5	And how do I choose?
0:44.0	How do I know which one is good?
0:45.3	Because there's all different types.
0:46.8	There are ones that work for independent companies.
0:49.4	There are ones that work for brokerages.
0:51.2	There are ones that work for banks.
0:53.1	There are ones that work for insurance companies.
0:55.0	How do I know the differences?
0:57.1	And how do I choose one that makes sense for me?
	...

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