How to Win With Money in 2023!
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The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW!
We can’t wait to see you accomplish your goals and reach financial freedom! New shows every week on YouTube and your favorite podcast app. Thanks for coming along on the journey with us….(read more)
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As we approach the end of 2021, it’s time to start thinking about what the future holds for our finances. With the world still recovering from the economic impact of the pandemic, it’s important to start planning now to make sure you’re in a good position to win with money in 2023. Here are some tips to help you get ahead:
1. Set Financial Goals: Before you can start planning for the future, you need to set financial goals. Think about what you want to achieve in the next two years, such as saving for a house, paying off debt, or investing in the stock market. Once you have a clear goal in mind, you can start taking the steps needed to reach it.
2. Create a Budget: A budget is a great way to keep track of your income and expenses so you can make sure you are living within your means. Set up a budget that you can stick to and make sure to review it regularly to make sure you are staying on track.
3. Make Smart Investments: Investing can be a great way to grow your wealth over time. However, it’s important to do your research and make sure you are investing in the right assets. Look for investments with low risk and high returns, such as stocks, bonds, and mutual funds.
4. Protect Your Money: Don’t forget to safeguard your money. Make sure you are taking the necessary steps to protect your financial information, such as using a secure password and two-factor authentication. You should also consider getting insurance to protect your assets in case of an unexpected event.
5. Automate Your Finances: Automating your finances can help you stay on top of your finances and make sure you don’t miss any important payments. Consider setting up automatic payments for bills and savings so you don’t have to worry about it.
By following these tips, you can be well on your way to winning with money in 2023. Start planning now to make sure you are in a good position to reach your financial goals and enjoy a secure financial future.
How old is bo lol
Am i the only one who couldnt read bo’s net worth statement?
Is someone saying the content is repetitive? I have on multiple occasions rewatched the same video multiple times. Not many channels I can say that for. The information is gold!
If I hear something again it helps cement it in my mind and mentally test if I find it true in my experience.
There is no worst case plan, things can always get worse. What if the market crashes and your employer goes out of business, then your house is destroyed in a natural disaster and the insurance company goes broke so you don't get a payout, then the IRS decides to aggressively audit you, then you're diagnosed with cancer and need expensive treatment…
Obviously all this at once is unlikely, but it demonstrates the point that something else can always go wrong. So how do you decide what's a reasonable "bad case"?
Totally agree about the importance of written goals! I don't do resolutions, but I do use the new year to reset my short, medium, and long term measurable goals. I look at them at least weekly throughout the year and find that I exceed them each year. It really keeps me focused on my priorities. (I also do a big stretch category just for inspiration!)
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities
Question, at 25 years old to 65 years old with 6,500 in every year comes without interest comes to 260,000. You are saying it could be 286,000 in that time frame so a gain of 26,000 with interest. Is 26,000 over 40 years a big return? Love the show thanks!
I love the money team. Thank you for giving me the courage to start investing. I make 120k a year and save 70% of my paycheck but I am sacred to invest.
Been keeping track of my net worth (account balances, and I pro-rate depreciation on my vehicle and other hard goods) on a weekly basis since 2019, it's amazing to have the higher resolution and see the market guiding my allocations up and down, it's been fun.
Wow, I was richer than Bo on 12/31/09 (+$10k). I'm most likely a bit older (currently 39) and I didn't have a house yet, but still, interesting comparison. He also had a nicer car. I was rolling in a '99 Corolla, living in a studio apartment with my wife, and struggling to find full-time work. I simply had some extra money from my college savings that went into our first home's down payment a year later.
I love these guys hey if being repetitive is the thing that’s going to get me to financial freedom well let it be these guys definitely know what their talking about I’m all in it! Keep up the great content!
I'm 23 years old and I decided to do a net Worth Statements this year since this channel and Dave Ramsay's channel inspire me to keep up with my money goals and accomplishments. I have a net worth of 115,000 I had no idea! I thought it was much lower but once I actually added in my vehicle, my 401k, all the cash i have from my side hussles it climbed really fast. You are an inspiration to young people and everybody needs to watch a few of your shows so they can get a grasp on their wealth and live like no one else
Net worth = assets-debts
Everyone should have a balance sheet with these numbers on 1-2 pages.
It gets easy and is quite the motivator.
Trust me.
My wife volunteered to look at our finances from this past year and itomize them to get our realistic budget ready for this year… And I'm blown away! She rarely shows any interest in our finances, and I'm stoked to not be alone on it!
I'm in my 50s and I'm more interested in investments that could set me up for retirement, I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year what’s the strategy behind such returns?
Over the holidays, one of my friends told me that he and his wife got scared last year and had moved all of their retirement savings into cash and bonds. My jaw just about fell off my face. They are intelligent people, college professors. I don't think he was looking for advice, but I sure hope he re-thinks , moves that money back in, and doesn't try to time the market. Not great to already be behind on savings and then start making big mistakes.
This is a nitpick: Thoughts on taking the barcodes off the mic stands and leveling/aligning the sign on the same horizontal axis as the desk?
When I started properly monitoring my investments, I started to amass riches. The importance of professional mentoring cannot be understated. Without the right coaching, people are more likely to make errors and lose money. This is why Juliann Hart's tactics are different and incredibly successful, which is why I prefer to invest with her.
Making money is an action. Keeping money is a behavior, but "Growing money is wisdom" I figured this out a week ago
Imagine putting this much time and effort into money just to die and not take any of it with you lmao
Thank y’all for sharing. The net worth statement is vey inspiring
REALLY appreciate seeing that 2009 net worth statement! Thank you for sharing!
With SMART goals, the R should be Relevant. If it's Achieveable, it's Realistic….
I wasn’t always one to workout but, now I ROW (very low impact)(Concept2 is the maker of the Rower!
I start with Pull-ups (about 7) then Sit-ups! I do 200 sit-ups! Very proud of this!
Then I Row for 350-Calories (about 35 minutes)!
All in all, it’s been great!
I watch this show a lot. Very helpful
I've heard it many times that just putting however much is left over each month in savings is a bad idea but it works for me. I start with a budget and do my best to keep each category down. Most end up under the max, a few always go over.
But I always end up saving more each month than I have planned on.
Weird
Nice to see Bo excited about this episode for a change!
Not repetition, reinforcement!
Still haven't recovered from 2008…
I disagree with those that say your show is repetitive. At least, I disagree that that’s a bad thing. I go to church every week not because I learn new things, but because it helps me to always remember the most important things. I listen to the money guy for the same reason. It keeps me motivated and it keeps me out of the ditch I could make for myself otherwise. Behaviorally, this show is gold! And I continue to find it entertaining! Thank you!