Money Guy Show

Tune in to this week's episode of The Money Guy Show as we discuss the sport of timing the market and what investors need to keep in mind. While we may enjoy speculating about what could happen, it's important to remember that no one can predict the future and that includes the financial future. Find out just how harmful it can be to investors when investment advisors and media personalities peddle predictions.  Learn why your investment decisions should instead be based on your individual circumstance, risk management, as well as on valuations of asset classes and companies. For more details, please visit the show notes on our website:  https://www.moneyguy.com/2018/06/timing-the-market-can-experts-be-trusted/  Learn more about your ad choices. Visit megaphone.fm/adchoices

This week's episode is the second installment of The Worst Mistakes You Could Make With Your Money. Last week, we addressed money mistakes to avoid in your 20s and 30s. This week, we share the money moves that are important to make in your 40s, 50s, and 60s. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/06/the-worst-mistakes-you-could-make-with-your-money-part-2/ Learn more about your ad choices. Visit megaphone.fm/adchoices

There is an old saying that goes something like, "Mistakes are the best teachers." And while this is undoubtedly true, perhaps we can all agree that learning from other people's mistakes when it comes to our finances is way better than making them ourselves. In this week's episode of The Money Guy Show, we're doing just that! We are peeling back the curtain on the worst possible mistakes you could make with your money so that you can hopefully avoid making them in your own life. Heed the warnings of those who have stumbled before you so that your path to financial independence can be smoother sailing. For more information, please visit our show notes on our website: https://www.moneyguy.com/2018/06/the-worst-mistakes-you-could-make-with-your-money/ Learn more about your ad choices. Visit megaphone.fm/adchoices

If you are interested in lowering your auto insurance bill and monthly premiums, then you'll want to tune in to this week's episode of The Money Guy Show. We share how you can save money and keep yourself protected.   For more information, please visit the show notes on our website: https://www.moneyguy.com/2018/06/9-ways-to-lower-your-auto-insurance-bill/ Learn more about your ad choices. Visit megaphone.fm/adchoices

When is it OK to spend money? It's very common for people who prioritize building wealth to shudder at the notion of spending it. After all, we as a tribe have self-selected out of this culture of consumerism and embraced a lifestyle of forced scarcity to help us reach financial goals and, ultimately, financial independence. But spending money isn't inherently bad. In fact, once you get to a place where your net worth is increasing faster than your income, you have likely reached a critical tipping point in your financial journey that allows you to start making a transition from saver to spender. Tune in to this week's episode of The Money Guy Show as we give you clear direction on what, when, and how you can spend better and still stay on your path to building lasting wealth. For more detail, please visit our show notes on our website:  https://www.moneyguy.com/2018/06/what-wealthy-people-know-about-spending-money/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Why are Americans broke? On May 15, 2018, Charles Schwab released their second annual Modern Wealth Index Assessment for 2018. What this report revealed is that Americans have some work to do to rightsize their finances. What was even more interesting, is that this Wealth Index Assessment identified the primary contributing factor as to why Americans aren't better off financially. Tune in to today's episode to find out why Americans are broke and what you can do to build wealth. For more details, please visit our website for the show notes:   https://www.moneyguy.com/2018/05/why-are-americans-broke   Learn more about your ad choices. Visit megaphone.fm/adchoices

We have an entirely different type of show for you today! Join Brian and Bo as they take you on a trip in Brian's Tesla Model 3. Yes, you heard that right, Brian and Bo take this week's show out of the studio and on the road. You'll want to watch this week's episode on YouTube if you can. This episode is part Tesla review, part car industry overview, and part how electric vehicles impact personal finance. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/05/why-the-tesla-model-3-is-the-best-car-this-year/ For the video, please visit our YouTube channel: https://youtu.be/uS9t9tb43Ts Learn more about your ad choices. Visit megaphone.fm/adchoices

Explore the key differences between whole life and term insurance. Learn how recent tax reforms affect personal insurance needs and why aligning your policy with financial goals is crucial. Discover the benefits of term insurance for those nearing financial independence and the importance of seeking professional advice. Dive into the implications of each type of insurance on your financial strategy!

Part of what goes into making smart money choices is understanding your investments, how they work, and what impacts how they perform. That is why we take a deep dive into investments and share the fundamentals of what investors should know about stock valuations. In this show, we cover what drives the stock market's ups and downs, how you can measure how you're doing with your investments, and the common investing mistakes to avoid.   For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/05/why-do-stocks-go-up-and-down/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Should you have a Health Savings Account (HSA)? Fidelity estimates that people 65 years of age till death will require $275,000 to cover medical care costs in retirement. That can leave many of us wondering how to plan and prepare for having that sum of money ready for future healthcare costs. Fortunately, there is a financial tool that may just be the answer for saving toward healthcare costs in retirement.   For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/04/mind-blowing-benefits-of-health-savings-accounts/ Learn more about your ad choices. Visit megaphone.fm/adchoices