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	<title>Brian Preston's "Money Guy" Blog and Podcast</title>
	
	<link>http://www.money-guy.com</link>
	<description>Brian Preston, CPA, CFP®, PFS, blogs and podcasts about restoring order to your personal financial chaos. By day, he\'s a partner in a fee-only wealth management and financial planning firm, Preston &amp; Cleveland. After hours, he pursues his passion: providing financial education that goes \"beyond common sense\".</description>
	<pubDate>Wed, 01 Oct 2008 17:49:09 +0000</pubDate>
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		<copyright>Copyright 2006-2008 Brian Preston</copyright>
		<managingEditor>Brian@Money-Guy.com (Brian Preston, CPA, CFP&amp;reg;, PFS)</managingEditor>
		<webMaster>Brian@Money-Guy.com(Brian Preston, CPA, CFP&amp;reg;, PFS)</webMaster>
		<category>personal finance</category>
		<ttl>1440</ttl>
		<itunes:keywords>money,investment,investing,401k,IRA,economy,financial,planning,mutual,funds,taxes,personal,finance,retirement,fee,only,fee,only,dollars,CDs,wealth,management,financial,education,wealth,money,management,finance,mangement,savings,bonds,stocks,Vanguard</itunes:keywords>
		<itunes:subtitle>Restoring order to your personal financial chaos</itunes:subtitle>
		<itunes:summary>Brian Preston, CPA, CFP®, PFS: Going "beyond common sense", Brian's blog and podcast bring you the tools and information you need to restore order to your personal financial chaos. By day, Brian is a fee-only Certified Financial Planner and wealth manager at Preston &amp; Cleveland in Atlanta, GA. As a hobby, he also blogs and podcasts at www.money-guy.com.</itunes:summary>
		<itunes:author>Brian Preston, CPA, CFP, PFS</itunes:author>
		

		
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		<thespringbox:skin xmlns:thespringbox="http://www.thespringbox.com/dtds/thespringbox-1.0.dtd">http://feeds.feedburner.com/Money-guycom?format=skin</thespringbox:skin><media:copyright>Copyright 2006-2008 Brian Preston</media:copyright><media:thumbnail url="http://www.money-guy.com/images/moneyguy3.jpg" /><media:keywords>money,investment,investing,401k,IRA,economy,financial,planning,mutual,funds,taxes,personal,finance,retirement,fee,only,fee,only,dollars,CDs,wealth,management,financial,education,wealth,money,management,finance,mangement,savings,bonds,stocks,Vanguard</media:keywords><media:category scheme="http://www.itunes.com/dtds/podcast-1.0.dtd">Business/Investing</media:category><media:category scheme="http://www.itunes.com/dtds/podcast-1.0.dtd">Business/Business News</media:category><media:category scheme="http://www.itunes.com/dtds/podcast-1.0.dtd">Business/Management &amp; Marketing</media:category><media:category scheme="http://www.itunes.com/dtds/podcast-1.0.dtd">Business</media:category><itunes:owner><itunes:email>brian@money-guy.com</itunes:email><itunes:name>Brian Preston, CPA, CFP, PFS</itunes:name></itunes:owner><itunes:category text="Business"><itunes:category text="Investing" /></itunes:category><itunes:category text="Business"><itunes:category text="Business News" /></itunes:category><itunes:category text="Business"><itunes:category text="Management &amp; Marketing" /></itunes:category><itunes:category text="Business" /><creativeCommons:license>http://creativecommons.org/licenses/by/2.0/</creativeCommons:license><xhtml:meta xmlns:xhtml="http://www.w3.org/1999/xhtml" name="robots" content="noindex" /><atom10:link xmlns:atom10="http://www.w3.org/2005/Atom" rel="self" href="http://feeds.feedburner.com/Money-guycom" type="application/rss+xml" /><feedburner:emailServiceId>240033</feedburner:emailServiceId><feedburner:feedburnerHostname>http://www.feedburner.com</feedburner:feedburnerHostname><item>
		<title>The Silver Lining of a Financial Crisis</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/408453087/the-silver-lining-of-a-financial-crisis</link>
		<comments>http://www.money-guy.com/the-silver-lining-of-a-financial-crisis#comments</comments>
		<pubDate>Wed, 01 Oct 2008 17:49:09 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
		<category><![CDATA[Podcasts]]></category>

