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

It's easy to believe that wealthy people don't pay taxes. In fact, an entire article about this subject was published on Pro Publica recently. Let's talk about what the article got right, what it got wrong, and hopefully, give you a little bit of a better understanding of our country's current tax rules. Then, we'll answer your financial questions from the chat! Learn more about your ad choices. Visit megaphone.fm/adchoices

If you have money saved in a taxable account, do you really need a 3-6 month emergency fund? And how do you start investing for your kids? We'll walk you through these questions and more in today's Q&A episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

What is the top money problem you face? Whether it's a practical financial issue or an unhealthy mindset, this episode will put you back on track. We did some research and polled our YouTube audience, now we're telling you how to solve the top 5 most common money problems. For more information, visit: https://www.moneyguy.com/2021/08/5-best-solutions-to-the-top-5-money-problems/ Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you know if you should leave a company to start your own business, and what should that process look like? We'll walk you through these questions and more in today's Q&A episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

If you're maxing out your retirement accounts, what should you do next? And what's the best way to do a backdoor Roth IRA? We'll walk you through these questions and more in today's Q&A episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

If you're able to save more than 25% of your income for retirement, should you? Or should you stop saving once you reach 25%? And how does having a pension affect your savings rate? We'll walk you through these questions and more in today's Q&A episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

After a few months of anticipation, we got a package from YouTube last week - and we want to open it with you! After we unveil our first ever YouTube award, we'll do what we do best - answer your financial questions live from the chat. Watch us unbox the award on YouTube! Learn more about your ad choices. Visit megaphone.fm/adchoices

Wealth creation is surprisingly simple. You need discipline, money, and time. So why do so many Americans miss the mark when it comes to personal finance? The 10 stats in this episode are simple, real world reminders of how powerful a few small financial decisions can be. Keep these powerful stats top of mind to help you stay grounded, motivated, and on track to build wealth. For more information, visit: https://www.moneyguy.com/2021/07/10-mind-blowing-money-stats-that-will-make-you-rich/ Learn more about your ad choices. Visit megaphone.fm/adchoices

It's confession time. We want you to be fully ready when you take the leap and make a big home purchase. After several months of being a new home owner, we grilled Producer Rebie on what surprised her and what she WISHED she knew before making this big purchase. Learn more about your ad choices. Visit megaphone.fm/adchoices

40% of Americans are considering quitting their jobs in 2021. Why is this happening? Let's discuss how to tell when it's time to find a new job or change careers. We'll offer some practical self-assessment tools, along with tips on how to stand out from the crowd when applying to a new job. Get honest advice from two guys who have been on the other side of the hiring process a lot over the past few years! For more information, visit: https://www.moneyguy.com/2021/07/40-percent-of-americans-are-quitting-their-jobs/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Gamestop, AMC, and other "meme stocks" have blown up in 2021 - so what does that mean for your investing strategy? We'll walk you through that question and more in this week's Q&A episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

You would think money at a young age would mean financial success. So, why do so many young, professional athletes end up in financial trouble? Turns out, they fall into the same common traps that derail the average Joe's finances everyday. Let's break down how you can avoid these mistakes! For more information, visit: https://www.moneyguy.com/2021/07/5-reasons-pro-athletes-go-broke/ Learn more about your ad choices. Visit megaphone.fm/adchoices

We get this question all the time - "How do I start saving and investing money for my kids?" So what accounts should you set up for your children, and how do you get started? 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

This isn't your average FIRE (Financially Independent/Retire Early) show. If you want to know exactly what it takes to be financially independent and retire early, this is your deep dive. We do the math on how much you need to save or already have saved at your age in order to retire early successfully. We always shoot straight with you, sharing both the encouragement and reality check you need to hear. For more information, visit: https://www.moneyguy.com/2021/06/how-to-retire-early-by-age-what-fire-gets-wrong/ Learn more about your ad choices. Visit megaphone.fm/adchoices

If you're trying to buy a used car right now, you might be having a tough time. Why have prices gone up so much, and how should you best navigate it as a financial mutant? We'll talk through all of this, then answer your questions live from the chat. Learn more about your ad choices. Visit megaphone.fm/adchoices

Let's break down the pros and cons of the tool we love to hate: the credit card.Is there any advantage to using one? How many millionaires regularly pay with credit cards? Is there a SAFE way to use credit? We're answering all of this, plus sharing our personal experience with credit card usage. Whether you're a credit-card-aholic or a financial mutant, this episode will help you assess and maximize your current relationship with debt, spending, and credit. For more information, visit: https://www.moneyguy.com/2021/06/how-millionaires-use-credit-cards-in-2021/ Learn more about your ad choices. Visit megaphone.fm/adchoices

We hear about term and whole life insurance all the time - so do you need it? And should you have a 3 or 6 month emergency fund? 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

The housing market is insane these days - so should you reduce your retirement savings to help pay for a house? And what's the best way to pay for grad school? 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

Do you need to be rich to have access to the best investments? Turns out, a lot of people would answer "yes" to this question. But there's something about actively managed investments that many people don't know... and it might change their minds. Producer Rebie joins the show as we break down the details, give you some good news about your wealth building potential, then answer your questions live from the chat! Learn more about your ad choices. Visit megaphone.fm/adchoices

If you find yourself with too much debt, you’re not alone. America has a debt problem. The accumulation of high-interest debt is one of the quickest ways to derail your financial life, so it’s no surprise that strategies and philosophies on debt re-payment are a popular topic among financial commentators. With so many people telling you what to do with your debt, how do you know which approach is the best? In this episode, we break down two of the most popular approaches to debt re-payment (the Debt Snowball and the Debt Avalanche,) then do the math to help you understand which one will maximize your money and get your finances back on track! For more information, visit: https://www.moneyguy.com/2021/06/debt-snowball-vs-debt-avalanche-best-way-to-pay-off-debt/ Learn more about your ad choices. Visit megaphone.fm/adchoices