Financial Advisors React to Financial Advice on YouTube!

Money Guy Show

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

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 20 October 2025

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Real money talk - student loans, $600 car payments, and the trap of “saving” without investing. We react to YouTube advice about how simple choices (Roth IRA, index funds, and automatic contributions) turn $10k into real progress, why “always be buying” beats timing the market, and how to build a wealth force field that buys time, options, and peace of mind. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠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. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠NordVPN.com/MONEYGUY⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Haga, here we go. We have some more React content coming your way.
0:05.0	Brent, I am so excited to see what the team has in store for us today.
0:09.0	All right, tell us, how much debt do you have?
0:12.0	That face is telling.
0:14.0	I don't know exactly, but I'm a college student, so there's debt there.
0:19.0	Okay, credit card debt.
0:20.0	Student loan debt, credit card debt.
0:21.5	You have a car payment?
0:22.5	Okay, what's the total balance if you had to ballpark it? 50 grand. 50. Is it even 50? No more, no less. Is it more like 54? Probably. What do you think? Probably. How much debt do you have? With my car payment, I'd say probably around 16,000,
0:39.0	Okay.
0:39.4	What are you driving these days?
0:40.5	Tesla, Model Y. How about you? What are you driving? A Kia K4. You sound disappointed. You're like, is it because of the debt? It was expensive. Yeah, what did that cost? Well, my car payment's like 630 a month. Wow. Yeah, that's hefty. What's your car payment?
0:55.5	I'm doing 400 a month right now.
0:57.0	400. Was your Tesla used, new? Used. Was yours brand new? Yeah. He has to have it crispy. That new leather smell. Yeah. Are you guys an item? Mm-hmm. Does that mean one day if and when you guys are married,
1:09.8	would he then be helping you pay off y'all's debt?
1:12.8	We do it all together.
1:14.1	If one of us is up, Does that mean one day if and when you guys are married, would he then be helping you pay off y'all's debt?
1:12.8	We do it all together.
1:13.9	If one of us is up and the other one's down, we build each other back to the middle.
1:18.0	Whoever's high, if the other one's low, we help each other out at that point.
1:20.9	They've been dating for three months.
1:21.5	That's romantic.
	...

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