What Should You Do When You Start Making More Money?

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

🗓️ 21 November 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Does the Financial Order of Operations look any different when you're earning a higher income? We'll walk you through that question and more in today's Q&A episode! Check out our NEW course, Know Your Number! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok 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,
0:07.2	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.
0:16.0	And now we're going to jump into answering your questions, whether it's about high interest
0:20.5	debt or student loans or about investing or any type of personal finance question you
0:24.8	have.
0:25.8	We're going to put in the chat on YouTube or Facebook and we are going to answer a slew
0:30.9	of them right now for you.
0:32.8	You ready to jump in?
0:33.8	I'm ready.
0:34.8	Let's do it.
0:35.8	All right.
0:36.8	The first one is going to kind of help apply some of the concepts we talked about, right?
0:39.2	Juliette, she says, I'm 25.
0:41.7	I'm making 104K a year.
0:44.3	I currently have 15,000 in student loans and then theoretically 5,000 after the relief.
0:50.3	So should I prioritize paying off the loan before January when it starts getting interest
0:55.0	again?
0:56.0	Her interest is 4%.
0:57.0	Okay.
0:58.0	What do you think?
	...

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