Should You Start Your Own Business?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 4 August 2021
⏱️ 25 minutes
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Summary
Transcript
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| 0:00.0 | You know what, we're gonna give you guys some tumblr. |
| 0:02.0 | So make sure you get your questions in the chat. |
| 0:04.1 | We're gonna load you guys up. |
| 0:06.3 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:13.2 | investing, taxing. |
| 0:15.2 | You've got financial questions, he's got financial answers. |
| 0:18.8 | It's Brian Preston, the money guy. |
| 0:22.8 | Guys, just keep giving them to me. |
| 0:24.3 | I'm gonna start with this first one from Brian, his Brian with a Y. |
| 0:28.1 | He said, for a person in their early 40s that has a net worth over a million, is it okay |
| 0:34.0 | to slow down in order to make a kid's dream come true? |
| 0:38.7 | Specifically, he wants to be a race car driver, so it has a monetary cost to it. |
| 0:43.4 | So this is a little unique. |
| 0:45.3 | He's asking, all right, we're in our 40s and we have this net worth over a million. |
| 0:50.9 | Can we take our foot off the pedal and pursue this other thing for the benefit of my child |
| 0:57.1 | or perhaps if that's something they're thinking about doing, how would they assess if they're |
| 1:01.9 | at a place where they can do that? |
| 1:04.6 | And that is something that they've done the work to lay the foundation and be able to |
| 1:09.5 | do. |
| 1:10.5 | Well, I don't look at this. |
| 1:11.5 | I mean, I think this is a great time to ask a question like this because we're right |
| 1:14.1 | in the middle of the Olympics right now and you just know every one of those Olympic |
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