This Real Estate Nightmare Could Derail Their Financial Freedom

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

🗓️ 15 September 2025

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

At 27, Luke and Hannah are ahead of the curve with a $200K net worth. But after selling their first home and buying both a new house and a rental, reality hasn’t matched the passive-income brochure. We unpack their financial wins, their $100K windfall, the risks of carrying two mortgages, and how family planning fits into the picture. Learn what happens when financial goals collide with real life - and how to prioritize what really matters. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠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

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0:29.7	So we bought a house during COVID. Getting married, buying a house. This sounds like, yeah,
0:34.6	we're just checking the boxes. You know, a lot of people hear about the automatic millionaire idea. You actually sold and made the decision to buy basically two houses at one time. We're kind of hemorrhaging cash here and we need to build our reserves back up for some type of worst case scenario. Well, we do have that our primary house where there's things that we want to do to that. There's some bigger things going on here. How many kids have you all talked about? two to to three. And I would almost, maybe I put my rose-colored glasses back on and just say, nah, let's just figure it out. So you're saying you'd grip and rip and just start a family and not worry about how the money's going to come. That's right. Where are you guys from originally? I'm from Indianapolis, Indiana.
1:11.5	Okay.
1:11.8	So my whole family is still down there.
1:13.3	Awesome.
1:14.2	I'm from Michigan.
1:15.2	We met in school and then moved back up for jobs to Michigan.
1:18.2	Two soccer players too, right?
1:19.4	Yeah.
1:20.3	That's how we met.
1:21.0	Preseason freshman year, classic.
1:23.4	That's awesome.
1:24.2	When did you all get married?
1:25.3	Right after college.
1:26.4	Yeah, 2020, June of 2020.
1:27.9	Oh, wow.
1:28.2	That's a great time to get married. Nothing else going on in the world, right? That's awesome. How many weddings did you plan? We is the running joke that we planned like 30 different versions of our wedding. Invite everybody. Uninvite everybody. Invite them back. Yeah. Man. So you get married at 22. Is that what you said?
1:47.8	22. Is that what you said?
1:48.0	22 years old? Awesome. So we've been married for like five years now, right? Yeah. That's awesome.
1:52.9	Been going pretty good, I'm guessing. We're having fun. Right? Awesome. Good, good, good, good.
	...

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