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Money Guy Show

From Debt and Grief to Financial Freedom | Making a Millionaire

Money Guy Show

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

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

4.62.8K Ratings

🗓️ 12 May 2025

⏱️ 66 minutes

🧾️ Download transcript

Summary

Rick and Lori may have a $4.5 million net worth, but fear and financial trauma linger as they enter retirement. In this powerful episode, they open up about past struggles with debt, the heartbreaking loss of a child, and how financial planning helped them reclaim peace and purpose. Join us as we walk them through a plan to not only retire with confidence - but to finally enjoy the life they've built. ⁠⁠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

Click on a timestamp to play from that location

0:00.0

My therapy was spending.

0:02.6

You'd always say, you know, you're going to be poor on the middle of the street with no money and no one's going to care.

0:06.3

That fear kind of drove me.

0:07.5

Does that mean through y'all's entire life that y'all've always been on the same page?

0:11.1

Or is this a new thing?

0:12.6

Is that a microphone working on?

0:14.3

When we hit that rock bottom, are we going to sink or swim?

0:17.5

How does that make y'all feel where you are on this financial independence journey?

0:27.0

Welcome to another episode of Making a Millionaire. This is where we help our guests build their

0:34.0

great big, beautiful tomorrow. That's right, Brianrian we are so excited because we get to talk

0:38.6

to millionaires and millionaires in the making because we believe there's a better way to do money

0:44.0

and today is no different we are with rick and lorry and we are so excited that you guys are here

0:49.3

we're excited to be here awesome so you guys uh decided to come on and be on this show. So I want you

0:56.1

know the audience. Who are you guys? Like what's your background? Where'd you come from?

1:00.5

Married kids? Do you know each other? Walk us through that kind of stuff. We've been married 32 years

1:05.6

and we have four amazing kids. We live in Texas.

1:16.0

Our oldest is Reagan and she is 29.

1:19.9

Liam is our second, but oldest son.

1:21.8

And he is 27.

1:27.6

Kieran is 22, almost 23.

1:33.2

And then Shobin is our youngest, and she was adopted from China.

1:33.7

Oh, amen.

...

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