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Money Guy Show

The Economy, “Free” credit reports, and Improving Your 401k

Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 3 December 2007

⏱️ 47 minutes

🧾️ Download transcript

Summary

The White House lowers ’08 economic forecast (click here for more information) October foreclosure filings up 94% over last year (click here for more information) I did not want you to think that I was only pulling out the bad news… I did want to give you a little ray of hope with this article: Q3 economic growth fastest in four years, revision shows (click here for more information) ** "Free" credit reports ** Many of you have probably figured this out. It appears that the credit reporting companies have figured out how to squeeze a ton of profit out of consumers for something that is suppose to be "Free".   For more information, visit the show notes at http://www.moneyguy.com/2007/12/the-economy-free-credit-reports-and-improving-your-401k 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,

0:07.6

investing, taxing.

0:09.4

You've got financial questions.

0:11.0

He's got financial answers.

0:13.0

It's Brian Preston, the money guy.

0:15.8

Well, I hope everybody had a great Thanksgiving holiday.

0:19.2

This is your host of the Money Guys Show.

0:20.9

I'm Brian Preston, joining you, and I think, what is it now?

0:25.1

Two weeks after Thanksgiving, we can have, I mean, time flies when you're having fun.

0:29.2

We went to actually Orlando for Thanksgiving and had a great time down in Disney World,

0:34.8

but glad to be back here recording another episode of the Money Guys Show, where we're

0:39.4

here to restore order to your financial chaos.

0:41.6

Now, what we're going to be talking about today, we got quite a bit of information

0:44.6

to cover.

0:45.6

We're going to be first talk about what's going on with the economy out there, because

0:49.5

the market has been all over the place.

0:52.1

It's not uncommon in the last few weeks to see us lose 200 points in a day, and then

0:56.2

we'll make back 300 in a day, and it can be something that can make you chew on your

1:00.9

fingernails and wonder what in the world is going on out there in this crazy marketplace.

1:05.4

So, I'm going to talk to you a little bit about that.

1:07.9

I also want to talk to you about credit reports.

1:11.3

We all know that there was legislation that was passed back in 2003 that does require,

...

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