		<category><![CDATA[Investments]]></category>

		<category><![CDATA[Market Volatility]]></category>

		<guid isPermaLink="false">http://www.money-guy.com/?p=240</guid>
		
			<content:encoded><![CDATA[Money-Guy 10-01-2008
What a week! Actually, what a past couple of weeks! Obviously, it wouldn't be too hard to harp on all of the bad stuff going on right now. So, instead of doing that, I would like to focus on some of the silver lining and maybe some of the positive things that could come [...]<br/>
<br/>
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		<item>
		<title>News Nightmares &amp; Bank Debacles</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/394620363/news-nightmares-bank-debacles</link>
		<comments>http://www.money-guy.com/news-nightmares-bank-debacles#comments</comments>
		<pubDate>Tue, 16 Sep 2008 22:44:26 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
		<category><![CDATA[Podcasts]]></category>

		<guid isPermaLink="false">http://www.money-guy.com/?p=233</guid>
		
			<content:encoded><![CDATA[Money-Guy 09-16-2008

So this is the question of the hour: What is going on? Or maybe the better question is: What got us into this mess? The real answer is a perfect storm with many moving parts acting together to drag down the financial markets. The more simple answer, although not necessarily the entire cause, is [...]<br/>
<br/>
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		<item>
		<title>Cheese Grits, College Savings, Black Holes, and HELOCs</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/387995366/cheese-grits-and-college-savings-black-holes-and-helocs</link>
		<comments>http://www.money-guy.com/cheese-grits-and-college-savings-black-holes-and-helocs#comments</comments>
		<pubDate>Tue, 09 Sep 2008 20:44:02 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
		<category><![CDATA[Podcasts]]></category>

		<guid isPermaLink="false">http://www.money-guy.com/?p=218</guid>
		
			<content:encoded><![CDATA[Money-Guy 09-09-2008

For most parents, saving for their child's education is always a priority. With the volatility and uncertainty in today's market, it has become a priority that is not so easy to fund. Most would agree that a hundred dollars here or a hundred dollars there, while not providing a full ride, would definitely help [...]<br/>
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		<item>
		<title>Tax Smart and Creative Ways to Better the World</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/376501177/tax-smart-and-creative-ways-to-better-the-world</link>
		<comments>http://www.money-guy.com/tax-smart-and-creative-ways-to-better-the-world#comments</comments>
		<pubDate>Wed, 27 Aug 2008 20:46:39 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
		<category><![CDATA[Podcasts]]></category>

		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://www.money-guy.com/?p=181</guid>
		
			<content:encoded><![CDATA[Tax Smart and Creative Ways to Better the World (Click here to listen) (click on the icon to play audio)
In tight economic times charities are often hit with increasing needs from the individuals who require their services.  To make matters worse, generous donors are struggling with their own financial issues resulting in less donations [...]<br/>
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		<media:content url="http://feeds.feedburner.com/~r/Money-guycom/~5/376501179/Money-Guy%2008-28-2008.mp3" fileSize="20314999" type="audio/mpeg" /><itunes:explicit>no</itunes:explicit><itunes:subtitle>Restoring order to your personal financial chaos</itunes:subtitle><itunes:author>Brian Preston, CPA, CFP, PFS</itunes:author><itunes:summary>Brian Preston, a fee-only financial planner, professional accountant, and wealth manager, goes beyond common sense in his weekly blog/podcast as he restores order to your personal financial chaos. His professional credentials, sophisticated topics, and approachable style have attracted thousands of iTunes listeners and made him a podcasting phenomena. brbr Learn more about Brian, read his weekly show notes, and follow his blog about managing your personal finances at www.money-guy.com. </itunes:summary><itunes:keywords>money,investment,investing,401k,IRA,economy,financial,planning,mutual,funds,taxes,personal,finance,retirement,fee,only,fee,only,dollars,CDs,wealth,management,financial,education,wealth,money,management,finance,mangement,savings,bonds,stocks,Vanguard</itunes:keywords><feedburner:awareness>http://api.feedburner.com/awareness/1.0/GetItemData?uri=Money-guycom&amp;itemurl=http%3A%2F%2Fwww.money-guy.com%2Ftax-smart-and-creative-ways-to-better-the-world</feedburner:awareness><feedburner:origLink>http://www.money-guy.com/tax-smart-and-creative-ways-to-better-the-world</feedburner:origLink><enclosure url="http://feeds.feedburner.com/~r/Money-guycom/~5/376501179/Money-Guy%2008-28-2008.mp3" length="20314999" type="audio/mpeg" /><feedburner:origEnclosureLink>http://www.money-guy.com/podcasts/Money-Guy%2008-28-2008.mp3</feedburner:origEnclosureLink></item>
		<item>
		<title>Fairy-Tale Foreclosure, How a Planner Works, and Dark Knight Review</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/363279443/fairy-tale-foreclosure-how-a-planner-works-and-dark-knight-review</link>
		<comments>http://www.money-guy.com/fairy-tale-foreclosure-how-a-planner-works-and-dark-knight-review#comments</comments>
		<pubDate>Tue, 12 Aug 2008 21:11:59 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
		<category><![CDATA[Podcasts]]></category>

