The Perfect Graduation Gift for a Financial Mutant?

Money Guy Show

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

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 24 July 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What are some gifts you can give a recent high school or college grad to get them started on their wealth-building journey? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Oh, this next one has a great name.
0:08.0	Money guy, Tumblr Chaser has a question next.
0:10.8	So it's his lucky day.
0:12.9	Name and climate.
0:14.1	Question is, we have a healthy emergency fund and we max out 401k contributions, which
0:19.6	is awesome.
0:21.2	But we have a hard time spending for enjoyment.
0:24.1	Is this a common problem you see with your clients and you have any advice?
0:29.4	You know, is it a common problem?
0:32.5	Yes, absolutely.
0:33.7	One of the hardest things is when you are a financial mutant, you are naturally just
0:40.3	hardwired to be a saver and to squeeze and to be tight and to be frugal.
0:46.2	And so it's really difficult to shift that.
0:48.0	I mean, one of our favorite, you know, people think that financial advisor is one of the
0:50.8	things we always try to do is tell people, save more money, save more money, save more
0:54.3	money.
0:55.3	Oh, yeah, I hate you.
0:56.3	I'm of your right and favorite.
0:57.3	Keep going.
0:59.3	I mean, we literally use the same language.
1:01.4	Keep going.
1:02.4	They think that we want to take a say and we do.
	...

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