Where Should You Keep Money During Risky Times?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 21 February 2022
⏱️ 29 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:07.0 | investing, taxes. |
| 0:09.0 | You've got financial questions, he's got financial answers. |
| 0:12.6 | It's Brian Preston, the money guy. |
| 0:15.4 | All right, Brian, here's another question. |
| 0:17.7 | This is from Matt Demand. |
| 0:20.8 | Matt Demand says, hey, money guys, in my late 20s and just bought a house, my spouse wants |
| 0:27.1 | to pay more and more, get to pay it off earlier, but I want to make sure to get to the 25%. |
| 0:33.0 | What is the best option for my age group? |
| 0:36.2 | And then Matt said he is in his late 20s. |
| 0:39.0 | He is a spouse as a disagreement. |
| 0:41.0 | How you reckon, what won? |
| 0:42.6 | What's the right answer? |
| 0:43.8 | And then too, how do you reconcile this between spouses? |
| 0:47.0 | Oh, Matt, you came to the right place because I'm going to, you can even just show this |
| 0:51.8 | video because I mean, it is one of the things because I think that both of you, by the way, |
| 0:56.2 | should be commended for having the mindset of wanting to get debt paid off, but also |
| 1:00.7 | you're thinking about how do we create the best opportunity or maximize through incremental |
| 1:06.0 | decision making. |
| 1:07.0 | But let me give you the why and why I think we're unique in the fact that we account for |
| 1:12.5 | how valuable dollars invested at a young age are in comparison to the interest rates |
| 1:18.8 | you're paying. |
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