		<category><![CDATA[financial planner]]></category>

		<category><![CDATA[foreclosure]]></category>

		<category><![CDATA[starting a business]]></category>

		<guid isPermaLink="false">http://www.money-guy.com/?p=176</guid>
		
			<content:encoded><![CDATA[Money-Guy 08-07-2008
Today's show is a grab-bag of goodies. If you keep up with pop-culture, you've probably come across the show Extreme Makeover Home Edition. If you're not familiar with this show, they select a family in need and makeover their home. One family they selected actually lived about fifteen minutes away from me, so when [...]<br/>
<br/>
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		<media:content url="http://feeds.feedburner.com/~r/Money-guycom/~5/363279444/Money-Guy%2008-07-2008.mp3" fileSize="18447663" type="audio/mpeg" /><itunes:explicit>no</itunes:explicit><itunes:subtitle>Restoring order to your personal financial chaos</itunes:subtitle><itunes:author>Brian Preston, CPA, CFP, PFS</itunes:author><itunes:summary>Brian Preston, a fee-only financial planner, professional accountant, and wealth manager, goes beyond common sense in his weekly blog/podcast as he restores order to your personal financial chaos. His professional credentials, sophisticated topics, and approachable style have attracted thousands of iTunes listeners and made him a podcasting phenomena. brbr Learn more about Brian, read his weekly show notes, and follow his blog about managing your personal finances at www.money-guy.com. </itunes:summary><itunes:keywords>money,investment,investing,401k,IRA,economy,financial,planning,mutual,funds,taxes,personal,finance,retirement,fee,only,fee,only,dollars,CDs,wealth,management,financial,education,wealth,money,management,finance,mangement,savings,bonds,stocks,Vanguard</itunes:keywords><feedburner:awareness>http://api.feedburner.com/awareness/1.0/GetItemData?uri=Money-guycom&amp;itemurl=http%3A%2F%2Fwww.money-guy.com%2Ffairy-tale-foreclosure-how-a-planner-works-and-dark-knight-review</feedburner:awareness><feedburner:origLink>http://www.money-guy.com/fairy-tale-foreclosure-how-a-planner-works-and-dark-knight-review</feedburner:origLink><enclosure url="http://feeds.feedburner.com/~r/Money-guycom/~5/363279444/Money-Guy%2008-07-2008.mp3" length="18447663" type="audio/mpeg" /><feedburner:origEnclosureLink>http://www.money-guy.com/podcasts/Money-Guy%2008-07-2008.mp3</feedburner:origEnclosureLink></item>
		<item>
		<title>Looking Back @ July 2008</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/354698232/looking-back-july-2008</link>
		<comments>http://www.money-guy.com/looking-back-july-2008#comments</comments>
		<pubDate>Sun, 03 Aug 2008 21:31:31 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
		<category><![CDATA[Other]]></category>

		<category><![CDATA[monthly roundup]]></category>

		<guid isPermaLink="false">http://www.money-guy.com/?p=164</guid>
		
			<content:encoded><![CDATA[Thanks and a huge shout-out to everyone who helped drive record numbers on the Money Guy website in July 2008.
If you've told a friend about me, subscribed to our free email update list, added a kind comment on iTunes, or linked to an article on your personal website, thank you! As one of the few [...]<br/>
<br/>
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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		<item>
		<title>Brian Preston's Guide to Selecting Mutual Funds</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/352112732/selecting-mutual-fund</link>
		<comments>http://www.money-guy.com/selecting-mutual-fund#comments</comments>
		<pubDate>Thu, 31 Jul 2008 20:53:39 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
		<category><![CDATA[Podcasts]]></category>

