Financial Advisors React to Unhinged Money Advice on TikTok!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.6 • 2.8K Ratings
🗓️ 27 December 2024
⏱️ 17 minutes
🧾️ Download transcript
Summary
Brian and Bo take on some of the most unhinged financial advice we've found on TikTok!
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Transcript
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| 0:00.0 | Hey, podcast family, you have to know we are known kind of on the YouTube world as the React channel, the Money Guy Show. |
| 0:08.4 | But we don't want you to miss out on any of the funds, so we have something special for you today. |
| 0:13.1 | We are so excited. We are going to actually release for you the same audio that we do on our React videos. |
| 0:17.3 | Now, if you've not checked out the React videos, go to YouTube.com slash Money Guy |
| 0:21.9 | Show and check them out. But if you just want to know what we're getting into from the audio |
| 0:26.8 | side, make sure you listen up. This is going to be fun. |
| 0:35.5 | I took out two loans to get here today. I don't even have money for a hotel. |
| 0:39.9 | I'm a big hand, God. Give him a big hand. |
| 0:41.9 | Hey, hey, hey, money guy family. We got more reacts. Let's see what the team's put together. |
| 0:52.1 | Brian, I am so excited. I love seeing what the |
| 0:54.7 | internet has out there that we get to react to. So with that, let's dive right in. I know I just |
| 1:00.4 | got a Tacoma, but I figured out a way to skip three months. Add sound system. This is you. |
| 1:04.6 | It says updated payment information, skip up to three payments. In the letter, it basically says |
| 1:09.5 | that I can refinance my loan somehow, which means buying it again. |
| 1:12.7 | I don't know. |
| 1:13.9 | Now, instead of having 22%, they are offering me 18%. |
| 1:17.1 | Oh, gosh. |
| 1:17.9 | Now, I don't know the national averages or anything like that, but I think 18% should be good. |
| 1:22.5 | No, that's the interest he pays on $77,000? |
| 1:25.8 | He said my credit card is 30. |
| 1:27.3 | For some reason, the speaker sucked. There's no loan. |
| 1:30.8 | Dude, you can't afford it. I can refinance this loan. And when I do that, I get to skip three payments. |
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