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Money Guy Show

We Catch MAJOR Pitfalls in This Doctor's DIY Portfolio | 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

🗓️ 14 April 2025

⏱️ 94 minutes

🧾️ Download transcript

Summary

Chuck and Margo have a BIG shovel. But getting through medical school gave Chuck some BIG blind spots. We want to show them a better way to do money, and set them up for a life of abundance. 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

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0:00.0

Chuck and Margo have a big shovel. So you've paid down from $307,000 down to $74,000 by your early 30s.

0:06.9

And we're at 54 now because they've paid off $1.20 the last. Oh, my. But getting through medical school gave Chuck some big blind spots.

0:13.6

What's the interest in the student loans presently? Well, that's the issue. It's nothing. Oh, it's zero percent.

0:17.7

Yeah. We want to show them a better way to do money and set them up for a life of abundance.

0:27.0

Welcome to Making a Millionaire, where we help millionaires and millionaires in the making build their great big, beautiful tomorrow.

0:35.2

I'm your host, Brian Preston, joined by Mr. Bow Hanson. That's right.

0:38.5

We are so excited that we get to do a deep dive into the financial lives of listeners just like

0:43.6

you. And today, we have Chuck and Margo joining us. Thanks so much for hanging out with us, guys.

0:47.9

Thanks for having us. Of course, we're excited. Awesome. So for those of the folks out there watching, you don't know you guys, give us a runner.

0:54.7

Who are you? What's your family situation? What do you do? Give us like the quick bio.

0:59.2

So we are, do you want me to talk professionally, personally, kind of all of them?

1:05.2

How old are you? Got any kids? What do you do for a living? All the stuff.

1:08.9

We are in our 30s, in our early 30s.

1:11.4

We have a little one, two and a half years old.

1:14.4

Oh, that's awesome.

1:15.7

Yes.

1:17.5

We live on the East Coast, sort of mid-Atlantic area.

1:23.0

Both of us, Chuck is a doctor.

1:25.9

I'm a psychologist.

1:40.2

So both did quite a bit of training in our 20s. Yes. And we were out in the Midwest for all of that and then moved back east. That's where I'm from originally. And it was in the marriage contract.

1:50.9

I love it. But no, it's been great. I mean, we have a big family out in the East Coast that has been very supportive and been great to have around now that we're back on those stuff. You're both in school for like a million years. Is that where y'all met? Is that how y'all came together? We actually met. We were both living in the D.C. area right after undergrad. So like I had just graduated. He was one year

2:05.2

out and we were both doing, it was very, very nerdy, both doing research fellowships. And we were

...

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