		<category><![CDATA[efficient market theory]]></category>

		<category><![CDATA[investment planning]]></category>

		<category><![CDATA[Liz Weston]]></category>

		<category><![CDATA[mutual fund]]></category>

		<category><![CDATA[stock market]]></category>

		<guid isPermaLink="false">http://www.money-guy.com/?p=151</guid>
		
			<content:encoded><![CDATA[Money-Guy 07-30-2008
The mutual fund universe is larger than ever and there are no signs of it slowing down. With more funds, more information, and easier access to this information, how can you go about selecting solid funds that are going to assist you in achieving your life goals?
With help from InvestorWords and BusinessDictionary, let's begin [...]<br/>
<br/>
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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</div><img src="http://feeds.feedburner.com/~r/Money-guycom/~4/352112732" height="1" width="1"/>]]></content:encoded>
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		<media:content url="http://feeds.feedburner.com/~r/Money-guycom/~5/352704941/Money-Guy%2007-30-2008.mp3" fileSize="19629129" type="audio/mpeg" /><itunes:explicit>no</itunes:explicit><itunes:subtitle>Restoring order to your personal financial chaos</itunes:subtitle><itunes:author>Brian Preston, CPA, CFP, PFS</itunes:author><itunes:summary>Brian Preston, a fee-only financial planner, professional accountant, and wealth manager, goes beyond common sense in his weekly blog/podcast as he restores order to your personal financial chaos. His professional credentials, sophisticated topics, and approachable style have attracted thousands of iTunes listeners and made him a podcasting phenomena. brbr Learn more about Brian, read his weekly show notes, and follow his blog about managing your personal finances at www.money-guy.com. </itunes:summary><itunes:keywords>money,investment,investing,401k,IRA,economy,financial,planning,mutual,funds,taxes,personal,finance,retirement,fee,only,fee,only,dollars,CDs,wealth,management,financial,education,wealth,money,management,finance,mangement,savings,bonds,stocks,Vanguard</itunes:keywords><feedburner:awareness>http://api.feedburner.com/awareness/1.0/GetItemData?uri=Money-guycom&amp;itemurl=http%3A%2F%2Fwww.money-guy.com%2Fselecting-mutual-fund</feedburner:awareness><feedburner:origLink>http://www.money-guy.com/selecting-mutual-fund</feedburner:origLink><enclosure url="http://feeds.feedburner.com/~r/Money-guycom/~5/352704941/Money-Guy%2007-30-2008.mp3" length="19629129" type="audio/mpeg" /><feedburner:origEnclosureLink>http://www.money-guy.com/podcasts/Money-Guy%2007-30-2008.mp3</feedburner:origEnclosureLink></item>
		<item>
		<title>Liz Weston - Loaded Celebrity Interview</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/343261563/liz-weston-loaded-celebrity-interview</link>
		<comments>http://www.money-guy.com/liz-weston-loaded-celebrity-interview#comments</comments>
		<pubDate>Wed, 23 Jul 2008 06:00:04 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
		<category><![CDATA[Podcasts]]></category>

		<category><![CDATA[cash reserves]]></category>

		<category><![CDATA[credit cards]]></category>

		<category><![CDATA[Liz Weston]]></category>

		<category><![CDATA[money market]]></category>

		<guid isPermaLink="false">613491257</guid>
		
			<content:encoded><![CDATA[Money-Guy 07-23-2008
We have a special treat for you on this installment of the Money Guy Show! I usually don't have guests on the show, but today we're fortunate to be joined by Liz Weston. As many of you will attest, Liz is an award-winning, nationally syndicated personal finance columnist with a unique gift for simplifying [...]<br/>
<br/>
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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		<media:content url="http://feeds.feedburner.com/~r/Money-guycom/~5/343261564/Money-Guy%2007-23-2008.mp3" fileSize="24933345" type="audio/mpeg" /><itunes:explicit>no</itunes:explicit><itunes:subtitle>Restoring order to your personal financial chaos</itunes:subtitle><itunes:author>Brian Preston, CPA, CFP, PFS</itunes:author><itunes:summary>Brian Preston, a fee-only financial planner, professional accountant, and wealth manager, goes beyond common sense in his weekly blog/podcast as he restores order to your personal financial chaos. His professional credentials, sophisticated topics, and approachable style have attracted thousands of iTunes listeners and made him a podcasting phenomena. brbr Learn more about Brian, read his weekly show notes, and follow his blog about managing your personal finances at www.money-guy.com. </itunes:summary><itunes:keywords>money,investment,investing,401k,IRA,economy,financial,planning,mutual,funds,taxes,personal,finance,retirement,fee,only,fee,only,dollars,CDs,wealth,management,financial,education,wealth,money,management,finance,mangement,savings,bonds,stocks,Vanguard</itunes:keywords><feedburner:awareness>http://api.feedburner.com/awareness/1.0/GetItemData?uri=Money-guycom&amp;itemurl=http%3A%2F%2Fwww.money-guy.com%2Fliz-weston-loaded-celebrity-interview</feedburner:awareness><feedburner:origLink>http://www.money-guy.com/liz-weston-loaded-celebrity-interview</feedburner:origLink><enclosure url="http://feeds.feedburner.com/~r/Money-guycom/~5/343261564/Money-Guy%2007-23-2008.mp3" length="24933345" type="audio/mpeg" /><feedburner:origEnclosureLink>http://www.money-guy.com/podcasts/Money-Guy%2007-23-2008.mp3</feedburner:origEnclosureLink></item>
		<item>
		<title>Protecting Yourself: Banking System Under Stress</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/340994273/protecting-yourself-u-s-banking-system-under-stress</link>
		<comments>http://www.money-guy.com/protecting-yourself-u-s-banking-system-under-stress#comments</comments>
		<pubDate>Sun, 20 Jul 2008 22:43:44 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
		<category><![CDATA[Podcasts]]></category>

