Money Guy Show

Latest Episodes:

Is $1,000,000 Enough to Win Financially? May 07, 2021

Show notes

Anyone can build wealth. It's not always easy, but that simple belief motivates us to teach smart financial strategy to everyone who will listen. We love revealing how the power of compounding interest can turn you into a millionaire, as illustrated in our Wealth Multiplier.

But what about inflation? What about people in high cost of living areas? What about the uncertainty of social security? Without fail, we have naysayers bringing up these questions and more, saying that $1,000,000 does not count as financial success.

Let's take an honest look at the naysayers' perspective - what should we consider and where do they go wrong? Ultimately, we'll make sure these fears don't knock you off track from achieving your financial potential!

For more information, visit: https://www.moneyguy.com/2021/05/is-1000000-enough-to-win-financially/(opens in a new tab)

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What Age Should You Retire? May 05, 2021

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What are some of the things you should think about when you're selecting when you want to retire? And should you prioritize a Roth IRA or an HSA first?

We'll walk you through these questions and more in this week's Q&A episode!

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Average 401(k) Balance by Age (2021 Edition): Are You Behind? Apr 30, 2021

Show notes

It's shocking that 35% of American employees are leaving free money on the table by not getting their employer match. 401(k) accounts tend to hold the largest amount of assets in the average portfolio. In fact, 80% of millionaires invested in their 401(k) match and many credit this account as being a huge catalyst to reaching their first $1 million.

How does your 401(k) balance compare to the average American? This episode helps you discover not only how powerful this wealth building tool can be, but gives benchmarks for where most people are and where you should be in your 20s, 30s, 40s, 50s, and beyond!

For more information, visit: https://www.moneyguy.com/2021/04/average-401k-balance-by-age/

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Is the Financial Institution Against You? Apr 28, 2021

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We were recently sent an article called, "It’s Not What You Earn, But What Your Parents Have that Truly Counts." So... if your parents weren't rich, should you stop expecting to have wealth? Is there data to support this claim? Join us in this episode to hear our (very strong) opinions on this article, then we'll answer your questions!

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Stock Market is at an All-Time High! - Should You Be Worried? Apr 23, 2021

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It's difficult to ignore market volatility. News about its rise and fall gets plastered on every news and media outlet. Many will even tell you what you should feel about it and how that emotion should affect your financial decisions.

So, what's really going on with the stock market right now? Does the recent volatility and current all-time high mean we should be worried? How can we protect our finances and stay secure in the event of downturn? This episode unpacks all of these questions and more.

For more information, visit: https://www.moneyguy.com/2021/04/stock-market-is-at-an-all-time-high-should-you-be-worried/(opens in a new tab)

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When Should You Chase Your Dream Job? Apr 21, 2021

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Should you go after your dream job when you're younger, or wait until you have a stable income and then chase that dream job? And when should you prioritize paying off your mortgage?

We'll walk you through these questions and more in this week's Q&A episode!

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Average Debt By Age (How Do You Compare Against Normal Americans?) Apr 16, 2021

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In this episode, you'll learn:

How to protect yourself from getting trapped in too much debt
How to avoid the biggest debt pitfalls at every age
Healthy ways to approach big sources of debt like mortgages, auto loans, and student loans
How you measure up to your peers

For more information, visit: https://www.moneyguy.com/2021/04/average-debt-by-age-2021/

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Where Can You Find Investing Advice You Can Trust? Apr 14, 2021

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Where did you first learn how to invest? Who explained the power of compounding interest and the discipline of living on less than you make? In today's episode, we're breaking down a recent survey revealing where the majority of investors get their investment advice. We'll share our thoughts on these sources and explore how to tell if a source is trustworthy!

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Top 5 World's Strangest Investments You Need to Avoid! Apr 09, 2021

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Understanding history can keep you protected as you move into your future.

After years of working in the financial space, we see trends in the investment world. With a desire to build wealth fast and a fear of being left behind, we've watched the public jump on the latest investment trends, often leading to severe disappointment. When one financial frenzy or "hot dot" investment fades into the past, a new trend never fails to replace it.

What causes these financial frenzies, what can we learn from them, and what might that "hot dot" investment be today? Let's learn to recognize these bubbles, both past and present. Your wallet will thank you.

For more information, visit: https://www.moneyguy.com/2021/04/worlds-strangest-investments-you-need-to-avoid/(opens in a new tab)

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Should I Invest or Put More Down on My House? Apr 07, 2021

Show notes

When should you start working with an advisor? And how much should you be investing when you're saving for a house?

We'll walk you through these questions and more in this week's Q&A episode!

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