When Is It Okay to Spend More on a Car?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 3 July 2023
⏱️ 26 minutes
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Summary
Transcript
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| 0:00.0 | J.K. has a question. |
| 0:09.0 | J.K. |
| 0:10.0 | He says, should each step of the food be hyper focused? |
| 0:14.7 | For example, can you split your money between steps four and five, or should you just |
| 0:19.7 | hyper focus on four and then hyper focus on five? |
| 0:23.7 | Is there ever a time where you're kind of like in between the steps? |
| 0:27.1 | What do you think? |
| 0:29.5 | Yes, yes, but you have to know which steps it's okay to hyper focus on. |
| 0:35.7 | And this is what I mean. |
| 0:36.7 | Step four, fully funded emergency reserves. |
| 0:39.4 | It's not uncommon for some of us to have emergencies happen. |
| 0:42.5 | And so we have to tap into that. |
| 0:44.5 | By the way, you want to show them the thing, Brian? |
| 0:46.0 | If you don't know, we're talking about the listeners. |
| 0:48.0 | They told me they get it now. |
| 0:49.0 | They get it. |
| 0:50.0 | When they hear that, when they hear the sound effect, they know that I'm talking about the financial order. |
| 0:54.7 | So you can go to moneyguide.com slash resources, download your free deliverable. |
| 0:59.6 | Step four is a fully funded emergency fund. |
| 1:02.1 | Well, it's not uncommon emergencies happen. |
| 1:04.1 | And we have to go dip into that. |
| 1:05.4 | And so one of the things we naturally have to do is begin to build that back up. |
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