Should I Use a Credit Card or Not?

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

🗓️ 29 November 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Many, MANY debates have been had about whether or not you should use a credit card. So in order to be a true financial mutant, should you go get a credit card? We'll walk you through that question and more in today's Q&A episode! Subscribe on YouTube! Download FREE Financial Resources from the show Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok 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,
0:07.0	investing, taxes.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:16.6	Chris asked this next question, Brian.
0:19.1	I live in California and I'm afraid the housing market will continue to outpass my ability
0:25.0	to save.
0:26.6	Is it all right to pull back on 401K contributions and put that towards a down payment?
0:32.6	This is a specialized question for Chris.
0:35.4	This is really the question I think he's asking.
0:37.6	On our wealth building journey, Brian, is it ever okay to have to make life decisions
0:43.8	associated with it?
0:45.0	And perhaps do you have any experience shares in your history where you had to maybe postpone
0:50.6	savings or put all savings or figure out something because life events took place?
0:55.7	This is why, and Chris, I'm sure you've got our free deliverable.
0:59.2	We have the financial order of operations.
1:00.9	That's money guy.com slash resources.
1:03.2	But we do talk about this in the deeper dive in the actual course of learn.money guy.com
1:08.0	where I go over the ground rules of the financial order of operations.
1:12.1	And I don't mind giving some of the experience shares, but it is one of those things where
1:15.4	I want you to know the first three steps of the financial order of operations are kind
1:21.2	of, they're locked in.
	...

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