Money Guy Show

How to Buy a House When Interest Rates are High

06 Dec 2023

Contributed by Lukas

With interest rates approaching 8% for mortgages, how should you think about buying a house the right way? We'll walk you through that question and ...

Q&A with Caleb Hammer!

04 Dec 2023

Contributed by Lukas

Caleb Hammer of Financial Audit asked us a question during our recent livestream about how to budget for food when you live in a "food desert." We'l...

How to Avoid Paying Taxes in 2024

01 Dec 2023

Contributed by Lukas

Tax Evasion is illegal (ask Al Capone, Willie Nelson, or Wesley Snipes). Tax Avoidance, however, is HIGHLY encouraged, and we have an entire tax code ...

"Can I Stop Investing to Pay for a Car?"

29 Nov 2023

Contributed by Lukas

Does it ever make sense to pause or slow down investing in order to buy a car? We'll walk you through that question and more in today's Q&A episode!...

"I Make $460K - How Much Should I Save?"

27 Nov 2023

Contributed by Lukas

What do we recommend as a savings rate for people with higher incomes? We'll walk you through that question and more in today's Q&A episode! Jump s...

How to Be Wealthy By Age! (2024 Edition)

24 Nov 2023

Contributed by Lukas

How much does it take for you to meet your retirement goals by age, and what are some common traps your peers fall into? Learn more about how to be we...

What Counts as High-Interest Debt?

22 Nov 2023

Contributed by Lukas

With mortgage rates increasing, let's talk about what we consider high-interest debt, and how to approach it! We'll walk you through that question a...

Can I Use 0% Financing for a Home Repair?

20 Nov 2023

Contributed by Lukas

With cash paying 4-5% right now, is it alright to use 0% financing for a major home repair? We'll walk you through that question and more in today's...

Dave Ramsey’s Most Controversial Videos!

17 Nov 2023

Contributed by Lukas

Dave Ramsey is a personal finance icon, but he has his fair share of controversial advice. In this episode, we compiled his MOST controversial videos ...

Should I Sell My House or Keep It as a Rental?

15 Nov 2023

Contributed by Lukas

When you go to buy a new house, should you sell your current house or keep it to use as a rental property? We'll walk you through that question and ...

"I'm 21 and Make $100K - What Should I Do?"

13 Nov 2023

Contributed by Lukas

If you have a higher income that you anticipate will increase over the next few years, how should you approach your savings and spending? We'll walk...

4 Financial Risks That Are Worth Taking!

10 Nov 2023

Contributed by Lukas

Financial Mutants might be more risk-averse, BUT we think there are 4 financial risks worth taking. No, we’re not talking about investing in crypto ...

"Do I Have to Pay My Car Off in 3 Years?"

08 Nov 2023

Contributed by Lukas

We talk a lot about the 20/3/8 rule for car-buying, but are there situations where paying a vehicle off in more than 3 years makes sense? We'll walk...

"I Inherited $100K - What Should I Do?"

06 Nov 2023

Contributed by Lukas

What should you do if you receive a large inheritance? We'll walk you through that question and more in today's Q&A episode! Jump start your journe...

How to Win Financially in the Messy Middle!

03 Nov 2023

Contributed by Lukas

The Messy Middle is what we call that period in-between high school or college and middle age. It’s when your responsibilities and obligations are m...

Should You Help Your Kids Buy a House?

01 Nov 2023

Contributed by Lukas

How do we feel about parents helping their adult children buy a house? We'll walk you through that question and more in today's Q&A episode! Jump s...

"I'm Getting a Promotion - What Should I Do Next?"

30 Oct 2023

Contributed by Lukas

How should you adjust your saving and investing strategy over time as you get raises and promotions? We'll walk you through that question and more i...

Money Guy vs Dave Ramsey - How Much Should You Save for Retirement?

27 Oct 2023

Contributed by Lukas

We talk a little differently about how much you need to save for retirement compared to what Dave Ramsey recommends. So what do we recommend, and why?...

Stocks vs Real Estate - Which is Better?!

25 Oct 2023

Contributed by Lukas

A listener asked us to pit real estate against the stock market - so what do we think? We'll walk you through that question and more in today's Q&A ...

What Are Bonds? (And Do You Need Them?)

23 Oct 2023

Contributed by Lukas

What do we think about bonds, and should you use them in your investing strategy? We'll walk you through that question and more in today's Q&A episo...

How to Buy a Car the RIGHT Way! (20/3/8 Rule)

20 Oct 2023

Contributed by Lukas

Cars have gone up significantly in price over the last few years. How can you buy a car without breaking the bank, and what type of car should you be ...

The Wait is Over…

18 Oct 2023

Contributed by Lukas

Today we are going to answer your deepest and darkest Money Guy question. To be frank, we’ve been dodging this question for years. You don’t want ...

How to Start a Business the RIGHT Way!

16 Oct 2023

Contributed by Lukas

How should you think through saving and investing when you're starting a business? We'll walk you through that question and more in today's Q&A epis...

The Money Guy Show Audits Caleb Hammer!

13 Oct 2023

Contributed by Lukas

It's Hammer Time! Join us for a very special guest appearance as Brian and Bo audit Caleb Hammer, host of Financial Audit. This is an audit only the M...

What is a "Luxury Car" - and Should You Buy One?

11 Oct 2023

Contributed by Lukas

What exactly classifies as a luxury car, and how do you go about buying a car the right way? We'll walk you through that question and more in today'...

"How Do I Budget with a Variable Income?"

09 Oct 2023

Contributed by Lukas

If your income fluctuates every month, how do you calculate your savings rate, monthly budget, and housing costs? We'll walk you through that questi...

9 Things You Need to Do Before 2023 Ends!

06 Oct 2023

Contributed by Lukas

It is never too early to start thinking about financial decisions you may need to make before the end of the year! Here are our top things you need to...

