From $100K in Debt to $550K Net Worth | Making a Millionaire

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

🗓️ 4 August 2025

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Chelsea had six figures of credit card debt. Lucas struggled with financial anxiety and underspending. Together, they built a net worth over $500K by age 30 - all while planning a wedding, tackling old money mindsets, and preparing for their future family. This episode of Making a Millionaire shows what’s possible when couples combine goals and get serious about their financial journey. ⁠⁠⁠⁠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

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0:57.0	slash McCann. Chelsea did a good job of doing it but she didn't say it out loud. She's nervous a little bit as you'll make this family planning decisions.
1:06.0	You're so tight with money to a degree if there's any relinquishing of the financial that there's going to be some potential conflicts. Is that something that's kind of under the surface a little bit? If I told you that you could save 10% less, how does that make you feel? He literally just said, we need to be on a no spin month. And I'm like, who's on a no thin month? I do want to make sure I build this bridge back because money has been the bridge that brought you all together.
1:29.6	But I also see that it potentially could be a strife point for you guys.
1:33.4	Is it that you have not yet found the thing that you like spending money on?
1:37.7	That's kind of deep.
1:43.8	We're planning a wedding now.
1:45.5	It must mean you guys are engaged or not engaged.
1:48.6	We are engaged.
1:49.2	Oh, wonderful.
1:50.6	Congratulations, right?
1:51.7	That's pretty exciting, yeah?
1:53.4	Yes, we're very excited and we just like booked our venue.
1:57.4	So we're going to get married in Knoxville, Tennessee.
1:59.2	I was like, okay, I know the house
2:01.3	buying rule. I know the car buying rule. Is there a wedding? What's the wedding rule? We get
	...

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