		<category><![CDATA[bank account]]></category>

		<category><![CDATA[credit cards]]></category>

		<category><![CDATA[emergency fund]]></category>

		<category><![CDATA[FDIC]]></category>

		<category><![CDATA[HELOC]]></category>

		<guid isPermaLink="false">http://www.money-guy.com/?p=125</guid>
		
			<content:encoded><![CDATA[Money-Guy 7-17-2008
Our banking system's clearly under a lot of stress at the moment. Coming off a decade of aggressive mortgage lending, the system's troubles have been compounded by a sputtering economy and retreating stock market.
As an investor, you need to be smart about insulating yourself from the system's problems. While I don't want to [...]<br/>
<br/>
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		<item>
		<title>Navigating Stormy Economic Waters</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/331959400/navigating-stormy-investment-waters</link>
		<comments>http://www.money-guy.com/navigating-stormy-investment-waters#comments</comments>
		<pubDate>Thu, 10 Jul 2008 18:30:07 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
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			<content:encoded><![CDATA[Money-Guy 7-9-2008
Pick your economic worry -- there's more than enough to go around: mortgage crisis? faltering U.S. economy? government deficits? skyrocketing oil prices? geo-political instability? rising inflation rates?
As a financial planner, I see and feel the anxiety that my clients are experiencing. For most, the anxiety peaks each quarter with the arrival of their [...]<br/>
<br/>
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<itunes:duration>30:06</itunes:duration>
		<itunes:subtitle>Money-Guy 7-9-2008

Pick your economic worry -- there's more than enough to go around: mortgage crisis? faltering U.S. economy? government deficits? skyrocketing oil prices? geo-political ...</itunes:subtitle>
		<itunes:summary>Money-Guy 7-9-2008

Pick your economic worry -- there's more than enough to go around: mortgage crisis? faltering U.S. economy? government deficits? skyrocketing oil prices? geo-political instability? rising inflation rates?
As a financial planner, I see and feel the anxiety that my clients are experiencing. For most, the anxiety peaks each quarter with the arrival of their once-welcomed, now-dreaded brokerage statements. More than a few are disappointed to find their investment balance well below where it was a year ago -- despite having made periodic contributions. If you factor in the popular media's doom and gloom outlook, you have the perfect storm of investing negativity.
In these stormy times, I try and help my clients see over the waves and through the fog. Selling out and fleeing the market may feel right, but it flies in the face of the best advice you'll ever get about succeeding in the stock market: buy low and sell high. With the S#38;P 500 off more than 15% in the past year, perhaps it helps to think of the market as being temporarily on sale?
By leaving the market now, you're also implicitly betting that you can time the market and successfully re-enter when it begins to rise once again. In my experience, this rarely happens. Instead, market timers often end up buying back into the market at or near its next peak. They've thus sold low and bought high.
Worse, cash itself is not an overly attractive alternative to the market at the moment either. Between taxes and inflation, most so-called safe havens are actually losing ground in real terms. If your savings account yields 3-5%, you're losing spending power, not preserving it.
As I advise my clients, (almost) every portfolio benefits over time from equity investments: if you want to grow your net worth in the long-term and outpace taxes and inflation, you need to be in the market. To the extent you're anxious about the market and your risk exposure, I strongly encourage a rethinking of your asset allocation. Are you perhaps over-invested in the stock market? Maybe you're over-invested in certain parts of the stock market? Or, perhaps you've overlooked ways to dampen volatility with non-traditional investment classes?
(If this describes you, please check out the podcast I did on October 1, 2007 titled Asset Allocation Basics. In this podcast I talk about the significant impact asset allocation can have on your financial well-being and give you a starting point for determining your correct asset allocation. This is where you can incorporate fear into your financial plan. If it is adequately considered in your asset allocation, then it shouldnrsquo;t be a worry for you through turbulent times.)
As you listen to this week's podcast, I'll attempt to answer 3 questions about navigating today's stormy economic waters:


	1) When should I invest?
	2) Where should I invest?
	3) How should I invest?

