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

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 27 December 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Brian and Bo take on some of the most unhinged financial advice we've found on TikTok! 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	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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