Financial Advisors Versus the Internet
The Money Guy Show 20:56
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This episode brought to you by Abound Wealth. Take the relationship to the next level and become a client: https://moneyguy.com/become-a-client/|
Is viral financial advice helping you build wealth—or leading you toward costly money mistakes? Financial advisors Brian and Bo react to internet money gurus and break down the truth about 401(k) investing, Roth vs. traditional retirement accounts, financial advisor fees, real estate investing, tax deductions, and paying off your mortgage early. Should you cash out your 401(k) to buy rental property? Is paying a financial advisor 1% worth it? And when does a traditional 401(k) make more sense than a Roth? Discover how smart investing, tax planning, and the Financial Order of Operations can help you make better decisions for financial independence.
Timestamps
00:00:00 Financial Advisors vs. the Internet
00:00:18 Exotic Cars vs. Index Fund Investing
00:01:05 Can You Really Write Off Every Vacation?
00:03:00 Should You Cash Out Your 401(k) for Real Estate?
00:04:32 The Costco Hot Dog Affordability Test
00:06:14 Is Paying a Financial Advisor 1% Worth It?
00:08:22 When Should You Hire a Financial Advisor?
00:09:44 Ranking the Best Investment Accounts
00:11:38 The Financial Order of Operations
00:11:55 Should You Pay Off Your Mortgage Early?
00:14:13 Dave Ramsey's Roth vs. Traditional 401(k) Advice
00:16:33 The Tax Strategy Most Investors Overlook
00:19:50 How to Find Financial Advice You Can Trust
🔗 Financial Order of Operations (Free Download) → https://moneyguy.com/resource/financial-order-of-operations/
🔗 8 Questions to Ask Your Financial Advisor → https://moneyguy.com/resource/8-questions-to-ask-your-financial-advisor/
🔗 The Ultimate 401(k) Guide → https://moneyguy.com/guide/401k/
🔗 Wealth Multiplier by Age → https://moneyguy.com/resource/wealth-multiplier-by-age/
🔗 2026 Tax Guide → https://moneyguy.com/resource/2026-tax-guide/
🎓 Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) share professional insights to help you own your financial future.
Jump start your journey with our FREE financial resources: https://moneyguy.com/resources/
Subscribe on YouTube for early access and go beyond the podcast: https://www.youtube.com/c/MoneyGuyShow?sub_confirmation=1
Connect with us on social media for more content: https://moneyguy.com/link-in-bio/
Take the relationship to the next level and become a client: https://moneyguy.com/become-a-client/
#WealthBuilding #PersonalFinance2026 #RetirementPlanning #FinancialFreedom
Is viral financial advice helping you build wealth—or leading you toward costly money mistakes? Financial advisors Brian and Bo react to internet money gurus and break down the truth about 401(k) investing, Roth vs. traditional retirement accounts, financial advisor fees, real estate investing, tax deductions, and paying off your mortgage early. Should you cash out your 401(k) to buy rental property? Is paying a financial advisor 1% worth it? And when does a traditional 401(k) make more sense than a Roth? Discover how smart investing, tax planning, and the Financial Order of Operations can help you make better decisions for financial independence.
Timestamps
00:00:00 Financial Advisors vs. the Internet
00:00:18 Exotic Cars vs. Index Fund Investing
00:01:05 Can You Really Write Off Every Vacation?
00:03:00 Should You Cash Out Your 401(k) for Real Estate?
00:04:32 The Costco Hot Dog Affordability Test
00:06:14 Is Paying a Financial Advisor 1% Worth It?
00:08:22 When Should You Hire a Financial Advisor?
00:09:44 Ranking the Best Investment Accounts
00:11:38 The Financial Order of Operations
00:11:55 Should You Pay Off Your Mortgage Early?
00:14:13 Dave Ramsey's Roth vs. Traditional 401(k) Advice
00:16:33 The Tax Strategy Most Investors Overlook
00:19:50 How to Find Financial Advice You Can Trust
🔗 Financial Order of Operations (Free Download) → https://moneyguy.com/resource/financial-order-of-operations/
🔗 8 Questions to Ask Your Financial Advisor → https://moneyguy.com/resource/8-questions-to-ask-your-financial-advisor/
🔗 The Ultimate 401(k) Guide → https://moneyguy.com/guide/401k/
🔗 Wealth Multiplier by Age → https://moneyguy.com/resource/wealth-multiplier-by-age/
🔗 2026 Tax Guide → https://moneyguy.com/resource/2026-tax-guide/
🎓 Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) share professional insights to help you own your financial future.
Jump start your journey with our FREE financial resources: https://moneyguy.com/resources/
Subscribe on YouTube for early access and go beyond the podcast: https://www.youtube.com/c/MoneyGuyShow?sub_confirmation=1
Connect with us on social media for more content: https://moneyguy.com/link-in-bio/
Take the relationship to the next level and become a client: https://moneyguy.com/become-a-client/
#WealthBuilding #PersonalFinance2026 #RetirementPlanning #FinancialFreedom
Category (YouTube): People & Blogs
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