The Money Guy Show - YT/Podcast

Been following them for some months now, much better overall for people wanting to get beyond the Dave Ramseys of the world. They are more realistic and have a better set of rules/guidelines to follow than Ramsey does. I think they really will set people up best for retirement with their method over Ramsey's "just save 15% regardless of what age for retirement after paying off all debt except the house" approach.

One thing I dont like about them are their obsession with Target date funds. Just dont like them personally as they get too conservative and have too low of returns once they get closer to their date as I just dont buy into the old advisor thinking of getting really conservative with funds close to retirement/date you are getting the fund for with bonds just being an awful investment for a while now.

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One thing I dont like about them are their obsession with Target date funds.

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Yep, I think they use it to simplify the process for people getting started but I would much prefer if they recommended a 3 or 4 fund strategy that minimizes the expense ratios.

I also don't love their push that one must have a 3 year or less car loan. I appreciate it is conservative but I don't believe it needs to be a rule as they defined it.

They seem like a great graduation from folks that started with Ramsey and want to further build their financial acumen.

They get very repetitive. They definitely have good ideas though. After few episodes, you know most of what they’ll say.

The podcast started releasing a midweek episode. More Q&A. It’s a good break from their Friday podcast

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I also don't love their push that one must have a 3 year or less car loan.

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I actually kind of like it because it really reigns people in on cars. Which is the primary thing keeping so many people broke over time, leasing car after car, getting a 5-6-7 year loan, once it's paid off just getting another. Rolling negative equity into a new car loan, etc...

3 year loans used to be the norm seems like not that terribly long ago. The biggest issue though they are trying to avoid people getting into negative equity on vehicles for extended amounts of time with the 20% down part.

I think they are hyper aggressive on the luxury car brand pay off in 12 months though. Clearly can tell they grew up here in ATL which is a "Car rich" city where so many people are driving luxury cars who cant afford them. So many people get into their BMW, MB or Audi; have a big payment, then hit that first big service and cant afford the few thousand bucks for it because it's a BMW/MB/Audi and just trade it in for another one

In the end I totally get it, it's easy to be car rich and wealth/investment poor as a result for wayyyyy too many people with super long even low interest loans on new cars these days. The idea is to get people out of the car payment mindset ultimately so they can invest those $ instead. I do think as time goes on if they can adjust it for people who are wealthier it would make more sense. As far as people still really trying to build wealth though, I think it's a pretty solid rule to follow.

They're a little boring but give out some good advice. I'm also a fan of their FOO.