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Money Guy Show

Money Guy vs. The World! (Are YOU on the Winning Team?)

Money Guy Show

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

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 6 September 2024

⏱️ 36 minutes

🧾️ Download transcript

Summary

We call our community Financial Mutants for a reason – they’re different than the average person. They think, behave, consume, and save in a way that is contrary to the norm. One of the most important skills we see is their ability to know that small decisions have profound effects on your financial life. We walk you through four of these small decisions and talk about how a seemingly dismissible difference can turn into a difference of millions of dollars in the future!

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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.

Transcript

Click on a timestamp to play from that location

0:00.0

Money Guy versus the World.

0:03.0

But I am so excited about this because we know that there is something unique about

0:15.4

financial mutants and we think that the financial mutants are a special

0:19.9

breed that are worth highlighting we want to just show you what it looks like

0:25.0

when you go the money guy away instead of going the way of the world. We live in a

0:30.6

consumption society and it's worse than that. There's actually an entire

0:34.3

industries out there pushing you to spend more and to go after things that actually

0:41.3

aren't going to add happiness to your life.

0:43.7

And that's one of the things I love that we get to talk about lifestyle creep.

0:47.6

We talk about the real things that create wealth.

0:50.0

We talk about don't fall into the trap that you can afford anything you want at $200 a month.

0:55.9

You know, if you want a nicer car, just expend it out longer.

1:00.2

You know, instead of financing it for three years, not finance it eight years if you want a nicer house

1:05.2

you can do it without even worried about paying it back with interest-only loans and all kind of other

1:11.2

gimmicks that we have in this consumption society.

1:14.2

Today we want to show you those small decisions that in the beginning seem like just little

1:19.2

tiny decisions are going to have huge impacts in your future life.

1:23.0

Yeah, what's wild is while they seem, they are seemingly insignificant,

1:27.0

when you actually begin stacking them on top of each other,

1:30.0

when you have one small marginal decision and then another and then

1:33.6

another they become hugely impactful if you are just one degree off at the

1:39.8

beginning of a

...

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