Can This Annuity DESTROY Your Retirement?

04 Oct 2023

Contributed by Lukas

You may have heard of life insurance or annuity products that track the market - maybe you even have a family friend that sells them. In this Q&A, we ...

"When Should I Use My Emergency Fund?"

02 Oct 2023

Contributed by Lukas

We get this question in different forms all the time - when exactly should you use your emergency fund, and what classifies as an emergency? We'll w...

Are We Headed for a Recession?

27 Sep 2023

Contributed by Lukas

Should you be worried about a possible upcoming recession, and how should you prepare your financial strategy? We'll walk you through that question ...

Do You Need A Financial Advisor? (You Might Be Surprised!)

25 Sep 2023

Contributed by Lukas

How do you know when it's time to hire a financial advisor? We'll walk you through that question and more in today's Q&A episode! Jump start your j...

What I Learned From Being BROKE! (And Why I Wouldn’t Change It)

22 Sep 2023

Contributed by Lukas

No one disputes the fact that being broke isn’t great. We want to spread the word that no matter where you came from, you can build wealth. In this ...

The IRS Just Changed the Rules About 401(k)s (What You Need to Know)

20 Sep 2023

Contributed by Lukas

The IRS just announced they are delaying a change to 401(k) contributions to 2026. Here’s what changes are going into effect, what’s getting delay...

How Much Should You Put Down on a Rental Property?

18 Sep 2023

Contributed by Lukas

How much should you put as a down payment on a rental property, and why? We'll walk you through that question and more in today's Q&A episode! Jump...

Top 10 Mind-Blowing Money Stats! (2023 Edition)

15 Sep 2023

Contributed by Lukas

These 10 money stats will blow your mind! We’ll discuss the unbelievable amount of money Americans save, when most reach millionaire status, and how...

Wealth Multiplier Revealed: The Magic of Compound Interest!

13 Sep 2023

Contributed by Lukas

There’s a reason why Albert Einstein called compounding interest the eighth wonder of the world! Do you know exactly how it works and how much your ...

How Should You Invest as a Freelance Worker?

11 Sep 2023

Contributed by Lukas

What's the best way to think about investing if you work full time as a freelancer? We'll walk you through that question and more in today's Q&A epi...

From $0 to Millionaire in 10 Years (Is it Possible?)

08 Sep 2023

Contributed by Lukas

How can you become a millionaire in 10 years or less? We’ll discuss common ways we see millionaires build wealth quickly, including through real est...

Dollar Cost Averaging Explained!

06 Sep 2023

Contributed by Lukas

What exactly is Dollar Cost Averaging, and how should you think about using it in your financial strategy? We'll walk you through that question and ...

The 20/3/8 Car-Buying Rule Explained (And Why It Works!)

04 Sep 2023

Contributed by Lukas

What exactly do we mean when we talk about the 20/3/8 rule for buying a car, and why do we recommend it? We'll walk you through that question and mo...

"When Should I Get Into Rental Real Estate?"

01 Sep 2023

Contributed by Lukas

We get asked all the time about how to know if or when someone should start investing in real estate. So what do we recommend? We'll walk you throug...

Are You Richer Than Your Friends? (This Data Might Surprise You!)

30 Aug 2023

Contributed by Lukas

How much money do Americans actually make? You’ll be surprised to find out how much your neighbors make every year and what income percentile you fa...

How Should You Pay Off Student Loans?

28 Aug 2023

Contributed by Lukas

What are the best methods of handling student loans, and how should you go about paying them off? We'll walk you through that question and more in t...

Investing Showdown: Dollar Cost Averaging vs. Lump Sum!

25 Aug 2023

Contributed by Lukas

It’s a debate as old as time: what’s better, dollar cost averaging or lump sum investing? In this episode, we’ll cover the nuances and pros and ...

"Is Life Insurance A Pyramid Scheme?"

23 Aug 2023

Contributed by Lukas

We had a listener ask about index life insurance, and whether or not they should consider it. So how should you think about different types of life in...

Do I Need to Save 20% for Retirement Forever?

21 Aug 2023

Contributed by Lukas

Do you always have to save 20 to 25 percent of your income for retirement, or can that amount change at different points in your investing journey? ...

Is Inflation Really Ruining Your Finances? (You Won’t Like the Answer)

18 Aug 2023

Contributed by Lukas

Inflation has changed our daily living expenses dramatically over the last few years. While we can’t control all of our expenses, there are many thi...

Are $1,000 Car Payments Becoming the New Norm?!

16 Aug 2023

Contributed by Lukas

New data shows more Americans than ever have car payments over $1,000. Is this becoming the new normal? How much could having a car payment of $1,000 ...

"Should I Put 10% Down on My House?"

14 Aug 2023

Contributed by Lukas

Does it ever make sense to put a down payment of 10% or more on your first home? We'll walk you through that question and more in today's Q&A episod...

Average Debt by Age! (How Do You Compare Against Other Americans?)

11 Aug 2023

Contributed by Lukas

Debt is one of the biggest problems facing Americans. In this episode, we’ll break down exactly how much debt the average American has at different ...

Can We Really Trust the Stock Market?

09 Aug 2023

Contributed by Lukas

Is the stock market really reliable? How can we be confident in long-term investing in the stock market? We'll walk you through that question and mo...

How to Buy a House in 2023

07 Aug 2023

Contributed by Lukas

With all the changes in the housing market over the last few years, how do you buy a house the right way these days? We'll walk you through that que...

34-Year-Old Millionaire Shares His Secrets with George Kamel

04 Aug 2023

Contributed by Lukas

We have a very special episode of The Money Guy Show with a very special guest: George Kamel! George joins us on the show to talk about how he became ...

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...