Top 4 Financial Mistakes We Saw This Year! (2022)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 25 November 2022
⏱️ 32 minutes
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Summary
Transcript
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| 0:00.0 | Four big mistakes we saw this year. |
| 0:02.4 | It's Brian Preston, the Money Guy. |
| 0:05.6 | Restoring order to your financial chaos. |
| 0:08.6 | Retirement. Investing. Taxing. |
| 0:11.3 | You've got financial questions. He's got financial answers. |
| 0:14.9 | It's Brian Preston, the Money Guy. |
| 0:18.3 | That's right, Brian. I'm excited to share this because hopefully if we can share some of the mistakes that |
| 0:22.9 | we've seen people make this year with you, we can prepare you to likely not make these |
| 0:27.9 | mistakes moving forward. |
| 0:29.1 | Well, look, let's not take away that this year, 2022 has been a very unique year in the fact |
| 0:34.6 | that we've actually had a bear market. |
| 0:36.6 | Fortunately, bare markets |
| 0:38.6 | only come around typically around two times every decade. And we're dead slap in the middle |
| 0:44.4 | of it right now. So let's talk about what are these four financial mistakes and how can you |
| 0:50.4 | equip yourself to know if you start feeling like you want to move in this direction, |
| 0:55.0 | you can avoid. And the first one is probably no surprise, but I think it's going to hit |
| 0:59.2 | close to home for a lot of folks is going to cash. By the way, this is an interesting one to |
| 1:05.2 | bring up because everybody who's done this, they're like, wait a minute, I thought this show |
| 1:08.8 | was the mistakes we saw. And right now, |
| 1:10.9 | you're feeling pretty good about yourself. But I'm telling you, if we fast forward five years |
| 1:17.5 | in the future, you're going to look back and go, wait a minute, why was I in cash? Because it is right now |
| 1:22.3 | a very prideful moment that everybody's in cash is probably feeling really good about the fact that |
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