The Truth About $250,000 Saved by 42 | 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

4.6 • 2.8K Ratings

🗓️ 29 September 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

They didn’t start early, but they did start. In this candid conversation, we unpack how a couple in their 40s paid off debt, now saves ~30% (maxing 401(k)s, Roth IRAs, and brokerage), slashed college costs with dual enrollment, and is planning a values-first move to the Pacific Northwest. Real numbers, real trade-offs, and a roadmap you can copy. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠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

Transcript

Click on a timestamp to play from that location

0:00.0	Sorts' father had an accounting guy, and he goes, how do you guys afford anything? This period from 2017 to 2020, you're like 34 to 37 years old. What you're not saying is, hey, we had it all figured out in our 20. When COVID hit, 70% of the staff was laid off, it was suddenly we were going backwards again. We live in this imaginary world. We think everyone who is 26 years old and they got a couple hundred
0:20.9	grand saved up. But when you started figuring it out, because you had those behaviors in place,
0:25.6	you began to really start making some changes and making some improvements. And as we stood here
0:29.7	today, you guys were great. You shared with us your savings, like what you guys are actually
0:33.2	doing now that you have some margin and it's wild. 20 years. Yeah. Congratulations. That's awesome, right? Like, what's the secret? How'd you do it? Just go to bed mad and wake up happy. That is the opposite of life. I think that's the way you're supposed to do it. Don't try to solve your problems when you're tired.
0:55.1	It's not going to go well for you.
0:56.0	My favorite thing sources ever said is it's not the more you give the more you get.
0:58.6	It's the more you give them more there is.
1:00.0	Yeah.
1:00.1	Okay.
1:00.5	Yeah, you're just got to put it into the bucket.
1:01.9	You're not waiting for somebody else to give it to you.
1:03.4	I love it. for myself. Okay. Yeah, I'm a distribution manager for fitness equipment.
1:11.2	I'll talk afterwards.
1:13.0	Let's finish.
1:13.7	Okay, let's go.
1:14.8	Let's go.
1:15.6	Oh, no.
1:16.1	See what they told me.
1:17.4	Let's go.
1:18.4	I just see you know.
1:20.3	They said, hey, one of you guys
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.