Top 3 Money Traps to Avoid By Age!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 28 February 2020
⏱️ 53 minutes
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Summary
Transcript
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| 0:00.0 | Three money traps to avoid by age. |
| 0:04.1 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:11.2 | investing, taxes. |
| 0:13.3 | You've got financial questions, he's got financial answers. |
| 0:16.9 | It's Brian Preston, the money guy. |
| 0:19.5 | Yeah, Brian, I think it's so interesting. |
| 0:21.7 | You know, this show, it kind of came about organically, you know, as we were sitting around |
| 0:26.0 | as a content team, talking about, you know, what are some things that we see and that |
| 0:29.9 | we notice out there, we started kind of telling some stories. |
| 0:32.6 | And as we were telling the stories, we started seeing some common themes be laid over |
| 0:37.3 | while, you know, this stuff is good because if we could, if we could educate people on |
| 0:41.7 | some of these things that they should be aware of, some of these traps they should recognize, |
| 0:45.8 | it will set them up to be better consumers moving forward. |
| 0:48.9 | Yeah, I want to essentially, I want to, I want to, essentially, to knock you late everybody |
| 0:52.1 | to some of the tactics, the tricks, the manipulations that sales professionals use against you. |
| 0:58.1 | And then we hit us while we were kind of talking about this and going through because |
| 1:01.1 | we came up with originally five, then we figured out some of these were related really |
| 1:05.3 | to three things. |
| 1:07.2 | So we brought it down to three, but then we were like, we're like, this every age is different |
| 1:12.0 | because in your 20s, as we'll get into, they appeal to your emotion of pride that you |
| 1:17.1 | deserve this year at this point. |
| 1:18.8 | But when you get older, they try to scare you to death with fear. |
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