Money Guy Show

How To Maximize Your Savings with High-Yield Accounts (Don't Miss Out!)

02 Aug 2023

Contributed by Lukas

You may not be making as much as you should on your cash! In this Q&A, we discuss the best places to store cash, how to earn attractive yields, and th...

Should I Prioritize Saving for a House Over Retirement?

31 Jul 2023

Contributed by Lukas

Does it ever make sense to reduce or pause retirement savings to save up for a house down payment? We'll walk you through that question and more in ...

The Death of Millionaire Status: How Much You Really Need to be Rich

28 Jul 2023

Contributed by Lukas

The Millionaire Next Door came out in 1996 - $1 million back then is nearly $2 million today. Is $1 million still wealthy? Is it enough to retire on? ...

"I'm 25 and Make $240k - What Should I Do?"

26 Jul 2023

Contributed by Lukas

If you're young and make a high income, how should you balance saving for the future and spending? We'll walk you through that question and more in ...

The Perfect Graduation Gift for a Financial Mutant?

24 Jul 2023

Contributed by Lukas

What are some gifts you can give a recent high school or college grad to get them started on their wealth-building journey? We'll walk you through t...

10 Truths About Winning in Life and With Money (Yes, You’re Doing it Wrong)

21 Jul 2023

Contributed by Lukas

Some things about money and life never change. These money truths are timeless treasures that will help you identify and make a plan of action for rea...

Did We Hit the Market Bottom? (Investors Beware!)

19 Jul 2023

Contributed by Lukas

The market seems to be recovering - is the bear market finally over?! Let’s dive into the data and see how this bear market compares to previous bea...

What All Should You Consider When Buying A Home?

17 Jul 2023

Contributed by Lukas

When you're thinking about buying a new house, what all should you consider before purchasing it? We'll walk you through that question and more in t...

3 Easy Ways to Find Money (Up to $2,602!)

14 Jul 2023

Contributed by Lukas

No matter how much money you make, you could probably use some extra money each month to spend or invest. In this episode, we’ll give you three mone...

"I'm New to Investing - What Should I Do?"

12 Jul 2023

Contributed by Lukas

A lot of new listeners have this question - "I'm new to investing, so where do I start on my wealth-building journey?" We'll walk you through that q...

How Do You Build Up Your Cash Reserves?

10 Jul 2023

Contributed by Lukas

How many months of cash reserves do you need at different stages in your life, and how do you build that up well? We'll walk you through that questi...

Is It Possible to Spend Less Than 25% On Housing?

07 Jul 2023

Contributed by Lukas

What should you do if your housing cost is more than 25% of your income? We'll walk you through that question and more in today's Q&A episode! Jump...

"I Don't Qualify for a Roth IRA or an HSA - What Should I Do?"

05 Jul 2023

Contributed by Lukas

How do you navigate through the Financial Order of Operations if you don't qualify for a Roth IRA or an HSA? We'll walk you through that question an...

When Is It Okay to Spend More on a Car?

03 Jul 2023

Contributed by Lukas

Is it ever okay to spend more than we recommend on a car? If so, how does luxury car-buying look for a financial mutant? We'll walk you through that...

Millionaires Share Their Secrets to Financial Success! (2023 Edition)

30 Jun 2023

Contributed by Lukas

It’s that time of year again: our annual Money Guy Wealth Survey episode. We’re back with all-new data for 2023, including new questions. You’ll...

Why Looking Wealthy is Keeping You From Being Wealthy!

28 Jun 2023

Contributed by Lukas

This one mistake is keeping you poor! Looking rich may be a trap. We break down the stats and show how making these “small” mistakes could be real...

Do Millionaires Have 7 Sources of Income?!

26 Jun 2023

Contributed by Lukas

How many different streams of income does the average person have, and how many should you have? We'll walk you through that question and more in to...

How to Become a Millionaire By Age! (2023 Edition)

23 Jun 2023

Contributed by Lukas

What do you need to be investing to become a millionaire? In this episode, we’ll discuss the four biggest things you need to know to build wealth in...

How Much Should You Save When You Have a Pension?

21 Jun 2023

Contributed by Lukas

If you have a pension, should you still be saving 25% of your income for retirement? We'll walk you through that question and more in today's Q&A ep...

How Do You Save for a Down Payment AND Retirement?

19 Jun 2023

Contributed by Lukas

Where does buying a house fall in the Financial Order of Operations? We'll walk you through that question and more in today's Q&A episode! Jump sta...

