How Fear Could Cost You Millions!

How Fear Could Cost You Millions!





Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

[RobWilliams]

Just want to thank Brian and Bo for letting me visit the studio last week. Such great, nice and personable people! You guys are awesome.

[michaelswami]

I just noticed the Money Guy Show had added 13, 000 subscribers in a month. That’s compound growth at work.

[carieyounginsurance]

I’ve taught my son 150 bucks a month is all that’s needed for him now to be a millionaire at 65…he’s at 5k in a couple years and I’m so proud he’s listening to my advice- the advice I never got myself but had to learn the hard way! Thank you so much for helping me and now I’m passing on the information to my son.

[brandonrunkel]

I did both a 529 and UTMA when my son was born and will do both with the next one as well.

[alwaysforward]

seven streams of income on those youtube videos looks like this:
1. day job like financial advisor
2. ad revenue from podcast or youtube channel
3. affiliate link income from podcast or youtube channel
4. selling an advanced money guy course
5. rent income from commercial or residential or airbnb
6. income from side business like dry cleaning, self storage, or atm business
7. portfolio cash flow from dividends and bond payments

[bahijarhafiri]

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make....

[RobWilliams]

53 min in - college - you can do community college for 2 years and then to Uni after and it can be a smaller school like I did.

[lmelior]

Great episode! I loved the discussion on unwinding medium-term investments once they hit short-term status, that's not something I've personally seen discussed at all, and I consume a LOT of personal finance content. Very cool!

[acilirp]

I just discovered this channel and I am in love with the fact that they take notes

[mattbenz]

The 7 streams of income is actually easier than people think. Just buying a full market index fund will get you 4 of them: Capital gains, interest, dividends, and rent (through REIT exposure). The 5th is just employment income from your job. Having a side hustle will give you entrepreneurial income which is 6. Really, the only one of the 7 that is hard for your average person to get is royalty income because that requires publishing something or selling a product idea to another company.

[ByteSizeMoney]

I always enjoy the way you guys dive deep into the topics you discuss. Thanks for what you do.

[anotherdedchannel]

It's cool Bo and Brian are actually friends. It comes through.

[kckuc]

Yes I was 49 and paid off two homes in less then 10 years each, I did exactly that. Now 56 and just sold one of them!

[michaelswami]

I count six streams of income personally. 1 W-2 job. One consulting contract. 2 distributions from private businesses I own, dividends (appreciation isn’t a stream of income). Side hustle officiating sports on weekends.

[Lamentlogic]

Note to self, Brian never forgets the score.

[kevintheshane]

They knocked the “streams of income” question out of the park. It’s mostly a fluff statement.

Just make and save money. Owning a piece of property and a vending machine and interest in a laundromat isn’t necessarily better than having a regular old job.

[miked]

A good exit strategy, assuming your brokerage provides, is a trailing stop.
- Works well for individual stocks, I wouldn't use for low-cost ETFs that track an index.
This both helps protect your gains and reduces your loses.
- It also takes emotion out of the equation.

[marciethefruitysmoothie.]

Another stellar episode, thanks guys. Also, yes we want more guest in the show. Keep up the good work👍🤑📈

[RobWilliams]

1 hour 16 - nobody went broke taking a profit!

[andrew]

If I was making an account for my child to retire, I’d use a regular brokerage account held within a trust. It’s not tax advantaged but I can be sure it’s used for what I intended.