meta_pixel
Tapesearch Logo
Log in
Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 3 July 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

Is it ever okay to spend more than we recommend on a car? If so, how does luxury car-buying look for a financial mutant? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

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.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.