meta_pixel
Tapesearch Logo
Log in
Money Guy Show

Should You Pay Off Your House Early or Save for Future Expenses?

Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 7 December 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

Does it make more sense to pay extra on your mortgage or save that money for future expenses like your kid's college? We'll walk you through that question and more in today's Q&A episode! Check out our NEW course, Know Your Number! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

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,

0:07.2

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

Let's move on to General Aviation Guru's question.

0:19.5

He says the food specifies the amount we should target for our own housing costs, right?

0:25.8

But what about a side hustle turned big?

0:29.1

What are some good guidelines to stick with when financially assessing a commercial

0:33.7

space?

0:35.0

That's a hard one, right?

0:39.4

Because it varies so much.

0:40.8

Because when you're looking at commercial properties, it's different.

0:44.1

Are you buying a single property that's going to house you?

0:47.8

Maybe you have a small business, maybe you're a plumber, and you just need a warehouse

0:52.2

facility where you can keep your stuff and you can have some employees.

0:55.7

That's different.

0:56.7

You go buy a commercial property that has four floors and I'm going to take up A suite

1:00.7

and I'm going to have tenants all over.

1:02.5

There are some different conversations and thoughts you need to have around how you

1:08.2

underwrite this.

1:10.2

The one piece of advice that comes to my mind, Brian, and I'm thinking about what Tommy

1:14.0

told us is no matter what you're doing, whether it's that big endeavor where you're going

...

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.