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Money Guy Show

Q&A with Caleb Hammer!

Money Guy Show

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

Education, Business, Investing

4.73.1K Ratings

🗓️ 4 December 2023

⏱️ 34 minutes

🧾️ Download transcript

Summary

Caleb Hammer of Financial Audit asked us a question during our recent livestream about how to budget for food when you live in a "food desert." 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

Oh, you're going to like this username for the next one. It says, uh, seafood diet, get it? See it with the food

0:14.9

capitalized diet and then that which I don't know

0:19.0

special shout out to that our celebratory meal after most shows is salmon.

0:24.4

His salmon.

0:25.4

Yeah.

0:26.4

Do you?

0:27.4

So you could say we have a seafood diet to celebrate.

0:31.4

Just for lunch.

0:32.4

Sorry. Great. All right. Daniel liked it.

0:34.0

As long as we got to laugh out of Daniel it was all worth it.

0:38.0

Well here's seafood's question.

0:40.0

It says, I'm young and lucky enough to not have hit any personal finance or marketing hurdles yet.

0:48.2

He feels like it's been relatively smooth sailing.

0:51.4

So how do I know if my asset allocation is too aggressive?

0:56.0

For some context, he's in his early 30s.

0:58.0

He's on step 8 of the food, so he's doing well.

1:00.0

But how can he decide if he's being too aggressive because things have been

1:06.0

easier to him? What do you think?

1:09.0

Well here's the here's the question I have for how much money do you have? If we look at your total liquid investable net worth,

1:15.2

how much is it?

1:17.4

Early 30s, you've been saving, you've been doing good.

1:19.9

There's a chance that it's built up really, really well,

...

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