How to Achieve FIRE By Income (Are You on Track?)

16 Jun 2023

Contributed by Lukas

Do you want to retire early? If so, do you know what it is going to take to get there? To know if FIRE is right for you, you need to be aware of commo...

New Data Shows Americans Are HORRIBLE at Investing (1% Returns?!)

14 Jun 2023

Contributed by Lukas

New data just released by Fidelity shows that Americans have been HORRIBLE at investing in their 401(k). What have they been doing wrong? And how can ...

Will the Financial Order of Operations (FOO) Ever Change?

12 Jun 2023

Contributed by Lukas

A listener asked us if we anticipate ever needing to adapt or change the Financial Order of Operations down the road - so what do we think? We'll wa...

Roth IRA vs Roth 401(k) - Which is Better?

09 Jun 2023

Contributed by Lukas

What are the differences between a Roth IRA and a Roth 401(k), and how should you utilize them on your wealth-building journey? Jump start your journ...

How Fear Could Cost You Millions!

07 Jun 2023

Contributed by Lukas

Could fear be costing you big-time? In this Q&A, we’ll take a look at a real-world example to determine if making fear-based investing decisions is ...

Should You Pay Extra on Your Mortgage Now?

05 Jun 2023

Contributed by Lukas

With interest rates for mortgages increasing recently, does that qualify as "high-interest debt," and does that mean you should pay it down faster? ...

The Best and Worst Types of Life Insurance

02 Jun 2023

Contributed by Lukas

No matter how much you know about finance, you’ve definitely heard about life insurance: maybe from commercials pitching it as something to buy your...

"I'm Paying Cash for a Car - How Much Should I Spend?"

31 May 2023

Contributed by Lukas

If you're thinking about buying a car in cash, how much should you spend for the car? We'll walk you through that question and more in today's Q&A e...

Should You Prioritize Retirement Savings or Your Kids' College Savings?

29 May 2023

Contributed by Lukas

How should you think about balancing saving for your own retirement and preparing for your kids' college savings? We'll walk you through that questi...

How to Recover From 4 HORRIBLE Financial Mistakes!

26 May 2023

Contributed by Lukas

In our nearly four decades of combined experience managing money, we’ve seen some horrible financial mistakes - here are the four worst we’ve seen...

New Data: Active Investments Are Better Than Index Funds?

24 May 2023

Contributed by Lukas

A new research paper is out that claims active funds from two large providers, Vanguard and Fidelity, beat their own index funds. Are active funds bea...

"I Took Out a 401(k) Loan - What Should I Do?"

22 May 2023

Contributed by Lukas

How can you course-correct after taking out a 401(k) loan for a down payment? We'll walk you through that question and more in today's Q&A episode! ...

Why Americans Are Actually Broke! (2023 Edition)

19 May 2023

Contributed by Lukas

Americans might be bad with money, but you don’t have to be. In this episode, we discuss the underlying reason why Americans are so bad with money a...

Do I Still Need an Emergency Fund When I'm Retired?

17 May 2023

Contributed by Lukas

Once you're retired and have access to different sources of money, should you still keep an emergency fund - and if so, how much? We'll walk you thr...

Is the U.S. Dollar On its Way Out?

15 May 2023

Contributed by Lukas

There's been a lot of conversation recently about the U.S. Dollar and other currencies/economies. So what should you make of it all, and how should th...

Build Wealth With the 3 Bucket Strategy! (By Age) 2023 Edition

12 May 2023

Contributed by Lukas

We believe there are three distinct taxable buckets you have the option of investing in for retirement. We’ll talk about how to balance those bucket...

Debt Ceiling Crisis: World’s Financial System at Risk?

10 May 2023

Contributed by Lukas

Should you be worried about the debt ceiling crisis? Although political leaders have so far been unable to come to an agreement, we'll tell you what h...

"Should I Pause Investing to Pay Off My Mortgage?"

08 May 2023

Contributed by Lukas

Here's a question we get a lot that always elicits strong reactions - should you pause retirement savings to finish paying off your mortgage? We'll ...

Is NOW the Best Time to Invest in Real Estate? (With Scott Trench from BiggerPockets Money)

05 May 2023

Contributed by Lukas

Is NOW the Best Time to Invest in Real Estate? (With Scott Trench from BiggerPockets Money) Jump start your journey with our FREE financial resources...

Will Artificial Intelligence Replace Financial Advisors?

