Financial Advisors React to Big Money Fails

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 31 January 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We see big money fails on social media all the time, so we had to get Brian and Bo's reactions to some of the craziest money fails out there on today's react episode. Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I've been losing all my money sports betting so I'm selling my car at CarMax so I can get some money and bet on tonight's Cowboys Bengals Monday night football game.
0:11.0	Hey guys, the team has put together some cold videos for us on big money mistakes.
0:18.0	I am so excited to see what the internet has for us today.
0:23.6	Let's dive in.
0:24.6	This is how much I made this week is a 20 year old full-time day trader.
0:26.6	Monday.
0:27.6	In one day, I lost $4,270.
0:29.6	It's been worse.
0:30.6	Tuesday.
0:31.6	It saved my week.
0:32.6	$7,100.
0:33.6	Maybe this week ain't so bad.
0:34.6	Wednesday.
0:35.6	Big news event.
0:36.6	I didn't trade $0. It felt so good.
0:37.8	People ask me how I get used to losing so much money.
0:40.2	I don't.
0:41.0	And today, I said I was going to come back.
0:42.6	I dug a deeper hole.
0:43.6	But I'm only down this much.
0:45.3	It's been worse.
0:45.9	Surprisingly.
	...

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