Skip to site content

Fear is a great sales tool. With every swing of the market, that fear grows, and your need to be educated on financial terms and strategies increases along with it. Before you get pitched on an annuity to calm your financial fears, use this episode to educate yourself!

Not every annuity or financial salesman is bad, but we’ve seen too many consumers be taken advantage of with this financial tool. This episode explains everything you need to know about annuities: what they are, how they work, and how to tell if you’re getting ripped off.

In this episode, you’ll learn:

  • The two types of annuities and how they differ
  • The difference between variable and fixed annuity fees
  • The downside of annuities (What they’re not telling you on the glossy brochure!)
  • How to tell if you’re making a bad investment

Research and resources from this episode:

Enjoy the Show?

Categories

Tags

Where You Can Watch and Listen:

Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:

  • Episodes of The Money Guy Show every Friday
  • Episodes of Making a Millionaire every other Monday
  • Mini-shows every Wednesday
  • Ask Money Guy Livestreams every Tuesday
  • Tons of other fun content!
Related Content

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills! Thumbnail

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...

Wealth Multiplier By Age Thumbnail

Free Resources

Wealth Multiplier By Age

If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.

Car Buying Checklist Thumbnail

Free Resources

Car Buying Checklist

Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...

Articles

5 Creative Ways To Save More Money Thumbnail

Articles

5 Creative Ways To Save More Money

Whether your goal is to increase your investing rate or save more for big goals like buying a home, going on a nice vacation, or...

All About the New Trump Accounts for Kids Thumbnail

Articles

All About the New Trump Accounts for Kids

In the One Big Beautiful Bill Act (OBBBA) passed last year, a new type of account called a 530A account or Trump account was authorized....

Are Index Funds Still Better Than Active Funds in 2025? Thumbnail

Articles

Are Index Funds Still Better Than Active Funds in 2025?

Over longer periods of time, index funds tend to outperform actively managed funds in most categories. Recently, total assets in index funds have surpassed the...

Financial FAQs

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

Financial Order of Operations®: Maximize Your Army of Dollar Bills! Thumbnail

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...

Wealth Multiplier By Age Thumbnail

Free Resources

Wealth Multiplier By Age

If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.

Car Buying Checklist Thumbnail

Free Resources

Car Buying Checklist

Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...

Recent Episodes

It's like finding some change in the couch cushions.

Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.

The Uncomfortable Truth About 401(k)s Thumbnail

Episodes

The Uncomfortable Truth About 401(k)s

Hidden fees, forgotten accounts, and a Roth surprise could be costing you trillions in retirement. Bo breaks down five 401(k) truths and what you can...

How Much Money Can We Give Away In One Episode? Thumbnail

Episodes

How Much Money Can We Give Away In One Episode?

Free money AND financial wisdom? We break down how $1,000 compounds over time and answer your money questions with the opportunity to win $1,000!

Financial Advisors React to INSANE Money Clips Thumbnail

Episodes

Financial Advisors React to INSANE Money Clips

From "it's never a spending issue" to sketchy tax deductions, we react to some INSANE money clips to separate the helpful advice from mindsets that...