Money Guy Show

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 aver...

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

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 fi...

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

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/ Learn more about your ad choices. Visit meg...

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! Learn more about your ad choices. Vis...

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 pas...

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! Learn more about your ad choices. Visit megaphone.fm/adchoices

Here's exactly what a millionaire looks like. The 2021 Money Guy Survey has officially wrapped and we're sharing the results in this episode. We surveyed our Abound Wealth clients who have reached millionaire status (and beyond) to help you better understand who they are, what steps they took to reach their first $1 million, and the common mentality that drove each one of them to financial success...

Poor... not exactly the outcome most folks are going for! But are you doing any of these five things that keep you from building wealth? We get that living for the moment is fun, but what if you didn't have to trade your financial security for it? Join us for this week's show where we name the five ways you're keeping yourself poor and how you can build lasting wealth instead. Learn more about you...

This episode will help you transform your finances using real life advice from a billionaire! Each year, Warren Buffett writes an annual letter to shareholders, reflecting on the past year and commentating on his journey to financial abundance. Once again, 90-year-old Warren drops BOMBS, and he does it with remarkable simplicity! We'll show you the best takeaways from the letter and how to apply e...

Inflation is a hot topic in the financial world right now. Our YouTube comment section attracts nay-sayers, claiming that the money we want you to invest today will not be worth as much in the future due to inflation. Let's address this! What is inflation? Why is it concerning? What action items should you take to protect yourself from it? We unpack it all in this episode.  Learn more about your a...

Pull up a seat for this special episode of The Money Guy Show! Rebie joins Bo to share some of the biggest financial mistakes she's made in her 20s and what she learned. From buying a car to getting married and buying her first house, find out what Rebie got right and what she got wrong when it came to her finances. These are lessons everyone can learn from! Learn more about your ad choices. Visit...

Let's break down how The American Rescue Plan Act of 2021 will affect YOUR finances. Learn more about your ad choices. Visit megaphone.fm/adchoices

Life is a collection of big decisions and trade-offs that can have a significant impact on your life. Strong goals are what keep you on the path that will get you where you want to go. Goals function as our "why." They are a grounding force, helping us make big and small decisions. We've experienced this in our own lives. Now we're sharing our secrets with you! Accomplished goals are the secret to...

Even people with a lot of money are in danger of going broke. There's a big difference between being "rich" and "wealthy." Is your cashflow high, but your net worth statement low? Do you own your life, or are you do you find yourself, like the man in one of our favorite commercials, "in debt up to your eyeballs"? This episode will show you the fascinating statistics behind the broke high-income ea...

A paper found that young adults don't need to start saving for retirement until age 40. The study is based on "total life satisfaction" rather than savings. But, hang on. Let's take a closer look at this and see what actually happens if you wait until 40 to start saving. Who do you think would be more miserable? The person who starts saving before age 40 or the person who doesn't...? We'll break i...

If you interact with any other human beings, you are involved in negotiations! At its heart, the art of negotiation is an interpersonal skill that can not only help you save money, but can make you a better friend, co-worker, partner, or boss. Too often we think one person wins and the other loses when negotiating. That is not the case! It is all about setting aside your own desires long enough to...

Tax evasion is illegal, however, tax avoidance is highly encouraged. Roth accounts provide an outstanding opportunity for tax advantaged retirement savings and wealth building. This powerful investment vehicle was created to encourage everyone to save for retirement and see the beauty of investing in their financial future. This episode will teach you exactly how to take advantage of this opportun...

No one wants to be fooled. Unfortunately, there are many popular financial products that seem like a good idea, but can actually derail your financial plans and cause you to miss out on true wealth building opportunities. Truly wealthy, secure people know how to tell which financial investments are worth it and which are too good to be true. In this episode, we'll teach you how to tell the differe...

It's not always about how much money you make. It's about how much money you keep. We often share strategies on how to build wealth and reach your first million, but are you equipped to hang onto it in the long-run? This episode lets you learn from our experience with high income individuals. Some have kept their wealth, building it for the long-term, while others have fallen into common, but dang...

GameStop, GameStop, and more GameStop! What in the world happened? Unless you've been living under a rock, that's all anyone has been talking about for the past week. And many people still have no clue as to what is going on, so that's where we come in. We're breaking down the entire GameStop situation and giving you some tips and tricks to apply to your personal finances as well. Learn more about...

Are you ready to start winning at money and life? We gathered all of the financial and life advice we've read and experienced over the years and put it into one episode! For more information, visit: https://www.moneyguy.com/2021/01/10-truths-about-winning-in-life-and-with-money-yes-youre-doing-it-wrong/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial success doesn't have to be rare. By teaching the younger generation basic principles of compounding interest and money management, we can equip each and every one of them to become multi-millionaires by the time they retire. Our message to young savers (from small children to young adults) is this: wealth creation is surprisingly simple, but it's not easy! This episode will show you how...

Our view of Bitcoin is evolving and your input has helped. Fans of the show have been asking what we think of Bitcoin for 2021. Here's what we think of Bitcoin as an investment, how you should think of it in the context of your total investment portfolio, and how to use it. Learn more about your ad choices. Visit megaphone.fm/adchoices