"Should I Put More Money Toward My Loans or Retirement?"
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 18 January 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:07.0 | investing, taxing. |
| 0:09.0 | You've got financial questions, he's got financial answers. |
| 0:12.6 | It's Brian Preston, the money guy. |
| 0:16.0 | Buckuy fan 14 has a question. |
| 0:19.0 | I'm 26 and investing 40% of my growth income. |
| 0:23.6 | This is my first year investing this much. |
| 0:25.8 | I keep checking my accounts and see the money going down this year. |
| 0:30.4 | How do I stay motivated to keep investing? |
| 0:35.9 | Step one, this is really easy, Buckuy fan. |
| 0:39.0 | Go to moneyguide.com slash resources. |
| 0:41.1 | I want you to download what we call the wealth multiplier. |
| 0:45.0 | It shows how valuable every dollar can be at each age. |
| 0:50.4 | So for you at 26, we've got a little chart, little grid, which got out of 26. |
| 0:54.8 | I want you to see what every dollar you are saving can turn into. |
| 0:59.2 | And then what I want you to do is I want to take your 40%. |
| 1:02.0 | I'm going to do round math because I can do it in my head. |
| 1:05.5 | Let's say that you make $100,000 a year and you're saving $40,000 a year towards your |
| 1:10.3 | own $1 bills. |
| 1:11.3 | I want you to take $40,000 and multiply at times that wealth multiplier. |
| 1:16.7 | That is what those contributions this year are on pace to be by the time that you get |
| 1:21.9 | to 65. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

