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Money Guy Show

How to Build Wealth With A Negative Net Worth | 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

🗓️ 8 December 2025

⏱️ 36 minutes

🧾️ Download transcript

Summary

Carl and Laurel are crushing it with nearly $200,000 in household income and have already paid off over $100,000 in student loans. But like many young couples in their late 20s and early 30s, they're facing a critical question: should they continue aggressively paying down their remaining $110,000 in student debt, save for a house purchase, or shift focus to building wealth for retirement? ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠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

0:21.2

at apple.com forward slash hello vet.

0:25.9

Think about cheese.

0:28.0

Make your thoughts cheesier.

0:30.2

Now add 100% chicken breast fillet,

0:32.6

Chipotle sauce and ameta cheese melt

0:34.4

and it's giving the new cheesy chicken stack at McDonald's. Did we mention it's cheesy? Cheez. Availments with the 4th of Jan, 2026 from 11 a.m. Price and participation may vary. Subjects availability. Every financial decision you make has an opportunity cost associated with. If I pursue this goal, it's likely at the expense of this goal to some extent. We've got these two goals I

0:54.3

still want to satisfy. I want to be saving and investing, but I do still have a bunch of student

0:58.0

loans that are 5%. We're going to stop talking for a second. What would you guys do?

1:07.1

Well, whenever we started dating is right before I went to PA school. And so it's kind of like this expectation like, hey, I'm got to go to school and this is going to come with some debt. And so, you know, kind of like a debt crusader for the longest, I would say. And so we kind of carried that into our first couple years. And so now today our main goal is just to try to figure out, like, I know there's a more efficient way to do that to kind of make the most out of our, like, prime earning and investing years. So we, from the very, from the get-go,

1:31.8

though, like, we understood, like, we didn't want any unnecessary debt, credit cards, car payments, stuff like that, and the student loans were just next. Got it. And you said, are you a PA now? Is that what you're a professional?

1:40.4

Awesome.

1:40.7

Laura, what do you do?

1:41.3

I'm a teacher.

1:42.1

Teacher.

1:42.5

Yes.

1:42.9

Awesome.

1:43.0

What do you teach?

...

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