The Money Guy Show | Investing, Tax, Estate, Retirement, Insurance, Spending, Saving, And Wealth Building Advice

When it comes to investing, do you ever find yourself reacting to the media headlines? If you spend even one day listening to financial news updates, you could be convinced that you need to do something drastic to combat the doom and gloom that's perpetuated by industry 'gurus.' Fear is often the driving emotion behind bad financial decisions, and we don't want you to total your financial life because of such peer pressure. You (and any other investor) are told on a daily basis by the financial media to follow the herd and invest your money in this or that, or worse... sell when things seem scary. In this week's episode, we talk about how even when there's good news the media somehow wraps it up in negativity. Don't be misled in your financial life. For more details visit our show notes on our website: https://www.moneyguy.com/2018/07/when-you-invest-following-the-crowd-can-be-dangerous/  Learn more about your ad choices. Visit megaphone.fm/adchoices

What's the difference between a traditional (pre-tax) IRA and a Roth IRA? We have your answers in this week's short episode of The Money Guy Show. While this is foundational financial advice, we share advanced skills you won't want to miss.    For more details, please visit the show notes on our website:  https://www.moneyguy.com/2018/07/401k-vs-roth-which-is-better/  Learn more about your ad choices. Visit megaphone.fm/adchoices

If there was a way for you to become a tax-free millionaire, do you think that would be something you'd want to know about? The good news is that there is a retirement vehicle that was designed to incentivize Americans to save toward retirement by allowing assets to grow tax-free, and it's known as a Roth IRA. You may be familiar with what a Roth IRA is but do you know all the reasons that make it such an amazing component to your overall retirement strategy? You're in luck because in this week's episode of The Money Guy Show we share why Roth IRAs were created and how you can use them to gain the highest benefit. For more details visit the show notes on our website: https://www.moneyguy.com/2018/07/how-to-be-a-tax-fee-millionaire/  Learn more about your ad choices. Visit megaphone.fm/adchoices

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

Have you ever wondered if you should buy whole life or term insurance? Tune in to this week's mini-episode of The Money Guy Show as we review the two different types of life insurance policies and what you need to know about them both.   For more details, please visit our website for show notes: https://www.moneyguy.com/2018/05/what-you-need-to-know-about-whole-life-vs-term-insurance/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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

In this week's episode of The Money Guy Show, we share the wealth-building habits by age that can put you on the path to Millionaire status. Tune in to find out how to dial-in your money mindset in each decade of your life, and what financial matters you should be most focused on as you progress through the years. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/04/millionaire-habits-by-age-how-to-become-a-millionaire/ Learn more about your ad choices. Visit megaphone.fm/adchoices

If you've come into some money, how should you invest it? Lump sum or dollar-cost average? Tune in to this week's episode of The Money Guy Show to find out how each investment strategy works and how to assess which one is right for your specific situation. For more information, visit the show notes on our website:  https://www.moneyguy.com/2018/04/how-to-know-if-you-should-invest-in-a-lump-sum-or-dollar-cost-average/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's installment of The Money Guy Show, we break down how you can inoculate yourself against the temptation to try to keep up with the proverbial Joneses. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/04/the-truth-about-keeping-up-with-the-joneses/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's episode, we talk about ways you can align your Army of Dollar Bills with a heart of giving. Being generous and minimizing your taxes can go hand-in-hand if you are thoughtful with the way you give. Tune in to this week's episode to learn how you can maximize charitable donations under the 2018 tax changes. For more information, please visit our show notes on our website:  https://www.moneyguy.com/2018/03/how-to-maximize-your-charitable-giving-under-2018-tax-changes/   Learn more about your ad choices. Visit megaphone.fm/adchoices

Credit cards, if used responsibly, can be a great financial tool to help your Army of Dollar Bills go further for the purchases you make. It's been quite some time since we covered the topic of credit cards, so tune in this week as week revisit this important financial subject. In this episode, we review how to use credit cards to your financial benefit and look at the different types of rewards programs in depth. For more information, please visit the show notes on our website: https://www.moneyguy.com/2018/03/how-to-get-the-most-from-your-rewards-credit-cards/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Mutual funds. Many people use them as part of their long-term investment strategy, but how do you pick which mutual fund is right for you? Don't miss this week's 10-minute episode where we share the two ways you can buy mutual funds and trends you should watch for as an investor with choices. For more details, visit the show notes on our website: https://www.moneyguy.com/2018/03/unbelievably-useful-tips-for-buying-mutual-funds/ Learn more about your ad choices. Visit megaphone.fm/adchoices

For anyone who has listened to The Money Guy Show for a while, you know how much we love our annual tradition of reviewing Warren Buffett's yearly letter to Berkshire Hathaway shareholders. Make sure you tune in to this episode to hear us extrapolate the financial insights that apply to all investors. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/03/warren-buffets-top-investing-strategies-annual-letter-highlights/ Learn more about your ad choices. Visit megaphone.fm/adchoices