***

Thanks for listening! If you enjoyed the show, please visit the Apple iTunes website and leave positive feedback. They often feature shows like this one that have consistently good feedback and a growing listenership. If we can do a better job, drop me a personal email. See you next week ;-)

[audio: http://money-guy.com/podcasts/Money-Guy 07-09-2008.mp3]
Related posts:
Fear, Financial Markets, and Your Money
The Price of Security - Immediate Annuities
Buffett Time - 2007 Annual Shareholders Letter
2008 Financial Resolutions and How Not to Have a 1987 Portfolio
Lazy Investors Are the Wealthiest


Categories: Podcasts.
Tags: asset allocation, diversification, investment planning, investor psychology, recession, stock market.

</itunes:summary>
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		<itunes:author>Brian Preston, CPA, CFPreg;, PFS</itunes:author>
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		<item>
		<title>Are Tax-Deferred Savings a Ticking Time Bomb?</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/319975800/tax-deferred-savings-time-bomb</link>
		<comments>http://www.money-guy.com/tax-deferred-savings-time-bomb#comments</comments>
		<pubDate>Wed, 25 Jun 2008 16:32:53 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
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			<content:encoded><![CDATA[Money-Guy 6-24-2008
&#34;If Thomas Jefferson thought taxation  without representation was bad, he should see how it is with representation.&#34; - Anonymous
Deferring taxes has always been a bedrock principle of retirement planning. The logic is simple: why would anyone pay the government now when tax-deferred accounts allow you to delay your obligation for 15, 25, and [...]<br/>
<br/>
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<itunes:duration>00:01:01</itunes:duration>
		<itunes:subtitle>Money-Guy 6-24-2008

#34;If Thomas Jefferson thought taxation  without representation was bad, he should see how it is with representation.#34; - Anonymous

Deferring taxes has always been ...</itunes:subtitle>
		<itunes:summary>Money-Guy 6-24-2008

#34;If Thomas Jefferson thought taxation  without representation was bad, he should see how it is with representation.#34; - Anonymous

Deferring taxes has always been a bedrock principle of retirement planning. The logic is simple: why would anyone pay the government now when tax-deferred accounts allow you to delay your obligation for 15, 25, and maybe even 40 years? If a reduced household income after retirement put you in a lower tax bracket, the savings could be considerable.

But, what would happen if your tax rate after retirement was actually higher then what you would pay today? Could we see a scenario where deferring 25 cents in taxes today ends up costing you 33 cents (or more) when you withdraw your money in retirement?

It's a frightening thought if you worry, as I do, about the sustainability of current tax rates. Given the poor financial health of the federal government and our unfunded liabilities associated with health care and social security, many experts believe that tax rates will surely rise over the coming years.

The Wall Street Journal's Jonathan Clements examined this concern in a fascinating article, #34;Protecting Your Retirement No Matter Who's President#34;. Under most reasonable tax rate scenarios, he concluded that tax-deferred accounts still generally make sense if you have a long enough time frame.nbsp; He ultimately recommended a sensible sounding 3-pronged strategy that should hedge your exposure to most tax code reform efforts. There are a lot of caveats in his analysis so I suggest you read the article carefully and run your own analysis.

In today's show, I also share my thoughts about a favorite fund of mine, Dodge #38; Cox Stock, that's recently reopened its doors to individual investors. I generally don't recommend actively managed large cap mutual funds, but this fund's approach to investing and its long-term track record might make them worth a look for your portfolio. Since your situation will be unique, please reach your own conclusion by examining their prospectus and track record.


***

Thanks for listening! If you enjoyed the show, please visit the Apple iTunes website and leave us some positive feedback. They often feature shows like this one that have consistently good feedback. If we can do a better job, drop me a personal email. See you next week ;-)

[audio: http://www.money-guy.com/podcasts/Money-Guy 06-24-2008.mp3]


Related posts:
Prioritize Retirement Savings and Where to Invest Cash
Dave Ramsey: Financial Planning Guru ... or Charlatan?
12 Investment Mistakes Couples Make
The Price of Security - Immediate Annuities
Stimulus Package, Tax Preparation Discussion, and IRA Rollovers


Categories: Podcasts.
Tags: 401(k), 403(b), election, government, investment planning, retirement planning, Roth IRA, taxes.

