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Money Guy Show

Financial Advisors React to the WILDEST Money-Making Schemes

Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 20 April 2026

⏱️ 14 minutes

🧾️ Download transcript

Summary

We all like making money. So, why not react to the wildest money-making schemes? Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) are back reacting to the internet's wildest money-making schemes (from an "8-figure 12-year-old day trader" losing $11,000 before breakfast to Mr. Beast grocery scams). Building wealth isn't about outsmarting the system with a clever scheme, and we’re here to share why following tried and true strategies can help you build wealth that lasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We all like making money. Unethical ways to make money, part 12. So why not react to the wildest money making schemes? This guy found a genius way to make money. I am so excited about this because when I hear scheme, I know that the internet is about to deliver. Let's dive right in. That's where the good stuff is. Schemes. Welcome to my realistic day in the life as an eight-figure 12-year-old day trader.

0:22.6

Every day I usually wake up around 2 a.m. today I decided to sleep in a little. First thing I do after waking up is make some coffee and go for a run. Feeling a little tired today so I just did a light jog and then we're headed straight to the gym. Gary V. Motivational Speech on a quick back workout, some deadlift, hoopsesh, shower, and we're headed to the office. At this point, it's 6 a.m. Pacific time. The market opens in 30 minutes, so I begin by checking up on my clan and collecting some gold and elixir. 6.30 am, I see a big dipper formation on the AMD stock, so I go in with some option. While I wait for that position to hit my take profit. I go ahead and cook up some breakfast in the kitchen. Come back to a $4,000 loss on that AMV position. I then quickly go into a few more trades here to make all that money back. But we hit another $7,000 loss on Neostock. So a total loss of about $11,000 for the day. I'd say that's a little better than unusual for me.

1:17.7

There's so much pressure, especially for young people, that there is a one only right way to be productive and efficient and effective. And I just don't think that that's true. That's not been

1:21.6

my experience. Let me go ahead and cut through all the noise and give you the investing cheat code.

1:29.6

That's right. Here it is. Lean in. Come on in.

1:37.6

Instead of trying to beat the market, be the market. Buy those index funds. There you go. I just summarized it, made it easy. That's the scheme that's going to work. This guy found a genius

1:42.6

way to make money. He set up a cardboard sign near a cycling track that just said bottles. Pro cyclists often drop their water bottles during races to save weight and go faster. And sure enough, some riders started tossing their bottles right where his sign was. In the end, he collected a bunch of bottles, made about $5 and helped keep the road cleaner at the same time.

2:01.6

Here's the thing. This was good for everybody. It cut down on litter. It was a way for the cyclist to improve their ride. And he made a little bit of money on it.

2:09.6

Look, there wasn't a huge impact of this? I don't say this is a scheme. I think this works. I think this was okay.

2:15.6

So look, I'm out of the game on this stuff, but there was a season where my wife was running these half marathons.

2:21.5

And I did find it amazing that a lot of people just like disrobe while they're in the middle of running or cycling or whatever.

2:30.1

I have not been to those races.

2:31.3

And then they get hot.

2:32.1

And then they're ticked off that they've only run three miles when they got 10 more to go. So I think there's probably a whole business out there where people like pick up Lulu Lemon or all the other fancy clothes that are just distributed on half marathons or marathon runs. So you saw this clip and you know what? He had bottled.

3:06.4

No, I'm trying to help him. I'm trying to help him cut the corner. And it's going to say clothes on it. This is not the way you make the money. This was this is, I'm telling you there's a better way to do money. Come run the money guy marathon. Clothes optional. Right. That's what I'm hearing. That's what I'm hearing They don't get naked.

3:08.4

They get hot.

3:08.4

Most people look at insured. optional, right? That's what I'm hearing. They don't get naked. They don't get naked. But they get hot.

3:15.1

Most people look at insurance as death benefits and they get money I got to be able to pass away. The wealthy look at insurance policies as something that grows in assets.

3:22.2

Oh, he's talking about.

3:23.4

They don't use the bank.

3:25.0

They become their own bank.

3:27.0

Mm-hmm.

...

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