Brian Preston (Money Guy Show): Financial Order of Operations

Brian Preston, from The Money Guy Show, shares his famous Financial Order of Operations!

CHAPTERS
0:00 Intro
0:24 First Order of Operation
1:34 Employer Match and High Interest Debt
3:23 Emergency Reserves
5:02 Roth and HSA
7:08 Maxing Out Your Retirement
8:18 Hyper Accumulation
9:39 Prepaid Future Expenses
10:56 Coast FIRE's Concept
13:50 Low Interest Debt

#BrianPreston #MoneyGuyShow #FinancialOrderOfOperations #Investing #FamilyFinance #PersonalFinance

RESOURCES

GUEST BIO - Brian Preston

Brian Preston, CPA, CFP®, PFS - Brian is founder of Abound Wealth Management and host of The Money Guy Show. Brian is a 3rd generation educator, and this desire to create educated clients led to the award winning podcast and YouTube channel. He has been broadcasting for over 15 years. When not helping clients reach success with simple, smart strategies, Brian loves spending time with his wife, Jennifer, and their two daughters in Franklin, TN.

OTHER VIDEOS TO WATCH

Brian Preston (Money Guy Show): Don't Pay Off Your Mortgage (Yet!)

10 Incredible Benefits of a Paid Off House

The Disadvantages of Paying Off Your Mortgage

MARRIAGE KIDS AND MONEY:

This award-winning blog, podcast and YouTube channel are dedicated to helping young families build wealth and thrive. Each week, Andy Hill interviews personal finance experts, families who've achieved financial independence and debt-free young parents.

BIO - ANDY HILL:

Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.

Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.

When he's not ""talking money"", Andy enjoys watching his kids play soccer, singing karaoke with his wife and watching Marvel movies.

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DISCLAIMER
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.


CREDITS

Video Editing: Andy Hill
YouTube Channel Management: Kayli Groves

[sydney]

27 and currently working on Step 5 🥰 Learning all of this has hugely changed my mindset on “needing” a new car, “needing” new clothes all the time, “needing” to eat out.

[abcabc]

Two of the best in the business. I love the positive, informed, optimistic, and non-political approach you both take to personal finance content.

[MRkriegs]

good little chat, we love Brian Preston

[kylemorgan]

Love the money guy show! What a great guest to have on.

[ldbdawg]

Incredible! Great person to have on the show! I love Brian Preston & his channel/podcast.

[davidkassab]

Very helpful and clear advice. Fantastic interview !

[appleztooranges]

My job only gives a Pension. They also give you an optional 457b which I max out. Just started a Roth IRA too

[robertmorris]

Too cool! Great video. Definitely would like more videos like this. Awesome

[eddieslittlestack]

Good stuff brother. Lucky you to interview him. Thumbs up brother!

[financialorderofoperations]

I love them so much I named my reference channel after them!

[tuomio]

How do you save up for a down payment on a house? Should you allocate some of the money to a HYSA instead of the roth IRA and HSA? What priority is getting out of a rented apartment?

[drewfortune]

Can anyone tell me what that number tracker behind Brian's head is called or where one would buy one? I Googled the crap out of it, but can't find it

[matthines]

My highest deductible is my health care. Do they recommend the deductible only, or- tge out of pocket max?

For context: The deductible i have gets my insurance to cover 80/20...

[BiffcheeseSpinoccoli]

So much financial advice seems to depend heavily upon having the kind of job that provides insurance, stocks, and a salary that covers all of your expenses PLUS extra leftover. Lots of people don’t have that, even after going to university for exactly that purpose.

How do these orders apply to them?

[JVoltz]

can you do an episode about starting your own company to be a broker-dealer in an LCC of one (yourself)

[TheBlurrdVision]

So is step 0 getting insurance? Because I don't have health insurance...

[natekadlecek]

FWIW y'all missed something about the deductible. You need to save more than that as their is usually co-insurance. Really, you should have whatever your out-of-pocket max, is. If you're self employed it can be sky high, unfortunately. Our out of pocket family max when I was self employed was $14, 400.

[lioncrud]

how does risk factor in? For example, should you prioritize paying down high interest debt over 3-6 month emergency fund if you work in an industry being hit with layoffs?

[jkleczewski]

Should that max deductible be my Max out of Pocket for my health care? That is a higher number than my 'deductible' (nearly double).

[KarmaCifer]

I recently started seeing Money Guy's content, but I can't understand any of this. I'm not a native english speaker and I have no idea what Roth, employer match or HSA is and no matter how many times I try to see them explaining it, they just jump into it without really explaining what it is