What to Do When the Stock Market Get Scary
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 9 February 2018
⏱️ 56 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | Crazy markets. That's what we've had the last few days. So how did you handle it? |
| 0:04.0 | Were you looking for a bug out bag or were you really like, hey, maybe this is an opportunity? |
| 0:08.9 | Tune in today and we're going to help you navigate those crazy financial storms. |
| 0:13.5 | It's Brian Preston, the money guy, restoring order to your financial chaos, |
| 0:19.4 | retirement, investing, taxes. You've got financial questions. He's got financial answers. |
| 0:25.8 | It's Brian Preston, the money guy. |
| 0:29.2 | So, but fun exercise. Okay. I like exercise. It sounds like it's right at my alley. |
| 0:35.3 | All you have to do, I could have done this with Google, probably YouTube, but I did it on Amazon. |
| 0:40.4 | I just went on Amazon, typed in bug out bag. Do you even know what a bug out bag is? |
| 0:44.4 | You know, I hear you say that term a lot and I think based on context clues I get there, |
| 0:48.5 | but I'm not familiar with it. I don't know if it's because my wife likes like secret agents, |
| 0:52.4 | like we always go those movies or whatever, but it's for all guys who are like special ops or |
| 1:00.9 | spies or whatever. They got bug out bags so that when they get the call, they can be called |
| 1:06.1 | when they either go underground or they just need to leave town. They got a bag. |
| 1:11.1 | I guess you just had a baby, so it's not too different from you and your wife putting together a |
| 1:15.6 | bug out attorney bag. Yeah, like what is go time? It's time to go. |
| 1:18.9 | You're right. You're right. Well, so if you go on Amazon and type in bug out bag, it's crazy |
| 1:24.6 | that immediately at the very top, Amazon will have a whole section saying, are you prepared for |
| 1:31.2 | emergencies and you can literally get a premium family emergency survival bag for 72 hours of |
| 1:38.4 | disaster preparedness for $260.19.19 if you don't want the premium one. I guess that means that |
| 1:44.8 | your rations, you don't get peanut butter or if a lunch. You get you get you get ramen noodles. |
| 1:49.5 | I don't know what the difference is between these, but it brings a great point. We had a market |
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