03 May 2023

Contributed by Lukas

How will artificial intelligence affect personal finance - and will it impact financial advisors? We'll walk you through that question and more in t...

"How Much of My Income Should I Spend On Housing?"

01 May 2023

Contributed by Lukas

Whether you rent an apartment or own a house, how much of your monthly income should you spend on your rent or mortgage - and why? We'll walk you th...

How Much Cash Should You Keep On Hand?

28 Apr 2023

Contributed by Lukas

How much cash should you have in savings, and where does saving extra cash fall in the Financial Order of Operations? We'll walk you through that qu...

How to Save Thousands of Dollars in Taxes in 2024

26 Apr 2023

Contributed by Lukas

Tax season is over for most of us, but that doesn’t mean it’s time to stop thinking about your taxes! Planning out your tax strategy in advance ca...

What Should You Do With Side Hustle Money?

24 Apr 2023

Contributed by Lukas

How does your side hustle income impact your savings rate and spending habits? We'll walk you through that question and more in today's Q&A episode!...

Average 401(k) Balance by Age (2023 Edition)

21 Apr 2023

Contributed by Lukas

Are you doing better than the average American at saving in your 401(k)? We'll talk about basics of a 401(k), including new limits, employer matches, ...

TikTok Products That Are Actually Worth the Money

19 Apr 2023

Contributed by Lukas

TikTok has become not only a popular social media platform, but a popular place to find trending new products. Are any of them actually worth it? Let’...

"I Want to Quit My Job...But They Have a Great 401(k)"

17 Apr 2023

Contributed by Lukas

This listener is looking to quit his job, but if he waits a little longer, he'll get a big 401(k) match. So what should you do in a situation like tha...

The Dark Side of Being an American Millionaire! (2023 Edition)

14 Apr 2023

Contributed by Lukas

Being a millionaire isn't always sunshine and rainbows in 2023. In this episode, we'll discuss some common pitfalls and traps millionaires fall into, ...

"My House is Down in Value - What Should I Do?"

12 Apr 2023

Contributed by Lukas

What should you do if the house you bought is worth less money now than when you first bought it? We'll walk you through that question and more in t...

How Long Should it Take to Pay Off Your Car?

10 Apr 2023

Contributed by Lukas

What do we recommend for buying a car, and why do we recommend doing it that way? We'll walk you through that question and more in today's Q&A episo...

How Rich People Get Rich in 2023 (Secrets Revealed!)

07 Apr 2023

Contributed by Lukas

Which path to wealth will you take to abundance? There are several different paths to wealth, and your journey may lead you down several different pat...

Net vs. Gross Income - How Much Should You Be Saving?

05 Apr 2023

Contributed by Lukas

  We talk a lot about your savings rate, but should that be from your gross or net income - and why? We'll walk you through that question and more...

"I Have a 14% Car Loan - What Should I Do?"

03 Apr 2023

Contributed by Lukas

We recently talked to a listener with a 14% car loan! So what should you do in a situation like that? We'll walk you through that question and more ...

Popular Investing Strategies That Are Actually LOSING You Money

31 Mar 2023

Contributed by Lukas

Is there an investing strategy out there that consistently beats index investing over time?! In this episode, we do a deep dive on popular investing s...

Is the Bear Market Over?

29 Mar 2023

Contributed by Lukas

Is there any way to know if the stock market will do better this year than last year? And how should a financial mutant think about investing during a...

Should You Turn a Side Hustle into Your Main Job?

27 Mar 2023

Contributed by Lukas

What all should you consider before turning a side hustle into your full-time job? We'll walk you through that question and more in today's Q&A epis...

How to Buy an Engagement Ring the RIGHT Way?

24 Mar 2023

Contributed by Lukas

Everybody seems to have their own idea on how much to spend on an engagement ring, but how should a financial mutant think about buying a ring the rig...

Should You Get a 15-Year or 30-Year Mortgage?

22 Mar 2023

Contributed by Lukas

Things have certainly been changing in the housing market - so should you get a 15-year or a 30-mortgage these days? We'll walk you through that que...

How to Get Your Kids to Start Investing

20 Mar 2023

Contributed by Lukas

We all understand how powerful investing is - but how do you get your kids to start on that investing journey for themselves? We'll walk you through...

Financial Planning 101 (By Age) 2023 Edition

17 Mar 2023

Contributed by Lukas

Throughout every decade, there are different areas of your financial life that come in and out of focus. In this episode, we'll discuss what you need ...

