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Money Guy Show

How to Adapt When Your Income is Cut In Half | Making a Millionaire

Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 24 November 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

After a divorce cut her income in half, 45-year-old public defender Rachel joined us to reconfigure her financial life. Together, we unpack the low-interest mortgage she paid down, the generous giving goals she is pursuing, funding college for her kids, and a whole lot more. We talk through how a setback can reset your Financial Order of Operations, but your path to building wealth doesn't have to stop. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠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. ⁠⁠⁠⁠⁠⁠⁠DRINKAG1.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Why are businesses like HelloVet choosing Apple products and services?

0:05.0

So we started the business two years ago.

0:07.0

We had a few people who were used to PCs and this was their first foray into Macs.

0:12.0

But it's been super smooth getting everyone onto those devices and everyone seems really, really happy.

0:18.0

Find out how Mac can help you run and grow your business at apple.com forward slash hello vet.

0:26.6

Perfection doesn't exist for anybody.

0:28.9

You can have a lot of mistakes and there's still tremendous margin for success to come out the other side.

0:35.8

I think that's what we're going to hopefully uncover for you today, Rachel, as we go

0:39.8

through this is that, yes, there's a big step back with this big life change.

0:43.7

But how do we make you fulfill those three big goals that we kind of uncovered?

0:47.9

But also, you came out the other side feeling much better and with purpose.

0:56.1

45 years old. $362,000 net worth.

1:01.0

You make about $120,000 a year.

1:04.5

Sounds like you were in a fantastic spot, and it's been just a super easy journey

1:10.3

just straight from where you were to where you are now, right? No problems at all. That's the way it went. Yep. The good news is I don't want to be a millionaire. So you guys, this may be a quick, easy, check the box, we're done. We're out of here. Why don't you want to be a millionaire? Was being a millionaire a bad thing? I don't know. Maybe. Oh, maybe. I don't know. I guess it depends on how you use your money.

1:30.9

Depends on what a bad thing? I don't know, maybe. Oh, maybe. I don't know. I guess it depends on how you use your money.

1:30.9

Depends on what a million dollars means for you, right? Exactly, yeah.

1:32.8

For me, I don't think I need a million dollars to be happy.

1:33.8

Like I know I don't because I'm happy now and I don't have a million dollars.

1:36.6

I'm a public defender, kind of lifelong public defender.

1:39.7

I love my work.

1:42.8

I have two great kids.

...

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