“Those Who Spend Too Much Will Eventually Be Owned by Those Who Are Thrifty”

Money Guy Show

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

Education, Business, Investing

4.7 • 3.1K Ratings

🗓️ 14 May 2010

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's show is about debt, plain and simple. It builds off of two shows we did last year titled "Legacy of A Generation...Not the Millionaire Next Door" and "Bringin' Simple Back". Our hope is to bring attention to the destructive nature that debt can have and potentially come up with solutions before we... 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, taxing.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:15.6	Wow, what a difference a week can make.
0:17.8	Can you guys believe what happened last week?
0:21.2	It was one of those interesting times that I can remember that I was sent in and one of
0:26.5	our office mates here owns a business and he's also a client and we were in there just
0:31.2	talking with him, bowing myself and I looked up at the TV screen and saw that the Dow Jones
0:36.2	was down close to 700 points and I think I pretty much went pasty white and said, guys,
0:42.2	I've got to go back to the office and figure out what's going on.
0:45.5	Bowie were there, it was kind of a crazy, crazy feeling when the market did what it did
0:49.2	last week wasn't it?
0:50.2	It didn't seem real, it seemed like we were watching a horror movie or something that
0:53.6	didn't, I don't know, it just didn't seem like that was really happening because we
0:58.8	walked out of our office and it was a bad day down 200, 300 points but then we looked
1:03.9	up the TV and it's down 600, 700, 800.
1:06.3	Well, that kind of that and a letter I received from Wells Fargo this week has kind of been
1:11.3	the motivation for doing this week's show.
1:13.3	Let me go ahead and back up and tell you this is the money guy show.
1:16.0	I'm your host, Brian Preston, along with my trusted associate, Bo Hanson.
1:20.6	If you want to go check out our show notes, you can go to money-guy.com.
	...

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