Should You Be Worried About Banks Collapsing? [Here’s the Truth]

15 Mar 2023

Contributed by Lukas

We just experienced the largest bank collapse since the Great Recession. Here’s what you need to know, how this could affect you, and what moves you...

Best Ways to Save for College Tuition?

13 Mar 2023

Contributed by Lukas

How should you think about saving for your kid's future college tuition, and what accounts are best for that? We'll walk you through that question a...

Is the 2023 Housing Crash Around the Corner?

10 Mar 2023

Contributed by Lukas

Housing prices skyrocketed after the pandemic to all-time highs, and mortgage rates have more than doubled since 2020. Homes are harder to purchase fo...

Should You Buy a Car with Cash?

08 Mar 2023

Contributed by Lukas

Should you pay for a car with cash, or finance it over a few years? We get this question all the time - so what do we recommend? We'll walk you thro...

How to Combine Finances the RIGHT Way!

06 Mar 2023

Contributed by Lukas

If you're getting married soon, how should you think about combining finances the right way? We'll walk you through that question and more in today'...

Watch This Before Rebalancing Your Investment Portfolio!

03 Mar 2023

Contributed by Lukas

85% of Americans don’t rebalance their 401(k). Are they making a huge mistake? In this episode, we’ll discuss the “why” behind rebalancing, ho...

Don’t Make This HUGE 401(k) Mistake!

01 Mar 2023

Contributed by Lukas

Americans are making a HUGE mistake in their 401(k) that could cost them thousands by retirement. We’ll talk about why this is happening and how you...

"How Do I STOP Feeling Guilty for Spending Money?"

27 Feb 2023

Contributed by Lukas

Even if you're saving 25% for retirement, it can still be difficult for a lot of people to stop feeling guilty when they spend money. So how do you sh...

How Do You Figure Out Your Net Worth?

24 Feb 2023

Contributed by Lukas

What exactly is a net worth statement, and what all should you include on it? We'll walk you through that question and more in today's Q&A episode! ...

Do THIS Before You Switch Jobs!

22 Feb 2023

Contributed by Lukas

What all do you need to do before you get a new job? We'll walk you through that question and more in today's Q&A episode! Watch more exclusive con...

"Do I Need a Financial Advisor?"

20 Feb 2023

Contributed by Lukas

At what point in your financial journey should you be thinking about hiring an advisor? We'll walk you through that question and more in today's Q&A...

Everything You Need to Know About Finances in Your 20s

17 Feb 2023

Contributed by Lukas

We put together a compilation of our best advice throughout the years for people in their twenties. In this episode, we discuss what financial success...

Americans are DESTROYING Their Financial Future! (New 2023 Data)

15 Feb 2023

Contributed by Lukas

New data shows that Americans are struggling when it comes to credit card debt and savings rates. In this Q&A, we discuss the new shocking data and gi...

"I'm Saving a Lot in My Twenties - Can I Retire Early?"

13 Feb 2023

Contributed by Lukas

If you're starting out on your investing journey in your twenties and you want to retire early someday, how does that impact your investment strategy?...

The Most Valuable Asset in Building Wealth!

10 Feb 2023

Contributed by Lukas

This episode will show you how to maximize the most valuable resource you have - starting right at this moment. What is it, you may ask? It’s TIME. ...

How Many Americans Don’t Have $1,000?! (Shocking Stat)

08 Feb 2023

Contributed by Lukas

A shocking amount of Americans don’t have $1,000 in savings. In this Q&A, we’ll discuss the latest data, how that number has changed over the year...

What's the Best Way to Buy a Car?

06 Feb 2023

Contributed by Lukas

We talk a lot about our 20/3/8 rule when it comes to buying a car. So what exactly does that mean, and how do you buy a car the right way these days? ...

Financial Hacks and Habits of the Top 1% (By Age)

03 Feb 2023

Contributed by Lukas

Who wouldn’t want to have a high enough income and net worth to be considered part of the top 1%? In this episode, we’ll tell you exactly how much...

Beware of THESE College Degrees! (Did YOU Mess Up?)

01 Feb 2023

Contributed by Lukas

With the cost of college and student debt at all-time highs, it’s more important than ever to make sure you have chosen the right degree. In this Q&...

"I Paid Off My House Early - Did I Do It Wrong?"

