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Money Guy Show

March 15th, 2006 Podcast from the Money Guy, J. Brian Preston, CPA, CFP®, PFS

Money Guy Show

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

Investing, Education, Business

4.73.1K Ratings

🗓️ 17 March 2006

⏱️ 39 minutes

🧾️ Download transcript

Summary

Steps To Take If You Come Into a Financial Windfall Create breathing room for yourself Screw your head down to your shoulders Organize a Financial Team For more information, go to http://www.moneyguy.com/2006/03/march-15th-2006-podcast-from-the-money-guy-j-brian-preston-cpa-cfp-pfs  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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

0:09.0

You've got financial questions. He's got financial answers. It's Brian Preston, the money guy.

0:16.0

Can you tell things are looking up here at the money guy? As you can see, we've added a new intro.

0:22.0

We've got many, many more exciting things that are going to come up in the next few weeks.

0:27.0

One of the things I want to tell you about is we're actually in negotiations right now with doing a completely new website.

0:33.0

But you can go look at our existing website. It will still, the new one will be at the same website.

0:38.0

But it's money-god.com. It's moin-god.com.

0:45.0

But I think there's going to be tremendous, tremendous upgrades that you're going to be very pleased with.

0:49.0

We're going to make this even more of a resource than it currently is.

0:52.0

But please go out there and check us out. As we currently are, we will continue to do more and more upgrades.

0:57.0

I got to tell you I'm so excited about today's show. I came in here and told Heidi, who's our producer, that this show runs long.

1:04.0

We're just going to let it run because I've got a lot to talk about. I'm pretty excited about it.

1:08.0

And we're just going to do it. And we're talking about the topic of windfall planning.

1:12.0

And what is a windfall? Windfall can be many different things.

1:16.0

You could be that you were an accident and got paid some money. That's the bad side of it.

1:22.0

Also, there's the bad side of if you had a family member pass away or a distant relative and you inherited a large sum of money.

1:29.0

It also could be that you sold your company. It could be that you have a life insurance.

1:35.0

Or it could be that you won the lottery. We all joke about it.

1:39.0

Now, first of all, let me tell you the chances of you winning the lottery are slim to none.

1:42.0

But if you are one of those lucky people, congratulations.

1:45.0

You have essentially been the needle in the haystack and won the lottery.

1:50.0

And hopefully we're going to give you some advice today that's going to help you make the right decisions with it.

...

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