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Money Guy Show

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

Investing, Education, Business

4.73.1K Ratings

🗓️ 21 February 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

People can get nervous about where to invest their money - so should you think about investing in gold, bitcoin, or other alternatives? We'll walk you through that question and more in today's Q&A episode! Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. 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,

0:07.0

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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