Money Guy Show

Today’s episode of The Money Guy Show is inspired by a listener question.  This listener wrote in to the show and asked us what advice we wish we knew as a teenager, because she is a youth group leader working closely with young adults. And what a great question this is! So, we’re shifting today’s episode to speak directly to our teenage listeners and parents with teenagers. Even if you aren’t in this group of listeners, there are still plenty of useful and timeless tips we share to help set you up for financial success. For more details, visit the show notes on our website:  https://www.moneyguy.com/financial-advice-teenager Learn more about your ad choices. Visit megaphone.fm/adchoices

We have a special show for you this week with a very special guest: Dr. Sarah Stanley Fallaw, Ph.D. Dr. Fallaw is the founder and President of DataPoints LLC, a company that provides scientifically validated, automated behavioral finance tools to the financial services industry. DataPoints created the industry's first biodata-based, predictive assessment of individual propensity to build wealth. She is the co-author of The Next Millionaire Next Door, a new edition to her father Dr. Thomas Stanley’s original text The Millionaire Next Door. Dr. Fallaw joins us to share her research on what the portrait of today’s millionaire looks like. She reveals the psychological and behavioral side of financial planning. Tune in to find out how the way people think about and react to money correlates with their ability to build wealth. For more details, visit the show notes on our website:  https://www.moneyguy.com/2018/11/become-next-millionaire-fallaw/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Hey Money Guy Show family! We’re back with a second episode on how you can plan for your next magical Disney World vacation. We did a similar show two years ago (Maximizing the Magic: All the Ways You Can Save Money at Walt Disney World) and are back with even more tips and tricks you can use to help you make the Disney magic go further. Brian just returned from a family vacation to Disney World in mid-October and has fresh and new ideas to share with you. When a Disney World vacation can easily cost you thousands of dollars, it’s vital to get the most from your Disney experience. Tune in to this week’s mini-episode of the Money Guy Show to get new Disney World planning tips, money savings tactics, and exciting park updates. For more details visit the show notes on our website: https://www.moneyguy.com/2018/10/walt-disney-world/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s episode of The Money Guy Show, we take a closer look at Sarah Stanley Fallow, Ph.D.’s new book The Next Millionaire Next Door, Steven Covey’s 7 Habits of Highly Effective People, Tom Corley’s 9 Habits of Highly Successful People, and Tony Robbin’s How to Establish Joyful Habits. What we found is that there are certain habits and behaviors that show up again and again that correlate with success. Be sure to tune in as we explore the habits and choices that millionaires make that contribute to their financial well-being. Also, if you haven’t done so already be sure to subscribe to our mailing list so that you get access to special show giveaways. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/10/financial-success-habits/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s mini-episode of The Money Guy show is a compilation of road shows we put together for our #AskTheMoneyGuy series.  In today’s listener-inspired episode, we cover a question we get all the time that we didn’t realize would come up as often as it does and that is how to become a financial advisor. This one is near and dear to our hearts as financial advisors ourselves and a question we’re happy to answer in this week’s installment of The Money Guy Show. Be sure to join us on the road this week as we talk about how to become a financial advisor. For more details, visit the show notes on our website:  https://www.moneyguy.com/2018/10/how-to-become-a-financial-advisor/ Learn more about your ad choices. Visit megaphone.fm/adchoices

So much is made about this tool of asset management, but how much does the average investor actually know? As a brief overview, rebalancing is getting your investment allocation to the appropriate target.  For example, if your portfolio is comprised of 60% in risk assets (i.e. stocks) and 40% in conservative assets (i.e. bonds) and one piece of that moves differently and throws the balance off, rebalancing helps to get you back to your original allocation. In the simplest form, rebalancing buys the assets that have gone below the allocation threshold you would like to be at and sells the assets that have gone over. And you rebalance so that you can maintain the appropriate level of risk in your portfolio and to help stay on track to reach long-term financial goals.  But what does the research say about rebalancing? And what is the common sense approach when it comes to this tool? Tune in to this week’s episode to hear us dive into the nuts and bolts of rebalancing and how you can use it in your financial life. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/10/a-different-take-on-rebalancing/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Hey Money Guy Show Family! Cash is making money again. That’s right. Times are changing and you can generate income from cash again. (Seriously) The Great Recession (2008-2009) slashed interest rates and they were in a free fall sitting on the bottom at 0.5% for the better part of a decade. Now, cash is making a comeback and it can yield over 2% today in high-yield savings accounts and over 2.5% in a 1-year CD and 3% for longer term CDs. We’re at the point now where we all should start paying attention to cash as an asset class that can yield a return and what you can do about it. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/10/cash-is-making-money-again-here-is-what-it-means-for-your-wallet/ Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a special episode of The Money Guy Show with special guest Fritz Gilbert of The Retirement Manifesto. Fritz joins us in this episode to share his personal experience of transitioning to retirement with plenty of actionable takeaways for The Money Guy Show audience. The transition to retirement can be a smooth one if you are prepared and planned accordingly. The earlier you start planning for retirement, the better. Our guest Fritz is just one (powerful) example of how effective financial planning can be to help you reach you financial goals and, ultimately, financial freedom. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/09/surviving-and-thriving-in-the-transition-to-retirement-with-fritz-gilbert/  Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a whole industry on avoiding estate taxes. Should I use whole life insurance to avoid estate taxes? Tune in to this week’s mini-episode of The Money Guy Show as we discuss how whole life insurance is being used for estate planning. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/09/use-whole-life-insurance-to-avoid-estate-taxes/   Learn more about your ad choices. Visit megaphone.fm/adchoices

Unfortunately, there are quite a few products, services, and straight-up rip-offs that you need to be aware of so that you can decide what is appropriate and what will detract from your financial vision. It’s sometimes difficult to tell the difference between useful investment or expenditure and the equivalent of lighting your money on fire. This show is also stocked full of useful and surprising information that you may not have been aware of. Even if you are a Money Master, there are nuggets of information you can share with your tribe. Be sure to tune in as we share our thoughts on the worst financial rip-offs so you can determine if they are useful to you or if you should steer clear. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/09/the-worst-financial-rip-offs-and-how-to-avoid-them/   Learn more about your ad choices. Visit megaphone.fm/adchoices