</itunes:summary>
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		<item>
		<title>Father's Day 2008: Teaching Children About Money</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/315519740/father-s-day-2008-teaching-children-about-money</link>
		<comments>http://www.money-guy.com/father-s-day-2008-teaching-children-about-money#comments</comments>
		<pubDate>Thu, 19 Jun 2008 15:40:06 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
		<category><![CDATA[Podcasts]]></category>

		<category><![CDATA[budgeting]]></category>

		<category><![CDATA[children]]></category>

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		<guid isPermaLink="false">http://www.money-guy.com/?p=121</guid>
		
			<content:encoded><![CDATA[Money-Guy 6-17-2008
&#34;Any man can be a father, but it takes a special person to be a Dad.&#34; - Anonymous
Since we celebrated Father's Day this past weekend, I thought it'd be fun to discuss how parents can help their children grow up to be financially  responsible adults. Building on the ideas of Clark Howard, Dave [...]<br/>
<br/>
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<itunes:duration>00:01:01</itunes:duration>
		<itunes:subtitle>Money-Guy 6-17-2008

#34;Any man can be a father, but it takes a special person to be a Dad.#34; - Anonymous

Since we celebrated Father's Day this past ...</itunes:subtitle>
		<itunes:summary>Money-Guy 6-17-2008

#34;Any man can be a father, but it takes a special person to be a Dad.#34; - Anonymous

Since we celebrated Father's Day this past weekend, I thought it'd be fun to discuss how parents can help their children grow up to be financially  responsible adults. Building on the ideas of Clark Howard, Dave Ramsey, listen to the show as I discuss four big questions about children and money:


	When should you begin teaching your children about money?


	Should you  pay an allowance and how much?


	When should you consider opening a savings  account for your children?


	How can you encourage investing in your household?



The news of Tim Russert passing away hit me pretty hard. I really enjoyed Tim on NBC and felt a special kinship with him after reading his book, Big Russ #38; Me, a few years ago. The book shares a lot about the  unique relationship he had with his father and remains to this day one of my favorites. 

Bonus link:

J.D. at GetRichSlowly gets real personal as he shares a poignant letter from his late father. Great stuff -- check it out.

***

Thanks for listening! If you enjoyed the show, please visit the Apple iTunes website and leave us some positive feedback. They often feature shows like this one that have consistently good feedback. If we can do a better job, drop me a personal email. See you next week ;-)

[audio: http://www.money-guy.com/podcasts/Money-Guy 06-17-2008.mp3]


Related posts:
Rethinking Life#039;s Necessities, Wants, and Wishes
Recession and the First Quarter 2008 - Avoiding Advisers Who Push Risky Products
Stimulus Package, Tax Preparation Discussion, and IRA Rollovers


Categories: Podcasts.
Tags: budgeting, children, Father#039;s Day.

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		<itunes:keywords>Podcasts</itunes:keywords>
		<itunes:author>Brian Preston, CPA, CFPreg;, PFS</itunes:author>
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		<itunes:block>No</itunes:block>
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		<item>
		<title>Wow! We Win "Best Future Value Blog"!</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/310885955/wow-best-future-value-blog</link>
		<comments>http://www.money-guy.com/wow-best-future-value-blog#comments</comments>
		<pubDate>Fri, 13 Jun 2008 03:56:16 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
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		<guid isPermaLink="false">http://www.money-guy.com/?p=117</guid>
		
			<content:encoded><![CDATA[If you're a regular visitor or listener, you know I don't blog and podcast here for fame and fortune. Most months, I'm lucky if contributions from listeners come close to my hefty hosting and bandwidth expenses.
I'm instead motivated by a conviction that everyone, rich or poor, deserves access to high quality personal finance counsel. So, [...]<br/>
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		<item>
		<title>Rethinking Life's Necessities, Wants, and Wishes</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/309070445/deceiphering-life-s-necessities-wants-and-wishes</link>
		<comments>http://www.money-guy.com/deceiphering-life-s-necessities-wants-and-wishes#comments</comments>
		<pubDate>Tue, 10 Jun 2008 19:59:31 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
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		<category><![CDATA[Bankrate]]></category>

		<category><![CDATA[budgeting]]></category>

		<category><![CDATA[frugality]]></category>

		<category><![CDATA[saving money]]></category>

		<guid isPermaLink="false">http://www.money-guy.com/?p=115</guid>
		
			<content:encoded><![CDATA[Money-Guy 06-10-2008
I think a lot about our culture and how the virtues of frugality and simplicity seem to have been forgotten by many of us.
As never before, the popular media show us how ultra-wealthy athletes, entertainers, and business titans live, travel, eat, and dress. Combined with easy credit and a &#34;want-it-now&#34; mindset, we've started to [...]<br/>
<br/>
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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<itunes:duration>23:27</itunes:duration>
		<itunes:subtitle>Money-Guy 06-10-2008

I think a lot about our culture and how the virtues of frugality and simplicity seem to have been forgotten by many of us.

