Lazy Investing Can Be Good Investing

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

🗓️ 18 April 2007

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tax Refund Challenge: Now that you have filed your taxes it is time to evaluate where you are financially. Say what you will about filing tax returns they at least allow you to take inventory on how much you earned in 2006. I am always talking about saving for the future and making sure that you are locking away 15%-20% of your gross wages for the future. That is easy to say when you earn a good living, but I know from emails that I receive that many out there are struggling financially. The average refund was estimated to total $2,480 for 2006 up from $2,371 for 2005. I would challenge you to look at your return and if you are not happy with your income level do something about it. Success is easier than you think… You just have to believe and figure out where your passion is. Use the refund money as your initial savings for starting a business, or for going back to school. It is very fulfilling and can be financially rewarding to make a big change and have success that leads you to a better life. For more information, visit the show notes at http://www.moneyguy.com/2007/04/lazy-investing-can-be-good-investing Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Ryan Preston, the money guy, restoring order to your financial chaos with
0:06.7	retirement, investing, taxes. You've got financial questions, he's got financial
0:12.1	answers. It's Ryan Preston, the money guy. Did you all think I went away? I know it's been
0:18.3	forever since we did the last podcast, but I got to tell you this tax season for
0:23.1	some reason was harder on me than it normally is and we were just up to our
0:27.2	roballs and getting our financial planning clients organized as well as as I've
0:33.1	probably told you guys in the past. I have a bad habit of I have a few clients
0:36.7	that I still do some tax preparation for. So this tax season was rough on us, but
0:41.9	we are back. Thank you for joining us. This is the money guy podcast. For all my
0:46.1	new listeners out there, just to let you know what this is. This is free advice.
0:50.2	We're giving you free advice here, restoring order to your financial chaos to help
0:54.6	you make better decisions to be a better consumer, a better investor and
0:59.4	hopefully build that financial independence out there that allows you to quit
1:03.4	working with your hands and let your money do the work for you. Now if you're
1:08.0	also trying to figure out I've tried to think of an analogy to give people to
1:11.1	let them know about this show. There's a lot of podcasts out there that have
1:15.2	come on board that are put out by big publications that are real glossy, have
1:19.7	great intros, have all kind of a marketing machine behind them. Those are like
1:24.5	those $24 hamburgers that I talked about when I was out in Los Angeles. We are
1:29.5	more like that roadside stand that is advertising barbeque. You pull over to
1:35.6	it. You eat the sandwich. The sandwiches are practically free, but it is the
1:40.1	best food you have ever put in your mouth. And that is exactly what we are. I am
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