30 Jan 2023

Contributed by Lukas

A lot of people ask us if they've made the right choice paying off a house early. So what do we recommend? We'll walk you through that question and ...

How to Win With Money in 2023!

27 Jan 2023

Contributed by Lukas

Financial resolutions are always near the top of the list of Americans’ most popular New Year’s resolutions. Whether you want to save and invest m...

"I'm Changing Careers - How Should I Prepare?"

25 Jan 2023

Contributed by Lukas

If you're planning on making a career switch, what should that process look like, and how do you make it work financially? We'll walk you through th...

How Should You Donate Using Investment Accounts?

23 Jan 2023

Contributed by Lukas

What are some ways to donate to organizations through your different invested assets? We'll walk you through that question and more in today's Q&A e...

How to Invest When Your Income Changes Monthly

20 Jan 2023

Contributed by Lukas

If you work in sales or a similar job where your monthly pay fluctuates, how does that impact your investing habits? We'll walk you through that que...

"Should I Put More Money Toward My Loans or Retirement?"

18 Jan 2023

Contributed by Lukas

How much money should you put toward high-interest debt vs saving for retirement? We'll walk you through that question and more in today's Q&A episo...

How Should You Invest During a Market Downturn?

16 Jan 2023

Contributed by Lukas

It can be frustrating and scary investing when the markets don't look great. So what should you do during a market downturn? We'll walk you through ...

5 Levels of Wealth AND How to Achieve Them! (2023 Edition)

13 Jan 2023

Contributed by Lukas

We believe there are five distinct levels of wealth, but they aren’t solely dependent on income or net worth. We’ll walk you through each of the f...

Will the SECURE Act 2.0 Negatively Impact Your Finances?

11 Jan 2023

Contributed by Lukas

The SECURE Act 2.0 was signed into law by President Biden, and could have some big impacts on your investing and retirement saving. We’ll break down...

"I'm Buying a Car Soon - Where Should I Park My Cash?"

09 Jan 2023

Contributed by Lukas

If you're planning on making a big purchase soon, like a car or house, where should you park your money until you need it? We'll walk you through th...

Average Net Worth By Age in 2023!

06 Jan 2023

Contributed by Lukas

It’s time for one of our most anticipated shows of the year: our annual Net Worth By Age show! In this year’s edition, we’ll shared updated numb...

How People REALLY Feel About Money! (Shockingly BAD Stats)

04 Jan 2023

Contributed by Lukas

Many Americans are bad with money, but just how bad is it? In this Q&A, we’ll dive into some truly shocking stats revealing how Americans truly feel...

What Should You Do With Your 401(k) When You Get a New Job?

02 Jan 2023

Contributed by Lukas

When you get a new job, what should you do with your 401(k) from your previous job? We'll walk you through that question and more in today's Q&A epi...

Win Financially During a Recession! (Everything You Need to Know)

30 Dec 2022

Contributed by Lukas

We put together a compilation of our best advice for what to do during a recession. If you're looking to recession-proof your finances, this video is ...

What's the Best Way to Use an HSA?

28 Dec 2022

Contributed by Lukas

Did you know that 96% of people aren't using HSAs to their fullest? So what's the best way to use your HSA? We'll walk you through that question and...

How Much Do You ACTUALLY Need for a Down Payment?

26 Dec 2022

Contributed by Lukas

When it comes to buying your first house, how much should you put for a down payment? We'll walk you through that question and more in today's Q&A e...

Financial Advisors Share What They WISH They Knew About Money Earlier!

23 Dec 2022

Contributed by Lukas

Have you ever felt like if you just knew this one thing about money earlier your finances would be in a better spot? In this episode, we’ll share th...

Top Financial Tools to Help You Win in 2023!

21 Dec 2022

Contributed by Lukas

There are a few of our financial tools and free resources (including brand new free resources) that can help you win with money in 2023. In this episo...

What to Do When You Get an Inheritance?

19 Dec 2022

Contributed by Lukas

If you receive an inheritance from a family member, what should you do with the money? We'll walk you through that question and more in today's Q&A ...

Top 4 Money Mistakes People Make During the Holidays!

16 Dec 2022

Contributed by Lukas

There’s a reason why financial resolutions are always near the top of the list in January - many Americans spend the holiday season making financial...

How to Find Out How Much You Need for Retirement?

14 Dec 2022

Contributed by Lukas

Let's say you want to retire early or just want to know how much you'll need for retirement - how do you figure that out? We'll walk you through tha...