As ...</itunes:subtitle>
		<itunes:summary>Money-Guy 06-10-2008

I think a lot about our culture and how the virtues of frugality and simplicity seem to have been forgotten by many of us.

As never before, the popular media show us how ultra-wealthy athletes, entertainers, and business titans live, travel, eat, and dress. Combined with easy credit and a #34;want-it-now#34; mindset, we've started to lose sight of life's necessities, wants, and wishes.

In reality -- where we all actually live -- we're deluding ourselves when we blur the lines and turn everything into a must-have necessity. Wants and wishes aren't necessities!

Jay MacDonald, a favorite writer of mine on Bankrate, wrote recently about 12 new "necessities" that drain your cash. He shared a point of view that really hit home with me:
... modern life has created a host of #34;new necessities#34; that many people swear they cannot live without -- a daily latte, premium cable, a weekly manicure, a new leased automobile and cell phones for the family.

In reality, there's a more accurate word for those pricey add-ons: entitlements.

If you want to significantly cut spending, it's important to take a closer look at what you consider to be needs.
MacDonald opens the article by reminding us that the true necessities in life never change: food, water, shelter, and clothing. He then goes on to list 12 #34;necessities#34; that individuals and families should reconsider if they want to save some serious cash. It's not my intention to take all the fun out of life and not all the ideas will work for everyone, but the list may be a good starting point to rethink some of your spending.

As you listen to the show, Irsquo;ll touch on some of these items:

	Daily lattes: Topping $5 in many cases, these drinks can be 100 times more expensive than what you brew at home. Save by buying your Starbucks coffee at Costco and investing in a high quality grinder and coffee maker.
	Cable television: How many channels do you really need? Could you watch your favorite shows online at Hulu? Consider dropping your premium channels or discontinuing cable altogether.
	Weekly manicures and pedicures: Getting these done every week feels like a possible indulgence, especially if you can alternate weeks where you do them yourself.
	Botox wrinkle treatment: Not my area of expertise, but consider letting more of your natural beauty show through. Like a fine wine, I'm letting myself age to perfection ;-)
	Bottled water: A genius business model! You can get water out of any faucet and treat it yourself with a charcoal tap filter.  Many refrigerators will even filter tap water for you.
	Multiple cars: Your job and commute may necessitate multiple cars for your family, but a third and fourth start to feel excessive. Buying reliable used cars and maintaining the ones you have should always be part of your plan.
	Cell phone: The savings opportunity here will depend on your personal circumstances. That said, prepaid plans can help cap your spending and avoid month-end surprises. Scaling back on expensive plans with music, television, and Internet access can also deliver painless savings.
	Private school: Again, the opportunity here will depend on your circumstances. Public schools are certainly cheaper than privates ones, but you'll need to feel comfortable with your decision. As I've done, you can get also involved locally to improve your school system.
	Childhood parties: Have you seen MTVrsquo;s #34;My Sweet Sixteen#34;? We all love our children, but I donrsquo;t think anyone should be expecting a BMW or Ashton Kutcher just because they aged another year. Keep your parties simple and avoid the temptation to compete with other parents.
	Pet grooming and walking: You can go online and learn how groom your pet with a $25 set of electric clippers. And who knows, maybe the daily dog walk will motivate you to cancel the gym membership you pay for but never use? :-)

In the show today, I also touch on some interesting new we...</itunes:summary>
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		<itunes:author>Brian Preston, CPA, CFPreg;, PFS</itunes:author>
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		<title>Welcome, Carnival of Personal Finance visitors!</title>
		<link>http://feeds.feedburner.com/~r/Money-guycom/~3/303004970/welcome-carnival-of-personal-finance-visitors</link>
		<comments>http://www.money-guy.com/welcome-carnival-of-personal-finance-visitors#comments</comments>
		<pubDate>Mon, 02 Jun 2008 14:06:14 +0000</pubDate>
		<dc:creator>brian@money-guy.com (Brian Preston, CPA, CFP, PFS)</dc:creator>
		
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			<content:encoded><![CDATA[If you've arrived here via this week's Carnival of Personal Finance, welcome!
I'm Brian Preston, a fee-only financial planner in Atlanta by day and host of the popular &#34;Money Guy&#34; blog and podcast in my spare time. Going &#34;beyond common sense&#34;, my goal is to bring you the tools and information you need to restore order [...]<br/>
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[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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